Jamaica vs Nigeria: Interest rate spread (lending rate minus deposit rate, %)
Jamaica
7.0%
in 2025
Nigeria
7.2%
in 2025
Jamaica rank
41st
Nigeria rank
40th
Interest rate spread (lending rate minus deposit rate, %) over time
- Jamaica
- Nigeria
How they compare
Nigeria currently reports 7.2% against 7.0% in Jamaica, a difference of 0.2%.
The two have swapped places 5 times across 48 shared years of data; in 1978 it was Jamaica ahead.
Jamaica ranks 41st and Nigeria ranks 40th of 141 countries.
Jamaica has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Jamaica | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 6.2% | 3.1% | 3.1% | Jamaica |
| 1980s | 6.5% | 2.4% | 4.1% | Jamaica |
| 1990s | 13.5% | 7.3% | 6.2% | Jamaica |
| 2000s | 7.6% | 6.8% | 0.8% | Jamaica |
| 2010s | 12.9% | 8.5% | 4.4% | Jamaica |
| 2020s | 7.4% | 6.8% | 0.6% | Jamaica |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest rate spread, Jamaica or Nigeria?
- Nigeria, at 7.2% against 7.0% in Jamaica as of 2025.
- What is the difference in interest rate spread between Jamaica and Nigeria?
- 0.2%, with Nigeria ahead.
- How many years of comparable data are there for Jamaica and Nigeria?
- 48 years are reported by both, from 1978 to 2025.
- How do Jamaica and Nigeria rank globally for interest rate spread?
- Jamaica ranks 41st and Nigeria ranks 40th of 141 countries.
- 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.
Individual pages
About this data
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.