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Iceland - Lending Rate 2023

Name: Iceland Lending Rate 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Lending interest rate · World Bank

11.53% +3.93pp from 2022 Global rank: 56th

Iceland's lending rate was 11.53% in 2023, increased +3.93pp from 7.60% in 2022. This was the 56th highest globally.

Global Ranking - 2023▾

Lending Rate by Country - 2023
Rank	Country	Value	YoY
1st	Switzerland	2.86%	8.2%
2nd	Bosnia and Herzegovina	4.11%	22.3%
3rd	Bahamas, The	4.25%	0.0%
4th	Thailand	4.29%	36.6%
5th	China	4.35%	0.0%
6th	Bulgaria	4.44%	18.5%
7th	Czechia	4.68%	10.8%
8th	Italy	4.89%	116.1%
9th	Kuwait	4.93%	25.9%
10th	Fiji	4.97%	-8.5%
11th	Korea	5.19%	20.9%
12th	Norway	5.31%	63.7%
13th	Malaysia	5.32%	36.1%
14th	North Macedonia	5.44%	17.4%
15th	Brunei Darussalam	5.50%	0.0%
16th	San Marino	5.63%	48.2%
17th	Hong Kong SAR, China	5.77%	13.1%
18th	Aruba	5.80%	-4.9%
19th	Dominica	5.94%	-9.2%
20th	Macao SAR, China	6.01%	12.5%
21st	Montenegro	6.35%	12.5%
22nd	Albania	6.35%	-2.4%
23rd	St. Lucia	6.40%	-1.7%
24th	Qatar	6.45%	41.4%
25th	St. Kitts and Nevis	6.67%	-5.4%
26th	Antigua and Barbuda	6.71%	-8.2%
27th	Botswana	6.74%	9.9%
28th	Grenada	6.93%	7.6%
29th	St. Vincent and the Grenadines	7.16%	-3.1%
30th	Trinidad and Tobago	7.52%	0.4%
31st	Cabo Verde	7.53%	-3.9%
32nd	Bangladesh	7.57%	6.3%
33rd	Tonga	7.74%	-1.6%
34th	Algeria	8.00%	0.0%
35th	Samoa	8.32%	0.3%
36th	Papua New Guinea	8.34%	4.4%
37th	Guyana	8.38%	-0.5%
38th	Belize	8.44%	-1.0%
39th	Bolivia, Plurinational State of	8.64%	11.3%
40th	Indonesia	8.93%	4.8%
41st	Vanuatu	8.94%	1.5%
42nd	Jordan	8.95%	21.5%
43rd	Costa Rica	9.10%	23.6%
44th	Romania	9.32%	20.2%
45th	Viet Nam	9.32%	16.3%
46th	Nicaragua	9.48%	2.7%
47th	Mauritius	9.50%	26.6%
48th	Seychelles	9.53%	4.7%
49th	Belarus	9.96%	-21.7%
50th	Timor-Leste	10.72%	-2.5%
51st	Eswatini	10.83%	27.5%
52nd	Namibia	10.93%	26.9%
53rd	Lesotho	11.08%	23.4%
54th	Burundi	11.23%	-4.6%
55th	South Africa	11.50%	30.8%
56th	Iceland	11.53%	51.8%
57th	Mexico	11.59%	41.7%
58th	Russian Federation	11.62%	1.4%
59th	Jamaica	11.65%	2.2%
60th	Maldives	11.68%	6.9%
61st	Uruguay	11.90%	9.5%
62nd	Guatemala	11.96%	0.3%
63rd	Bhutan	12.27%	-12.4%
64th	Moldova	12.33%	4.5%
65th	Armenia	12.39%	5.7%
66th	Georgia	13.51%	-1.1%
67th	Kenya	13.59%	10.2%
68th	Azerbaijan	13.96%	-4.3%
69th	Nigeria	14.01%	13.6%
70th	Suriname	14.17%	-3.9%
71st	Haiti	14.21%	8.3%
72nd	Honduras	14.40%	-1.4%
73rd	Dominican Republic	14.43%	21.8%
74th	Hungary	15.30%	43.6%
75th	Rwanda	16.06%	-2.0%
76th	South Sudan	16.36%	0.4%
77th	Angola	16.92%	-15.9%
78th	Egypt, Arab Republic of	17.76%	67.8%
79th	São Tomé and Principe	17.81%	-0.5%
80th	Kyrgyz Republic	19.11%	2.4%
81st	Sierra Leone	19.64%	1.7%
82nd	Gambia, The	20.75%	9.2%
83rd	Colombia	21.03%	33.0%
84th	Ukraine	22.11%	18.8%
85th	Uzbekistan	22.15%	1.9%
86th	Mozambique	23.70%	17.7%
87th	Malawi	33.55%	32.3%
88th	Brazil	43.60%	10.7%
89th	Madagascar	53.58%	9.7%
90th	Argentina	95.89%	83.0%
91st	Zimbabwe	170.29%	29.2%

FAQ

What was Iceland's lending rate in 2023?▾

Iceland's lending rate in 2023 was 11.53%. This ranked 56th globally.

How did Iceland's lending rate change in 2023?▾

Iceland's lending rate increased by 51.8% in 2023 compared to 2022.

Which country had the highest lending rate in 2023?▾

Zimbabwe had the highest lending rate in 2023 at 170.29%.

What is the lending rate of Iceland in 2023?▾

The lending rate of Iceland in 2023 was 11.53%. This ranked 56th globally.

How does 2023 compare to 2022 for Iceland's lending rate?▾

Iceland's lending rate went from 7.60% in 2022 to 11.53% in 2023, a 51.8% increase.

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