Here are interest rates for every country and how much they changed in 2018

Did interest rates rise or fall globally in 2018?

Interest Rate Map 20181228Interest Rate Map 20181228 excluding Argentina

 

The countries that ended 2018 with the highest interest rates were:

  • Argentina 59.38%
  • Suriname 25%
  • Turkey 24%
  • Venezuela 20.84%
  • Haiti 20%

The countries that ended 2018 with zero or negative interest rates were:

  • Austria, Belgium, Bulgaria, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain 0%
  • Japan -0.1%
  • Sweden -0.25%
  • Denmark -0.65%
  • Switzerland -0.75%

 

The three countries where interest rates were hiked the most in 2018 were:

  • Argentina up 32.13%
  • Turkey up 16%
  • Pakistan up 4%

The three countries where interest rates were reduced the most in 2018 were:

  • Azerbaijan down 3.25%
  • Mozambique down 3.75%
  • Congo down 6%

 

Some other interesting insights:

  • Interest rates were hiked in 43 countries in 2018 and were reduced in 34 countries in 2018
  • The average global interest rate in the world at the end of 2018 was 5.96% and at the beginning at 2018 was 5.69%, a change of +0.27% over the year
  • Excluding Turkey and Argentina, interest rates have fallen by an average of 0.03% globally in 2018

Interest Rate Map 2018 ChangeInterest Rate Map 2018 Change excluding Argentina and Turkey

 

Interest Rates 2018 changes table

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