Kenya vs United Republic of Tanzania: Lending interest rate
Lending interest rate over time
- Kenya
- United Republic of Tanzania
How they compare
United Republic of Tanzania currently reports 16.7% against 16.6% in Kenya, a difference of 0.1%.
The two have swapped places 10 times across 29 shared years of data; in 1992 it was United Republic of Tanzania ahead.
Kenya ranks 27th and United Republic of Tanzania ranks 26th of 148 countries.
Across the 4 decades both report, Kenya averaged higher in 1 and United Republic of Tanzania in 3.
Head to head by decade
| Decade | Kenya | United Republic of Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 29.0% | 29.0% | 0.0% | Kenya |
| 2000s | 15.8% | 16.4% | 0.5% | United Republic of Tanzania |
| 2010s | 15.5% | 16.1% | 0.7% | United Republic of Tanzania |
| 2020s | 12.0% | 16.7% | 4.7% | United Republic of Tanzania |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Kenya or United Republic of Tanzania?
- United Republic of Tanzania, at 16.7% against 16.6% in Kenya as of 2020.
- What is the difference in lending interest rate between Kenya and United Republic of Tanzania?
- 0.1%, with United Republic of Tanzania ahead.
- How many years of comparable data are there for Kenya and United Republic of Tanzania?
- 29 years are reported by both, from 1992 to 2020.
- How do Kenya and United Republic of Tanzania rank globally for lending interest rate?
- Kenya ranks 27th and United Republic of Tanzania ranks 26th 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.