Interest rate spread in Mexico
Mexico: Interest rate spread was 6.2% in 2025. ◆ Volatile
Interest rate spread in Mexico, 1993–2025
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 Mexico is 6.2%, measured in 2025.
Compared with earlier readings it is down 6.6% on the previous year and up 118.9% over ten years.
Over the whole period, interest rate spread in Mexico peaked at 19.6% in 1995 and was at its lowest, 1.5%, in 1993.
That places Mexico 49th out of 140 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread in Mexico, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1993 | 1.5% | — |
| 1994 | 4.3% | +177.5% |
| 1995 | 19.6% | +359.1% |
| 1996 | 10.0% | -49.1% |
| 1997 | 5.8% | -42.1% |
| 1998 | 10.9% | +88.8% |
| 1999 | 12.1% | +11.3% |
| 2000 | 8.7% | -28.6% |
| 2001 | 6.6% | -24.3% |
| 2002 | 4.5% | -32.1% |
| 2003 | 3.9% | -11.6% |
| 2004 | 4.7% | +20.5% |
| 2005 | 6.2% | +31.5% |
| 2006 | 4.2% | -32.4% |
| 2007 | 4.4% | +3.3% |
| 2008 | 5.7% | +30.0% |
| 2009 | 5.1% | -10.8% |
| 2010 | 4.1% | -19.5% |
| 2011 | 4.0% | -2.8% |
| 2012 | 3.6% | -9.0% |
| 2013 | 2.9% | -18.3% |
| 2014 | 2.7% | -7.7% |
| 2015 | 2.9% | +5.1% |
| 2016 | 3.5% | +21.6% |
| 2017 | 4.6% | +33.7% |
| 2018 | 4.8% | +2.9% |
| 2019 | 4.9% | +2.8% |
| 2020 | 4.9% | -0.5% |
| 2021 | 4.2% | -12.9% |
| 2022 | 5.6% | +32.0% |
| 2023 | 6.8% | +21.6% |
| 2024 | 6.7% | -2.0% |
| 2025 | 6.2% | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.2% | 1.5% | 19.6% | 7 |
| 2000s | 5.4% | 3.9% | 8.7% | 10 |
| 2010s | 3.8% | 2.7% | 4.9% | 10 |
| 2020s | 5.7% | 4.2% | 6.8% | 6 |
Countries ranked near Mexico
- 46 Venezuela, Bolivarian Republic of 6.3% compare
- 47 Bolivia, Plurinational State of 6.3% compare
- 48 Algeria 6.2% compare
- 50 Cape Verde 6.2% compare
- 51 Nigeria 6.2% compare
- 52 Honduras 6.1% compare
More financial sector data for Mexico
- Total reserves in months of imports, annual growth rate 5.61 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 2.86 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.0875 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 1,215 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 2.68 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 1,324 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 5.14 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 1,418 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Mexico?
- Interest rate spread in Mexico was 6.2% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Mexico?
- The highest recorded value was 19.6% in 1995.
- What is the lowest interest rate spread recorded in Mexico?
- The lowest recorded value was 1.5% in 1993.
- How does Mexico rank for interest rate spread?
- Mexico ranks 49th out of 140 countries with data for 2025.
- Is interest rate spread rising or falling in Mexico?
- Over the last ten years it is up 118.9%. The long-run trend across the full record is volatile.
- Where does this Mexico 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.