Malawi vs Somalia: Lending interest rate
Malawi
37.1%
in 2024
Somalia
33.7%
in 1988
Malawi rank
5th
Somalia rank
6th
Lending interest rate over time
- Malawi
- Somalia
How they compare
Malawi currently reports 37.1% against 33.7% in Somalia, a difference of 3.4%.
That makes Malawi's figure about 1.1 times Somalia's.
The two have swapped places 1 time across 10 shared years of data; in 1979 it was Malawi ahead.
Malawi ranks 5th and Somalia ranks 6th of 148 countries.
Malawi has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Malawi | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 16.5% | 7.5% | 9.0% | Malawi |
| 1980s | 18.6% | 16.5% | 2.2% | Malawi |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Malawi or Somalia?
- Malawi, at 37.1% against 33.7% in Somalia as of 2024.
- What is the difference in lending interest rate between Malawi and Somalia?
- 3.4%, with Malawi ahead.
- How many years of comparable data are there for Malawi and Somalia?
- 10 years are reported by both, from 1979 to 1988.
- How do Malawi and Somalia rank globally for lending interest rate?
- Malawi ranks 5th 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.