Interest rate spread (lending rate minus deposit rate, %) in Cape Verde
Cape Verde: Interest rate spread (lending rate minus deposit rate, %) was 6.2% in 2025. ▼ Falling
Interest rate spread in Cape Verde, 2006–2025
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 Cape Verde is 6.2%, measured in 2025.
That represents a change of up 1.6% on the previous year and down 17.6% over ten years.
Over the whole period, interest rate spread in Cape Verde peaked at 8.1% in 2009 and was at its lowest, 6.1%, in 2012.
Cape Verde ranks 51st of 141 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 20 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Cape Verde, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2006 | 7.5% | — |
| 2007 | 7.3% | -2.7% |
| 2008 | 6.2% | -14.9% |
| 2009 | 8.1% | +31.0% |
| 2010 | 7.9% | -2.1% |
| 2011 | 6.5% | -18.5% |
| 2012 | 6.1% | -5.4% |
| 2013 | 6.3% | +3.8% |
| 2014 | 7.4% | +16.8% |
| 2015 | 7.5% | +1.7% |
| 2016 | 7.0% | -7.5% |
| 2017 | 7.0% | -0.2% |
| 2018 | 7.1% | +2.3% |
| 2019 | 7.7% | +7.9% |
| 2020 | 7.3% | -4.8% |
| 2021 | 7.0% | -4.9% |
| 2022 | 6.9% | -1.3% |
| 2023 | 6.8% | -1.4% |
| 2024 | 6.1% | -9.6% |
| 2025 | 6.2% | +1.6% |
Cape Verde compared with similar countries
- Cape Verde's 6.2% is above the median for upper middle income countries, which is 5.4%, 1.2× the median. (49 countries reporting)
- Cape Verde's 6.2% is above the median for Sub-Saharan Africa, which is 6.2%, 1.0× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7.3% | 6.2% | 8.1% | 4 |
| 2010s | 7.1% | 6.1% | 7.9% | 10 |
| 2020s | 6.7% | 6.1% | 7.3% | 6 |
Countries ranked near Cape Verde
More financial sector data for Cape Verde
- Reserve position in the IMF, US dollar, annual growth rate 7.55 % 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 9.88 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 7.21 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.55 % 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 9.88 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.42 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Cape Verde?
- Interest rate spread in Cape Verde was 6.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Cape Verde?
- The highest recorded value was 8.1% in 2009.
- What is the lowest interest rate spread recorded in Cape Verde?
- The lowest recorded value was 6.1% in 2012.
- How does Cape Verde rank for interest rate spread?
- Cape Verde ranks 51st out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Cape Verde?
- Over the last ten years it is down 17.6%. The long-run trend across the full record is falling.
- Where does this Cape Verde 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.