Interest rate spread (lending rate minus deposit rate, %) by country
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.
Countries reporting
141
Highest
47.9%
Madagascar
Lowest
-6.4%
Serbia
Median
5.1%
Years covered
59
1967–2025
Data points
5,188
What the numbers show
Interest rate spread (lending rate minus deposit rate, %) is currently reported for 141 countries. The highest value is 47.9% in Madagascar; the lowest is -6.4% in Serbia.
The median across all reporting countries is 5.1%, and the mean is 6.2%.
The gap between the highest and lowest reporting country is a factor of about 7.
Over the past decade 58 countries rose and 81 fell. The largest increase was in San Marino (up 5,418.9%), and the largest decrease in New Zealand (down 294.2%).
Interest rate spread (lending rate minus deposit rate, %): full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Madagascar | 47.9% | 2025 | up 14.0% | volatile |
| 2 | Zimbabwe | 40.1% | 2025 | up 2,083.7% | volatile |
| 3 | Brazil | 32.5% | 2024 | up 47.9% | falling |
| 4 | Laos | 19.6% | 2010 | down 1.9% | rising |
| 5 | Tajikistan | 18.4% | 2019 | up 22.2% | rising |
| 6 | Kyrgyzstan | 18.1% | 2024 | up 2.7% | falling |
| 7 | Democratic Republic of Congo | 16.2% | 2025 | up 3.2% | falling |
| 8 | Gambia | 15.5% | 2025 | up 29.3% | rising |
| 9 | Sao Tome and Principe | 15.4% | 2025 | down 6.3% | falling |
| 10 | Sierra Leone | 14.4% | 2025 | up 1.1% | rising |
| 11 | South Sudan | 14.2% | 2025 | up 12.9% | rising |
| 12 | Somalia | 13.0% | 1988 | up 334.7% | volatile |
| 13 | Micronesia (country) | 12.6% | 2021 | down 8.6% | rising |
| 14 | Mozambique | 11.8% | 2025 | up 85.7% | rising |
| 15 | Angola | 11.4% | 2025 | down 16.0% | volatile |
| 16 | Mauritania | 11.3% | 2017 | down 26.9% | rising |
| 17 | Argentina | 11.2% | 2025 | up 197.8% | volatile |
| 18 | Uganda | 10.5% | 2018 | up 7.0% | rising |
| 19 | Tanzania | 10.0% | 2020 | up 26.2% | falling |
| 20 | East Timor | 10.0% | 2025 | down 21.8% | falling |
| 21 | Ukraine | 9.7% | 2025 | up 10.6% | volatile |
| 22 | Mongolia | 9.4% | 2021 | up 53.3% | volatile |
| 23 | Liberia | 9.2% | 2025 | down 3.8% | rising |
| 24 | Paraguay | 9.1% | 2021 | down 32.1% | falling |
| 25 | Myanmar | 9.0% | 2020 | up 0.9% | falling |
| 26 | Lesotho | 8.7% | 2024 | up 14.9% | rising |
| 27 | Haiti | 8.7% | 2025 | up 1.0% | falling |
| 28 | Vanuatu | 8.1% | 2025 | up 4.7% | flat |
| 29 | Maldives | 8.1% | 2025 | up 15.7% | rising |
| 30 | Papua New Guinea | 8.0% | 2024 | down 11.2% | rising |
| 31 | Barbados | 7.9% | 2022 | up 28.8% | rising |
| 32 | Suriname | 7.8% | 2025 | up 53.6% | falling |
| 33 | Peru | 7.8% | 2022 | down 49.4% | volatile |
| 34 | Guatemala | 7.7% | 2025 | down 0.2% | falling |
| 35 | Guyana | 7.5% | 2025 | down 36.4% | rising |
| 36 | Iraq | 7.4% | 2015 | up 8.4% | flat |
| 37 | Seychelles | 7.4% | 2025 | down 19.7% | rising |
| 38 | Bhutan | 7.3% | 2025 | down 33.4% | rising |
| 39 | Croatia | 7.2% | 2014 | down 26.8% | volatile |
| 40 | Nigeria | 7.2% | 2025 | down 6.7% | rising |
| 41 | Jamaica | 7.0% | 2025 | down 46.7% | rising |
| 42 | Eswatini | 7.0% | 2024 | up 7.5% | rising |
| 43 | Nicaragua | 6.9% | 2025 | down 37.4% | volatile |
| 44 | Yemen | 6.8% | 2013 | up 36.7% | falling |
| 45 | Samoa | 6.8% | 2025 | down 3.2% | falling |
| 46 | Belize | 6.5% | 2025 | down 15.8% | rising |
| 47 | Venezuela | 6.3% | 2017 | down 1.1% | volatile |
| 48 | Bolivia | 6.3% | 2025 | down 5.8% | volatile |
| 49 | Algeria | 6.2% | 2025 | unchanged | rising |
| 50 | Mexico | 6.2% | 2025 | up 118.9% | volatile |
| 51 | Cape Verde | 6.2% | 2025 | down 17.6% | falling |
| 52 | Honduras | 6.1% | 2025 | down 43.9% | flat |
| 53 | Tonga | 6.1% | 2025 | up 16.2% | flat |
| 54 | Montenegro | 6.0% | 2025 | down 19.1% | flat |
| 55 | Trinidad and Tobago | 6.0% | 2025 | down 10.2% | falling |
| 56 | Azerbaijan | 6.0% | 2025 | down 29.9% | falling |
| 57 | Comoros | 6.0% | 2022 | down 31.8% | falling |
| 58 | Grenada | 5.9% | 2025 | down 17.2% | falling |
| 59 | Panama | 5.9% | 2006 | up 55.1% | rising |
| 60 | Saint Vincent and the Grenadines | 5.8% | 2025 | down 19.0% | rising |
| 61 | Armenia | 5.8% | 2025 | up 67.2% | volatile |
| 62 | Rwanda | 5.7% | 2024 | down 36.9% | rising |
| 63 | Namibia | 5.6% | 2024 | up 25.4% | falling |
| 64 | Dominican Republic | 5.5% | 2024 | down 26.9% | falling |
| 65 | Colombia | 5.4% | 2025 | down 22.1% | falling |
| 66 | Kosovo | 5.3% | 2018 | down 49.7% | falling |
| 66 | Kosovo (UNSCR 1244) | 5.3% | 2018 | down 49.7% | falling |
| 68 | Georgia | 5.3% | 2025 | up 48.7% | volatile |
| 69 | Iran | 5.2% | 2016 | up 113.1% | volatile |
| 70 | Brunei | 5.2% | 2025 | up 0.4% | rising |
| 71 | Egypt | 5.1% | 2024 | up 7.1% | falling |
| 72 | Macao | 5.1% | 2025 | down 1.6% | rising |
| 73 | Singapore | 5.1% | 2021 | down 1.6% | rising |
| 74 | Saint Lucia | 5.1% | 2025 | down 23.0% | falling |
| 75 | Antigua and Barbuda | 5.1% | 2025 | down 31.4% | rising |
| 76 | Uzbekistan | 5.0% | 2024 | up 486.8% | volatile |
| 77 | Hong Kong | 5.0% | 2025 | down 0.3% | rising |
| 78 | Guinea | 4.8% | 2001 | up 94.0% | volatile |
| 79 | Solomon Islands | 4.7% | 2021 | down 57.8% | falling |
| 80 | Kenya | 4.6% | 2024 | down 43.4% | volatile |
| 81 | Albania | 4.6% | 2024 | down 24.4% | falling |
| 82 | Vietnam | 4.5% | 2023 | up 40.4% | falling |
| 83 | Mauritius | 4.5% | 2025 | up 84.8% | volatile |
| 84 | Saint Kitts and Nevis | 4.4% | 2025 | down 33.5% | falling |
| 85 | Dominica | 4.2% | 2025 | down 32.0% | falling |
| 86 | Moldova | 4.2% | 2025 | up 94.1% | falling |
| 87 | Belarus | 4.2% | 2025 | up 329.2% | volatile |
| 88 | Bahrain | 4.2% | 2015 | down 10.9% | rising |
| 89 | Bulgaria | 4.0% | 2025 | down 41.6% | falling |
| 90 | Botswana | 3.9% | 2024 | down 39.5% | volatile |
| 91 | Thailand | 3.8% | 2025 | up 16.2% | falling |
| 92 | Bahamas | 3.7% | 2025 | up 9.4% | rising |
| 93 | Australia | 3.5% | 2019 | up 20.4% | volatile |
| 94 | Libya | 3.5% | 2014 | down 12.5% | rising |
| 95 | Costa Rica | 3.4% | 2025 | down 71.0% | falling |
| 96 | Ethiopia | 3.3% | 2008 | down 26.1% | falling |
| 97 | Palestine | 3.3% | 2021 | down 47.0% | falling |
| 98 | Romania | 3.3% | 2025 | down 32.5% | volatile |
| 99 | South Africa | 3.2% | 2025 | down 1.6% | falling |
| 100 | Indonesia | 3.1% | 2025 | down 28.5% | volatile |
| 101 | Czechia | 3.1% | 2025 | down 18.2% | falling |
| 102 | San Marino | 3.1% | 2025 | up 5,418.9% | falling |
| 103 | Philippines | 3.0% | 2019 | down 48.3% | falling |
| 104 | Aruba | 3.0% | 2023 | down 43.4% | flat |
| 105 | Pakistan | 2.9% | 2021 | down 52.9% | falling |
| 106 | Fiji | 2.9% | 2024 | down 37.9% | falling |
| 107 | China | 2.9% | 2024 | unchanged | volatile |
| 108 | Uruguay | 2.8% | 2025 | down 73.0% | volatile |
| 109 | United Kingdom | 2.7% | 1998 | up 77.4% | volatile |
| 110 | Switzerland | 2.7% | 2025 | down 3.0% | rising |
| 111 | North Macedonia | 2.7% | 2025 | down 40.9% | falling |
| 112 | Norway | 2.7% | 2025 | up 22.2% | rising |
| 113 | Jordan | 2.6% | 2025 | down 47.3% | falling |
| 114 | Canada | 2.6% | 2017 | down 35.3% | rising |
| 115 | Sweden | 2.6% | 2006 | down 48.5% | falling |
| 116 | Sri Lanka | 2.5% | 2019 | down 50.0% | volatile |
| 117 | Israel | 2.5% | 2022 | down 18.5% | falling |
| 118 | Russia | 2.5% | 2024 | down 51.5% | volatile |
| 119 | Kuwait | 2.4% | 2025 | up 0.7% | rising |
| 120 | Malaysia | 2.4% | 2025 | up 67.9% | falling |
| 121 | Hungary | 2.3% | 2025 | up 28.6% | volatile |
| 122 | Bosnia and Herzegovina | 2.2% | 2025 | down 40.8% | falling |
| 123 | Chile | 1.5% | 2018 | down 74.4% | falling |
| 124 | Korea | 1.5% | 2025 | down 15.4% | flat |
| 125 | Oman | 1.3% | 2021 | down 61.6% | rising |
| 126 | Benin | 0.9% | 2021 | up 129.3% | volatile |
| 126 | Burkina Faso | 0.9% | 2021 | up 129.3% | volatile |
| 128 | Lebanon | 0.8% | 2019 | down 63.7% | volatile |
| 129 | Zambia | 0.8% | 2020 | down 94.4% | volatile |
| 130 | Japan | 0.7% | 2017 | down 37.4% | falling |
| 131 | Qatar | 0.1% | 2025 | down 97.4% | falling |
| 132 | Bangladesh | -0.7% | 2025 | down 121.1% | volatile |
| 133 | Netherlands | -0.9% | 2013 | down 283.4% | volatile |
| 134 | Cote d'Ivoire | -1.6% | 2016 | up 47.2% | rising |
| 134 | Guinea-Bissau | -1.6% | 2016 | up 47.2% | rising |
| 134 | Mali | -1.6% | 2016 | up 47.2% | volatile |
| 134 | Niger | -1.6% | 2016 | up 47.2% | volatile |
| 134 | Senegal | -1.6% | 2016 | up 47.2% | rising |
| 134 | Togo | -1.6% | 2016 | up 47.2% | volatile |
| 140 | New Zealand | -3.9% | 2025 | down 294.2% | volatile |
| 141 | Serbia | -6.4% | 2010 | down 108.9% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Heavily indebted poor countries (HIPC) 9.8%
- Least developed countries 9.5%
- IDA only 9.4%
- Low income 9.3%
- Pre-demographic dividend 8.8%
- Sub-Saharan Africa (excluding high income) 8.7%
- Africa Eastern and Southern 8.1%
- IDA total 7.6%
- South Asia 7.3%
- South Asia (IDA & IBRD) 7.3%
- Sub-Saharan Africa 7.1%
- Sub-Saharan Africa (IDA & IBRD countries) 7.1%
- Other small states 6.7%
- Lower middle income 6.5%
- IDA blend 6.4%
- Latin America & Caribbean (excluding high income) 6.3%
- Early-demographic dividend 6.2%
- Latin America & the Caribbean (IDA & IBRD countries) 6.1%
- Pacific island small states 6.1%
- Low & middle income 6.1%
- Latin America & Caribbean 6.1%
- Small states 6.1%
- World 6.0%
- IDA & IBRD total 5.9%
- Middle income 5.8%
- Caribbean Small States 5.8%
- Upper middle income 5.8%
- East Asia & Pacific (IDA & IBRD countries) 5.6%
- Europe & Central Asia (excluding high income) 5.3%
- IBRD only 5.1%
- East Asia & Pacific 5.1%
- Late-demographic dividend 5.0%
- Arab World 4.8%
- Middle East, North Africa, Afghanistan & Pakistan (excluding high income) 4.8%
- Middle East, North Africa, Afghanistan & Pakistan (IDA & IBRD) 4.7%
- Europe & Central Asia (IDA & IBRD countries) 4.6%
- East Asia & Pacific (excluding high income) 4.5%
- Middle East, North Africa, Afghanistan & Pakistan 4.2%
- Post-demographic dividend 3.9%
- Africa Western and Central -1.6%
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.