Interest rate on bank loans fell 10.5% to 3.71% in Kuwait in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Kuwait reached an all time high of 9.39% in 1982 and an all time low of 3.71% in 2021.
Kuwait has been ranked 82nd within the group of 94 countries we follow in terms of interest rate on bank loans, 40 places above the position seen 10 years ago.
Interest Rate on Bank Loans (Local Currency) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
Bahrain | % | 5.16% | ... | ... | ... | ... | ... | ... | ||||||||||||||
Iran | % | ... | ... | ... | 14.2% | 18.0% | ... | ... | ... | ... | ... | |||||||||||
Iraq | % | ... | 12.3% | 12.4% | ... | ... | ... | ... | ... | |||||||||||||
Jordan | % | 8.48% | 8.12% | 8.39% | 8.66% | 8.67% | ||||||||||||||||
Kuwait | % | 4.29% | 4.48% | 4.69% | 4.83% | 4.81% | ||||||||||||||||
Pakistan | % | ... | ... | ... | 10.2% | 8.76% | 8.21% | 8.53% | 12.2% | |||||||||||||
Qatar | % | ... | ... | ... | 4.44% | 4.04% | 4.70% | 4.98% | 5.04% | |||||||||||||
Saudi Arabia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Syria | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||
Turkmenistan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
United Arab Emirates | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Yemen | % | ... | ... | ... | ... | ... | ... | ... | ... |