Australia vs New Zealand: Lending interest rate
Lending interest rate over time
- Australia
- New Zealand
How they compare
Australia currently reports 5.1% against 4.8% in New Zealand, a difference of 0.3%.
That makes Australia's figure about 1.1 times New Zealand's.
The two have swapped places 3 times across 20 shared years of data; in 1998 it was New Zealand ahead.
Australia ranks 124th and New Zealand ranks 127th of 149 countries.
Across the 3 decades both report, Australia averaged higher in 1 and New Zealand in 2.
Head to head by decade
| Decade | Australia | New Zealand | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.6% | 8.0% | 1.4% | New Zealand |
| 2000s | 7.3% | 7.7% | 0.4% | New Zealand |
| 2010s | 6.3% | 5.6% | 0.7% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Australia or New Zealand?
- Australia, at 5.1% against 4.8% in New Zealand as of 2019.
- What is the difference in lending interest rate between Australia and New Zealand?
- 0.3%, with Australia ahead.
- How many years of comparable data are there for Australia and New Zealand?
- 20 years are reported by both, from 1998 to 2017.
- How do Australia and New Zealand rank globally for lending interest rate?
- Australia ranks 124th and New Zealand ranks 127th of 149 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Lending interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.