Interest rate spread in Eswatini
Eswatini: Interest rate spread was 7.0% in 2024. ▲ Rising
Interest rate spread in Eswatini, 1975–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2024, interest rate spread in Eswatini stood at 7.0%.
Compared with earlier readings it is up 9.1% on the previous year and up 7.5% over ten years.
Over the whole period, interest rate spread in Eswatini peaked at 7.6% in 1995 and was at its lowest, 2.8%, in 1976.
That places Eswatini 41st out of 140 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 50 years of available data.
Interest rate spread in Eswatini, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1975 | 2.8% | — |
| 1976 | 2.8% | -1.5% |
| 1977 | 2.8% | +0.0% |
| 1978 | 2.8% | +2.3% |
| 1979 | 4.1% | +46.7% |
| 1980 | 5.0% | +21.2% |
| 1981 | 4.7% | -6.7% |
| 1982 | 5.7% | +22.3% |
| 1983 | 5.3% | -6.6% |
| 1984 | 5.3% | +0.0% |
| 1985 | 6.2% | +17.1% |
| 1986 | 6.7% | +7.2% |
| 1987 | 7.0% | +4.3% |
| 1988 | 6.4% | -8.2% |
| 1989 | 5.4% | -15.4% |
| 1990 | 5.8% | +6.2% |
| 1991 | 5.4% | -5.9% |
| 1992 | 5.4% | +0.2% |
| 1993 | 6.5% | +18.9% |
| 1994 | 6.7% | +4.0% |
| 1995 | 7.6% | +13.4% |
| 1996 | 7.6% | -0.4% |
| 1997 | 7.5% | -1.1% |
| 1998 | 7.6% | +1.1% |
| 1999 | 7.6% | -0.3% |
| 2000 | 7.5% | -1.2% |
| 2001 | 7.1% | -5.0% |
| 2002 | 7.2% | +1.9% |
| 2003 | 7.0% | -2.7% |
| 2004 | 6.7% | -5.3% |
| 2005 | 6.6% | -0.7% |
| 2006 | 6.2% | -5.7% |
| 2007 | 6.1% | -2.0% |
| 2008 | 6.7% | +9.1% |
| 2009 | 6.0% | -10.4% |
| 2010 | 5.9% | -1.3% |
| 2011 | 6.2% | +4.3% |
| 2012 | 6.3% | +2.2% |
| 2013 | 6.4% | +2.1% |
| 2014 | 6.5% | +1.0% |
| 2015 | 6.8% | +4.4% |
| 2016 | 7.3% | +7.9% |
| 2017 | 7.5% | +3.3% |
| 2018 | 6.6% | -13.2% |
| 2019 | 6.4% | -1.7% |
| 2020 | 5.5% | -14.7% |
| 2021 | 5.5% | -0.4% |
| 2022 | 6.0% | +8.9% |
| 2023 | 6.4% | +7.3% |
| 2024 | 7.0% | +9.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.0% | 2.8% | 4.1% | 5 |
| 1980s | 5.8% | 4.7% | 7.0% | 10 |
| 1990s | 6.8% | 5.4% | 7.6% | 10 |
| 2000s | 6.7% | 6.0% | 7.5% | 10 |
| 2010s | 6.6% | 5.9% | 7.5% | 10 |
| 2020s | 6.1% | 5.5% | 7.0% | 5 |
Countries ranked near Eswatini
More financial sector data for Eswatini
- Total reserves in months of imports, annual growth rate -7.16 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 18.28 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0818 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 319.96 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 15.18 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 331.05 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 15.18 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 331.05 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Eswatini?
- Interest rate spread in Eswatini was 7.0% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Eswatini?
- The highest recorded value was 7.6% in 1995.
- What is the lowest interest rate spread recorded in Eswatini?
- The lowest recorded value was 2.8% in 1976.
- How does Eswatini rank for interest rate spread?
- Eswatini ranks 41st out of 140 countries with data for 2024.
- Is interest rate spread rising or falling in Eswatini?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is rising.
- Where does this Eswatini 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.