Lending interest rate in New Zealand
New Zealand: Lending interest rate was 4.8% in 2017. ▼ Falling
Lending interest rate in New Zealand, 1998–2017
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in New Zealand is 4.8%, measured in 2017. That is the lowest value across all 20 years on record.
The figure is down 5.2% on the previous year and down 44.7% over ten years.
Over the whole period, lending interest rate in New Zealand peaked at 9.0% in 1998 and was at its lowest, 4.8%, in 2017.
New Zealand ranks 126th of 148 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Lending interest rate in New Zealand, year by year
| Year | % | Change |
|---|---|---|
| 1998 | 9.0% | — |
| 1999 | 7.1% | -21.6% |
| 2000 | 7.8% | +10.8% |
| 2001 | 7.6% | -2.8% |
| 2002 | 7.2% | -5.5% |
| 2003 | 7.0% | -2.5% |
| 2004 | 7.1% | +1.5% |
| 2005 | 7.8% | +9.3% |
| 2006 | 8.2% | +5.5% |
| 2007 | 8.6% | +5.1% |
| 2008 | 8.9% | +3.8% |
| 2009 | 6.7% | -25.5% |
| 2010 | 6.3% | -6.0% |
| 2011 | 6.1% | -2.3% |
| 2012 | 5.8% | -4.7% |
| 2013 | 5.5% | -5.0% |
| 2014 | 5.8% | +4.9% |
| 2015 | 5.8% | -0.7% |
| 2016 | 5.0% | -12.9% |
| 2017 | 4.8% | -5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.0% | 7.1% | 9.0% | 2 |
| 2000s | 7.7% | 6.7% | 8.9% | 10 |
| 2010s | 5.6% | 4.8% | 6.3% | 8 |
Countries ranked near New Zealand
More financial sector data for New Zealand
- Net domestic credit (current LCU), per capita 120,241 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 2.42 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 4.19 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2025)
- Gold reserves at market value 0 SDR (2025)
- Reserves excluding gold, foreign exchange 18.09 billion SDR (2025)
- Reserves excluding gold 20.56 billion SDR (2025)
- Total reserves (gold at market value) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) 20.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 3,861 SDR per person (2025)
Frequently asked questions
- What is lending interest rate in New Zealand?
- Lending interest rate in New Zealand was 4.8% in 2017, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in New Zealand?
- The highest recorded value was 9.0% in 1998.
- What is the lowest lending interest rate recorded in New Zealand?
- The lowest recorded value was 4.8% in 2017.
- How does New Zealand rank for lending interest rate?
- New Zealand ranks 126th out of 148 countries with data for 2017.
- Is lending interest rate rising or falling in New Zealand?
- Over the last ten years it is down 44.7%. The long-run trend across the full record is falling.
- Where does this New Zealand 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 — 20 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.