Italy Real Interest Rate
Real interest rate FR.INR.RINR
Italy's real interest rate was 1.37% in 2025, ranked 59th globally. This represents a 57.5% decrease from 2024. Data from World Bank, covering 1989–2025.
Overview
Italy's real interest rate stood at 1.37% in 2025, a decline of +1.86pp from 2024. Based on recent trends, this figure is projected to reach 1.37% by 2025. Italy ranked 59th globally.
Italy’s real interest rate has fallen sharply from an all‑time peak of 11.65% in 1992 to a trough of –1.23% in 2023, reflecting the combined effect of declining inflation and accommodative monetary policy over the past three decades. By 2025 the rate stood at 1.37%, placing Italy 59th in the world and virtually level with Hong Kong SAR and China, both at 1.38%, and only slightly above Jamaica’s 1.23% and Dominica’s 1.40%. The 37‑year series shows a long‑term downward trajectory, with the most pronounced drop occurring after the early‑1990s peak as the Eurozone integrated and the European Central Bank pursued low‑rate strategies. The recent modest rise to 1.37% suggests a tentative tightening, but continued low inflation and fiscal consolidation will be needed to sustain any upward movement; otherwise the rate is likely to remain near current levels or drift lower.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 1.98% | - | - |
| 2026* trend | 1.68% | - | - |
| 2025* trend | 1.37% | - | - |
| 2025 | 1.37% | −1.86pp | #59 |
| 2024 | 3.23% | +4.46pp | #25 |
| 2023 | -1.23% | −0.08pp | #18 |
| 2022 | -1.15% | −1.88pp | #36 |
| 2021 | 0.73% | −0.01pp | #46 |
| 2020 | 0.74% | −0.80pp | #13 |
| 2019 | 1.54% | −0.05pp | #14 |
| 2018 | 1.59% | −0.68pp | #25 |
| 2017 | 2.27% | +0.05pp | #40 |
| 2016 | 2.22% | −1.10pp | #20 |
| 2015 | 3.32% | −0.61pp | #32 |
| 2014 | 3.93% | −0.04pp | #39 |
| 2013 | 3.97% | +0.51pp | #45 |
| 2012 | 3.46% | +0.64pp | #47 |
| 2011 | 2.82% | −0.59pp | #61 |
Detected Pattern
Analysis
Italy matched the Export Boom Cycle pattern in 1986. 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
Italy's real interest rate was 1.37% in 2025. Ranked 59th globally. This represents a 57.5% decrease from the previous year.
Italy's real interest rate peaked at 11.65% in 1992.
The lowest real interest rate in Italy was -1.23% in 2023.
Italy ranks 59th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Italy's real interest rate is projected to reach 1.37% by 2025 based on trend extrapolation.
The real interest rate of Italy in 2025 was 1.37%. This ranks 59th in the world.
Cite this page
@misc{historysaid_italy_real-interest-rate,
title = {Italy Real Interest Rate},
url = {https://historysaid.com/italy/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}