Interest rate spread in Benin
Benin: Interest rate spread was 0.9% in 2021. ◆ Volatile
Interest rate spread in Benin, 2005–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Benin recorded 0.9% for interest rate spread in 2021.
The figure is down 34.1% on the previous year and up 129.3% over ten years.
Over the whole period, interest rate spread in Benin peaked at 1.7% in 2017 and was at its lowest, -3.6%, in 2009.
Benin ranks 126th of 140 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread in Benin, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2005 | 0.4% | — |
| 2006 | -3.1% | -806.5% |
| 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% |
| 2017 | 1.7% | -202.3% |
| 2018 | 1.4% | -17.8% |
| 2019 | 1.4% | +0.5% |
| 2020 | 1.4% | +4.8% |
| 2021 | 0.9% | -34.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -2.5% | -3.6% | 0.4% | 5 |
| 2010s | -1.3% | -3.3% | 1.7% | 10 |
| 2020s | 1.2% | 0.9% | 1.4% | 2 |
Countries ranked near Benin
- 123 New Zealand 1.5% compare
- 124 Republic of Korea 1.5% compare
- 125 Oman 1.3% compare
- 126 Burkina Faso 0.9% compare
- 128 Lebanon 0.8% compare
- 129 Zambia 0.8% compare
More financial sector data for Benin
- Net domestic credit (current LCU), annual growth rate 13.87 % change on previous year (2025)
- Net domestic credit (current LCU), per unit of GDP 136.31 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), per capita 226,044 current LCU per person (2025)
- Net foreign assets (current LCU), annual growth rate 10.36 % change on previous year (2025)
- Net foreign assets (current LCU), per unit of GDP 91.41 current LCU per US$ of GDP (2025)
- Net foreign assets (current LCU), per capita 151,577 current LCU per person (2025)
- Net migration, annual growth rate -1.58 % change on previous year (2025)
- Net migration -7,847 (2025)
- Official exchange rate 581.93 LCU per US$, period average (2025)
- Domestic credit to private sector 19.8% (2025)
Frequently asked questions
- What is interest rate spread in Benin?
- Interest rate spread in Benin was 0.9% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Benin?
- The highest recorded value was 1.7% in 2017.
- What is the lowest interest rate spread recorded in Benin?
- The lowest recorded value was -3.6% in 2009.
- How does Benin rank for interest rate spread?
- Benin ranks 126th out of 140 countries with data for 2021.
- Is interest rate spread rising or falling in Benin?
- Over the last ten years it is up 129.3%. The long-run trend across the full record is volatile.
- Where does this Benin 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.