Peru: Lending interest rate (%)

Key figures

What the numbers say

In 2022, Peru's lending interest rate (%) rose 1.62 percentage points on 2021 (from 10.98% to 12.6%).

Across the 30 yearly changes before that (1992 to 2021), the average change was −21.99 percentage points and a typical year strayed about 95.29 percentage points from that (the standard deviation). This year's change was 0.2 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 2,907.51 percentage points in 1990 and the biggest yearly fall was 3,589.48 percentage points in 1991. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2013 to 2022 the straight-line trend is downward, about 0.65 percentage points a year. A straight line explains 80% 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.

A straight-line projection, tested first

Extending that straight line gives about 9.94% for 2025. We show this only because the same method, fitted on earlier years, predicted 2020 to 2022 better than "no change" would have: its average miss was 1.02%, against 2.21% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

Closest to Peru in the 2022 ranking

• India — 2nd of 6: 8.57%
• Barbados — 3rd of 6: 8.05%
• Comoros — 4th of 6: 8.03%

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 38 values

Lending interest rate (%) in nearby economies

• Antigua and Barbuda — 6.39% (2025)
• Argentina — 46.02% (2025)
• Aruba — 5.8% (2023)
• Bahamas, The — 4.25% (2025)
• Barbados — 8.05% (2022)
• Belize — 8.48% (2025)
• Bolivia — 10.19% (2025)
• Brazil — 45.33% (2025)
• Chile — 4.18% (2018)
• Colombia — 14.31% (2025)
• Costa Rica — 6.88% (2025)
• Dominica

More financial sector data for Peru

• Consumer price index (2010 = 100) — 165.52 (2025)
• Inflation, consumer prices (annual % growth) — 1.53% (2025)
• GDP deflator (base year varies by country) — 197.2 (2025)
• DEC alternative conversion factor (LCU per US$) — US$3.57 (2025)
• Official exchange rate (LCU per US$, period average) — US$3.57 (2025)
• Domestic credit to private sector by banks (% of GDP) — 39.62% (2024)
• Net domestic credit (current LCU) — 436.63 billion (2024)
• Net foreign assets (current LCU) — 269.92 billion (2024)
• Monetary sector credit to private sector (% of GDP) — 39.62% (2024)
• Claims on central government, etc. (% of GDP)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Peru's lending interest rate (%)?

12.6% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1985?

It is down 48.78 percentage points from 61.37% in 1985. The highest value was 4,260% in 1990 and the lowest 10.98% in 2021.

Is the latest change in lending interest rate (%) unusual for Peru?

In 2022, Peru's lending interest rate (%) rose 1.62 percentage points on 2021 (from 10.98% to 12.6%). Across the 30 yearly changes before that (1992 to 2021), the average change was −21.99 percentage points and a typical year strayed about 95.29 percentage points from that (the standard deviation). This year's change was 0.2 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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