Hong Kong SAR, China Real Interest Rate
Real interest rate FR.INR.RINR
Hong Kong SAR, China's real interest rate was 1.38% in 2025, ranked 58th globally. This represents a 25.0% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Hong Kong SAR, China's real interest rate stood at 1.38% in 2025, a decline of +0.46pp from 2024. Based on recent trends, this figure is projected to reach 1.38% by 2025. Hong Kong SAR, China ranked 58th globally.
Hong Kong SAR, China's real interest rate has fluctuated significantly over the past 36 years, with a notable peak of 13.13% in 1999 and a trough of -2.33% in 1992. As of the latest available data in 2025, the real interest rate stands at 1.38%, ranking 58th globally. This is slightly higher than that of Italy, which has a real interest rate of 1.37%, and lower than Kuwait's 1.62%. Compared to its peers, Hong Kong SAR, China's real interest rate is relatively stable, with Jamaica having a slightly lower rate of 1.23%. The current rate is significantly lower than its peak in 1999, indicating a shift towards more accommodative monetary policies. As global economic conditions continue to evolve, a change in inflation expectations or a shift in monetary policy stance could alter the trajectory of Hong Kong SAR, China's real interest rate.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 0.09% | - | - |
| 2026* trend | 0.74% | - | - |
| 2025* trend | 1.38% | - | - |
| 2025 | 1.38% | −0.46pp | #58 |
| 2024 | 1.84% | −0.95pp | #20 |
| 2023 | 2.80% | −0.56pp | #40 |
| 2022 | 3.36% | −0.93pp | #69 |
| 2021 | 4.29% | −0.05pp | #66 |
| 2020 | 4.33% | +1.34pp | #40 |
| 2019 | 3.00% | +1.66pp | #26 |
| 2018 | 1.33% | −0.73pp | #24 |
| 2017 | 2.06% | −1.25pp | #37 |
| 2016 | 3.31% | +2.00pp | #37 |
| 2015 | 1.31% | −0.78pp | #16 |
| 2014 | 2.09% | −1.04pp | #21 |
| 2013 | 3.13% | +1.73pp | #30 |
| 2012 | 1.41% | +0.34pp | #27 |
| 2011 | 1.06% | −3.66pp | #41 |
Detected Pattern
Analysis
Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. Historically, 71% of countries showing this pattern (546 out of 768) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Hong Kong SAR, China's real interest rate was 1.38% in 2025. Ranked 58th globally. This represents a 25.0% decrease from the previous year.
Hong Kong SAR, China's real interest rate peaked at 13.13% in 1999.
The lowest real interest rate in Hong Kong SAR, China was -2.33% in 1992.
Hong Kong SAR, China ranks 58th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Hong Kong SAR, China's real interest rate is projected to reach 1.38% by 2025 based on trend extrapolation.
The real interest rate of Hong Kong SAR, China in 2025 was 1.38%. This ranks 58th in the world.
Cite this page
@misc{historysaid_hong-kong-sar-china_real-interest-rate,
title = {Hong Kong SAR, China Real Interest Rate},
url = {https://historysaid.com/hong-kong-sar-china/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}