Deposit Interest Rate in Namibia decreased to 4.16 percent in 2020 from 5.70 percent in 2019. source: World Bank

Deposit Interest Rate in Namibia averaged 7.61 percent from 1991 until 2020, reaching an all time high of 12.94 percent in 1998 and a record low of 3.98 percent in 2013. This page includes a chart with historical data for Deposit Interest Rate in Namibia. Deposit Interest Rate in Namibia - values, historical data and charts - was last updated on May of 2021.

Deposit Interest Rate in Namibia is expected to reach 3.66 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Deposit Interest Rate in Namibia is projected to trend around 3.66 percent in 2022, according to our econometric models.

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Deposit Interest Rate in Namibia

Actual Previous Highest Lowest Dates Unit Frequency
4.16 5.70 12.94 3.98 1991 - 2020 percent Yearly

Namibia Money Last Previous Highest Lowest Unit
Interest Rate 3.75 3.75 10.50 3.75 percent [+]
Money Supply M1 63176.50 63353.40 63438.90 1181.60 NAD Million [+]
Money Supply M2 125205.50 126356.20 127829.50 15670.40 NAD Million [+]
Foreign Exchange Reserves 32355.74 34372.21 35548.51 1783.20 NAD Million [+]
Deposit Interest Rate 4.16 5.70 12.94 3.98 percent [+]
Central Bank Balance Sheet 32468.60 35326.30 39017.70 2526.62 NAD Million [+]
Lending Rate 7.50 7.50 24.20 7.50 percent [+]
Money Supply M0 6655.25 7580.78 11104.43 857.78 NAD Million [+]


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