Australia - Real Interest Rate 1988
6.44%
−1.08pp from 1987
Australia's real interest rate was 6.44% in 1988, decreased +1.08pp from 7.52% in 1987. This was the 40th highest globally.
Global Ranking - 1988▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Peru | -62.77% | -116.8% |
| 2nd | Uganda | -53.44% | -2.6% |
| 3rd | Sierra Leone | -22.09% | 57.2% |
| 4th | Somalia, Fed. Rep. | -18.46% | -210.7% |
| 5th | Botswana | -12.11% | -406.7% |
| 6th | Zambia | -11.97% | 52.5% |
| 7th | Eswatini | -8.85% | -183.2% |
| 8th | Guyana | -6.94% | 74.8% |
| 9th | Malawi | -6.74% | -383.6% |
| 10th | Guinea | -5.47% | 43.2% |
| 11th | Lesotho | -5.34% | -877.2% |
| 12th | Antigua and Barbuda | -2.97% | -346.9% |
| 13th | Nigeria | -2.96% | 37.9% |
| 14th | China | -2.77% | -203.2% |
| 15th | Macao SAR, China | -0.73% | 84.1% |
| 16th | South Africa | -0.08% | 96.3% |
| 17th | Bhutan | 0.03% | -99.8% |
| 18th | Hungary | 0.18% | - |
| 19th | Singapore | 0.51% | -90.9% |
| 20th | Chile | 0.67% | -88.3% |
| 21st | Albania | 1.00% | 0.0% |
| 22nd | Solomon Islands | 1.02% | -80.6% |
| 23rd | United Kingdom | 3.05% | -6.4% |
| 24th | Egypt, Arab Republic of | 3.16% | -8.1% |
| 25th | Kuwait | 3.65% | 238.3% |
| 26th | Mauritius | 3.67% | 242.7% |
| 27th | St. Kitts and Nevis | 3.71% | -25.3% |
| 28th | Liberia | 4.04% | 246.8% |
| 29th | Papua New Guinea | 4.41% | 19.9% |
| 30th | Qatar | 4.60% | 181.2% |
| 31st | Grenada | 5.21% | -33.6% |
| 32nd | Thailand | 5.35% | -17.9% |
| 33rd | Malaysia | 5.48% | 118.9% |
| 34th | United States | 5.59% | 0.0% |
| 35th | Philippines | 5.61% | 3.3% |
| 36th | Bahrain | 5.68% | -16.5% |
| 37th | Iceland | 5.80% | 4.4% |
| 38th | Canada | 6.02% | 33.4% |
| 39th | Mauritania | 6.28% | 351.0% |
| 40th | Australia | 6.44% | -14.3% |
| 41st | Dominica | 6.47% | 22.9% |
| 42nd | Barbados | 6.50% | 394.1% |
| 43rd | Bangladesh | 6.84% | 103.9% |
| 44th | Aruba | 6.92% | 6.8% |
| 45th | Bahamas, The | 7.41% | 227.0% |
| 46th | India | 7.64% | 16.4% |
| 47th | Oman | 7.93% | 569.3% |
| 48th | Kenya | 8.03% | -1.6% |
| 49th | Trinidad and Tobago | 8.09% | 27.6% |
| 50th | Burundi | 8.22% | -48.5% |
| 51st | Costa Rica | 8.29% | -33.3% |
| 52nd | Honduras | 9.41% | -6.8% |
| 53rd | Belize | 9.78% | 60.6% |
| 54th | St. Lucia | 10.50% | 88.3% |
| 55th | St. Vincent and the Grenadines | 10.56% | 354.3% |
| 56th | Colombia | 11.19% | -19.3% |
| 57th | Jamaica | 11.72% | -11.2% |
| 58th | Indonesia | 13.44% | 175.4% |
| 59th | Uruguay | 13.60% | 17.1% |
| 60th | Gambia, The | 18.08% | 127.5% |
| 61st | Bolivia, Plurinational State of | 18.95% | -37.7% |
| 62nd | Libya | 30.13% | 362.0% |
| 63rd | Nicaragua | 628.32% | - |
FAQ
What was Australia's real interest rate in 1988?▾
Australia's real interest rate in 1988 was 6.44%. This ranked 40th globally.
How did Australia's real interest rate change in 1988?▾
Australia's real interest rate decreased by 14.3% in 1988 compared to 1987.
Which country had the highest real interest rate in 1988?▾
Nicaragua had the highest real interest rate in 1988 at 628.32%.
What is the real interest rate of Australia in 1988?▾
The real interest rate of Australia in 1988 was 6.44%. This ranked 40th globally.
How does 1988 compare to 1987 for Australia's real interest rate?▾
Australia's real interest rate went from 7.52% in 1987 to 6.44% in 1988, a 14.3% decrease.
Related
1987
1989
All years
Full ranking 1988
Lending Rate
Deposit Rate
M2 Money Supply Growth
Credit to GDP
Non-Performing Loans
Peak: 1991
Lowest: 1974
Real Interest Rate 1990s
Real Interest Rate 2000s
Real Interest Rate 2010s
Real Interest Rate 2020s
Highest ever
Lowest ever
Average
vs San Marino
vs Sweden
vs Austria
vs Qatar
G20 Real Interest Rate
OECD Real Interest Rate
Global Ranking