Zambia Deposit Rate
Deposit interest rate FR.INR.DPST
Zambia's deposit rate was 8.72% in 2020, ranked 106th globally. This represents a 5.2% increase from 2019. Data from World Bank, covering 1978–2020.
Overview
Zambia's deposit rate stood at 8.72% in 2020, a rise of +0.43pp from 2019. Zambia ranked 106th globally.
Zambia’s deposit rate stood at 8.72 % in 2020, placing it 106th in the world and just above peers such as Azerbaijan (8.69 %) and Honduras (8.13 %). The rate has oscillated markedly over the 43‑year series, rising from a low of 6.00 % in 1982 to an extraordinary peak of 88.13 % in 1993, a period associated with severe macro‑economic instability and hyperinflation. Since the early 1990s, the rate has gradually retreated, stabilising in the high‑single‑digit range after a prolonged decline from the 1990s‑2000s surge. The modest increase from the earliest recorded 6.25 % in 1978 to the current level reflects a cautious monetary stance aimed at balancing liquidity provision with inflation control. Future movements will likely hinge on the Reserve Bank’s policy response to credit growth and external financing conditions; a sustained improvement in fiscal health could temper rates further, while heightened inflationary pressures might reverse the downward trend.
Data & projection
| Year | Deposit Rate | YoY change | Rank |
|---|---|---|---|
| 2020 | 8.72% | +0.43pp | #106 |
| 2019 | 8.29% | +1.49pp | #100 |
| 2018 | 6.80% | −2.09pp | #95 |
| 2017 | 8.89% | −1.90pp | #120 |
| 2016 | 10.78% | +1.79pp | #126 |
| 2015 | 8.99% | +1.12pp | #120 |
| 2014 | 7.88% | +1.39pp | #116 |
| 2013 | 6.49% | −0.51pp | #101 |
| 2012 | 7.00% | −0.02pp | #98 |
| 2011 | 7.02% | −0.38pp | #99 |
| 2010 | 7.40% | +0.31pp | #100 |
| 2009 | 7.09% | +0.54pp | #82 |
| 2008 | 6.55% | −2.67pp | #77 |
| 2007 | 9.22% | −1.11pp | #114 |
| 2006 | 10.33% | −0.86pp | #120 |
Detected Pattern
Analysis
Zambia matched the Export Boom Cycle pattern in 2021. Historically, 71% of countries showing this pattern (546 out of 768) saw deposit rate improve within 24 months. View full analysis →
Frequently Asked Questions
Zambia's deposit rate was 8.72% in 2020. Ranked 106th globally. This represents a 5.2% increase from the previous year.
Zambia's deposit rate peaked at 88.13% in 1993.
The lowest deposit rate in Zambia was 6.00% in 1982.
Zambia ranks 106th globally in deposit rate as of 2020.
The World Bank indicator code is FR.INR.DPST. Data sourced from World Bank.
The deposit rate of Zambia in 2020 was 8.72%. This ranks 106th in the world.
Cite this page
@misc{historysaid_zambia_deposit-rate,
title = {Zambia Deposit Rate},
url = {https://historysaid.com/zambia/deposit-rate/},
publisher = {HistorySaid},
year = {2026}
}