Interest rate spread (lending rate minus deposit rate, %) in Armenia
Armenia: Interest rate spread (lending rate minus deposit rate, %) was 5.8% in 2025. ◆ Volatile
Interest rate spread in Armenia, 1995–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Armenia recorded 5.8% for interest rate spread in 2025.
That represents a change of up 15.1% on the previous year and up 67.2% over ten years.
Over the whole period, interest rate spread in Armenia peaked at 39.9% in 1995 and was at its lowest, 3.2%, in 2022.
Armenia ranks 61st of 141 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread (lending rate minus deposit rate, %) in Armenia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1995 | 39.9% | — |
| 1996 | 34.2% | -14.4% |
| 1997 | 28.2% | -17.6% |
| 1998 | 23.5% | -16.3% |
| 1999 | 11.5% | -51.2% |
| 2000 | 13.5% | +17.3% |
| 2001 | 11.8% | -12.6% |
| 2002 | 11.5% | -2.1% |
| 2003 | 14.0% | +20.9% |
| 2004 | 13.7% | -1.6% |
| 2005 | 12.2% | -11.4% |
| 2006 | 10.7% | -12.2% |
| 2007 | 11.3% | +5.4% |
| 2008 | 10.4% | -7.5% |
| 2009 | 10.1% | -3.0% |
| 2010 | 10.3% | +1.4% |
| 2011 | 8.5% | -17.0% |
| 2012 | 7.7% | -9.9% |
| 2013 | 5.8% | -23.8% |
| 2014 | 6.0% | +2.5% |
| 2015 | 3.4% | -42.5% |
| 2016 | 5.7% | +66.8% |
| 2017 | 5.4% | -6.1% |
| 2018 | 4.1% | -23.4% |
| 2019 | 3.7% | -11.5% |
| 2020 | 3.5% | -4.2% |
| 2021 | 3.5% | +0.5% |
| 2022 | 3.2% | -7.8% |
| 2023 | 4.0% | +24.0% |
| 2024 | 5.0% | +24.3% |
| 2025 | 5.8% | +15.1% |
Armenia compared with similar countries
- Armenia's 5.8% is above the median for upper middle income countries, which is 5.4%, 1.1× the median. (49 countries reporting)
- Armenia's 5.8% is above the median for Europe & Central Asia, which is 4.0%, 1.4× the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.5% | 11.5% | 39.9% | 5 |
| 2000s | 11.9% | 10.1% | 14.0% | 10 |
| 2010s | 6.1% | 3.4% | 10.3% | 10 |
| 2020s | 4.2% | 3.2% | 5.8% | 6 |
Countries ranked near Armenia
More financial sector data for Armenia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0665 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0486 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0665 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Armenia?
- Interest rate spread in Armenia was 5.8% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Armenia?
- The highest recorded value was 39.9% in 1995.
- What is the lowest interest rate spread recorded in Armenia?
- The lowest recorded value was 3.2% in 2022.
- How does Armenia rank for interest rate spread?
- Armenia ranks 61st out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Armenia?
- Over the last ten years it is up 67.2%. The long-run trend across the full record is volatile.
- Where does this Armenia 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.