Brazil Real Interest Rate
Real interest rate FR.INR.RINR
Brazil's real interest rate was 41.76% in 2025, ranked 1st globally. This represents a 20.2% increase from 2024. Data from World Bank, covering 1997–2025.
Overview
Brazil's real interest rate stood at 41.76% in 2025, a rise of +7.03pp from 2024. Based on recent trends, this figure is projected to reach 41.76% by 2025. Brazil ranked 1st globally.
Brazil's real interest rate has exhibited significant volatility over the past three decades, ranging from a historic low of 15.01% in 2021 to a peak of 77.62% in 1998. The country's high interest rates have been a defining feature of its economic landscape, with the real interest rate averaging around 30% over the 29-year period. Currently, Brazil's real interest rate stands at 41.76%, the highest globally. This extreme rate is comparable to that of Madagascar, which ranked second with a real interest rate of 39.81%. The high interest rate in Brazil has been a response to high inflation, which peaked at 1,400% in 1993. A sustained drop in inflation would likely lead to a decrease in the real interest rate, potentially altering the trajectory of Brazil's economic growth and investment patterns.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 51.48% | - | - |
| 2026* trend | 46.62% | - | - |
| 2025* trend | 41.76% | - | - |
| 2025 | 41.76% | +7.03pp | #1 |
| 2024 | 34.73% | −1.83pp | #77 |
| 2023 | 36.55% | +8.16pp | #89 |
| 2022 | 28.40% | +13.39pp | #96 |
| 2021 | 15.01% | −6.19pp | #108 |
| 2020 | 21.20% | −10.71pp | #105 |
| 2019 | 31.90% | −1.20pp | #116 |
| 2018 | 33.10% | −8.61pp | #119 |
| 2017 | 41.71% | +1.02pp | #131 |
| 2016 | 40.70% | +6.87pp | #132 |
| 2015 | 33.83% | +11.43pp | #130 |
| 2014 | 22.40% | +3.90pp | #135 |
| 2013 | 18.50% | −8.08pp | #137 |
| 2012 | 26.58% | −6.25pp | #136 |
| 2011 | 32.83% | +3.72pp | #132 |
Detected Pattern
Analysis
Brazil matched the Stagflation Risk pattern in 2016. Historically, 38% of countries showing this pattern (117 out of 307) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Brazil's real interest rate was 41.76% in 2025. Ranked 1st globally. This represents a 20.2% increase from the previous year.
Brazil's real interest rate peaked at 77.62% in 1998.
The lowest real interest rate in Brazil was 15.01% in 2021.
Brazil ranks 1st globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Brazil's real interest rate is projected to reach 41.76% by 2025 based on trend extrapolation.
The real interest rate of Brazil in 2025 was 41.76%. This ranks 1st in the world.
Cite this page
@misc{historysaid_brazil_real-interest-rate,
title = {Brazil Real Interest Rate},
url = {https://historysaid.com/brazil/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}