Interest rate spread in Fiji
Fiji: Interest rate spread was 2.9% in 2024. ▼ Falling
Interest rate spread in Fiji, 1992–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Fiji recorded 2.9% for interest rate spread in 2024.
The figure is down 24.2% on the previous year and down 37.9% over ten years.
Over the whole period, interest rate spread in Fiji peaked at 5.8% in 2002 and was at its lowest, 1.3%, in 2019.
Fiji ranks 104th of 140 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 33 years of available data.
Interest rate spread in Fiji, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1992 | 4.7% | — |
| 1993 | 4.3% | -9.3% |
| 1994 | 4.3% | +0.9% |
| 1995 | 4.5% | +3.9% |
| 1996 | 4.9% | +10.5% |
| 1997 | 5.5% | +10.8% |
| 1998 | 5.1% | -6.6% |
| 1999 | 5.4% | +6.0% |
| 2000 | 5.3% | -2.3% |
| 2001 | 5.7% | +7.1% |
| 2002 | 5.8% | +1.8% |
| 2003 | 5.7% | -1.2% |
| 2004 | 5.4% | -4.3% |
| 2005 | 5.0% | -9.1% |
| 2006 | 1.8% | -63.8% |
| 2007 | 2.0% | +9.4% |
| 2008 | 5.2% | +167.4% |
| 2009 | 2.9% | -43.9% |
| 2010 | 2.1% | -29.4% |
| 2011 | 3.7% | +79.3% |
| 2012 | 5.3% | +42.6% |
| 2013 | 5.0% | -5.9% |
| 2014 | 4.6% | -8.0% |
| 2015 | 3.3% | -27.5% |
| 2016 | 3.1% | -7.6% |
| 2017 | 2.5% | -19.1% |
| 2018 | 2.2% | -10.3% |
| 2019 | 1.3% | -39.5% |
| 2020 | 3.3% | +143.7% |
| 2021 | 3.4% | +2.3% |
| 2022 | 3.9% | +15.5% |
| 2023 | 3.8% | -3.1% |
| 2024 | 2.9% | -24.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.8% | 4.3% | 5.5% | 8 |
| 2000s | 4.5% | 1.8% | 5.8% | 10 |
| 2010s | 3.3% | 1.3% | 5.3% | 10 |
| 2020s | 3.4% | 2.9% | 3.9% | 5 |
Countries ranked near Fiji
More financial sector data for Fiji
- Total reserves in months of imports, annual growth rate -0.4843 % 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 -1.55 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1685 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,119 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -1.34 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,295 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -1.24 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,298 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Fiji?
- Interest rate spread in Fiji was 2.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Fiji?
- The highest recorded value was 5.8% in 2002.
- What is the lowest interest rate spread recorded in Fiji?
- The lowest recorded value was 1.3% in 2019.
- How does Fiji rank for interest rate spread?
- Fiji ranks 104th out of 140 countries with data for 2024.
- Is interest rate spread rising or falling in Fiji?
- Over the last ten years it is down 37.9%. The long-run trend across the full record is falling.
- Where does this Fiji 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.