Interest rate spread in Dominican Republic
Dominican Republic: Interest rate spread was 5.5% in 2024. ▼ Falling
Interest rate spread in Dominican Republic, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2024, interest rate spread in Dominican Republic stood at 5.5%.
Compared with earlier readings it is up 4.0% on the previous year and down 26.9% over ten years.
Over the whole period, interest rate spread in Dominican Republic peaked at 15.8% in 1993 and was at its lowest, 5.1%, in 2022.
Dominican Republic ranks 64th of 141 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Interest rate spread in Dominican Republic, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1991 | 15.2% | — |
| 1992 | 11.6% | -23.6% |
| 1993 | 15.8% | +36.2% |
| 1994 | 15.0% | -5.5% |
| 1995 | 15.7% | +5.1% |
| 1996 | 9.8% | -37.6% |
| 1997 | 7.6% | -22.5% |
| 1998 | 8.0% | +5.1% |
| 1999 | 9.0% | +12.3% |
| 2000 | 9.1% | +1.9% |
| 2001 | 8.7% | -5.3% |
| 2002 | 9.5% | +9.9% |
| 2003 | 10.9% | +14.5% |
| 2004 | 11.5% | +5.7% |
| 2005 | 10.3% | -10.6% |
| 2006 | 9.7% | -5.9% |
| 2007 | 8.9% | -8.1% |
| 2008 | 9.8% | +10.7% |
| 2009 | 10.5% | +6.6% |
| 2010 | 7.3% | -30.3% |
| 2011 | 8.0% | +9.3% |
| 2012 | 8.4% | +5.5% |
| 2013 | 8.0% | -5.1% |
| 2014 | 7.5% | -6.3% |
| 2015 | 8.4% | +12.6% |
| 2016 | 8.4% | -0.7% |
| 2017 | 7.9% | -5.8% |
| 2018 | 6.5% | -17.5% |
| 2019 | 6.4% | -2.5% |
| 2020 | 6.3% | -0.5% |
| 2021 | 7.1% | +12.5% |
| 2022 | 5.1% | -28.2% |
| 2023 | 5.3% | +3.2% |
| 2024 | 5.5% | +4.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.0% | 7.6% | 15.8% | 9 |
| 2000s | 9.9% | 8.7% | 11.5% | 10 |
| 2010s | 7.7% | 6.4% | 8.4% | 10 |
| 2020s | 5.9% | 5.1% | 7.1% | 5 |
Countries ranked near Dominican Republic
More financial sector data for Dominican Republic
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.68 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.61 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0007 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.68 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Dominican Republic?
- Interest rate spread in Dominican Republic was 5.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Dominican Republic?
- The highest recorded value was 15.8% in 1993.
- What is the lowest interest rate spread recorded in Dominican Republic?
- The lowest recorded value was 5.1% in 2022.
- How does Dominican Republic rank for interest rate spread?
- Dominican Republic ranks 64th out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Dominican Republic?
- Over the last ten years it is down 26.9%. The long-run trend across the full record is falling.
- Where does this Dominican Republic 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.