Mongolia vs Tanzania: Lending interest rate
Mongolia
16.0%
in 2021
Tanzania
16.7%
in 2020
Mongolia rank
29th
Tanzania rank
26th
Lending interest rate over time
- Mongolia
- Tanzania
How they compare
Tanzania currently reports 16.7% against 16.0% in Mongolia, a difference of 0.7%.
Across all 23 years both countries report, Mongolia has been ahead every year.
Mongolia ranks 29th and Tanzania ranks 26th of 148 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Mongolia | Tanzania | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 46.0% | 22.4% | 23.6% | Mongolia |
| 2000s | 29.5% | 16.4% | 13.1% | Mongolia |
| 2010s | 18.6% | 16.1% | 2.5% | Mongolia |
| 2020s | 16.9% | 16.7% | 0.3% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher lending interest rate, Mongolia or Tanzania?
- Tanzania, at 16.7% against 16.0% in Mongolia as of 2020.
- What is the difference in lending interest rate between Mongolia and Tanzania?
- 0.7%, with Tanzania ahead.
- How many years of comparable data are there for Mongolia and Tanzania?
- 23 years are reported by both, from 1998 to 2020.
- How do Mongolia and Tanzania rank globally for lending interest rate?
- Mongolia ranks 29th and 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.