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Nigeria - Real Interest Rate 1971

Name: Nigeria Real Interest Rate 1971
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Real interest rate · World Bank

5.58% +34.85pp from 1970 Global rank: 7th

Nigeria's real interest rate was 5.58% in 1971, increased +34.85pp from -29.27% in 1970. This was the 7th highest globally.

Global Ranking - 1971▾

Real Interest Rate by Country - 1971
Rank	Country	Value	YoY
1st	Libya	-11.13%	-261.0%
2nd	United Kingdom	-1.89%	-3.5%
3rd	United States	0.62%	-75.3%
4th	Canada	1.47%	-55.2%
5th	Australia	1.96%	16.4%
6th	South Africa	2.73%	-17.9%
7th	Nigeria	5.58%	119.1%
8th	Malaysia	9.70%	-0.6%
9th	Sierra Leone	16.04%	54.8%
10th	Kenya	20.07%	-

FAQ

What was Nigeria's real interest rate in 1971?▾

Nigeria's real interest rate in 1971 was 5.58%. This ranked 7th globally.

How did Nigeria's real interest rate change in 1971?▾

Nigeria's real interest rate increased by 119.1% in 1971 compared to 1970.

Which country had the highest real interest rate in 1971?▾

Kenya had the highest real interest rate in 1971 at 20.07%.

What is the real interest rate of Nigeria in 1971?▾

The real interest rate of Nigeria in 1971 was 5.58%. This ranked 7th globally.

How does 1971 compare to 1970 for Nigeria's real interest rate?▾

Nigeria's real interest rate went from -29.27% in 1970 to 5.58% in 1971, a 119.1% increase.

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