Latin America & Caribbean vs Mongolia: Interest rate spread (lending rate minus deposit rate, %)
Interest rate spread (lending rate minus deposit rate, %) over time
- Latin America & Caribbean
- Mongolia
How they compare
Mongolia currently reports 9.4% against 6.1% in Latin America & Caribbean, a difference of 3.3%.
That makes Mongolia's figure about 1.5 times Latin America & Caribbean's.
The two have swapped places 2 times across 24 shared years of data; in 1998 it was Mongolia ahead.
Latin America & Caribbean ranks 21st and Mongolia ranks 22nd of 40 groups.
Across the 4 decades both report, Latin America & Caribbean averaged higher in 1 and Mongolia in 3.
Head to head by decade
| Decade | Latin America & Caribbean | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.4% | 17.7% | 9.3% | Mongolia |
| 2000s | 7.5% | 15.8% | 8.3% | Mongolia |
| 2010s | 7.1% | 6.6% | 0.6% | Latin America & Caribbean |
| 2020s | 6.2% | 8.0% | 1.8% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest rate spread, Latin America & Caribbean or Mongolia?
- Mongolia, at 9.4% against 6.1% in Latin America & Caribbean as of 2021.
- What is the difference in interest rate spread between Latin America & Caribbean and Mongolia?
- 3.3%, with Mongolia ahead.
- How many years of comparable data are there for Latin America & Caribbean and Mongolia?
- 24 years are reported by both, from 1998 to 2021.
- How do Latin America & Caribbean and Mongolia rank globally for interest rate spread?
- Latin America & Caribbean ranks 21st and Mongolia ranks 22nd 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.
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.