Interest rate spread in Lower middle income
Lower middle income: Interest rate spread was 6.5% in 2021. ▼ Falling
Interest rate spread in Lower middle income, 2001–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Lower middle income recorded 6.5% for interest rate spread in 2021. That is the lowest value across all 21 years on record.
Compared with earlier readings it is down 17.9% on the previous year and down 25.3% over ten years.
Over the whole period, interest rate spread in Lower middle income peaked at 9.7% in 2002 and was at its lowest, 6.5%, in 2021.
Lower middle income ranks 13th of 40 groups on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Interest rate spread in Lower middle income, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2001 | 9.1% | — |
| 2002 | 9.7% | +6.5% |
| 2003 | 9.1% | -6.9% |
| 2004 | 8.8% | -3.1% |
| 2005 | 7.9% | -9.6% |
| 2006 | 7.9% | -0.9% |
| 2007 | 7.7% | -2.4% |
| 2008 | 6.7% | -12.3% |
| 2009 | 8.0% | +19.4% |
| 2010 | 8.9% | +10.7% |
| 2011 | 8.8% | -1.5% |
| 2012 | 8.1% | -7.8% |
| 2013 | 8.0% | -0.7% |
| 2014 | 7.4% | -7.6% |
| 2015 | 6.9% | -6.9% |
| 2016 | 7.6% | +10.1% |
| 2017 | 7.7% | +1.5% |
| 2018 | 7.6% | -1.4% |
| 2019 | 7.9% | +3.7% |
| 2020 | 8.0% | +1.1% |
| 2021 | 6.5% | -17.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.3% | 6.7% | 9.7% | 9 |
| 2010s | 7.9% | 6.9% | 8.9% | 10 |
| 2020s | 7.3% | 6.5% | 8.0% | 2 |
Countries ranked near Lower middle income
- 10 Sierra Leone 14.4% compare
- 11 South Sudan 14.2% compare
- 12 Somalia 13.0%
- 13 Micronesia, Federated States of 12.6% compare
- 14 Mozambique 11.8% compare
- 15 Angola 11.4% compare
- 16 Mauritania 11.3% compare
More financial sector data for Lower middle income
- Net migration -3.12 million (2025)
- Domestic credit to private sector by banks 39.1% (2025)
- Total reserves in months of imports 7.24 (2025)
- Monetary Sector credit to private sector 39.6% (2025)
- Broad money 67.4% (2021)
- Claims on central government, etc. 20.8% (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 3.14 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 38.8% (2025)
Frequently asked questions
- What is interest rate spread in Lower middle income?
- Interest rate spread in Lower middle income was 6.5% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Lower middle income?
- The highest recorded value was 9.7% in 2002.
- What is the lowest interest rate spread recorded in Lower middle income?
- The lowest recorded value was 6.5% in 2021.
- How does Lower middle income rank for interest rate spread?
- Lower middle income ranks 13th out of 40 groups with data for 2021.
- Is interest rate spread rising or falling in Lower middle income?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is falling.
- Where does this Lower middle income 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.