Interest rate spread in Ethiopia
Ethiopia: Interest rate spread was 3.3% in 2008. ▼ Falling
Interest rate spread in Ethiopia, 1985–2008
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 Ethiopia is 3.3%, measured in 2008.
That represents a change of down 1.9% on the previous year and down 26.1% over ten years.
Over the whole period, interest rate spread in Ethiopia peaked at 5.1% in 1992 and was at its lowest, 2.5%, in 1993.
Ethiopia ranks 94th of 140 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Interest rate spread in Ethiopia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1985 | 4.5% | — |
| 1992 | 5.1% | +13.9% |
| 1993 | 2.5% | -51.2% |
| 1994 | 2.8% | +13.3% |
| 1995 | 3.6% | +27.9% |
| 1996 | 4.5% | +24.1% |
| 1997 | 3.5% | -22.2% |
| 1998 | 4.5% | +28.6% |
| 1999 | 4.6% | +1.8% |
| 2000 | 4.9% | +6.8% |
| 2001 | 4.9% | -0.5% |
| 2002 | 4.9% | +0.0% |
| 2003 | 3.6% | -25.0% |
| 2004 | 3.6% | -0.8% |
| 2005 | 3.5% | -2.3% |
| 2006 | 3.4% | -2.8% |
| 2007 | 3.4% | -1.5% |
| 2008 | 3.3% | -1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.5% | 4.5% | 4.5% | 1 |
| 1990s | 3.9% | 2.5% | 5.1% | 8 |
| 2000s | 4.0% | 3.3% | 4.9% | 9 |
Countries ranked near Ethiopia
- 91 Australia 3.5% compare
- 92 Libya 3.5% compare
- 93 Costa Rica 3.4% compare
- 95 Palestine, State of 3.3% compare
- 96 Romania 3.3% compare
- 97 South Africa 3.3% compare
More financial sector data for Ethiopia
- Net domestic credit (current LCU), per capita 1,078 current LCU per person (2008)
- Net domestic credit (current LCU), per unit of GDP 3.41 current LCU per US$ of GDP (2008)
- Net domestic credit (current LCU), annual growth rate 27.19 % change on previous year (2008)
- Gold reserves at 35 SDRs per ounce 0 SDR (2024)
- Gold reserves at market value 0 SDR (2024)
- Reserves excluding gold, foreign exchange 2.89 billion SDR (2024)
- Reserves excluding gold 2.90 billion SDR (2024)
- Total reserves (gold at market value) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) 2.90 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 21.97 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Ethiopia?
- Interest rate spread in Ethiopia was 3.3% in 2008, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Ethiopia?
- The highest recorded value was 5.1% in 1992.
- What is the lowest interest rate spread recorded in Ethiopia?
- The lowest recorded value was 2.5% in 1993.
- How does Ethiopia rank for interest rate spread?
- Ethiopia ranks 94th out of 140 countries with data for 2008.
- Is interest rate spread rising or falling in Ethiopia?
- Over the last ten years it is down 26.1%. The long-run trend across the full record is falling.
- Where does this Ethiopia 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.