Ukraine Real Interest Rate
Real interest rate FR.INR.RINR
Ukraine's real interest rate was 3.20% in 2025, ranked 46th globally. This represents a 50.9% decrease from 2024. Data from World Bank, covering 1992–2025.
Overview
Ukraine's real interest rate stood at 3.20% in 2025, a decline of +3.31pp from 2024. Based on recent trends, this figure is projected to reach 3.20% by 2025. Ukraine ranked 46th globally.
Ukraine’s real interest rate has risen sharply from a historic trough of –91.72 % in 1993 to an all‑time peak of 37.93 % in 1998, reflecting the volatile transition economy of the 1990s, and has since settled at 3.20 % in 2025, ranking 46th globally. Over the 34‑year series the rate has fluctuated dramatically, but the current level is close to peers such as Papua New Guinea (3.18 %) and Botswana (3.45 %). The post‑1998 decline mirrors broader macro‑stabilisation efforts, including tighter monetary policy and inflation anchoring, while the recent modest rise aligns with tighter global financing conditions. Continued fiscal consolidation and a stable inflation outlook could keep the real rate near its present range, whereas a resurgence of external shocks or domestic debt stress might push it higher, altering the trajectory.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.57% | - | - |
| 2026* trend | 4.88% | - | - |
| 2025* trend | 3.20% | - | - |
| 2025 | 3.20% | −3.31pp | #46 |
| 2024 | 6.51% | +4.64pp | #46 |
| 2023 | 1.87% | +13.95pp | #34 |
| 2022 | -12.09% | −2.86pp | #10 |
| 2021 | -9.22% | −12.85pp | #11 |
| 2020 | 3.62% | −7.07pp | #34 |
| 2019 | 10.69% | +7.57pp | #97 |
| 2018 | 3.13% | +7.81pp | #43 |
| 2017 | -4.68% | −6.51pp | #11 |
| 2016 | 1.83% | +14.11pp | #18 |
| 2015 | -12.28% | −13.85pp | #1 |
| 2014 | 1.57% | −10.26pp | #16 |
| 2013 | 11.83% | +2.19pp | #115 |
| 2012 | 9.64% | +8.09pp | #109 |
| 2011 | 1.55% | −0.39pp | #51 |
Detected Pattern
Analysis
Ukraine matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Ukraine's real interest rate was 3.20% in 2025. Ranked 46th globally. This represents a 50.9% decrease from the previous year.
Ukraine's real interest rate peaked at 37.93% in 1998.
The lowest real interest rate in Ukraine was -91.72% in 1993.
Ukraine ranks 46th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Ukraine's real interest rate is projected to reach 3.20% by 2025 based on trend extrapolation.
The real interest rate of Ukraine in 2025 was 3.20%. This ranks 46th in the world.
Cite this page
@misc{historysaid_ukraine_real-interest-rate,
title = {Ukraine Real Interest Rate},
url = {https://historysaid.com/ukraine/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}