Egypt, Arab Rep.'s deposit interest rate (%) was 19.16% in 2024, the latest year in the World Bank's World Development Indicators. That is up 12.24 percentage points from 6.92% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.16% | 2024 |
| Five years earlier | 10.95% | 2019 |
| Ten years earlier | 6.92% | 2014 |
| Highest | 19.16% | 2024 |
| Lowest | 3% | 1976 |
| Average since 2015 | 10.55% | 2015–2024 |
| First recorded | 3% | 1976 |
What the numbers say
In 2024, Egypt, Arab Rep.'s deposit interest rate (%) rose 6.51 percentage points on 2023 (from 12.65% to 19.16%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.02 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 6.51 percentage points in 2024 and the biggest yearly fall was 3.17 percentage points in 2020. 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 28% 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, Egypt, Arab Rep. had the 1st 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 Egypt, Arab Rep. in the 2024 ranking
- Uzbekistan — 2nd of 17: 18.12%
- Russian Federation — 3rd of 17: 14.62%
- Kenya — 4th of 17: 11.98%
What this measures
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.
All 49 values
| Year | Deposit interest rate (%) |
|---|---|
| 2024 | 19.16 |
| 2023 | 12.65 |
| 2022 | 8.43 |
| 2021 | 7.4 |
| 2020 | 7.78 |
| 2019 | 10.95 |
| 2018 | 12.32 |
| 2017 | 12.09 |
| 2016 | 7.86 |
| 2015 | 6.91 |
| 2014 |
Deposit interest rate (%) in nearby economies
More financial sector data for Egypt, Arab Rep.
- Domestic credit to private sector by banks (% of GDP) — 25.84% (2025)
- Net domestic credit (current LCU) — 18.29 trillion (2025)
- Net foreign assets (current LCU) — 1.11 trillion (2025)
- Monetary sector credit to private sector (% of GDP) — 25.84% (2025)
- Broad money (current LCU) — 14.03 trillion (2025)
- Broad money (% of GDP) — 77.35% (2025)
- Broad money to total reserves ratio — 5.78 (2025)
- Consumer price index (2010 = 100) — 711.63 (2025)
- Inflation, consumer prices (annual % growth) — 14.07% (2025)
- Claims on central government, etc. (% of GDP)
Reading data like this
Questions people ask
- What is Egypt, Arab Rep.'s deposit interest rate (%)?
- 19.16% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1976?
- It is up 16.16 percentage points from 3% in 1976. The highest value was 19.16% in 2024 and the lowest 3% in 1976.
- How does Egypt, Arab Rep. rank?
- 1st highest of 17 economies with data for 2024.
- Is the latest change in deposit interest rate (%) unusual for Egypt, Arab Rep.?
- In 2024, Egypt, Arab Rep.'s deposit interest rate (%) rose 6.51 percentage points on 2023 (from 12.65% to 19.16%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.02 percentage points and a typical year strayed about 1.4 percentage points from that (the standard deviation). This year's change was 4.6 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator FR.INR.DPST, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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