Egypt vs Somalia: Lending interest rate
Egypt
24.3%
in 2024
Somalia
33.7%
in 1988
Egypt rank
7th
Somalia rank
6th
Lending interest rate over time
- Egypt
- Somalia
How they compare
Somalia currently reports 33.7% against 24.3% in Egypt, a difference of 9.4%.
That makes Somalia's figure about 1.4 times Egypt's.
The two have swapped places 1 time across 13 shared years of data; in 1976 it was Egypt ahead.
Egypt ranks 7th and Somalia ranks 6th of 148 countries.
Across the 2 decades both report, Egypt averaged higher in 1 and Somalia in 1.
Head to head by decade
| Decade | Egypt | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 9.8% | 7.1% | 2.6% | Egypt |
| 1980s | 15.2% | 16.5% | 1.3% | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Egypt or Somalia?
- Somalia, at 33.7% against 24.3% in Egypt as of 1988.
- What is the difference in lending interest rate between Egypt and Somalia?
- 9.4%, with Somalia ahead.
- How many years of comparable data are there for Egypt and Somalia?
- 13 years are reported by both, from 1976 to 1988.
- How do Egypt and Somalia rank globally for lending interest rate?
- Egypt ranks 7th and Somalia ranks 6th 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.