Nigeria vs Sri Lanka: Deposit interest rate
Nigeria
7.8%
in 2023
Sri Lanka
8.7%
in 2019
Nigeria rank
28th
Sri Lanka rank
25th
Deposit interest rate over time
- Nigeria
- Sri Lanka
How they compare
Sri Lanka currently reports 8.7% against 7.8% in Nigeria, a difference of 0.9%.
That makes Sri Lanka's figure about 1.1 times Nigeria's.
The two have swapped places 2 times across 19 shared years of data; in 2001 it was Nigeria ahead.
Nigeria ranks 28th and Sri Lanka ranks 25th of 152 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 12.8% | 8.2% | 4.6% | Nigeria |
| 2010s | 8.3% | 7.9% | 0.3% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher deposit interest rate, Nigeria or Sri Lanka?
- Sri Lanka, at 8.7% against 7.8% in Nigeria as of 2019.
- What is the difference in deposit interest rate between Nigeria and Sri Lanka?
- 0.9%, with Sri Lanka ahead.
- How many years of comparable data are there for Nigeria and Sri Lanka?
- 19 years are reported by both, from 2001 to 2019.
- How do Nigeria and Sri Lanka rank globally for deposit interest rate?
- Nigeria ranks 28th and Sri Lanka ranks 25th 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.