Canada vs United States of America: Lending interest rate
Lending interest rate over time
- Canada
- United States of America
How they compare
United States of America currently reports 3.2% against 2.7% in Canada, a difference of 0.5%.
That makes United States of America's figure about 1.2 times Canada's.
The two have swapped places 7 times across 58 shared years of data; in 1960 it was Canada ahead.
Canada ranks 145th and United States of America ranks 142nd of 148 countries.
Across the 6 decades both report, Canada averaged higher in 3 and United States of America in 3.
Head to head by decade
| Decade | Canada | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 6.1% | 5.3% | 0.8% | Canada |
| 1970s | 9.0% | 8.1% | 0.9% | Canada |
| 1980s | 12.7% | 11.8% | 0.9% | Canada |
| 1990s | 7.7% | 8.0% | 0.3% | United States of America |
| 2000s | 4.9% | 6.0% | 1.0% | United States of America |
| 2010s | 2.8% | 3.4% | 0.5% | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Canada or United States of America?
- United States of America, at 3.2% against 2.7% in Canada as of 2021.
- What is the difference in lending interest rate between Canada and United States of America?
- 0.5%, with United States of America ahead.
- How many years of comparable data are there for Canada and United States of America?
- 58 years are reported by both, from 1960 to 2017.
- How do Canada and United States of America rank globally for lending interest rate?
- Canada ranks 145th and United States of America ranks 142nd 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.