Iran, Islamic Rep.'s deposit interest rate (%) was 12.8% in 2016, the latest year in the World Bank's World Development Indicators. That is up 1.24 percentage points from 11.56% in 2006.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 12.8% | 2016 |
| Five years earlier | 11.16% | 2011 |
| Ten years earlier | 11.56% | 2006 |
| Highest | 16.94% | 2014 |
| Lowest | 11.16% | 2011 |
| Average since 2007 | 13.68% | 2007–2016 |
| First recorded | 11.68% | 2003 |
What the numbers say
In 2016, Iran, Islamic Rep.'s deposit interest rate (%) fell 3.5 percentage points on 2015 (from 16.3% to 12.8%).
Across the 12 yearly changes before that (2004 to 2015), the average change was +0.39 percentage points and a typical year strayed about 1.41 percentage points from that (the standard deviation). This year's change was 2.8 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 3.65 percentage points in 2012 and the biggest yearly fall was 3.5 percentage points in 2016. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2007 to 2016 the straight-line trend is upward, about 0.38 percentage points a year. A straight line explains 34% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2016, Iran, Islamic Rep. had the 1st highest value of the 10 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 Iran, Islamic Rep. in the 2016 ranking
- Côte d'Ivoire — 2nd of 10: 6.93%
- Guinea-Bissau — 3rd of 10: 6.93%
- Mali — 4th of 10: 6.93%
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 14 values
| Year | Deposit interest rate (%) |
|---|---|
| 2016 | 12.8 |
| 2015 | 16.3 |
| 2014 | 16.94 |
| 2013 | 14.76 |
| 2012 | 14.81 |
| 2011 | 11.16 |
| 2010 | 11.94 |
| 2009 | 13.14 |
| 2008 | 13.3 |
| 2007 | 11.6 |
| 2006 |
Deposit interest rate (%) in nearby economies
More financial sector data for Iran, Islamic Rep.
- Consumer price index (2010 = 100) — 4,030 (2025)
- Inflation, consumer prices (annual % growth) — 42.17% (2025)
- GDP deflator (base year varies by country) — 342.89 (2025)
- DEC alternative conversion factor (LCU per US$) — US$742,604 (2025)
- Inflation, GDP deflator (annual % growth) — 28.78% (2025)
- Official exchange rate (LCU per US$, period average) — US$42,000 (2023)
- Monetary sector credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector (% of GDP) — 57.83% (2016)
- Domestic credit to private sector by banks (% of GDP)
Reading data like this
Questions people ask
- What is Iran, Islamic Rep.'s deposit interest rate (%)?
- 12.8% in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 1.13 percentage points from 11.68% in 2003. The highest value was 16.94% in 2014 and the lowest 11.16% in 2011.
- How does Iran, Islamic Rep. rank?
- 1st highest of 10 economies with data for 2016.
- Is the latest change in deposit interest rate (%) unusual for Iran, Islamic Rep.?
- In 2016, Iran, Islamic Rep.'s deposit interest rate (%) fell 3.5 percentage points on 2015 (from 16.3% to 12.8%). Across the 12 yearly changes before that (2004 to 2015), the average change was +0.39 percentage points and a typical year strayed about 1.41 percentage points from that (the standard deviation). This year's change was 2.8 standard deviations below 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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