Interest rate spread in Africa Eastern and Southern
Africa Eastern and Southern: Interest rate spread was 7.4% in 2024. ▼ Falling
Interest rate spread in Africa Eastern and Southern, 1995–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
The most recent figure for interest rate spread in Africa Eastern and Southern is 7.4%, measured in 2024.
Compared with earlier readings it is down 2.7% on the previous year and down 8.8% over ten years.
Over the whole period, interest rate spread in Africa Eastern and Southern peaked at 11.2% in 1999 and was at its lowest, 6.5%, in 2021.
Africa Eastern and Southern ranks 9th of 40 groups on this measure, in the top quarter.
The long-run direction has been consistently falling across the 30 years of available data.
Interest rate spread in Africa Eastern and Southern, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1995 | 8.6% | — |
| 1996 | 8.6% | +0.5% |
| 1997 | 8.3% | -3.4% |
| 1998 | 9.3% | +11.9% |
| 1999 | 11.2% | +19.6% |
| 2000 | 10.3% | -8.1% |
| 2001 | 10.2% | -0.9% |
| 2002 | 10.0% | -1.8% |
| 2003 | 10.0% | -0.1% |
| 2004 | 9.0% | -9.4% |
| 2005 | 7.9% | -12.6% |
| 2006 | 8.1% | +2.5% |
| 2007 | 8.0% | -1.2% |
| 2008 | 7.9% | -1.6% |
| 2009 | 8.1% | +3.2% |
| 2010 | 9.3% | +14.1% |
| 2011 | 8.6% | -7.0% |
| 2012 | 7.9% | -8.9% |
| 2013 | 7.4% | -5.9% |
| 2014 | 8.1% | +10.1% |
| 2015 | 7.6% | -7.0% |
| 2016 | 8.8% | +16.4% |
| 2017 | 8.7% | -1.3% |
| 2018 | 9.1% | +4.9% |
| 2019 | 9.0% | -1.0% |
| 2020 | 8.1% | -9.8% |
| 2021 | 6.5% | -19.6% |
| 2022 | 7.4% | +12.8% |
| 2023 | 7.6% | +3.3% |
| 2024 | 7.4% | -2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.2% | 8.3% | 11.2% | 5 |
| 2000s | 8.9% | 7.9% | 10.3% | 10 |
| 2010s | 8.4% | 7.4% | 9.3% | 10 |
| 2020s | 7.4% | 6.5% | 8.1% | 5 |
Countries ranked near Africa Eastern and Southern
- 6 Kyrgyzstan 18.1% compare
- 7 Congo, Democratic Republic of the 17.6% compare
- 8 Gambia 15.5% compare
- 9 Sao Tome and Principe 15.2% compare
- 10 Sierra Leone 14.4% compare
- 11 South Sudan 14.2% compare
- 12 Somalia 13.0%
More financial sector data for Africa Eastern and Southern
- Net migration 114,862 (2025)
- Monetary Sector credit to private sector 33.3% (2023)
- Broad money 50.7% (2024)
- Claims on central government, etc. 19.1% (2024)
- Domestic credit to private sector 50.7% (2024)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 21.9 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports 6.09 (2025)
- Net migration, annual growth rate 117.14 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Africa Eastern and Southern?
- Interest rate spread in Africa Eastern and Southern was 7.4% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Africa Eastern and Southern?
- The highest recorded value was 11.2% in 1999.
- What is the lowest interest rate spread recorded in Africa Eastern and Southern?
- The lowest recorded value was 6.5% in 2021.
- How does Africa Eastern and Southern rank for interest rate spread?
- Africa Eastern and Southern ranks 9th out of 40 groups with data for 2024.
- Is interest rate spread rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 8.8%. The long-run trend across the full record is falling.
- Where does this Africa Eastern and Southern data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.