Real Interest Rate

North America Ranking

bank lending rate minus inflationSource: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Honduras	11.83	2020	1	12.69
2	Guatemala	9.63	2020	2	8.74
3	Panama	8.97	2020	3	6.9
4 ↑	Costa Rica	6.42	2020	5	6.43
5 ↓	Nicaragua	5.02	2020	4	6.58
6	Mexico	3.34	2020	6	4.12
7	Canada	0.13	2017	7	1.93

Definition of Real Interest Rate

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.