Kyrgyz Republic's lending interest rate (%) was 19.78% in 2024, the latest year in the World Bank's World Development Indicators. That is down 0.35 percentage points from 20.13% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.78% | 2024 |
| Five years earlier | 19% | 2019 |
| Ten years earlier | 20.13% | 2014 |
| Highest | 63.23% | 1997 |
| Lowest | 16.62% | 2021 |
| Average since 2015 | 19.77% | 2015–2024 |
| First recorded | 62.58% | 1996 |
What the numbers say
In 2024, Kyrgyz Republic's lending interest rate (%) rose 0.68 percentage points on 2023 (from 19.11% to 19.78%).
Across the 27 yearly changes before that (1997 to 2023), the average change was −1.61 percentage points and a typical year strayed about 4.29 percentage points from that (the standard deviation). This year's change was 0.5 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 3.5 percentage points in 2015 and the biggest yearly fall was 16.38 percentage points in 2001. 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 the straight-line trend is downward, about 0.54 percentage points a year. A straight line explains 42% 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 2024, Kyrgyz Republic had the 4th highest value of the 16 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 Kyrgyz Republic in the 2024 ranking
- Malawi — 1st of 16: 37.06%
- Egypt, Arab Rep. — 2nd of 16: 24.29%
- Uzbekistan — 3rd of 16: 23.13%
- Russian Federation — 5th of 16: 17.09%
- Kenya — 6th of 16: 16.59%
- Rwanda — 7th of 16: 16.02%
What this measures
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.
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 29 values
| Year | Lending interest rate (%) |
|---|---|
| 2024 | 19.78 |
| 2023 | 19.11 |
| 2022 | 18.66 |
| 2021 | 16.62 |
| 2020 | 17.04 |
| 2019 | 19 |
| 2018 | 19.51 |
| 2017 | 19.82 |
| 2016 | 24.53 |
| 2015 | 23.63 |
| 2014 |
Lending interest rate (%) in nearby economies
More financial sector data for Kyrgyz Republic
- GDP deflator (base year varies by country) — 209.56 (2025)
- Inflation, GDP deflator (annual % growth) — 12.4% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 12.4% (2025)
- GDP deflator, linked series (base year varies by country) — 209.56 (2025)
- DEC alternative conversion factor (LCU per US$) — US$87.36 (2025)
- Official exchange rate (LCU per US$, period average) — US$87.36 (2025)
- Consumer price index (2010 = 100) — 265.55 (2025)
- Domestic credit to private sector by banks (% of GDP) — 22.17% (2024)
- Net domestic credit (current LCU)
Reading data like this
Questions people ask
- What is Kyrgyz Republic's lending interest rate (%)?
- 19.78% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is down 42.79 percentage points from 62.58% in 1996. The highest value was 63.23% in 1997 and the lowest 16.62% in 2021.
- How does Kyrgyz Republic rank?
- 4th highest of 16 economies with data for 2024.
- Is the latest change in lending interest rate (%) unusual for Kyrgyz Republic?
- In 2024, Kyrgyz Republic's lending interest rate (%) rose 0.68 percentage points on 2023 (from 19.11% to 19.78%). Across the 27 yearly changes before that (1997 to 2023), the average change was −1.61 percentage points and a typical year strayed about 4.29 percentage points from that (the standard deviation). This year's change was 0.5 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.LEND, 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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