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Korea - Lending Rate 2022

Name: Korea Lending Rate 2022
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Lending interest rate · World Bank

4.29% +1.41pp from 2021 Global rank: 13th

Korea's lending rate was 4.29% in 2022, increased +1.41pp from 2.88% in 2021. This was the 13th highest globally.

Global Ranking - 2022▾

Lending Rate by Country - 2022
Rank	Country	Value	YoY
1st	Italy	2.26%	11.8%
2nd	Switzerland	2.65%	0.3%
3rd	Israel	2.96%	-4.6%
4th	Thailand	3.14%	2.6%
5th	Norway	3.24%	42.6%
6th	Bosnia and Herzegovina	3.36%	5.0%
7th	Bulgaria	3.75%	-9.0%
8th	San Marino	3.80%	7.6%
9th	Malaysia	3.91%	13.5%
10th	Kuwait	3.91%	5.6%
11th	Czechia	4.23%	31.9%
12th	Bahamas, The	4.25%	0.0%
13th	Korea	4.29%	48.8%
14th	China	4.35%	0.0%
15th	Qatar	4.56%	18.5%
16th	North Macedonia	4.63%	-4.6%
17th	Hong Kong SAR, China	5.10%	2.1%
18th	Macao SAR, China	5.34%	1.6%
19th	Fiji	5.43%	-8.6%
20th	Brunei Darussalam	5.50%	0.0%
21st	Montenegro	5.64%	-2.1%
22nd	Aruba	6.10%	-4.7%
23rd	Botswana	6.13%	16.8%
24th	Grenada	6.44%	-1.6%
25th	Albania	6.51%	8.1%
26th	St. Lucia	6.51%	-3.6%
27th	Dominica	6.54%	3.8%
28th	Panama	6.91%	-0.4%
29th	St. Kitts and Nevis	7.05%	-1.3%
30th	Bangladesh	7.12%	-2.8%
31st	Antigua and Barbuda	7.31%	-1.0%
32nd	Costa Rica	7.36%	33.5%
33rd	Jordan	7.37%	5.0%
34th	St. Vincent and the Grenadines	7.39%	-3.4%
35th	Trinidad and Tobago	7.49%	0.7%
36th	Mauritius	7.50%	9.2%
37th	Iceland	7.60%	40.6%
38th	Romania	7.76%	38.2%
39th	Bolivia, Plurinational State of	7.76%	-3.1%
40th	Cabo Verde	7.83%	2.8%
41st	Tonga	7.86%	1.3%
42nd	Papua New Guinea	7.99%	4.6%
43rd	Algeria	8.00%	0.0%
44th	Viet Nam	8.01%	2.6%
45th	Comoros	8.03%	2.0%
46th	Barbados	8.05%	0.0%
47th	Mexico	8.18%	67.2%
48th	Samoa	8.29%	-2.6%
49th	Guyana	8.42%	-5.2%
50th	Eswatini	8.50%	17.2%
51st	Indonesia	8.52%	-4.5%
52nd	Belize	8.52%	1.0%
53rd	India	8.57%	-1.5%
54th	Namibia	8.61%	25.5%
55th	South Africa	8.79%	24.9%
56th	Vanuatu	8.81%	-5.7%
57th	Lesotho	8.98%	9.4%
58th	Seychelles	9.10%	-0.6%
59th	Nicaragua	9.23%	-4.1%
60th	Egypt, Arab Republic of	10.58%	12.3%
61st	Hungary	10.66%	259.4%
62nd	Uruguay	10.87%	45.8%
63rd	Maldives	10.93%	-5.5%
64th	Timor-Leste	11.00%	-1.4%
65th	Jamaica	11.41%	-0.8%
66th	Russian Federation	11.46%	59.6%
67th	Armenia	11.72%	-0.4%
68th	Burundi	11.77%	-8.4%
69th	Moldova	11.80%	59.5%
70th	Dominican Republic	11.85%	23.3%
71st	Guatemala	11.92%	-2.2%
72nd	Nigeria	12.33%	7.4%
73rd	Kenya	12.34%	2.1%
74th	Peru	12.60%	14.7%
75th	Belarus	12.72%	25.7%
76th	Haiti	13.12%	-1.7%
77th	Georgia	13.66%	9.2%
78th	Bhutan	14.00%	0.0%
79th	Azerbaijan	14.59%	-11.2%
80th	Honduras	14.61%	-8.5%
81st	Suriname	14.75%	-0.9%
82nd	Colombia	15.81%	69.3%
83rd	South Sudan	16.29%	1.3%
84th	Rwanda	16.39%	1.3%
85th	São Tomé and Principe	17.90%	-3.1%
86th	Ukraine	18.61%	40.0%
87th	Kyrgyz Republic	18.66%	12.3%
88th	Gambia, The	19.00%	-2.6%
89th	Sierra Leone	19.31%	2.4%
90th	Angola	20.12%	3.7%
91st	Mozambique	20.13%	10.8%
92nd	Uzbekistan	21.75%	1.5%
93rd	Malawi	25.35%	6.2%
94th	Brazil	39.40%	31.3%
95th	Madagascar	48.83%	1.1%
96th	Argentina	52.40%	47.4%
97th	Zimbabwe	131.81%	189.8%

FAQ

What was Korea's lending rate in 2022?▾

Korea's lending rate in 2022 was 4.29%. This ranked 13th globally.

How did Korea's lending rate change in 2022?▾

Korea's lending rate increased by 48.8% in 2022 compared to 2021.

Which country had the highest lending rate in 2022?▾

Zimbabwe had the highest lending rate in 2022 at 131.81%.

What is the lending rate of Korea in 2022?▾

The lending rate of Korea in 2022 was 4.29%. This ranked 13th globally.

How does 2022 compare to 2021 for Korea's lending rate?▾

Korea's lending rate went from 2.88% in 2021 to 4.29% in 2022, a 48.8% increase.

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