Deposit interest rate (%) in Venezuela
Venezuela: Deposit interest rate (%) was 14.7% in 2017. ◆ Volatile
Deposit interest rate in Venezuela, 1984–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2017, deposit interest rate in Venezuela stood at 14.7%.
The figure is down 2.3% on the previous year and up 37.6% over ten years.
Over the whole period, deposit interest rate in Venezuela peaked at 53.7% in 1993 and was at its lowest, 8.9%, in 1986.
Venezuela ranks 7th of 153 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Venezuela, year by year
| Year | % | Change |
|---|---|---|
| 1984 | 12.3% | — |
| 1985 | 10.5% | -14.4% |
| 1986 | 8.9% | -15.1% |
| 1987 | 8.9% | +0.2% |
| 1988 | 8.9% | +0.1% |
| 1989 | 28.9% | +223.1% |
| 1990 | 27.8% | -3.8% |
| 1991 | 31.1% | +11.8% |
| 1992 | 35.4% | +13.9% |
| 1993 | 53.7% | +51.7% |
| 1994 | 39.0% | -27.4% |
| 1995 | 24.7% | -36.7% |
| 1996 | 27.6% | +11.6% |
| 1997 | 14.7% | -46.7% |
| 1998 | 34.8% | +137.1% |
| 1999 | 21.3% | -38.9% |
| 2000 | 16.3% | -23.4% |
| 2001 | 15.5% | -4.8% |
| 2002 | 29.0% | +87.0% |
| 2003 | 17.2% | -40.7% |
| 2004 | 12.6% | -26.8% |
| 2005 | 11.6% | -7.7% |
| 2006 | 10.3% | -11.7% |
| 2007 | 10.7% | +4.3% |
| 2008 | 16.2% | +50.9% |
| 2009 | 16.4% | +1.6% |
| 2010 | 14.8% | -9.8% |
| 2011 | 14.6% | -1.4% |
| 2012 | 14.5% | -0.6% |
| 2013 | 14.5% | -0.0% |
| 2014 | 14.7% | +1.2% |
| 2015 | 14.9% | +1.4% |
| 2016 | 15.1% | +1.3% |
| 2017 | 14.7% | -2.3% |
Venezuela compared with similar countries
- Venezuela's 14.7% is above the median for lower middle income countries, which is 5.2%, 2.8× the median. (42 countries reporting)
- Venezuela's 14.7% is above the median for Latin America & Caribbean, which is 3.4%, 4.3× the median. (32 countries reporting)
Biggest year-on-year movements
Years where Deposit interest rate (%) in Venezuela 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 |
|---|---|---|---|
| 1989 | +223.1% | 8.9% | 28.9% |
| 1998 | +137.1% | 14.7% | 34.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.1% | 8.9% | 28.9% | 6 |
| 1990s | 31.0% | 14.7% | 53.7% | 10 |
| 2000s | 15.6% | 10.3% | 29.0% | 10 |
| 2010s | 14.7% | 14.5% | 15.1% | 8 |
Countries ranked near Venezuela
More financial sector data for Venezuela
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 12.24 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 8.94 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0035 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 12.24 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is deposit interest rate in Venezuela?
- Deposit interest rate in Venezuela was 14.7% in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Venezuela?
- The highest recorded value was 53.7% in 1993.
- What is the lowest deposit interest rate recorded in Venezuela?
- The lowest recorded value was 8.9% in 1986.
- How does Venezuela rank for deposit interest rate?
- Venezuela ranks 7th out of 153 countries with data for 2017.
- Is deposit interest rate rising or falling in Venezuela?
- Over the last ten years it is up 37.6%. The long-run trend across the full record is volatile.
- Where does this Venezuela 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.
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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.