Bank net interest margin in Canada
Canada: Bank net interest margin was 1.6% in 2021. ▼ Falling
Bank net interest margin in Canada, 2000–2021
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
In 2021, bank net interest margin in Canada stood at 1.6%. That is the lowest value across all 22 years on record.
Compared with earlier readings it is down 4.7% on the previous year and down 51.0% over ten years.
Over the whole period, bank net interest margin in Canada peaked at 4.2% in 2010 and was at its lowest, 1.6%, in 2021.
That places Canada 139th out of 166 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 22 years of available data.
Bank net interest margin in Canada, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 2.0% | — |
| 2001 | 1.7% | -14.7% |
| 2002 | 2.2% | +27.6% |
| 2003 | 2.3% | +7.1% |
| 2004 | 2.1% | -10.7% |
| 2005 | 1.6% | -23.7% |
| 2006 | 1.8% | +16.0% |
| 2007 | 2.1% | +15.4% |
| 2008 | 1.9% | -12.2% |
| 2009 | 3.2% | +73.1% |
| 2010 | 4.2% | +27.9% |
| 2011 | 3.2% | -22.0% |
| 2012 | 1.9% | -42.4% |
| 2013 | 1.8% | -4.2% |
| 2014 | 1.7% | -3.8% |
| 2015 | 1.6% | -5.3% |
| 2016 | 1.7% | +5.0% |
| 2017 | 1.7% | +2.3% |
| 2018 | 1.7% | -1.3% |
| 2019 | 1.8% | +1.5% |
| 2020 | 1.7% | -4.9% |
| 2021 | 1.6% | -4.7% |
Canada compared with similar countries
- Canada's 1.6% is below the median for high income countries, which is 1.9%, 82% of the median. (62 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.6% | 3.2% | 10 |
| 2010s | 2.1% | 1.6% | 4.2% | 10 |
| 2020s | 1.6% | 1.6% | 1.7% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is bank net interest margin in Canada?
- Bank net interest margin in Canada was 1.6% in 2021, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank net interest margin recorded in Canada?
- The highest recorded value was 4.2% in 2010.
- What is the lowest bank net interest margin recorded in Canada?
- The lowest recorded value was 1.6% in 2021.
- How does Canada rank for bank net interest margin?
- Canada ranks 139th out of 166 countries with data for 2021.
- Is bank net interest margin rising or falling in Canada?
- Over the last ten years it is down 51.0%. The long-run trend across the full record is falling.
- Where does this Canada data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank net interest margin (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. Data2080[t] / ((data2010[t] + data2010[t-1])/2). Numerator and denominator are aggregated on the country level before division. Note that banks used in the calculation might differ between indicators. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.