Lending Rate, Percent per annum in Namibia
Namibia: Lending Rate, Percent per annum was 10.96 in 2024. ▼ Falling
Lending Rate, Percent per annum in Namibia, 1991–2024
Source: International Monetary Fund.
Analysis
In 2024, lending rate, percent per annum in Namibia stood at 10.96.
Compared with earlier readings it is up 0.3% on the previous year and up 26.0% over ten years.
Over the whole period, lending rate, percent per annum in Namibia peaked at 23.36 in 1991 and was at its lowest, 6.86, in 2021.
Namibia ranks 59th of 144 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Lending Rate, Percent per annum in Namibia, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 23.36 | — |
| 1992 | 20.21 | -13.5% |
| 1993 | 18.02 | -10.8% |
| 1994 | 17.05 | -5.4% |
| 1995 | 18.51 | +8.5% |
| 1996 | 19.16 | +3.5% |
| 1997 | 20.18 | +5.3% |
| 1998 | 20.72 | +2.7% |
| 1999 | 18.48 | -10.8% |
| 2000 | 15.28 | -17.3% |
| 2001 | 14.53 | -4.9% |
| 2002 | 13.84 | -4.8% |
| 2003 | 14.7 | +6.2% |
| 2004 | 11.39 | -22.5% |
| 2005 | 10.61 | -6.8% |
| 2006 | 11.18 | +5.4% |
| 2007 | 12.88 | +15.2% |
| 2008 | 13.74 | +6.6% |
| 2009 | 11.12 | -19.1% |
| 2010 | 9.72 | -12.6% |
| 2011 | 8.73 | -10.2% |
| 2012 | 8.65 | -0.9% |
| 2013 | 8.29 | -4.2% |
| 2014 | 8.7 | +4.9% |
| 2015 | 9.32 | +7.2% |
| 2016 | 9.84 | +5.6% |
| 2017 | 10.03 | +1.9% |
| 2018 | 10.14 | +1.2% |
| 2019 | 9.88 | -2.6% |
| 2020 | 7.87 | -20.3% |
| 2021 | 6.86 | -12.8% |
| 2022 | 8.61 | +25.5% |
| 2023 | 10.93 | +26.9% |
| 2024 | 10.96 | +0.3% |
Namibia compared with similar countries
- Namibia's 10.96 is below the median for lower middle income countries, which is 11.63, 94% of the median. (38 countries reporting)
- Namibia's 10.96 is below the median for Sub-Saharan Africa, which is 14.29, 77% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 19.52 | 17.05 | 23.36 | 9 |
| 2000s | 12.93 | 10.61 | 15.28 | 10 |
| 2010s | 9.33 | 8.29 | 10.14 | 10 |
| 2020s | 9.04 | 6.86 | 10.96 | 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 rate, percent per annum in Namibia?
- Lending rate, percent per annum in Namibia was 10.96 in 2024, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Namibia?
- The highest recorded value was 23.36 in 1991.
- What is the lowest lending rate, percent per annum recorded in Namibia?
- The lowest recorded value was 6.86 in 2021.
- How does Namibia rank for lending rate, percent per annum?
- Namibia ranks 59th out of 144 countries with data for 2024.
- Is lending rate, percent per annum 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 Monetary Fund, published as part of Lending Rate, Percent per annum. Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.