Interest rate on bank loans fell 6.24% to 8.88% in Guyana in 2021, according to the National Central Bank.
Historically, interest rate on bank loans in Guyana reached an all time high of 33.6% in 1991 and an all time low of 7.50% in 1974.
Guyana has been ranked 40th within the group of 94 countries we follow in terms of interest rate on bank loans, 6 places below 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 |
Bolivia | % | 8.07% | 7.95% | 8.11% | 8.04% | 8.40% | ||||||||||||||||
Brazil | % | 44.0% | 52.1% | 46.9% | 39.1% | 37.5% | ||||||||||||||||
Colombia | % | 11.4% | 14.6% | 13.7% | 12.1% | 11.8% | ||||||||||||||||
Guyana | % | 12.8% | 13.0% | 13.0% | 13.0% | 10.5% | ||||||||||||||||
Peru | % | 16.1% | 16.5% | 16.8% | 14.5% | 14.4% | ||||||||||||||||
Puerto Rico | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
Suriname | % | 12.6% | 13.5% | 14.4% | 14.3% | 15.0% | ||||||||||||||||
Trinidad and Tobago | % | 8.18% | 9.00% | 9.00% | 9.09% | 9.25% | ||||||||||||||||
Venezuela | % | 19.4% | 20.8% | 21.1% | ... | ... | ... | ... |