Interest rate spread (lending rate minus deposit rate, %) in Botswana
Botswana: Interest rate spread (lending rate minus deposit rate, %) 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 90th out of 141 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 (lending rate minus deposit rate, %) 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% |
Botswana compared with similar countries
- Botswana's 3.9% is below the median for upper middle income countries, which is 5.4%, 73% of the median. (49 countries reporting)
- Botswana's 3.9% is below the median for Sub-Saharan Africa, which is 6.2%, 63% of the median. (37 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Botswana 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 |
|---|---|---|---|
| 1982 | +1304.3% | 1.0% | 13.5% |
| 1992 | +246.2% | 0.4% | 1.5% |
| 1994 | +133.7% | 1.4% | 3.3% |
| 1983 | -88.9% | 13.5% | 1.5% |
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
- Reserve position in the IMF, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 26.64 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -0.0848 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0025 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 19.45 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 4.92 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0034 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 26.64 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -0.0848 % change on previous year (2025)
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 90th out of 141 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.