Liberia vs Nigeria: Lending interest rate
Lending interest rate over time
- Liberia
- Nigeria
How they compare
Nigeria currently reports 14.0% against 13.3% in Liberia, a difference of 0.7%.
That makes Nigeria's figure about 1.1 times Liberia's.
The two have swapped places 3 times across 35 shared years of data; in 1981 it was Liberia ahead.
Liberia ranks 40th and Nigeria ranks 38th of 148 countries.
Across the 4 decades both report, Liberia averaged higher in 1 and Nigeria in 3.
Head to head by decade
| Decade | Liberia | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 16.6% | 12.1% | 4.5% | Liberia |
| 1990s | 16.2% | 20.2% | 4.0% | Nigeria |
| 2000s | 17.4% | 19.5% | 2.1% | Nigeria |
| 2010s | 13.6% | 16.9% | 3.2% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Liberia or Nigeria?
- Nigeria, at 14.0% against 13.3% in Liberia as of 2023.
- What is the difference in lending interest rate between Liberia and Nigeria?
- 0.7%, with Nigeria ahead.
- How many years of comparable data are there for Liberia and Nigeria?
- 35 years are reported by both, from 1981 to 2017.
- How do Liberia and Nigeria rank globally for lending interest rate?
- Liberia ranks 40th and Nigeria ranks 38th 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.