Interest rate spread (lending rate minus deposit rate, %) - Country Ranking

Definition: Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.

Source: International Monetary Fund, International Financial Statistics and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Madagascar 42.64 2018
2 Brazil 32.21 2018
3 Tajikistan 23.35 2018
4 Dem. Rep. Congo 19.88 2018
5 Lao PDR 19.61 2010
6 The Gambia 19.00 2018
7 Kyrgyz Republic 17.09 2018
8 São Tomé and Principe 16.08 2018
9 Paraguay 14.14 2017
10 Sierra Leone 13.85 2018
11 Peru 13.82 2016
12 Angola 13.80 2018
13 Somalia 13.04 1988
14 Timor-Leste 12.81 2018
15 Argentina 12.28 2018
16 Guyana 12.01 2018
17 Bhutan 12.00 2018
18 Rwanda 11.56 2018
19 Mauritania 11.33 2017
20 Jamaica 10.85 2018
21 Uganda 10.46 2018
22 Solomon Islands 10.41 2018
23 Lesotho 9.96 2018
24 Nicaragua 9.58 2018
25 Honduras 9.51 2018
26 Mozambique 9.43 2018
27 Tanzania 9.21 2018
28 Seychelles 9.02 2018
29 Comoros 8.75 2018
30 Liberia 8.22 2017
31 Barbados 7.90 2018
32 Papua New Guinea 7.87 2017
33 Dominican Republic 7.80 2017
34 Guatemala 7.75 2018
35 Trinidad and Tobago 7.59 2018
36 Iraq 7.58 2016
37 Colombia 7.41 2018
38 Antigua and Barbuda 7.32 2018
39 Ukraine 7.23 2018
40 Croatia 7.23 2014
41 Nigeria 7.20 2018
42 Azerbaijan 7.17 2018
43 Cabo Verde 7.12 2018
44 Belize 7.12 2018
45 Costa Rica 7.11 2018
46 Uruguay 7.08 2018
47 Haiti 6.97 2018
48 Yemen 6.83 2013
49 St. Kitts and Nevis 6.78 2018
50 St. Vincent and the Grenadines 6.66 2018
51 Eswatini 6.55 2018
52 St. Lucia 6.54 2018
53 Montenegro 6.48 2011
54 Grenada 6.45 2018
55 Venezuela 6.33 2017
56 Algeria 6.25 2018
57 Samoa 6.19 2018
58 Dominica 6.18 2018
59 Egypt 6.00 2018
60 Romania 5.50 2018
61 Panama 5.36 2017
62 Mongolia 5.28 2018
63 Iran 5.20 2016
64 Tonga 5.20 2018
65 Brunei 5.19 2018
66 Macao SAR, China 5.19 2018
67 Albania 5.18 2018
68 Singapore 5.17 2018
69 Mauritius 5.16 2018
70 Suriname 5.06 2018
71 Bolivia 5.00 2018
72 Myanmar 5.00 2018
73 Hong Kong SAR, China 5.00 2018
74 Botswana 4.98 2018
75 Bulgaria 4.94 2018
76 Guinea 4.85 2001
77 Mexico 4.81 2018
78 Kenya 4.77 2018
79 Zimbabwe 4.60 2018
80 Indonesia 4.41 2018
81 Moldova 4.36 2018
82 Jordan 4.28 2018
83 Namibia 4.28 2018
84 Bahrain 4.17 2015
85 Armenia 4.13 2018
86 North Macedonia 4.07 2018
87 Russia 3.50 2018
88 Libya 3.50 2014
89 The Bahamas 3.41 2018
90 Ethiopia 3.32 2008
91 Pakistan 3.31 2018
92 Australia 3.28 2018
93 Czech Republic 3.27 2018
94 Kuwait 3.16 2018
95 South Africa 3.09 2018
96 Philippines 3.00 2018
97 Bangladesh 2.99 2018
98 Zambia 2.99 2018
99 Switzerland 2.94 2018
100 Israel 2.92 2018
101 Thailand 2.86 2018
102 China 2.85 2018
103 Bosnia and Herzegovina 2.81 2018
104 Belarus 2.78 2018
105 United Kingdom 2.75 1998
106 Vietnam 2.72 2018
107 Sri Lanka 2.70 2018
108 Canada 2.60 2017
109 Sweden 2.59 2006
110 Fiji 2.41 2017
111 Georgia 2.29 2018
112 Vanuatu 2.24 2018
113 Malaysia 1.78 2018
114 Oman 1.71 2017
115 Korea 1.64 2018
116 San Marino 1.53 2018
117 Qatar 1.53 2018
118 Chile 1.48 2018
119 New Zealand 1.46 2017
120 Hungary 1.41 2018
121 Lebanon 1.37 2018
122 Japan 0.67 2017
123 Netherlands -0.94 2013
124 Benin -1.35 2017
124 Guinea-Bissau -1.35 2017
124 Senegal -1.35 2017
124 Burkina Faso -1.35 2017
124 Côte d'Ivoire -1.35 2017
124 Mali -1.35 2017
124 Niger -1.35 2017
124 Togo -1.35 2017
132 Serbia -8.61 2015

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Development Relevance: Both banking and financial systems enhance growth, the main factor in poverty reduction. At low levels of economic development commercial banks tend to dominate the financial system, while at higher levels domestic stock markets tend to become more active and efficient. The size and mobility of international capital flows make it increasingly important to monitor the strength of financial systems. Robust financial systems can increase economic activity and welfare, but instability can disrupt financial activity and impose widespread costs on the economy.

Limitations and Exceptions: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.

Statistical Concept and Methodology: The interest rate spread - the margin between the cost of mobilizing liabilities and the earnings on assets - measures financial sector efficiency in intermediation. A narrow spread means low transaction costs, which reduces the cost of funds for investment, crucial to economic growth.

Aggregation method: Median

Periodicity: Annual