Australia vs Mongolia: Real interest rate
Real interest rate over time
- Australia
- Mongolia
How they compare
Australia currently reports 1.6% against 1.4% in Mongolia, a difference of 0.2%.
That makes Australia's figure about 1.1 times Mongolia's.
The two have swapped places 4 times across 22 shared years of data; in 1998 it was Mongolia ahead.
Australia ranks 110th and Mongolia ranks 112th of 148 countries.
Mongolia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Australia | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 5.8% | 40.4% | 34.7% | Mongolia |
| 2000s | 3.2% | 14.7% | 11.5% | Mongolia |
| 2010s | 4.2% | 7.7% | 3.5% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real interest rate, Australia or Mongolia?
- Australia, at 1.6% against 1.4% in Mongolia as of 2019.
- What is the difference in real interest rate between Australia and Mongolia?
- 0.2%, with Australia ahead.
- How many years of comparable data are there for Australia and Mongolia?
- 22 years are reported by both, from 1998 to 2019.
- How do Australia and Mongolia rank globally for real interest rate?
- Australia ranks 110th and Mongolia ranks 112th of 148 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Real interest rate (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.