Deposit interest rate in Botswana
Botswana: Deposit interest rate was 2.4% in 2024. ◆ Volatile
Deposit interest rate in Botswana, 1980–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, deposit interest rate in Botswana stood at 2.4%.
Compared with earlier readings it is down 20.3% on the previous year and down 7.2% over ten years.
Over the whole period, deposit interest rate in Botswana peaked at 13.5% in 1993 and was at its lowest, 1.4%, in 2021.
Botswana ranks 103rd of 153 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate in Botswana, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 5.0% | — |
| 1981 | 8.7% | +73.3% |
| 1982 | 10.8% | +24.0% |
| 1983 | 11.9% | +10.5% |
| 1984 | 10.0% | -15.8% |
| 1985 | 9.0% | -10.0% |
| 1986 | 8.7% | -3.7% |
| 1987 | 7.5% | -13.5% |
| 1988 | 5.0% | -33.3% |
| 1989 | 5.6% | +11.7% |
| 1990 | 6.1% | +9.5% |
| 1991 | 11.4% | +86.4% |
| 1992 | 12.5% | +9.6% |
| 1993 | 13.5% | +7.9% |
| 1994 | 10.6% | -21.5% |
| 1995 | 9.8% | -7.6% |
| 1996 | 9.7% | -1.1% |
| 1997 | 9.5% | -1.7% |
| 1998 | 8.4% | -11.4% |
| 1999 | 9.1% | +7.9% |
| 2000 | 9.4% | +3.5% |
| 2001 | 10.1% | +7.1% |
| 2002 | 10.5% | +3.6% |
| 2003 | 9.9% | -4.9% |
| 2004 | 9.9% | -0.9% |
| 2005 | 9.3% | -6.1% |
| 2006 | 8.9% | -4.1% |
| 2007 | 8.6% | -2.8% |
| 2008 | 8.7% | +0.6% |
| 2009 | 7.5% | -13.9% |
| 2010 | 5.6% | -25.1% |
| 2011 | 5.1% | -8.0% |
| 2012 | 3.6% | -29.9% |
| 2013 | 3.1% | -13.8% |
| 2014 | 2.5% | -18.5% |
| 2015 | 2.5% | -1.3% |
| 2016 | 2.1% | -15.2% |
| 2017 | 1.4% | -32.0% |
| 2018 | 1.5% | +5.3% |
| 2019 | 1.6% | +4.8% |
| 2020 | 1.6% | -2.2% |
| 2021 | 1.4% | -8.0% |
| 2022 | 1.5% | +4.1% |
| 2023 | 2.9% | +97.6% |
| 2024 | 2.4% | -20.3% |
Botswana compared with similar countries
- Botswana's 2.4% is below the median for upper middle income countries, which is 4.1%, 58% of the median. (53 countries reporting)
- Botswana's 2.4% is below the median for Sub-Saharan Africa, which is 5.7%, 41% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate in Botswana changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2023 | +97.6% | 1.5% | 2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.2% | 5.0% | 11.9% | 10 |
| 1990s | 10.1% | 6.1% | 13.5% | 10 |
| 2000s | 9.3% | 7.5% | 10.5% | 10 |
| 2010s | 2.9% | 1.4% | 5.6% | 10 |
| 2020s | 2.0% | 1.4% | 2.9% | 5 |
Countries ranked near Botswana
- 101 Netherlands 2.4% compare
- 102 Malaysia 2.4% compare
- 104 Nicaragua 2.3% compare
- 105 Palestine 2.2% compare
- 106 Saint Kitts and Nevis 2.1% compare
More financial sector data for Botswana
- Reserve position in the IMF, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 26.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.0848 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 19.45 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 26.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.0848 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Botswana?
- Deposit interest rate in Botswana was 2.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Botswana?
- The highest recorded value was 13.5% in 1993.
- What is the lowest deposit interest rate recorded in Botswana?
- The lowest recorded value was 1.4% in 2021.
- How does Botswana rank for deposit interest rate?
- Botswana ranks 103rd out of 153 countries with data for 2024.
- Is deposit interest rate rising or falling in Botswana?
- Over the last ten years it is down 7.2%. The long-run trend across the full record is volatile.
- Where does this Botswana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.