Canada vs United Kingdom: Lending interest rate
Lending interest rate over time
- Canada
- United Kingdom
How they compare
Canada currently reports 2.7% against 0.5% in United Kingdom, a difference of 2.2%.
That makes Canada's figure about 5.4 times United Kingdom's.
The two have swapped places 14 times across 48 shared years of data; in 1967 it was Canada ahead.
Canada ranks 145th and United Kingdom ranks 148th of 148 countries.
Across the 6 decades both report, Canada averaged higher in 4 and United Kingdom in 2.
Head to head by decade
| Decade | Canada | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.9% | 6.1% | 0.8% | Canada |
| 1970s | 9.0% | 9.3% | 0.3% | United Kingdom |
| 1980s | 12.7% | 11.8% | 1.0% | Canada |
| 1990s | 7.7% | 7.9% | 0.2% | United Kingdom |
| 2000s | 4.9% | 4.3% | 0.6% | Canada |
| 2010s | 2.9% | 0.5% | 2.4% | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Canada or United Kingdom?
- Canada, at 2.7% against 0.5% in United Kingdom as of 2017.
- What is the difference in lending interest rate between Canada and United Kingdom?
- 2.2%, with Canada ahead.
- How many years of comparable data are there for Canada and United Kingdom?
- 48 years are reported by both, from 1967 to 2014.
- How do Canada and United Kingdom rank globally for lending interest rate?
- Canada ranks 145th and United Kingdom ranks 148th 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.