Brazil vs Nigeria: Deposit interest rate
Brazil
7.7%
in 2024
Nigeria
7.8%
in 2023
Brazil rank
29th
Nigeria rank
28th
Deposit interest rate over time
- Brazil
- Nigeria
How they compare
Nigeria currently reports 7.8% against 7.7% in Brazil, a difference of 0.1%.
The two have swapped places 6 times across 42 shared years of data; in 1982 it was Brazil ahead.
Brazil ranks 29th and Nigeria ranks 28th of 152 countries.
Brazil has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Brazil | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 1,010.1% | 10.3% | 999.8% | Brazil |
| 1990s | 2,049.4% | 14.6% | 2,034.8% | Brazil |
| 2000s | 15.5% | 12.7% | 2.8% | Brazil |
| 2010s | 9.1% | 8.3% | 0.9% | Brazil |
| 2020s | 7.7% | 5.7% | 2.0% | Brazil |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Brazil or Nigeria?
- Nigeria, at 7.8% against 7.7% in Brazil as of 2023.
- What is the difference in deposit interest rate between Brazil and Nigeria?
- 0.1%, with Nigeria ahead.
- How many years of comparable data are there for Brazil and Nigeria?
- 42 years are reported by both, from 1982 to 2023.
- How do Brazil and Nigeria rank globally for deposit interest rate?
- Brazil ranks 29th and Nigeria ranks 28th of 152 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Deposit interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.