5 Countries With Highest Interest Rates

3. Bolivarian Republic of Venezuela

Interest rate as of November 2022: 57.68%

The Bolivarian Republic of Venezuela is a South American country that gained independence from Spain in 1811. The country has witnessed significant political turmoil over the last century, in the form of military coups, attempted coups, and political assassinations. The Bolivarian Republic of Venezuela also has the world’s largest oil reserves, which sit at a whopping 300 billion barrels. Yet, the country is on the road of hyperinflation, with prices growing by hundreds and thousands of percentage points. The Bolivarian Republic of Venezuela’s interest rate is 57.68% and inflation has ‘stabilized’ to 156%.