Interest rate spread in Brazil
Brazil: Interest rate spread was 32.5% in 2024. ▼ Falling
Interest rate spread in Brazil, 1997–2024
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 Brazil is 32.5%, measured in 2024.
The figure is up 3.4% on the previous year and up 47.9% over ten years.
Over the whole period, interest rate spread in Brazil peaked at 58.4% in 1998 and was at its lowest, 19.6%, in 2013.
Brazil ranks 3rd of 141 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 28 years of available data.
Interest rate spread in Brazil, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1997 | 53.8% | — |
| 1998 | 58.4% | +8.4% |
| 1999 | 54.4% | -6.7% |
| 2000 | 39.6% | -27.2% |
| 2001 | 39.8% | +0.3% |
| 2002 | 43.7% | +10.0% |
| 2003 | 45.1% | +3.2% |
| 2004 | 39.5% | -12.4% |
| 2005 | 37.8% | -4.4% |
| 2006 | 36.9% | -2.3% |
| 2007 | 33.1% | -10.1% |
| 2008 | 35.6% | +7.4% |
| 2009 | 35.4% | -0.6% |
| 2010 | 31.1% | -12.0% |
| 2011 | 32.9% | +5.7% |
| 2012 | 28.7% | -12.7% |
| 2013 | 19.6% | -31.8% |
| 2014 | 22.0% | +12.3% |
| 2015 | 31.3% | +42.5% |
| 2016 | 39.7% | +26.5% |
| 2017 | 38.4% | -3.2% |
| 2018 | 32.2% | -16.1% |
| 2019 | 32.0% | -0.5% |
| 2020 | 26.8% | -16.2% |
| 2021 | 25.7% | -4.4% |
| 2022 | 27.4% | +6.7% |
| 2023 | 31.5% | +14.8% |
| 2024 | 32.5% | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.5% | 53.8% | 58.4% | 3 |
| 2000s | 38.6% | 33.1% | 45.1% | 10 |
| 2010s | 30.8% | 19.6% | 39.7% | 10 |
| 2020s | 28.8% | 25.7% | 32.5% | 5 |
Countries ranked near Brazil
- 1 Madagascar 47.9% compare
- 2 Zimbabwe 40.1% compare
- 4 Lao People's Democratic Republic 19.6% compare
- 5 Tajikistan 18.4% compare
- 6 Kyrgyzstan 18.1% compare
More financial sector data for Brazil
- Net domestic credit (current LCU), per capita 83,511 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 7.8 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 11.32 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 194.05 million SDR (2025)
- Gold reserves at market value 17.68 billion SDR (2025)
- Reserves excluding gold, foreign exchange 226.46 billion SDR (2025)
- Reserves excluding gold 244.10 billion SDR (2025)
- Total reserves (gold at market value) 261.78 billion SDR (2025)
- Total reserves (gold at national valuation) 261.56 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,229 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Brazil?
- Interest rate spread in Brazil was 32.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Brazil?
- The highest recorded value was 58.4% in 1998.
- What is the lowest interest rate spread recorded in Brazil?
- The lowest recorded value was 19.6% in 2013.
- How does Brazil rank for interest rate spread?
- Brazil ranks 3rd out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Brazil?
- Over the last ten years it is up 47.9%. The long-run trend across the full record is falling.
- Where does this Brazil 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.