Lending interest rate in Botswana
Botswana: Lending interest rate was 6.3% in 2024. ▼ Falling
Lending interest rate in Botswana, 1980–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2024, lending interest rate in Botswana stood at 6.3%.
The figure is down 7.1% on the previous year and down 30.4% over ten years.
Over the whole period, lending interest rate in Botswana peaked at 24.2% in 1982 and was at its lowest, 5.2%, in 2021.
Botswana ranks 101st of 149 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 45 years of available data.
Lending interest rate in Botswana, year by year
| Year | % | Change |
|---|---|---|
| 1980 | 8.5% | — |
| 1981 | 9.6% | +13.6% |
| 1982 | 24.2% | +151.5% |
| 1983 | 13.4% | -44.8% |
| 1984 | 12.0% | -10.3% |
| 1985 | 11.5% | -4.2% |
| 1986 | 11.0% | -4.3% |
| 1987 | 10.0% | -9.1% |
| 1988 | 7.8% | -21.7% |
| 1989 | 7.7% | -2.1% |
| 1990 | 7.9% | +2.7% |
| 1991 | 11.8% | +50.3% |
| 1992 | 14.0% | +18.3% |
| 1993 | 14.9% | +6.5% |
| 1994 | 13.9% | -6.7% |
| 1995 | 14.4% | +3.6% |
| 1996 | 14.5% | +0.6% |
| 1997 | 13.9% | -3.8% |
| 1998 | 13.7% | -2.1% |
| 1999 | 14.8% | +8.2% |
| 2000 | 15.5% | +4.8% |
| 2001 | 15.8% | +1.7% |
| 2002 | 16.2% | +2.9% |
| 2003 | 16.4% | +1.2% |
| 2004 | 15.8% | -4.0% |
| 2005 | 15.7% | -0.1% |
| 2006 | 16.5% | +4.6% |
| 2007 | 16.2% | -1.5% |
| 2008 | 16.5% | +2.0% |
| 2009 | 13.8% | -16.8% |
| 2010 | 11.5% | -16.7% |
| 2011 | 11.0% | -4.0% |
| 2012 | 11.0% | +0.0% |
| 2013 | 10.2% | -7.4% |
| 2014 | 9.0% | -11.7% |
| 2015 | 8.0% | -11.7% |
| 2016 | 7.3% | -8.2% |
| 2017 | 6.9% | -5.8% |
| 2018 | 6.5% | -5.5% |
| 2019 | 6.4% | -1.6% |
| 2020 | 5.8% | -10.1% |
| 2021 | 5.2% | -8.7% |
| 2022 | 6.1% | +16.8% |
| 2023 | 6.7% | +9.9% |
| 2024 | 6.3% | -7.1% |
Botswana compared with similar countries
- Botswana's 6.3% is below the median for upper middle income countries, which is 8.8%, 71% of the median. (49 countries reporting)
- Botswana's 6.3% is below the median for Sub-Saharan Africa, which is 12.4%, 51% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Lending 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 |
|---|---|---|---|
| 1982 | +151.5% | 9.6% | 24.2% |
| 1991 | +50.3% | 7.9% | 11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.6% | 7.7% | 24.2% | 10 |
| 1990s | 13.4% | 7.9% | 14.9% | 10 |
| 2000s | 15.8% | 13.8% | 16.5% | 10 |
| 2010s | 8.8% | 6.4% | 11.5% | 10 |
| 2020s | 6.0% | 5.2% | 6.7% | 5 |
Countries ranked near Botswana
- 98 Albania 6.4% compare
- 99 Antigua and Barbuda 6.4% compare
- 100 Montenegro 6.3% compare
- 102 Saint Lucia 6.3% compare
- 103 Benin 6.2% compare
- 103 Burkina Faso 6.2% 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 lending interest rate in Botswana?
- Lending interest rate in Botswana was 6.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Botswana?
- The highest recorded value was 24.2% in 1982.
- What is the lowest lending interest rate recorded in Botswana?
- The lowest recorded value was 5.2% in 2021.
- How does Botswana rank for lending interest rate?
- Botswana ranks 101st out of 149 countries with data for 2024.
- Is lending interest rate rising or falling in Botswana?
- Over the last ten years it is down 30.4%. The long-run trend across the full record is falling.
- Where does this Botswana data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending 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
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.