Lending interest rate in Namibia
Namibia: Lending interest rate was 11.0% in 2024. ▼ Falling
Lending interest rate in Namibia, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Namibia recorded 11.0% for lending interest rate in 2024.
That represents a change of up 0.3% on the previous year and up 26.0% over ten years.
Over the whole period, lending interest rate in Namibia peaked at 23.4% in 1991 and was at its lowest, 6.9%, in 2021.
That places Namibia 55th out of 149 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Lending interest rate in Namibia, year by year
| Year | % | Change |
|---|---|---|
| 1991 | 23.4% | — |
| 1992 | 20.2% | -13.5% |
| 1993 | 18.0% | -10.8% |
| 1994 | 17.1% | -5.4% |
| 1995 | 18.5% | +8.5% |
| 1996 | 19.2% | +3.5% |
| 1997 | 20.2% | +5.3% |
| 1998 | 20.7% | +2.7% |
| 1999 | 18.5% | -10.8% |
| 2000 | 15.3% | -17.3% |
| 2001 | 14.5% | -4.9% |
| 2002 | 13.8% | -4.8% |
| 2003 | 14.7% | +6.2% |
| 2004 | 11.4% | -22.5% |
| 2005 | 10.6% | -6.8% |
| 2006 | 11.2% | +5.4% |
| 2007 | 12.9% | +15.2% |
| 2008 | 13.7% | +6.6% |
| 2009 | 11.1% | -19.1% |
| 2010 | 9.7% | -12.6% |
| 2011 | 8.7% | -10.2% |
| 2012 | 8.7% | -0.9% |
| 2013 | 8.3% | -4.2% |
| 2014 | 8.7% | +4.9% |
| 2015 | 9.3% | +7.2% |
| 2016 | 9.8% | +5.6% |
| 2017 | 10.0% | +1.9% |
| 2018 | 10.1% | +1.2% |
| 2019 | 9.9% | -2.6% |
| 2020 | 7.9% | -20.3% |
| 2021 | 6.9% | -12.8% |
| 2022 | 8.6% | +25.5% |
| 2023 | 10.9% | +26.9% |
| 2024 | 11.0% | +0.3% |
Namibia compared with similar countries
- Namibia's 11.0% is below the median for lower middle income countries, which is 11.1%, 99% of the median. (38 countries reporting)
- Namibia's 11.0% is below the median for Sub-Saharan Africa, which is 12.4%, 89% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.5% | 17.1% | 23.4% | 9 |
| 2000s | 12.9% | 10.6% | 15.3% | 10 |
| 2010s | 9.3% | 8.3% | 10.1% | 10 |
| 2020s | 9.0% | 6.9% | 11.0% | 5 |
Countries ranked near Namibia
More financial sector data for Namibia
- 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 0.0663 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 0.0484 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 0.0663 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is lending interest rate in Namibia?
- Lending interest rate in Namibia was 11.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Namibia?
- The highest recorded value was 23.4% in 1991.
- What is the lowest lending interest rate recorded in Namibia?
- The lowest recorded value was 6.9% in 2021.
- How does Namibia rank for lending interest rate?
- Namibia ranks 55th out of 149 countries with data for 2024.
- Is lending interest rate rising or falling in Namibia?
- Over the last ten years it is up 26.0%. The long-run trend across the full record is falling.
- Where does this Namibia 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 — 34 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.