Interest rate spread (lending rate minus deposit rate, %) in Fiji
Fiji: Interest rate spread (lending rate minus deposit rate, %) 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 106th of 141 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 33 years of available data.
Interest rate spread (lending rate minus deposit rate, %) 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% |
Fiji compared with similar countries
- Fiji's 2.9% is below the median for upper middle income countries, which is 5.4%, 53% of the median. (49 countries reporting)
- Fiji's 2.9% is below the median for East Asia & Pacific, which is 5.0%, 57% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Fiji changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2008 | +167.4% | 2.0% | 5.2% |
| 2020 | +143.7% | 1.3% | 3.3% |
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
- Reserve position in the IMF, US dollar, annual growth rate 5.37 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0055 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 36.82 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.344 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.004 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 26.89 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.37 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0055 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 36.82 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.344 % change on previous year (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 106th out of 141 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.