Belarus's real interest rate (%) was 0.03% in 2025, the latest year in the World Bank's World Development Indicators. That is down 1.75 percentage points from 1.78% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 0.03% | 2025 |
| Five years earlier | -2.54% | 2020 |
| Ten years earlier | 1.78% | 2015 |
| Highest | 5.61% | 1996 |
| Lowest | -89.3% | 1992 |
| Average since 2016 | -0.52% | 2016–2025 |
| First recorded | -89.3% | 1992 |
What the numbers say
In 2025, Belarus' real interest rate (%) rose 1.97 percentage points on 2024 (from -1.94% to 0.03%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +2.86 percentage points and a typical year strayed about 19.26 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 69.49 percentage points in 1996 and the biggest yearly fall was 35.68 percentage points in 1999. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 12% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Belarus had the 65th highest value of the 73 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Belarus in the 2025 ranking
- Korea, Rep. — 62nd of 73: 1.03%
- North Macedonia — 63rd of 73: 0.75%
- Romania — 64th of 73: 0.29%
- Angola — 66th of 73: -0.93%
- Bulgaria — 67th of 73: -2.96%
- New Zealand — 68th of 73: -3.5%
What this measures
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
All 34 values
| Year | Real interest rate (%) |
|---|---|
| 2025 | 0.0262 |
| 2024 | -1.94 |
| 2023 | 1.77 |
| 2022 | -1.89 |
| 2021 | -4.52 |
| 2020 | -2.54 |
| 2019 | 0.4111 |
| 2018 | -3.07 |
| 2017 | 0.9534 |
| 2016 | 5.59 |
| 2015 |
Real interest rate (%) in nearby economies
- Albania — 4% (2024)
- Armenia — 9.86% (2025)
- Azerbaijan — 14.68% (2025)
- Bosnia and Herzegovina — 1.05% (2025)
- Bulgaria — -2.96% (2025)
- Czechia — 1.12% (2025)
- Georgia — 10.78% (2025)
- Hungary — 1.64% (2025)
- Iceland — 3.87% (2025)
- Italy — -1.29% (2023)
- Kosovo — 5.08% (2018)
- Kyrgyz Republic
More financial sector data for Belarus
- GDP deflator (base year varies by country) — 134.42 (2025)
- GDP deflator, linked series (base year varies by country) — 134.42 (2025)
- DEC alternative conversion factor (LCU per US$) — US$3.07 (2025)
- Inflation, GDP deflator (annual % growth) — 10.92% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 10.92% (2025)
- Consumer price index (2010 = 100) — 801.16 (2025)
- Lending interest rate (%) — 10.95% (2025)
- Inflation, consumer prices (annual % growth) — 6.6% (2025)
- Deposit interest rate (%) — 6.76% (2025)
- Interest rate spread (lending rate minus deposit rate, %)
Reading data like this
Questions people ask
- What is Belarus's real interest rate (%)?
- 0.03% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1992?
- It is up 89.33 percentage points from -89.3% in 1992. The highest value was 5.61% in 1996 and the lowest -89.3% in 1992.
- How does Belarus rank?
- 65th highest of 73 economies with data for 2025.
- Is the latest change in real interest rate (%) unusual for Belarus?
- In 2025, Belarus' real interest rate (%) rose 1.97 percentage points on 2024 (from -1.94% to 0.03%). Across the 30 yearly changes before that (1995 to 2024), the average change was +2.86 percentage points and a typical year strayed about 19.26 percentage points from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FR.INR.RINR, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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