Dominican Republic vs Mongolia: Lending interest rate
Dominican Republic
15.3%
in 2024
Mongolia
16.0%
in 2021
Dominican Republic rank
32nd
Mongolia rank
29th
Lending interest rate over time
- Dominican Republic
- Mongolia
How they compare
Mongolia currently reports 16.0% against 15.3% in Dominican Republic, a difference of 0.7%.
The two have swapped places 2 times across 24 shared years of data; in 1998 it was Mongolia ahead.
Dominican Republic ranks 32nd and Mongolia ranks 29th of 148 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Dominican Republic | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 25.3% | 46.0% | 20.7% | Mongolia |
| 2000s | 23.9% | 29.5% | 5.6% | Mongolia |
| 2010s | 14.0% | 18.6% | 4.7% | Mongolia |
| 2020s | 10.3% | 16.5% | 6.2% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Dominican Republic or Mongolia?
- Mongolia, at 16.0% against 15.3% in Dominican Republic as of 2021.
- What is the difference in lending interest rate between Dominican Republic and Mongolia?
- 0.7%, with Mongolia ahead.
- How many years of comparable data are there for Dominican Republic and Mongolia?
- 24 years are reported by both, from 1998 to 2021.
- How do Dominican Republic and Mongolia rank globally for lending interest rate?
- Dominican Republic ranks 32nd and Mongolia ranks 29th 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.