Interest rate spread in Africa Western and Central
Africa Western and Central: Interest rate spread was -1.6% in 2016. ◆ Volatile
Interest rate spread in Africa Western and Central, 2005–2016
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 Western and Central is -1.6%, measured in 2016.
The figure is up 11.6% on the previous year and up 47.2% over ten years.
Over the whole period, interest rate spread in Africa Western and Central peaked at 2.2% in 2005 and was at its lowest, -3.6%, in 2009.
That places Africa Western and Central 40th out of 40 groups with data for 2016, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread in Africa Western and Central, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2005 | 2.2% | — |
| 2006 | -3.1% | -238.7% |
| 2007 | -3.1% | -0.8% |
| 2008 | -3.1% | +2.6% |
| 2009 | -3.6% | +14.7% |
| 2010 | -3.3% | -9.1% |
| 2011 | -3.2% | -0.9% |
| 2012 | -3.0% | -9.0% |
| 2013 | -2.4% | -19.9% |
| 2014 | -1.9% | -18.9% |
| 2015 | -1.8% | -3.9% |
| 2016 | -1.6% | -11.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.1% | -3.6% | 2.2% | 5 |
| 2010s | -2.5% | -3.3% | -1.6% | 7 |
Countries ranked near Africa Western and Central
More financial sector data for Africa Western and Central
- Net migration -338,771 (2025)
- Monetary Sector credit to private sector 12.6% (2022)
- Broad money 28.7% (2023)
- Claims on central government, etc. 10.2% (2022)
- Domestic credit to private sector 12.6% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 13.92 % 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 7.16 (2025)
- Net migration, annual growth rate -103.45 % change on previous year (2024)
Frequently asked questions
- What is interest rate spread in Africa Western and Central?
- Interest rate spread in Africa Western and Central was -1.6% in 2016, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Africa Western and Central?
- The highest recorded value was 2.2% in 2005.
- What is the lowest interest rate spread recorded in Africa Western and Central?
- The lowest recorded value was -3.6% in 2009.
- How does Africa Western and Central rank for interest rate spread?
- Africa Western and Central ranks 40th out of 40 groups with data for 2016.
- Is interest rate spread rising or falling in Africa Western and Central?
- Over the last ten years it is up 47.2%. The long-run trend across the full record is volatile.
- Where does this Africa Western and Central 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.
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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.