Canada vs Japan: Lending interest rate
Canada
2.7%
in 2017
Japan
1.0%
in 2017
Canada rank
145th
Japan rank
147th
Lending interest rate over time
- Canada
- Japan
How they compare
Canada currently reports 2.7% against 1.0% in Japan, a difference of 1.7%.
That makes Canada's figure about 2.7 times Japan's.
Across all 25 years both countries report, Canada has been ahead every year.
Canada ranks 145th and Japan ranks 147th of 148 countries.
Canada has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Canada | Japan | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.5% | 3.2% | 3.3% | Canada |
| 2000s | 4.9% | 1.8% | 3.1% | Canada |
| 2010s | 2.8% | 1.3% | 1.6% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Canada or Japan?
- Canada, at 2.7% against 1.0% in Japan as of 2017.
- What is the difference in lending interest rate between Canada and Japan?
- 1.7%, with Canada ahead.
- How many years of comparable data are there for Canada and Japan?
- 25 years are reported by both, from 1993 to 2017.
- How do Canada and Japan rank globally for lending interest rate?
- Canada ranks 145th and Japan ranks 147th of 148 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.