Interest rate spread (lending rate minus deposit rate, %) in Micronesia (country)
Micronesia (country): Interest rate spread (lending rate minus deposit rate, %) was 12.6% in 2021. ▲ Rising
Interest rate spread in Micronesia (country), 1995–2021
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 Micronesia (country) is 12.6%, measured in 2021.
That represents a change of down 12.6% on the previous year and down 8.6% over ten years.
Over the whole period, interest rate spread in Micronesia (country) peaked at 15.6% in 2017 and was at its lowest, 9.7%, in 1995.
That places Micronesia (country) 13th out of 141 countries with data for 2021, putting it in the top 10%.
The long-run direction has been consistently rising across the 27 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Micronesia (country), year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1995 | 9.7% | — |
| 1996 | 10.4% | +7.8% |
| 1997 | 10.8% | +3.5% |
| 1998 | 11.0% | +2.1% |
| 1999 | 11.4% | +3.8% |
| 2000 | 10.7% | -6.1% |
| 2001 | 12.2% | +13.1% |
| 2002 | 13.8% | +13.6% |
| 2003 | 14.0% | +1.3% |
| 2004 | 14.4% | +2.7% |
| 2005 | 14.8% | +2.7% |
| 2006 | 13.6% | -7.9% |
| 2007 | 11.5% | -15.4% |
| 2008 | 11.9% | +3.6% |
| 2009 | 14.1% | +18.3% |
| 2010 | 14.2% | +0.9% |
| 2011 | 13.8% | -3.2% |
| 2012 | 13.9% | +1.0% |
| 2013 | 15.3% | +10.2% |
| 2014 | 15.3% | +0.0% |
| 2015 | 15.3% | +0.0% |
| 2016 | 15.3% | +0.0% |
| 2017 | 15.6% | +2.0% |
| 2018 | 15.3% | -2.4% |
| 2019 | 14.4% | -5.7% |
| 2020 | 14.4% | +0.1% |
| 2021 | 12.6% | -12.6% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 12.6% is above the median for upper middle income countries, which is 5.4%, 2.4× the median. (49 countries reporting)
- Micronesia (country)'s 12.6% is above the median for East Asia & Pacific, which is 5.0%, 2.5× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.7% | 9.7% | 11.4% | 5 |
| 2000s | 13.1% | 10.7% | 14.8% | 10 |
| 2010s | 14.8% | 13.8% | 15.6% | 10 |
| 2020s | 13.5% | 12.6% | 14.4% | 2 |
Countries ranked near Micronesia (country)
- 10 Sierra Leone 14.4% compare
- 11 South Sudan 14.2% compare
- 12 Somalia 13.0%
- 14 Mozambique 11.8% compare
- 15 Angola 11.4% compare
- 16 Mauritania 11.3% compare
More financial sector data for Micronesia (country)
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.33 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.62 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.33 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Micronesia (country)?
- Interest rate spread in Micronesia (country) was 12.6% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Micronesia (country)?
- The highest recorded value was 15.6% in 2017.
- What is the lowest interest rate spread recorded in Micronesia (country)?
- The lowest recorded value was 9.7% in 1995.
- How does Micronesia (country) rank for interest rate spread?
- Micronesia (country) ranks 13th out of 141 countries with data for 2021.
- Is interest rate spread rising or falling in Micronesia (country)?
- Over the last ten years it is down 8.6%. The long-run trend across the full record is rising.
- Where does this Micronesia (country) 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.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.