Analyzing Deposit Interest Rates in Middle Eastern and North African Countries (2013-2022)

The deposit interest rate is the rate paid by commercial banks or similar institutions for demand, time, or savings deposits. However, the terms and conditions associated with these rates vary from country to country, limiting their comparability. The chart displays the interest rates on deposits in six Middle Eastern and North African countries (Turkey, Egypt, Jordan, Morocco, Kuwait, and Israel) over a decade spanning from 2013 to 2022. Turkey has experienced higher and more volatile interest rates on deposits, reaching 27% in 2022. Countries like Morocco and Jordan show moderate rates, ranging from 2% to 5%, while Israel's deposit rates tend to be lower, often below 1%.