Low & middle income vs Mongolia: Interest rate spread
Low & middle income
6.1%
in 2022
Mongolia
9.4%
in 2021
Low & middle income rank
20th
Mongolia rank
22nd
Interest rate spread over time
- Low & middle income
- Mongolia
How they compare
Mongolia currently reports 9.4% against 6.1% in Low & middle income, a difference of 3.3%.
That makes Mongolia's figure about 1.5 times Low & middle income's.
The two have swapped places 8 times across 23 shared years of data; in 1999 it was Mongolia ahead.
Low & middle income ranks 20th and Mongolia ranks 22nd of 40 groups.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Low & middle income | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 8.9% | 20.6% | 11.7% | Mongolia |
| 2000s | 7.5% | 15.8% | 8.3% | Mongolia |
| 2010s | 6.5% | 6.6% | 0.1% | Mongolia |
| 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, Low & middle income or Mongolia?
- Mongolia, at 9.4% against 6.1% in Low & middle income as of 2021.
- What is the difference in interest rate spread between Low & middle income and Mongolia?
- 3.3%, with Mongolia ahead.
- How many years of comparable data are there for Low & middle income and Mongolia?
- 23 years are reported by both, from 1999 to 2021.
- How do Low & middle income and Mongolia rank globally for interest rate spread?
- Low & middle income ranks 20th 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.