Mongolia vs Rwanda: Lending interest rate
Mongolia
16.0%
in 2021
Rwanda
16.0%
in 2024
Mongolia rank
29th
Rwanda rank
28th
Lending interest rate over time
- Mongolia
- Rwanda
How they compare
Rwanda currently reports 16.0% against 16.0% in Mongolia, a difference of 0.0%.
The two have swapped places 3 times across 24 shared years of data; in 1998 it was Mongolia ahead.
Mongolia ranks 29th and Rwanda ranks 28th of 148 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Mongolia | Rwanda | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 46.0% | 16.0% | 30.0% | Mongolia |
| 2000s | 29.5% | 16.2% | 13.3% | Mongolia |
| 2010s | 18.6% | 17.0% | 1.6% | Mongolia |
| 2020s | 16.5% | 16.3% | 0.2% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Mongolia or Rwanda?
- Rwanda, at 16.0% against 16.0% in Mongolia as of 2024.
- What is the difference in lending interest rate between Mongolia and Rwanda?
- 0.0%, with Rwanda ahead.
- How many years of comparable data are there for Mongolia and Rwanda?
- 24 years are reported by both, from 1998 to 2021.
- How do Mongolia and Rwanda rank globally for lending interest rate?
- Mongolia ranks 29th and Rwanda ranks 28th 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.