Interest rate spread in Congo, Democratic Republic of the
Congo, Democratic Republic of the: Interest rate spread was 17.6% in 2021. ▼ Falling
Interest rate spread in Congo, Democratic Republic of the, 2007–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Congo, Democratic Republic of the recorded 17.6% for interest rate spread in 2021.
Compared with earlier readings it is down 11.1% on the previous year and down 42.2% over ten years.
Over the whole period, interest rate spread in Congo, Democratic Republic of the peaked at 49.3% in 2009 and was at its lowest, 14.7%, in 2013.
Congo, Democratic Republic of the ranks 7th of 140 countries on this measure, in the top 10%.
The long-run direction has been consistently falling across the 15 years of available data.
Interest rate spread in Congo, Democratic Republic of the, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2007 | 32.6% | — |
| 2008 | 35.4% | +8.4% |
| 2009 | 49.3% | +39.6% |
| 2010 | 39.7% | -19.5% |
| 2011 | 30.4% | -23.5% |
| 2012 | 20.7% | -31.8% |
| 2013 | 14.7% | -29.3% |
| 2014 | 14.7% | +0.2% |
| 2015 | 15.7% | +7.0% |
| 2016 | 15.7% | -0.3% |
| 2017 | 16.4% | +4.9% |
| 2018 | 19.9% | +21.0% |
| 2019 | 21.3% | +6.9% |
| 2020 | 19.8% | -7.1% |
| 2021 | 17.6% | -11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 39.1% | 32.6% | 49.3% | 3 |
| 2010s | 20.9% | 14.7% | 39.7% | 10 |
| 2020s | 18.7% | 17.6% | 19.8% | 2 |
Countries ranked near Congo, Democratic Republic of the
- 4 Lao People's Democratic Republic 19.6%
- 5 Tajikistan 18.4% compare
- 6 Kyrgyzstan 18.1% compare
- 8 Gambia 15.5% compare
- 9 Sao Tome and Principe 15.2% compare
- 10 Sierra Leone 14.4% compare
More financial sector data for Congo, Democratic Republic of the
- Total reserves in months of imports, annual growth rate 10.35 % change on previous year (2023)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2023)
- Total reserves in months of imports, per capita 0 units per person (2023)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 20.93 % change on previous year (2023)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0451 SDR per US$ of GDP (2023)
- Reserves excluding gold, foreign exchange (SDR), per capita 29.8 SDR per person (2023)
- Reserves excluding gold (SDR), annual growth rate 15.64 % change on previous year (2023)
- Reserves excluding gold (SDR), per capita 35.96 SDR per person (2023)
- Total reserves (gold at market value) (SDR), annual growth rate 15.64 % change on previous year (2023)
- Total reserves (gold at market value) (SDR), per capita 35.96 SDR per person (2023)
Frequently asked questions
- What is interest rate spread in Congo, Democratic Republic of the?
- Interest rate spread in Congo, Democratic Republic of the was 17.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Congo, Democratic Republic of the?
- The highest recorded value was 49.3% in 2009.
- What is the lowest interest rate spread recorded in Congo, Democratic Republic of the?
- The lowest recorded value was 14.7% in 2013.
- How does Congo, Democratic Republic of the rank for interest rate spread?
- Congo, Democratic Republic of the ranks 7th out of 140 countries with data for 2021.
- Is interest rate spread rising or falling in Congo, Democratic Republic of the?
- Over the last ten years it is down 42.2%. The long-run trend across the full record is falling.
- Where does this Congo, Democratic Republic of the 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.