Interest rate spread (lending rate minus deposit rate, %) in Macao
Macao: Interest rate spread (lending rate minus deposit rate, %) was 5.1% in 2025. ▲ Rising
Interest rate spread in Macao, 1986–2025
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 Macao is 5.1%, measured in 2025.
Compared with earlier readings it is down 4.2% on the previous year and down 1.6% over ten years.
Over the whole period, interest rate spread in Macao peaked at 5.9% in 2006 and was at its lowest, 3.0%, in 1986.
That places Macao 72nd out of 141 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 40 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Macao, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1986 | 3.0% | — |
| 1987 | 3.1% | +4.2% |
| 1988 | 3.5% | +12.0% |
| 1989 | 3.5% | +0.0% |
| 1990 | 3.3% | -6.0% |
| 1991 | 3.5% | +7.6% |
| 1992 | 3.8% | +5.9% |
| 1993 | 3.8% | +0.0% |
| 1994 | 3.7% | -0.1% |
| 1995 | 4.0% | +6.0% |
| 1996 | 4.3% | +9.0% |
| 1997 | 3.5% | -19.0% |
| 1998 | 4.0% | +13.2% |
| 1999 | 4.2% | +4.7% |
| 2000 | 4.6% | +9.6% |
| 2001 | 5.4% | +18.5% |
| 2002 | 5.5% | +1.4% |
| 2003 | 5.7% | +3.7% |
| 2004 | 5.9% | +3.7% |
| 2005 | 5.5% | -7.1% |
| 2006 | 5.9% | +8.1% |
| 2007 | 5.0% | -16.2% |
| 2008 | 4.3% | -12.7% |
| 2009 | 5.2% | +20.7% |
| 2010 | 5.2% | +0.2% |
| 2011 | 5.2% | -0.7% |
| 2012 | 5.2% | -0.2% |
| 2013 | 5.2% | +0.4% |
| 2014 | 5.2% | -0.1% |
| 2015 | 5.2% | +0.2% |
| 2016 | 5.2% | +0.0% |
| 2017 | 5.2% | -0.1% |
| 2018 | 5.2% | -0.3% |
| 2019 | 5.1% | -1.4% |
| 2020 | 5.1% | -1.2% |
| 2021 | 5.1% | +0.8% |
| 2022 | 5.1% | -0.2% |
| 2023 | 5.4% | +5.7% |
| 2024 | 5.4% | -0.3% |
| 2025 | 5.1% | -4.2% |
Macao compared with similar countries
- Macao's 5.1% is above the median for high income countries, which is 3.1%, 1.7× the median. (38 countries reporting)
- Macao's 5.1% is above the median for East Asia & Pacific, which is 5.0%, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.3% | 3.0% | 3.5% | 4 |
| 1990s | 3.8% | 3.3% | 4.3% | 10 |
| 2000s | 5.3% | 4.3% | 5.9% | 10 |
| 2010s | 5.2% | 5.1% | 5.2% | 10 |
| 2020s | 5.2% | 5.1% | 5.4% | 6 |
Countries ranked near Macao
More financial sector data for Macao
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.4297 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 32,616 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 32,616 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 32,616 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.7352 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 32,616 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 5.92 % change on previous year (2024)
Frequently asked questions
- What is interest rate spread in Macao?
- Interest rate spread in Macao was 5.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Macao?
- The highest recorded value was 5.9% in 2006.
- What is the lowest interest rate spread recorded in Macao?
- The lowest recorded value was 3.0% in 1986.
- How does Macao rank for interest rate spread?
- Macao ranks 72nd out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Macao?
- Over the last ten years it is down 1.6%. The long-run trend across the full record is rising.
- Where does this Macao 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.