Nigeria vs Tonga: Interest rate spread
Nigeria
6.2%
in 2023
Tonga
6.1%
in 2025
Nigeria rank
51st
Tonga rank
53rd
Interest rate spread over time
- Nigeria
- Tonga
How they compare
Nigeria currently reports 6.2% against 6.1% in Tonga, a difference of 0.1%.
The two have swapped places 1 time across 12 shared years of data; in 2012 it was Nigeria ahead.
Nigeria ranks 51st and Tonga ranks 53rd of 141 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | Tonga | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 7.9% | 5.6% | 2.3% | Nigeria |
| 2020s | 7.2% | 6.0% | 1.2% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest rate spread, Nigeria or Tonga?
- Nigeria, at 6.2% against 6.1% in Tonga as of 2023.
- What is the difference in interest rate spread between Nigeria and Tonga?
- 0.1%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Tonga?
- 12 years are reported by both, from 2012 to 2023.
- How do Nigeria and Tonga rank globally for interest rate spread?
- Nigeria ranks 51st and Tonga ranks 53rd 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.