Interest rate on bank loans rose 0% to 8.00% in Algeria in 2017, according to the National Central Bank.
Historically, interest rate on bank loans in Algeria reached an all time high of 19.0% in 1996 and an all time low of 3.00% in 1980.
Algeria has been ranked 67th within the group of 110 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 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 |
Algeria | % | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ||||||||||||||||
Chad | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ||||||||||
Egypt | % | 12.3% | 11.7% | 11.6% | 13.6% | 18.2% | ||||||||||||||||
France | % | 5.82% | 6.07% | 6.05% | 5.51% | ... | ... | ... | ||||||||||||||
Italy | % | 5.14% | 4.87% | 4.13% | 3.50% | 3.00% | ||||||||||||||||
Libya | % | 6.00% | 6.00% | ... | ... | ... | ... | ... | ||||||||||||||
Malta | % | 4.71% | 4.97% | 5.16% | 5.06% | ... | ... | ... | ||||||||||||||
Mauritania | % | 17.0% | 17.0% | 17.0% | 17.0% | 17.0% | ... | ... | ||||||||||||||
Morocco | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | |||||||
Portugal | % | ... | ... | 8.41% | 7.78% | 6.60% | 5.99% | ... | ... | ... | ||||||||||||
Spain | % | 6.76% | 6.14% | 4.50% | 4.20% | ... | ... | ... | ||||||||||||||
Tunisia | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |