Interest rate spread in North Macedonia
North Macedonia: Interest rate spread was 2.7% in 2025. ▼ Falling
Interest rate spread in North Macedonia, 2005–2025
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 North Macedonia is 2.7%, measured in 2025. That is the lowest value across all 21 years on record.
That represents a change of down 21.7% on the previous year and down 40.9% over ten years.
Over the whole period, interest rate spread in North Macedonia peaked at 7.0% in 2005 and was at its lowest, 2.7%, in 2025.
North Macedonia ranks 110th of 141 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 21 years of available data.
Interest rate spread in North Macedonia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2005 | 7.0% | — |
| 2006 | 6.8% | -2.5% |
| 2007 | 5.5% | -20.0% |
| 2008 | 4.0% | -26.1% |
| 2009 | 3.4% | -16.1% |
| 2010 | 3.2% | -4.9% |
| 2011 | 3.5% | +8.8% |
| 2012 | 3.9% | +10.9% |
| 2013 | 4.0% | +3.7% |
| 2014 | 4.1% | +0.2% |
| 2015 | 4.6% | +12.4% |
| 2016 | 4.5% | -0.9% |
| 2017 | 4.4% | -2.7% |
| 2018 | 4.1% | -7.4% |
| 2019 | 3.7% | -8.1% |
| 2020 | 3.7% | -0.5% |
| 2021 | 3.7% | -1.2% |
| 2022 | 3.6% | -3.0% |
| 2023 | 3.6% | +1.8% |
| 2024 | 3.4% | -5.2% |
| 2025 | 2.7% | -21.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 3.4% | 7.0% | 5 |
| 2010s | 4.0% | 3.2% | 4.6% | 10 |
| 2020s | 3.5% | 2.7% | 3.7% | 6 |
Countries ranked near North Macedonia
More financial sector data for North Macedonia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 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 North Macedonia?
- Interest rate spread in North Macedonia was 2.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in North Macedonia?
- The highest recorded value was 7.0% in 2005.
- What is the lowest interest rate spread recorded in North Macedonia?
- The lowest recorded value was 2.7% in 2025.
- How does North Macedonia rank for interest rate spread?
- North Macedonia ranks 110th out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in North Macedonia?
- Over the last ten years it is down 40.9%. The long-run trend across the full record is falling.
- Where does this North Macedonia 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.