Russian Federation's real interest rate (%) was 5.82% in 2024, the latest year in the World Bank's World Development Indicators. That is up 2.42 percentage points from 3.4% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.82% | 2024 |
| Five years earlier | 5.32% | 2019 |
| Ten years earlier | 3.4% | 2014 |
| Highest | 19.62% | 1998 |
| Lowest | -18.95% | 1999 |
| Average since 2015 | 2.79% | 2015–2024 |
| First recorded | 14.76% | 1997 |
What the numbers say
In 2024, Russian Federation's real interest rate (%) rose 1.17 percentage points on 2023 (from 4.65% to 5.82%).
Across the 26 yearly changes before that (1998 to 2023), the average change was −0.39 percentage points and a typical year strayed about 11.14 percentage points from that (the standard deviation). This year's change was 0.1 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 17.98 percentage points in 2009 and the biggest yearly fall was 38.57 percentage points in 1999. 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 15% 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, Russian Federation had the 9th 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 Russian Federation in the 2024 ranking
- Uzbekistan — 6th of 17: 7.95%
- Rwanda — 7th of 17: 7.28%
- Namibia — 8th of 17: 6.38%
- China — 10th of 17: 5.15%
- Lesotho — 11th of 17: 4.92%
- Papua New Guinea — 12th of 17: 4.86%
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 28 values
| Year | Real interest rate (%) |
|---|---|
| 2024 | 5.82 |
| 2023 | 4.65 |
| 2022 | -5.73 |
| 2021 | -9.33 |
| 2020 | 5.83 |
| 2019 | 5.32 |
| 2018 | -1.03 |
| 2017 | 4.95 |
| 2016 | 9.48 |
| 2015 | 7.89 |
| 2014 |
Real interest rate (%) in nearby economies
More financial sector data for Russian Federation
- DEC alternative conversion factor (LCU per US$) — US$83.65 (2025)
- GDP deflator (base year varies by country) — 208.82 (2025)
- Inflation, GDP deflator (annual % growth) — 4.85% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 4.85% (2025)
- GDP deflator, linked series (base year varies by country) — 208.82 (2025)
- Consumer price index (2010 = 100) — 283.03 (2025)
- Inflation, consumer prices (annual % growth) — 8.72% (2025)
- Real effective exchange rate index (2010 = 100) — 92.21 (2025)
- Official exchange rate (LCU per US$, period average)
Reading data like this
Questions people ask
- What is Russian Federation's real interest rate (%)?
- 5.82% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is down 8.94 percentage points from 14.76% in 1997. The highest value was 19.62% in 1998 and the lowest -18.95% in 1999.
- How does Russian Federation rank?
- 9th highest of 17 economies with data for 2024.
- Is the latest change in real interest rate (%) unusual for Russian Federation?
- In 2024, Russian Federation's real interest rate (%) rose 1.17 percentage points on 2023 (from 4.65% to 5.82%). Across the 26 yearly changes before that (1998 to 2023), the average change was −0.39 percentage points and a typical year strayed about 11.14 percentage points from that (the standard deviation). This year's change was 0.1 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in