Lending interest rate in Myanmar
Myanmar: Lending interest rate was 14.8% in 2020. ▼ Falling
Lending interest rate in Myanmar, 1994–2020
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Myanmar is 14.8%, measured in 2020. That is the lowest value across all 27 years on record.
That represents a change of down 7.3% on the previous year and down 29.1% over ten years.
Over the whole period, lending interest rate in Myanmar peaked at 20.9% in 2007 and was at its lowest, 14.8%, in 2020.
Myanmar ranks 34th of 149 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 27 years of available data.
Lending interest rate in Myanmar, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 20.3% | — |
| 1995 | 20.3% | +0.0% |
| 1996 | 20.3% | +0.0% |
| 1997 | 20.3% | +0.0% |
| 1998 | 20.3% | +0.0% |
| 1999 | 19.8% | -2.3% |
| 2000 | 18.8% | -5.4% |
| 2001 | 18.5% | -1.6% |
| 2002 | 18.5% | +0.0% |
| 2003 | 18.5% | +0.0% |
| 2004 | 18.5% | +0.0% |
| 2005 | 18.5% | +0.0% |
| 2006 | 19.8% | +7.2% |
| 2007 | 20.9% | +5.7% |
| 2008 | 20.9% | +0.0% |
| 2009 | 20.9% | +0.0% |
| 2010 | 20.9% | +0.0% |
| 2011 | 20.1% | -3.9% |
| 2012 | 16.0% | -20.4% |
| 2013 | 16.0% | +0.0% |
| 2014 | 16.0% | +0.0% |
| 2015 | 16.0% | +0.0% |
| 2016 | 16.0% | +0.0% |
| 2017 | 16.0% | +0.0% |
| 2018 | 16.0% | +0.0% |
| 2019 | 16.0% | +0.0% |
| 2020 | 14.8% | -7.3% |
Myanmar compared with similar countries
- Myanmar's 14.8% is above the median for lower middle income countries, which is 11.1%, 1.3× the median. (38 countries reporting)
- Myanmar's 14.8% is above the median for East Asia & Pacific, which is 5.5%, 2.7× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 20.2% | 19.8% | 20.3% | 6 |
| 2000s | 19.4% | 18.5% | 20.9% | 10 |
| 2010s | 16.9% | 16.0% | 20.9% | 10 |
| 2020s | 14.8% | 14.8% | 14.8% | 1 |
Countries ranked near Myanmar
- 31 Azerbaijan 15.3% compare
- 32 Dominican Republic 15.3% compare
- 33 Afghanistan 14.8% compare
- 35 Suriname 14.5% compare
- 36 Colombia 14.3% compare
- 37 South Sudan 14.3% compare
More financial sector data for Myanmar
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1985)
- 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 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1985)
- 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 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1985)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1985)
Frequently asked questions
- What is lending interest rate in Myanmar?
- Lending interest rate in Myanmar was 14.8% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Myanmar?
- The highest recorded value was 20.9% in 2007.
- What is the lowest lending interest rate recorded in Myanmar?
- The lowest recorded value was 14.8% in 2020.
- How does Myanmar rank for lending interest rate?
- Myanmar ranks 34th out of 149 countries with data for 2020.
- Is lending interest rate rising or falling in Myanmar?
- Over the last ten years it is down 29.1%. The long-run trend across the full record is falling.
- Where does this Myanmar 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
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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.