Deposit interest rate (%) in Zambia
Zambia: Deposit interest rate (%) was 8.7% in 2020. ◆ Volatile
Deposit interest rate in Zambia, 1978–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for deposit interest rate in Zambia is 8.7%, measured in 2020.
The figure is up 5.2% on the previous year and up 17.8% over ten years.
Over the whole period, deposit interest rate in Zambia peaked at 88.1% in 1993 and was at its lowest, 6.0%, in 1982.
Zambia ranks 25th of 153 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit interest rate (%) in Zambia, year by year
| Year | % | Change |
|---|---|---|
| 1978 | 6.2% | — |
| 1979 | 6.8% | +8.0% |
| 1980 | 7.0% | +3.7% |
| 1981 | 6.2% | -11.9% |
| 1982 | 6.0% | -2.7% |
| 1983 | 7.0% | +16.7% |
| 1984 | 7.7% | +10.1% |
| 1985 | 15.3% | +98.9% |
| 1986 | 17.7% | +15.7% |
| 1987 | 13.2% | -25.4% |
| 1988 | 11.4% | -13.6% |
| 1989 | 11.4% | +0.0% |
| 1990 | 25.7% | +124.3% |
| 1991 | 31.5% | +22.8% |
| 1992 | 48.5% | +54.0% |
| 1993 | 88.1% | +81.7% |
| 1994 | 46.1% | -47.6% |
| 1995 | 30.2% | -34.5% |
| 1996 | 42.1% | +39.3% |
| 1997 | 34.5% | -18.2% |
| 1998 | 13.1% | -62.0% |
| 1999 | 20.3% | +54.9% |
| 2000 | 20.2% | -0.1% |
| 2001 | 23.4% | +15.6% |
| 2002 | 23.3% | -0.4% |
| 2003 | 21.9% | -5.9% |
| 2004 | 11.5% | -47.6% |
| 2005 | 11.2% | -2.8% |
| 2006 | 10.3% | -7.7% |
| 2007 | 9.2% | -10.7% |
| 2008 | 6.6% | -28.9% |
| 2009 | 7.1% | +8.2% |
| 2010 | 7.4% | +4.4% |
| 2011 | 7.0% | -5.1% |
| 2012 | 7.0% | -0.3% |
| 2013 | 6.5% | -7.3% |
| 2014 | 7.9% | +21.4% |
| 2015 | 9.0% | +14.2% |
| 2016 | 10.8% | +19.9% |
| 2017 | 8.9% | -17.6% |
| 2018 | 6.8% | -23.5% |
| 2019 | 8.3% | +21.9% |
| 2020 | 8.7% | +5.2% |
Zambia compared with similar countries
- Zambia's 8.7% is above the median for lower middle income countries, which is 5.2%, 1.7× the median. (42 countries reporting)
- Zambia's 8.7% is above the median for Sub-Saharan Africa, which is 5.7%, 1.5× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.5% | 6.2% | 6.8% | 2 |
| 1980s | 10.3% | 6.0% | 17.7% | 10 |
| 1990s | 38.0% | 13.1% | 88.1% | 10 |
| 2000s | 14.5% | 6.6% | 23.4% | 10 |
| 2010s | 8.0% | 6.5% | 10.8% | 10 |
| 2020s | 8.7% | 8.7% | 8.7% | 1 |
Countries ranked near Zambia
More financial sector data for Zambia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0011 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0008 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0011 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 Zambia?
- Deposit interest rate in Zambia was 8.7% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Zambia?
- The highest recorded value was 88.1% in 1993.
- What is the lowest deposit interest rate recorded in Zambia?
- The lowest recorded value was 6.0% in 1982.
- How does Zambia rank for deposit interest rate?
- Zambia ranks 25th out of 153 countries with data for 2020.
- Is deposit interest rate rising or falling in Zambia?
- Over the last ten years it is up 17.8%. The long-run trend across the full record is volatile.
- Where does this Zambia 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.