Interest rate spread in Bhutan
Bhutan: Interest rate spread was 7.3% in 2025. ▲ Rising
Interest rate spread in Bhutan, 1982–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2025, interest rate spread in Bhutan stood at 7.3%.
The figure is up 20.1% on the previous year and down 33.4% over ten years.
Over the whole period, interest rate spread in Bhutan peaked at 12.0% in 2018 and was at its lowest, 6.0%, in 2024.
Bhutan ranks 38th of 140 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 44 years of available data.
Interest rate spread in Bhutan, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1982 | 9.5% | — |
| 1983 | 9.5% | +0.0% |
| 1984 | 9.5% | +0.0% |
| 1985 | 8.9% | -6.1% |
| 1986 | 8.5% | -4.7% |
| 1987 | 8.5% | +0.0% |
| 1988 | 8.5% | +0.0% |
| 1989 | 8.5% | +0.0% |
| 1990 | 8.5% | +0.0% |
| 1991 | 8.5% | +0.0% |
| 1992 | 9.0% | +5.9% |
| 1993 | 9.0% | +0.0% |
| 1994 | 8.6% | -4.6% |
| 1995 | 8.0% | -6.8% |
| 1996 | 7.8% | -2.6% |
| 1997 | 7.8% | -0.5% |
| 1998 | 7.8% | +0.0% |
| 1999 | 7.8% | +0.0% |
| 2000 | 7.8% | +0.0% |
| 2001 | 8.0% | +3.8% |
| 2002 | 8.2% | +2.6% |
| 2003 | 9.1% | +10.9% |
| 2004 | 10.5% | +14.8% |
| 2005 | 10.0% | -4.8% |
| 2006 | 9.5% | -5.0% |
| 2007 | 9.5% | +0.0% |
| 2008 | 11.9% | +24.8% |
| 2009 | 11.8% | -0.9% |
| 2010 | 11.7% | -0.4% |
| 2011 | 9.5% | -18.9% |
| 2012 | 9.2% | -3.1% |
| 2013 | 9.3% | +1.3% |
| 2014 | 9.5% | +1.7% |
| 2015 | 10.9% | +14.9% |
| 2016 | 10.2% | -6.8% |
| 2017 | 11.4% | +12.5% |
| 2018 | 12.0% | +5.1% |
| 2019 | 11.8% | -2.1% |
| 2020 | 11.0% | -6.4% |
| 2021 | 11.0% | +0.0% |
| 2022 | 11.0% | +0.0% |
| 2023 | 8.5% | -22.5% |
| 2024 | 6.0% | -29.1% |
| 2025 | 7.3% | +20.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.9% | 8.5% | 9.5% | 8 |
| 1990s | 8.3% | 7.8% | 9.0% | 10 |
| 2000s | 9.6% | 7.8% | 11.9% | 10 |
| 2010s | 10.5% | 9.2% | 12.0% | 10 |
| 2020s | 9.1% | 6.0% | 11.0% | 6 |
Countries ranked near Bhutan
More financial sector data for Bhutan
- Net domestic credit (current LCU), per capita 306,653 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 68.25 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 16.95 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 263,028 SDR (2025)
- Gold reserves at market value 23.97 million SDR (2025)
- Reserves excluding gold, foreign exchange 816.98 million SDR (2025)
- Reserves excluding gold 847.75 million SDR (2025)
- Total reserves (gold at market value) 871.71 million SDR (2025)
- Total reserves (gold at national valuation) 871.63 million SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,094 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Bhutan?
- Interest rate spread in Bhutan was 7.3% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Bhutan?
- The highest recorded value was 12.0% in 2018.
- What is the lowest interest rate spread recorded in Bhutan?
- The lowest recorded value was 6.0% in 2024.
- How does Bhutan rank for interest rate spread?
- Bhutan ranks 38th out of 140 countries with data for 2025.
- Is interest rate spread rising or falling in Bhutan?
- Over the last ten years it is down 33.4%. The long-run trend across the full record is rising.
- Where does this Bhutan 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.