Interest rate spread (lending rate minus deposit rate, %) in Brazil
Brazil: Interest rate spread (lending rate minus deposit rate, %) 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 (lending rate minus deposit rate, %) 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% |
Brazil compared with similar countries
- Brazil's 32.5% is above the median for upper middle income countries, which is 5.4%, 6.1× the median. (49 countries reporting)
- Brazil's 32.5% is above the median for Latin America & Caribbean, which is 6.1%, 5.3× the median. (31 countries reporting)
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 Laos 19.6% compare
- 5 Tajikistan 18.4% compare
- 6 Kyrgyzstan 18.1% compare
More financial sector data for Brazil
- Reserve position in the IMF, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 18.99 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.54 % 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 13.87 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.88 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 18.99 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.54 % change on previous year (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.