Iceland - Real Interest Rate 1998
7.74%
−2.09pp from 1997
Iceland's real interest rate was 7.74% in 1998, decreased +2.09pp from 9.83% in 1997. This was the 43rd highest globally.
Global Ranking - 1998▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Lao PDR | -29.93% | -356.4% |
| 2nd | Belarus | -28.08% | -21.0% |
| 3rd | Indonesia | -24.60% | -399.5% |
| 4th | Bulgaria | -14.83% | 78.5% |
| 5th | Myanmar | -11.42% | -13.3% |
| 6th | Serbia | -6.76% | -793.0% |
| 7th | Sierra Leone | 0.05% | -99.8% |
| 8th | Barbados | 0.96% | -89.1% |
| 9th | Haiti | 1.40% | 2.4% |
| 10th | Fiji | 2.04% | -72.8% |
| 11th | Japan | 2.35% | 21.4% |
| 12th | Solomon Islands | 2.56% | -55.1% |
| 13th | Czechia | 2.70% | -39.6% |
| 14th | Papua New Guinea | 2.76% | 47.9% |
| 15th | Nicaragua | 3.22% | -52.4% |
| 16th | Botswana | 3.35% | -60.7% |
| 17th | Malaysia | 3.35% | -51.5% |
| 18th | Seychelles | 3.52% | -74.6% |
| 19th | Burundi | 3.54% | 587.3% |
| 20th | Bahamas, The | 3.59% | 109.4% |
| 21st | Angola | 4.05% | 113.7% |
| 22nd | Aruba | 4.17% | -33.9% |
| 23rd | Bhutan | 4.79% | 74.9% |
| 24th | Hungary | 4.85% | 287.3% |
| 25th | Romania | 4.85% | 118.2% |
| 26th | Viet Nam | 5.11% | -30.3% |
| 27th | India | 5.12% | -25.9% |
| 28th | Australia | 5.48% | -5.9% |
| 29th | Sweden | 5.54% | 1.1% |
| 30th | Philippines | 5.77% | -38.8% |
| 31st | United Kingdom | 5.83% | -10.7% |
| 32nd | Thailand | 5.88% | -33.5% |
| 33rd | Mauritania | 5.95% | -32.8% |
| 34th | Italy | 6.13% | -21.1% |
| 35th | Jordan | 6.23% | -43.1% |
| 36th | Guatemala | 6.45% | -32.7% |
| 37th | Malta | 6.62% | -7.5% |
| 38th | Canada | 6.79% | 80.1% |
| 39th | Croatia | 7.00% | -12.8% |
| 40th | United States | 7.15% | 8.3% |
| 41st | China | 7.28% | 5.9% |
| 42nd | Tanzania | 7.59% | 61.1% |
| 43rd | Iceland | 7.74% | -21.3% |
| 44th | Bangladesh | 7.83% | -11.6% |
| 45th | St. Vincent and the Grenadines | 7.84% | -19.9% |
| 46th | New Zealand | 7.86% | - |
| 47th | St. Kitts and Nevis | 8.39% | 40.8% |
| 48th | Suriname | 8.42% | -73.0% |
| 49th | Dominica | 8.52% | -11.2% |
| 50th | Hong Kong SAR, China | 8.57% | 189.1% |
| 51st | St. Lucia | 8.76% | -8.1% |
| 52nd | Singapore | 8.89% | 71.6% |
| 53rd | Mexico | 9.20% | 145.7% |
| 54th | Lesotho | 9.22% | 11.6% |
| 55th | Antigua and Barbuda | 9.27% | 0.5% |
| 56th | Costa Rica | 9.41% | 38.4% |
| 57th | Grenada | 9.82% | 5.8% |
| 58th | Panama | 10.00% | 7.5% |
| 59th | Korea | 10.32% | 33.7% |
| 60th | Egypt, Arab Republic of | 10.39% | 191.6% |
| 61st | Uganda | 11.10% | -37.4% |
| 62nd | Eswatini | 11.26% | 53.7% |
| 63rd | Nigeria | 11.48% | -5.3% |
| 64th | Namibia | 11.50% | -5.7% |
| 65th | Micronesia, Federated States of | 11.64% | -18.4% |
| 66th | Mauritius | 12.11% | -7.7% |
| 67th | Maldives | 12.27% | 85.4% |
| 68th | South Africa | 12.69% | 15.7% |
| 69th | Zambia | 12.74% | -25.0% |
| 70th | Macao SAR, China | 13.18% | 66.2% |
| 71st | Rwanda | 13.19% | 1,295.1% |
| 72nd | Guyana | 13.40% | -12.9% |
| 73rd | Belize | 13.72% | -24.1% |
| 74th | Algeria | 15.10% | 85.6% |
| 75th | Malawi | 15.16% | 147.0% |
| 76th | Guinea | 15.72% | -16.4% |
| 77th | Paraguay | 16.32% | -41.2% |
| 78th | Mozambique | 17.14% | -2.4% |
| 79th | Dominican Republic | 17.96% | 69.9% |
| 80th | Gambia, The | 18.94% | -43.4% |
| 81st | Jamaica | 19.00% | -10.4% |
| 82nd | Chile | 19.24% | 61.1% |
| 83rd | Moldova | 19.52% | 5.4% |
| 84th | Trinidad and Tobago | 19.55% | -0.1% |
| 85th | Madagascar | 19.57% | -20.8% |
| 86th | Russian Federation | 19.62% | 32.9% |
| 87th | Bahrain | 20.28% | 81.7% |
| 88th | Azerbaijan | 21.02% | - |
| 89th | Kenya | 21.10% | 25.0% |
| 90th | Oman | 23.30% | 99.6% |
| 91st | Colombia | 23.38% | 61.9% |
| 92nd | Brunei Darussalam | 23.82% | - |
| 93rd | Peru | 25.87% | 17.4% |
| 94th | Honduras | 27.96% | 9.9% |
| 95th | Yemen, Republic of | 28.88% | 254.6% |
| 96th | Bolivia, Plurinational State of | 30.23% | -27.9% |
| 97th | Liberia | 30.43% | 2.1% |
| 98th | Kuwait | 31.49% | 122.1% |
| 99th | Armenia | 34.13% | 10.1% |
| 100th | Ukraine | 37.93% | 44.3% |
| 101st | Uruguay | 38.94% | 18.6% |
| 102nd | Kyrgyz Republic | 43.87% | 19.2% |
| 103rd | Mongolia | 50.98% | - |
| 104th | Brazil | 77.62% | 18.7% |
FAQ
What was Iceland's real interest rate in 1998?▾
Iceland's real interest rate in 1998 was 7.74%. This ranked 43rd globally.
How did Iceland's real interest rate change in 1998?▾
Iceland's real interest rate decreased by 21.3% in 1998 compared to 1997.
Which country had the highest real interest rate in 1998?▾
Brazil had the highest real interest rate in 1998 at 77.62%.
What is the real interest rate of Iceland in 1998?▾
The real interest rate of Iceland in 1998 was 7.74%. This ranked 43rd globally.
How does 1998 compare to 1997 for Iceland's real interest rate?▾
Iceland's real interest rate went from 9.83% in 1997 to 7.74% in 1998, a 21.3% decrease.
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