Interest rate on bank loans fell 3.39% to 8.44% in Belize in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Belize reached an all time high of 19.3% in 1981 and an all time low of 8.44% in 2021. When compared to Belize's main peers, interest rate on bank loans in Guatemala amounted to 12.2%, 16.0% in Honduras, 4.89% in Mexico and 3.25% in USA in 2021.
Belize has been ranked 43rd within the group of 94 countries we follow in terms of interest rate on bank loans, 2 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 |
| Belize | % | 10.3% | 9.84% | 9.46% | 9.12% | 9.07% | ||||||||||||||||
| Canada | % | 2.78% | 2.70% | 2.70% | ... | ... | ... | ... | ||||||||||||||
| China | % | 4.35% | 4.35% | 4.35% | 4.35% | 4.35% | ||||||||||||||||
| El Salvador | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Guatemala | % | 13.2% | 13.1% | 13.1% | 12.9% | 12.7% | ||||||||||||||||
| Honduras | % | 20.7% | 19.3% | 19.3% | 17.8% | 17.3% | ||||||||||||||||
| Japan | % | 1.14% | 1.04% | 0.994% | ... | ... | ... | ... | ||||||||||||||
| Mexico | % | 3.44% | 4.75% | 7.33% | 8.04% | 8.43% | ||||||||||||||||
| Nicaragua | % | 12.1% | 11.4% | 10.8% | 10.9% | 12.5% | ||||||||||||||||
| USA | % | 3.26% | 3.51% | 4.10% | 4.90% | 5.28% |
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