Dominican Republic: Real interest rate (%)

Key figures

What the numbers say

In 2024, Dominican Republic's real interest rate (%) rose 2.36 percentage points on 2023 (from 8.17% to 10.53%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.52 percentage points and a typical year strayed about 7.25 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above 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 54.95 percentage points in 1992 and the biggest yearly fall was 19.44 percentage points in 2003. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains 26% 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 2024, Dominican Republic had the 4th highest value of the 17 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 Dominican Republic in the 2024 ranking

• Kenya — 1st of 17: 13.02%
• Kyrgyz Republic — 2nd of 17: 12.58%
• Malawi — 4th of 17: 9.96%
• Eswatini — 5th of 17: 9.45%
• Uzbekistan — 6th of 17: 7.95%

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

Real interest rate (%) in nearby economies

• Antigua and Barbuda — 3.31% (2025)
• Argentina — 4.98% (2025)
• Aruba — 2.88% (2023)
• Bahamas, The — 3.95% (2024)
• Barbados — 8.22% (2022)
• Belize — 7.34% (2025)
• Bolivia — -8.11% (2025)
• Brazil — 37.46% (2025)
• Chile — 2.55% (2018)
• Colombia — 8.43% (2025)
• Costa Rica — 7.45% (2025)
• Dominica — 3.73% (2025)

More financial sector data for Dominican Republic

• Domestic credit to private sector by banks (% of GDP) — 31.81% (2025)
• Net domestic credit (current LCU) — 3.82 trillion (2025)
• Net foreign assets (current LCU) — 793.12 billion (2025)
• Monetary sector credit to private sector (% of GDP) — 31.92% (2025)
• Broad money (current LCU) — 3.26 trillion (2025)
• Broad money (% of GDP) — 41.31% (2025)
• Broad money to total reserves ratio — 3.56 (2025)
• Consumer price index (2010 = 100) — 181.65 (2025)
• Inflation, consumer prices (annual % growth) — 3.87% (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
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Questions people ask

What is Dominican Republic's real interest rate (%)?

10.53% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1991?

It is up 43.89 percentage points from -33.36% in 1991. The highest value was 23.73% in 1993 and the lowest -33.36% in 1991.

How does Dominican Republic rank?

4th highest of 17 economies with data for 2024.

Is the latest change in real interest rate (%) unusual for Dominican Republic?

In 2024, Dominican Republic's real interest rate (%) rose 2.36 percentage points on 2023 (from 8.17% to 10.53%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.52 percentage points and a typical year strayed about 7.25 percentage points from that (the standard deviation). This year's change was 0.4 standard deviations above 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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