Kenya vs Mongolia: Lending interest rate
Kenya
16.6%
in 2024
Mongolia
16.0%
in 2021
Kenya rank
27th
Mongolia rank
29th
Lending interest rate over time
- Kenya
- Mongolia
How they compare
Kenya currently reports 16.6% against 16.0% in Mongolia, a difference of 0.6%.
The two have swapped places 2 times across 24 shared years of data; in 1998 it was Mongolia ahead.
Kenya ranks 27th 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 | Kenya | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 25.9% | 46.0% | 20.1% | Mongolia |
| 2000s | 15.8% | 29.5% | 13.7% | Mongolia |
| 2010s | 15.5% | 18.6% | 3.2% | Mongolia |
| 2020s | 12.0% | 16.5% | 4.4% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Kenya or Mongolia?
- Kenya, at 16.6% against 16.0% in Mongolia as of 2024.
- What is the difference in lending interest rate between Kenya and Mongolia?
- 0.6%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Mongolia?
- 24 years are reported by both, from 1998 to 2021.
- How do Kenya and Mongolia rank globally for lending interest rate?
- Kenya ranks 27th 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.