Interest rate spread in Botswana
Botswana: Interest rate spread was 3.9% in 2024. ◆ Volatile
Interest rate spread in Botswana, 1980–2024
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 Botswana is 3.9%, measured in 2024.
Compared with earlier readings it is up 3.1% on the previous year and down 39.5% over ten years.
Over the whole period, interest rate spread in Botswana peaked at 13.5% in 1982 and was at its lowest, 0.4%, in 1991.
That places Botswana 89th out of 140 countries with data for 2024, putting it 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 in Botswana, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1980 | 3.5% | — |
| 1981 | 1.0% | -72.4% |
| 1982 | 13.5% | +1304.3% |
| 1983 | 1.5% | -88.9% |
| 1984 | 2.0% | +33.3% |
| 1985 | 2.5% | +25.0% |
| 1986 | 2.3% | -6.7% |
| 1987 | 2.5% | +7.1% |
| 1988 | 2.8% | +13.3% |
| 1989 | 2.1% | -26.5% |
| 1990 | 1.8% | -15.5% |
| 1991 | 0.4% | -75.4% |
| 1992 | 1.5% | +246.2% |
| 1993 | 1.4% | -4.9% |
| 1994 | 3.3% | +133.7% |
| 1995 | 4.6% | +39.0% |
| 1996 | 4.8% | +4.2% |
| 1997 | 4.4% | -8.1% |
| 1998 | 5.2% | +17.7% |
| 1999 | 5.7% | +8.8% |
| 2000 | 6.1% | +6.8% |
| 2001 | 5.7% | -6.6% |
| 2002 | 5.8% | +1.6% |
| 2003 | 6.5% | +12.2% |
| 2004 | 5.9% | -8.6% |
| 2005 | 6.5% | +9.9% |
| 2006 | 7.6% | +17.0% |
| 2007 | 7.6% | +0.1% |
| 2008 | 7.9% | +3.6% |
| 2009 | 6.3% | -20.1% |
| 2010 | 5.9% | -6.8% |
| 2011 | 5.9% | -0.1% |
| 2012 | 7.4% | +26.3% |
| 2013 | 7.1% | -4.2% |
| 2014 | 6.5% | -8.7% |
| 2015 | 5.4% | -15.7% |
| 2016 | 5.2% | -5.0% |
| 2017 | 5.4% | +4.9% |
| 2018 | 5.0% | -8.3% |
| 2019 | 4.8% | -3.5% |
| 2020 | 4.2% | -12.7% |
| 2021 | 3.8% | -9.0% |
| 2022 | 4.6% | +21.6% |
| 2023 | 3.8% | -18.3% |
| 2024 | 3.9% | +3.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.4% | 1.0% | 13.5% | 10 |
| 1990s | 3.3% | 0.4% | 5.7% | 10 |
| 2000s | 6.6% | 5.7% | 7.9% | 10 |
| 2010s | 5.8% | 4.8% | 7.4% | 10 |
| 2020s | 4.1% | 3.8% | 4.6% | 5 |
Countries ranked near Botswana
More financial sector data for Botswana
- Net domestic credit (current LCU), per capita 46,448 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 5.97 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 9.17 % change on previous year (2025)
- Reserves excluding gold, foreign exchange 2.35 billion SDR (2024)
- Reserves excluding gold 2.65 billion SDR (2024)
- Total reserves (gold at market value) 2.65 billion SDR (2024)
- Total reserves (gold at national valuation) 2.65 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 1,051 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate -25.25 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 1,051 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Botswana?
- Interest rate spread in Botswana was 3.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Botswana?
- The highest recorded value was 13.5% in 1982.
- What is the lowest interest rate spread recorded in Botswana?
- The lowest recorded value was 0.4% in 1991.
- How does Botswana rank for interest rate spread?
- Botswana ranks 89th out of 140 countries with data for 2024.
- Is interest rate spread rising or falling in Botswana?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is volatile.
- Where does this Botswana 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.