Interest rate spread in China
China: Interest rate spread was 2.9% in 2024. ◆ Volatile
Interest rate spread in China, 1980–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
China recorded 2.9% for interest rate spread in 2024.
Compared with earlier readings it is unchanged over ten years.
Over the whole period, interest rate spread in China peaked at 3.6% in 1999 and was at its lowest, -0.4%, in 1980.
China ranks 105th of 140 countries on this measure, 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 China, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1980 | -0.4% | — |
| 1981 | -0.4% | -0.0% |
| 1982 | 1.4% | -500.0% |
| 1983 | 1.4% | +0.0% |
| 1984 | 1.4% | +0.0% |
| 1985 | 0.7% | -50.0% |
| 1986 | 0.7% | +0.0% |
| 1987 | 0.7% | +0.0% |
| 1988 | 0.4% | -50.0% |
| 1989 | 0.0% | -100.0% |
| 1990 | 0.7% | — |
| 1991 | 1.1% | +50.0% |
| 1992 | 1.1% | +0.0% |
| 1993 | 0.0% | -100.0% |
| 1994 | 0.0% | — |
| 1995 | 1.1% | — |
| 1996 | 2.6% | +141.7% |
| 1997 | 3.0% | +13.8% |
| 1998 | 2.6% | -12.1% |
| 1999 | 3.6% | +37.9% |
| 2000 | 3.6% | +0.0% |
| 2001 | 3.6% | +0.0% |
| 2002 | 3.3% | -7.5% |
| 2003 | 3.3% | +0.0% |
| 2004 | 3.3% | +0.0% |
| 2005 | 3.3% | +0.0% |
| 2006 | 3.6% | +8.1% |
| 2007 | 3.3% | -7.5% |
| 2008 | 3.1% | -8.1% |
| 2009 | 3.1% | +0.0% |
| 2010 | 3.1% | +0.0% |
| 2011 | 3.1% | +0.0% |
| 2012 | 3.0% | -2.0% |
| 2013 | 3.0% | +0.0% |
| 2014 | 2.9% | -5.0% |
| 2015 | 2.9% | +0.0% |
| 2016 | 2.9% | +0.0% |
| 2017 | 2.9% | +0.0% |
| 2018 | 2.9% | +0.0% |
| 2019 | 2.9% | +0.0% |
| 2020 | 2.9% | +0.0% |
| 2021 | 2.9% | +0.0% |
| 2022 | 2.9% | +0.0% |
| 2023 | 2.9% | +0.0% |
| 2024 | 2.9% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6% | -0.4% | 1.4% | 10 |
| 1990s | 1.6% | 0.0% | 3.6% | 10 |
| 2000s | 3.4% | 3.1% | 3.6% | 10 |
| 2010s | 2.9% | 2.9% | 3.1% | 10 |
| 2020s | 2.9% | 2.9% | 2.9% | 5 |
Countries ranked near China
More financial sector data for China
- Total reserves (gold at national valuation) (SDR), annual growth rate 3.17 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,944 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 8.42 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.1486 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1258 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,743 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.1047 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,778 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in China?
- Interest rate spread in China was 2.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in China?
- The highest recorded value was 3.6% in 1999.
- What is the lowest interest rate spread recorded in China?
- The lowest recorded value was -0.4% in 1980.
- How does China rank for interest rate spread?
- China ranks 105th out of 140 countries with data for 2024.
- Is interest rate spread rising or falling in China?
- Over the last ten years it is unchanged. The long-run trend across the full record is volatile.
- Where does this China 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.