Libya: Lending interest rate
* indicates monthly or quarterly data series
| Libya |
Interest rates on bank credit to the private sector |
|---|---|
| Latest value | 6.00 |
| Year | 2014 |
| Measure | percent |
| Data availability | 1964 - 2014 |
| Average | 6.77 |
| Min - Max | 6.00 - 7.00 |
| Source | The World Bank |
| Available for | Data download |
The latest value from 2014 is 6 percent, unchanged from 6 percent in 2013. In comparison, the world average is 11.28 percent, based on data from 135 countries. Historically, the average for Libya from 1964 to 2014 is 6.77 percent. The minimum value, 6 percent, was reached in 2007 while the maximum of 7 percent was recorded in 1964.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series
| Recent values | Libya: Lending interest rate |
|---|---|
| 2014 | 6.00 |
| 2013 | 6.00 |
| 2012 | 6.00 |
| 2011 | 6.00 |
| 2010 | 6.00 |
| 2009 | 6.00 |
| 2008 | 6.00 |
| 2007 | 6.00 |
The lending interest rate in Libya shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
Other resources:
Download data from our database
All indicators for Libya
All indicators on the website
Article: Are trade deficits bad for the economy?
Article: Sources of economic growth
Article: Currency values and investment returns
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 3.50 | 2014 | interest rate points |
| Bank cost to income ratio | 28.91 | 2020 | percent |
| Bank overhead cost | 0.33 | 2020 | percent |
| Net interest margin | 1.16 | 2020 | percent |
| Bank credit to deposits | 21.47 | 2021 | percent |
| Return on assets | 0.81 | 2020 | percent |
| Return on equity | 11.64 | 2020 | percent |
| Banking system z-scores | 32.05 | 2020 | index points |
| Liquid assets to deposits | 92.32 | 2020 | percent |
| Non-interest income to total income | 56.17 | 2020 | percent |
| Lending interest rate | 6.00 | 2014 | percent |
| Real interest rate | 7.08 | 2014 | percent |