Of the world's major economies, the effective interest rate for large nonfinancial firms was the lowest in Japan in 2019 at 1.08 percent. The highest rate was in the United States with 4.19 percent.
Interest rates for large firms are generally lower than the effective interest rate that can be obtained by small and medium-sized enterprises (SMEs).
This statistic illustrates the average interest rates of new business loans to large enterprises in Ireland from 2007 to 2018. It can be seen that during this period the average interest rate to large companies in Ireland generally decreased with some fluctuation from 5.95 percent in 2007 to 2.15 percent in 2018. The highest interest rate during this time period was seen in 2008 when it reached 6.19 percent.
This statistic illustrates the average interest rates of new business loans to large enterprises in Greece from 2007 to 2018. It can be seen that during this period the average interest rate to large companies in Greece generally decreased with some fluctuation from 5.32 percent in 2007 to 3.81 percent in 2018. The highest interest rate during this time period was seen in 2012 when it reached 5.92 percent.
This statistic illustrates the average interest rate of business loans to large enterprises in the Netherlands from 2011 to 2018. It can be seen that during this period the average interest rate of loans to large companies in the Netherlands decreased from approximately 3.5 percent in 2011 to 2.1 percent in 2018. The highest interest rate during this time period was seen in 2012, when it reached 3.6 percent.
This statistic shows the difference between the interest rates of loans to small and medium-sized enterprises (SMEs) and the interest rates of loans to large companies in France between 2007 and 2018. In 2018, the difference in interest rates between SME loans and large business loans was 0.45 percent.
The quarterly net incomes of the U.S.' five largest banks all declined substantially in 2022 when compared to 2021. U.S. Bancorp seemed to be the most able to maintain a steady growth rate, particularly between 2012 and 2019. Bank of America, on the other hand, had notable fluctuations over the years. Despite the differences, there seems to be one thing in common: After a sharp increase in four out of the five largest U.S. banks' quarterly income growth rate in the first quarter of 2021, there was a steady decline throughout the rest of 2021. As of 2022, none of the observed banks managed to produce a positive income growth rate. In 2023, however, JPMorgan Chase, Bank of America, and Wells Fargo all performed significantly better.
This statistic illustrates the average interest rate of business loans to large enterprises in Luxembourg from 2007 to 2018. It can be seen that during this period the average interest rate of loans to large companies in Luxembourg decreased from approximately 4.96 percent in 2007 to just 1.29 percent in 2018. The highest interest rate during this time period was seen in 2008, when it reached approximately five percent.
During the considered period, the average interest rate to large companies in Hungary generally decreased with some fluctuation from 8.97 percent in 2007 to 1.58 percent in 2020. The highest interest rate during this time period was seen in 2009 when it reached 11.07 percent.
The UK's OTC (over-the-counter) interest rate derivatives market in 2022 was around 937 billion U.S. dollars more than that of the United States. The United States had the second-largest OTC interest rate market at this time, followed by Hong Kong then Germany.
Real interest rates describe the growth in the real value of the interest on a loan or deposit, adjusted for inflation. Nominal interest rates on the other hand show us the raw interest rate, which is unadjusted for inflation. If the inflation rate in a certain country were zero percent, the real and nominal interest rates would be the same number. As inflation reduces the real value of a loan, however, a positive inflation rate will mean that the nominal interest rate is more likely to be greater than the real interest rate. We can see this in the recent inflationary episode which has taken place in the wake of the Coronavirus pandemic, with nominal interest rates rising over the course of 2022, but still lagging far behind the rate of inflation, meaning these rate rises register as smaller increases in the real interest rate.
This statistic illustrates the average interest rate of business loans to large enterprises in Belgium from 2007 to 2018. It can be seen that during this period the average interest rate of loans to large companies in Belgium decreased from approximately 4.72 percent in 2007 to just 1.35 percent in 2018. The highest interest rate during this time period was seen in 2008 where it reached over five percent.
In 2023, the average interest rate for new business loans to large enterprises in South Korea stood at 5.21 percent. This was the highest rate since 2012 and considerably higher than the 2.57 from 2021.
Mortgage interest rates worldwide varied greatly in 2024, from less than four percent in many European countries, to as high as 44 percent in Turkey. The average mortgage rate in a country depends on the central bank's base lending rate and macroeconomic indicators such as inflation and forecast economic growth. Since 2022, inflationary pressures have led to rapid increase in mortgage interest rates. Which are the leading mortgage markets? An easy way to estimate the importance of the mortgage sector in each country is by comparing household debt depth, or the ratio of the debt held by households compared to the county's GDP. In 2023, Switzerland, Australia, and Canada had some of the highest household debt to GDP ratios worldwide. While this indicator shows the size of the sector relative to the country’s economy, the value of mortgages outstanding allows to compare the market size in different countries. In Europe, for instance, the United Kingdom, Germany, and France were the largest mortgage markets by outstanding mortgage lending. Mortgage lending trends in the U.S. In the United States, new mortgage lending soared in 2021. This was largely due to the growth of new refinance loans that allow homeowners to renegotiate their mortgage terms and replace their existing loan with a more favorable one. Following the rise in interest rates, the mortgage market cooled, and refinance loans declined.
In August 2024, the prime lending rate for mortgage loans (KPR) at Bank Rakyat Indonesia, the largest bank in terms of assets in Indonesia was at 7.25 percent. One of its biggest competitors, Bank Mandiri, offered a prime lending rate of 7.3 percent. Meanwhile, BCA offered 7.2 percent in that period.
Out of the world's seven largest economies, the United Kingdom was the most negatively affected by the coronavirus (COVID-19) pandemic. During the third quarter of 2020, the GDP growth rate of the UK stood at minus 7.7 percent compared to the previous year. Furthermore, the GDPs of India and Japan were contracted by minus 5.3 percent. Only China experienced a positive GDP growth rate of 4.9 percent during that same period. However, in 2021, all the largest economies worldwide started to recover, with growth rates varying from 1.2 percent (Japan) to over nine percent (India).
European banking giants showed divergent performance in their asset growth during 2023. Société Générale led the pack with the strongest expansion rate, with Spain's Banco Santander following in second place. However, the picture was less rosy for BNP Paribas and Barclays, both of which experienced declining growth rates compared to 2022. The contrast was particularly striking for Barclays, which had achieved remarkable asset growth in 2022 but lost momentum the following year. That same year, HSBC and Group BPCE stood out as the only major European banks to register negative growth rates.
From January to July 2021, the average interest rate of business loans to large enterprises in France was 20.5 percent higher than in the previous year. The interest rates for this type of loans have remained under one percent since 2019. In 2020, they reached the lowest point of the timeline at 0.73 percent. That same year, the interest rate of business loans to SMEs also decreased significantly.
This statistic illustrates the growth rate of large commercial aircraft production worldwide from 2016 to 2020. Globally, it is expected that large commercial aircraft manufacturers' output will grow by around 7.8 percent in 2016, compared with 2015.
Interest rates emerged as the biggest issue among real estate professionals in Europe in 2024. Approximately 86 percent of survey respondents chose interest rates as the most pressing challenge in the industry. Recent interest rates cuts by central banks show a promising outlook. That has translated into slight declines in mortgage interest rates, albeit at levels that are still notably higher than the long-term average. Inflation and construction costs and availability were other leading causes of concern.
According to a survey conducted in South Korea by Opensurvey in May 2022, around 91 percent of respondents owned a washing machine. The majority of respondents also had a fridge, air conditioner, and television at home.
Of the world's major economies, the effective interest rate for large nonfinancial firms was the lowest in Japan in 2019 at 1.08 percent. The highest rate was in the United States with 4.19 percent.
Interest rates for large firms are generally lower than the effective interest rate that can be obtained by small and medium-sized enterprises (SMEs).