Deposit Interest Rate in Algeria remained unchanged at 1.75 percent in January from 1.75 percent in December of 2020. source: IMF

Deposit Interest Rate in Algeria averaged 4.54 percent from 1980 until 2021, reaching an all time high of 17 percent in January of 1995 and a record low of 1.75 percent in April of 2005. This page includes a chart with historical data for Deposit Interest Rate in Algeria. Deposit Interest Rate in Algeria - values, historical data and charts - was last updated on May of 2021.

Deposit Interest Rate in Algeria is expected to be 1.75 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Deposit Interest Rate in Algeria to stand at 1.75 in 12 months time. In the long-term, the Deposit Interest Rate in Algeria is projected to trend around 2.00 percent in 2022 and 2.50 percent in 2023, according to our econometric models.

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Deposit Interest Rate in Algeria

Actual Previous Highest Lowest Dates Unit Frequency
1.75 1.75 17.00 1.75 1980 - 2021 percent Monthly

Algeria Money Last Previous Highest Lowest Unit
Interest Rate 3.00 3.00 15.00 2.75 percent [+]
Deposit Interest Rate 1.75 1.75 17.00 1.75 percent [+]
Foreign Exchange Reserves 55000.00 60000.00 194961.00 55000.00 USD Million [+]

Deposit Interest Rate in Algeria
The Deposit Interest Rate is the average rate paid by commercial banks to individuals or corporations on deposits.