Interest rate spread (lending rate minus deposit rate, %) in Bhutan
Bhutan: Interest rate spread (lending rate minus deposit rate, %) 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 141 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 (lending rate minus deposit rate, %) 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% |
Bhutan compared with similar countries
- Bhutan's 7.3% is above the median for lower middle income countries, which is 6.3%, 1.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Bhutan changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2024 | -29.1% | 8.5% | 6.0% |
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
- 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 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.82 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 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.71 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 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.82 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 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 141 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.