Heavily indebted poor countries (HIPC) vs Madagascar: Interest rate spread

Heavily indebted poor countries (HIPC)
9.8%
in 2017
Madagascar
47.9%
in 2025
Heavily indebted poor countries (HIPC) rank
1st
Madagascar rank
1st

Interest rate spread over time

  • Heavily indebted poor countries (HIPC)
  • Madagascar
01020304050198920072025

How they compare

Madagascar currently reports 47.9% against 9.8% in Heavily indebted poor countries (HIPC), a difference of 38.1%.

That makes Madagascar's figure about 4.9 times Heavily indebted poor countries (HIPC)'s.

Across all 13 years both countries report, Madagascar has been ahead every year.

Heavily indebted poor countries (HIPC) ranks 1st and Madagascar ranks 1st of 40 groups.

Madagascar has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Heavily indebted poor countries (HIPC) Madagascar Difference Ahead
2000s 8.6% 21.1% 12.5% Madagascar
2010s 8.8% 44.2% 35.4% Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest rate spread, Heavily indebted poor countries (HIPC) or Madagascar?
Madagascar, at 47.9% against 9.8% in Heavily indebted poor countries (HIPC) as of 2025.
What is the difference in interest rate spread between Heavily indebted poor countries (HIPC) and Madagascar?
38.1%, with Madagascar ahead.
How many years of comparable data are there for Heavily indebted poor countries (HIPC) and Madagascar?
13 years are reported by both, from 2005 to 2017.
How do Heavily indebted poor countries (HIPC) and Madagascar rank globally for interest rate spread?
Heavily indebted poor countries (HIPC) ranks 1st and Madagascar ranks 1st of 40 groups.
Where does this data come from?
International Financial Statistics database, International Monetary Fund (IMF), published as Interest rate spread (lending rate minus deposit rate, %). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Heavily indebted poor countries (HIPC) vs Madagascar: Interest rate spread. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 12 September 2026, from https://financial-sector.statizoid.com/compare/interest-rate-spread-lending-rate-minus-deposit-rate-percent/heavily-indebted-poor-countries-hipc/madagascar/

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About this data

Indicator
Interest rate spread (lending rate minus deposit rate, %)
Unit
lending rate minus deposit rate, %
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
181 places, 5,163 data points, 1967–2025
Last refreshed

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.