Zimbabwe - Deposit interest rate (%)

The value for Deposit interest rate (%) in Zimbabwe was 8.06 as of 2021. As the graph below shows, over the past 41 years this indicator reached a maximum value of 203.38 in 2006 and a minimum value of 2.53 in 2018.

Definition: 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.

Source: International Monetary Fund, International Financial Statistics and data files.

See also:

Year Value
1980 3.52
1981 7.46
1982 14.46
1983 12.80
1984 10.30
1985 10.04
1986 10.28
1987 9.58
1988 9.68
1989 8.85
1990 8.80
1991 14.20
1992 28.63
1993 29.45
1994 26.75
1995 25.92
1996 21.58
1997 18.60
1998 29.06
1999 38.51
2000 50.17
2001 13.95
2002 18.38
2003 35.92
2004 103.21
2005 91.08
2006 203.38
2007 121.50
2008 129.00
2015 6.70
2016 4.09
2017 3.27
2018 2.53
2019 2.98
2020 4.52
2021 8.06

Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: 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.

Statistical Concept and Methodology: Many interest rates coexist in an economy, reflecting competitive conditions, the terms governing loans and deposits, and differences in the position and status of creditors and debtors. In some economies interest rates are set by regulation or administrative fiat. In economies with imperfect markets, or where reported nominal rates are not indicative of effective rates, it may be difficult to obtain data on interest rates that reflect actual market transactions. Deposit and lending rates are collected by the International Monetary Fund (IMF) as representative interest rates offered by banks to resident customers. The terms and conditions attached to these rates differ by country, however, limiting their comparability. In 2009 the IMF began publishing a new presentation of monetary statistics for countries that report data in accordance with its Monetary Financial Statistical Manual 2000. The presentation for countries that report data in accordance with its International Financial Statistics (IFS) remains the same.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Interest rates