{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"za-real-interest-rate","url":"https://apiardata.com/statistics/za-real-interest-rate","html_url":"https://apiardata.com/statistics/za-real-interest-rate/","title":"South Africa Real Interest Rate (2025)","description":"South Africa's Real Interest Rate: 7.7 % per annum (inflation-adjusted) in 2025, +0.3pp YoY. World Bank (FR.INR.RINR), 1976–2025.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","World Bank","South Africa","2025"],"publisher":"World Bank","frequency":"Annual","geography":"South Africa","temporal_coverage":"1976/2025","unit":"% per annum (inflation-adjusted)","last_updated":"2026-07-25","last_updated_text":"25 July 2026","data_as_of":"2025","variable_measured":"South Africa Real Interest Rate","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"World Bank","url":"https://data.worldbank.org/indicator/FR.INR.RINR?locations=ZA"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"1976–2025"},{"label":"Observations","value":"50"},{"label":"Geography","value":"South Africa"},{"label":"Last updated","value":"25 July 2026"}],"kpis":[{"label":"South Africa (2025)","value":"7.7","unit":"% per annum (inflation-adjusted)","trend":{"direction":"up","value":"+0.3pp YoY"}},{"label":"YoY Change","value":"+0.3pp","unit":"percentage points"},{"label":"Trend","value":"up","unit":""},{"label":"Series length","value":"50","unit":"years of data"}],"series":[{"key":"value","label":"South Africa Real Interest Rate"}],"observation_count":50,"observations":[{"period":"1976","value":1.77530130523867},{"period":"1977","value":2.0348155177755},{"period":"1978","value":1.45165582025523},{"period":"1979","value":-3.47638137258392},{"period":"1980","value":-11.00901069391},{"period":"1981","value":2.32802852986955},{"period":"1982","value":4.17243358667393},{"period":"1983","value":-0.343774615182181},{"period":"1984","value":10.0609392633633},{"period":"1985","value":4.61121837055306},{"period":"1986","value":-1.99176655710082},{"period":"1987","value":-2.04446707410394},{"period":"1988","value":-0.0758087440880627},{"period":"1989","value":2.35021610085897},{"period":"1990","value":4.81141525707442},{"period":"1991","value":4.02749326213876},{"period":"1992","value":3.65413735758885},{"period":"1993","value":2.46468782587437},{"period":"1994","value":5.25546972667239},{"period":"1995","value":6.36739524038957},{"period":"1996","value":10.6448093668748},{"period":"1997","value":10.9698989159021},{"period":"1998","value":12.6910336213851},{"period":"1999","value":10.3950669798212},{"period":"2000","value":4.87058238653657},{"period":"2001","value":5.53834143339364},{"period":"2002","value":2.85418551575979},{"period":"2003","value":8.04784838936572},{"period":"2004","value":4.95038435886218},{"period":"2005","value":4.76148920296545},{"period":"2006","value":4.81030227960517},{"period":"2007","value":4.54604566856022},{"period":"2008","value":6.74515150291692},{"period":"2009","value":2.80250897674709},{"period":"2010","value":3.49095978979672},{"period":"2011","value":3.27930122317635},{"period":"2012","value":3.88287299810937},{"period":"2013","value":2.50924549715633},{"period":"2014","value":3.56702763012509},{"period":"2015","value":3.66774283297156},{"period":"2016","value":3.27825167845196},{"period":"2017","value":4.64731548547952},{"period":"2018","value":5.85618355804153},{"period":"2019","value":5.26841565254553},{"period":"2020","value":2.19841383909371},{"period":"2021","value":0.595087859723449},{"period":"2022","value":3.37387624023208},{"period":"2023","value":6.47206699043374},{"period":"2024","value":7.41753982186412},{"period":"2025","value":7.6835409853926}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% per annum (inflation-adjusted)"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2025","value":"7.7","yoyChange":"+0.3pp"},{"year":"2024","value":"7.4","yoyChange":"+0.9pp"},{"year":"2023","value":"6.5","yoyChange":"+3.1pp"},{"year":"2022","value":"3.4","yoyChange":"+2.8pp"},{"year":"2021","value":"0.6","yoyChange":"-1.6pp"},{"year":"2020","value":"2.2","yoyChange":"-3.1pp"},{"year":"2019","value":"5.3","yoyChange":"-0.6pp"},{"year":"2018","value":"5.9","yoyChange":"+1.3pp"},{"year":"2017","value":"4.6","yoyChange":"+1.3pp"},{"year":"2016","value":"3.3","yoyChange":"-0.4pp"},{"year":"2015","value":"3.7","yoyChange":"+0.1pp"},{"year":"2014","value":"3.6","yoyChange":"+1.1pp"},{"year":"2013","value":"2.5","yoyChange":"-1.4pp"},{"year":"2012","value":"3.9","yoyChange":"+0.6pp"},{"year":"2011","value":"3.3","yoyChange":"-0.2pp"},{"year":"2010","value":"3.5","yoyChange":"+0.7pp"},{"year":"2009","value":"2.8","yoyChange":"-3.9pp"},{"year":"2008","value":"6.7","yoyChange":"+2.2pp"},{"year":"2007","value":"4.5","yoyChange":"-0.3pp"},{"year":"2006","value":"4.8","yoyChange":"unchanged"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks the real interest rate (lending rate adjusted for inflation using GDP deflator) in South Africa from 1990 to present. Real rates determine the true cost of capital for investment. It is published by World Bank and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2025. World Bank typically publishes this series with a lag of several months after the reference period. The series runs 1976–2025 (50 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 12.7 % per annum (inflation-adjusted) in 1998 and reached its lowest recorded value of -11 in 1980. The latest reading of 7.7 in 2025 represents a change of +0.3pp."}]}