Paraguay Real Interest Rate
Real interest rate FR.INR.RINR
Paraguay's real interest rate was 3.75% in 2021, ranked 64th globally. This represents a 66.2% decrease from 2020. Data from World Bank, covering 1994–2021.
Overview
Paraguay's real interest rate stood at 3.75% in 2021, a decline of +7.34pp from 2020. Paraguay ranked 64th globally.
Paraguay's real interest rate has experienced significant fluctuations over the past 28 years, with the all-time peak of 37.02% in 2003 and a current value of 3.75% in 2021, ranking 64th globally. The decline from the peak to the current trough is a notable trend, with the real interest rate decreasing by approximately 33.27 percentage points. This shift is comparable to that of peer country Grenada, which also experienced a substantial decline from its peak to its current level of 3.72%. The current low real interest rate in Paraguay may indicate a relatively favorable business environment, with low borrowing costs potentially stimulating economic growth. However, a rise in inflation or a tightening of monetary policy could alter this trajectory, potentially pushing the real interest rate upward and impacting the country's economic landscape.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2021 | 3.75% | −7.34pp | #64 |
| 2020 | 11.09% | −0.96pp | #89 |
| 2019 | 12.05% | −1.44pp | #100 |
| 2018 | 13.49% | −1.02pp | #106 |
| 2017 | 14.51% | +1.12pp | #121 |
| 2016 | 13.39% | −4.46pp | #116 |
| 2015 | 17.85% | +0.03pp | #117 |
| 2014 | 17.82% | +3.51pp | #129 |
| 2013 | 14.31% | +2.52pp | #127 |
| 2012 | 11.79% | +0.09pp | #120 |
| 2011 | 11.71% | −12.60pp | #124 |
| 2010 | 24.30% | −3.69pp | #133 |
| 2009 | 27.99% | +12.30pp | #120 |
| 2008 | 15.68% | +1.22pp | #129 |
| 2007 | 14.46% | −9.41pp | #121 |
Detected Pattern
Analysis
Paraguay matched the Export Boom Cycle pattern in 2017. 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
Paraguay's real interest rate was 3.75% in 2021. Ranked 64th globally. This represents a 66.2% decrease from the previous year.
Paraguay's real interest rate peaked at 37.02% in 2003.
The lowest real interest rate in Paraguay was 3.75% in 2021.
Paraguay ranks 64th globally in real interest rate as of 2021.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
The real interest rate of Paraguay in 2021 was 3.75%. This ranks 64th in the world.
Cite this page
@misc{historysaid_paraguay_real-interest-rate,
title = {Paraguay Real Interest Rate},
url = {https://historysaid.com/paraguay/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}