Interest rate spread (lending rate minus deposit rate, %) in Norway
Norway: Interest rate spread (lending rate minus deposit rate, %) was 2.7% in 2025. ▲ Rising
Interest rate spread in Norway, 2013–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Norway recorded 2.7% for interest rate spread in 2025.
The figure is down 7.5% on the previous year and up 22.2% over ten years.
Over the whole period, interest rate spread in Norway peaked at 2.9% in 2023 and was at its lowest, 2.0%, in 2021.
Norway ranks 112th of 141 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 13 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Norway, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2013 | 2.2% | — |
| 2014 | 2.1% | -0.9% |
| 2015 | 2.2% | +2.2% |
| 2016 | 2.3% | +5.6% |
| 2017 | 2.3% | -1.1% |
| 2018 | 2.2% | -3.8% |
| 2019 | 2.3% | +5.1% |
| 2020 | 2.1% | -9.0% |
| 2021 | 2.0% | -6.1% |
| 2022 | 2.4% | +19.6% |
| 2023 | 2.9% | +23.5% |
| 2024 | 2.9% | -0.8% |
| 2025 | 2.7% | -7.5% |
Norway compared with similar countries
- Norway's 2.7% is below the median for high income countries, which is 3.1%, 87% of the median. (38 countries reporting)
- Norway's 2.7% is below the median for Europe & Central Asia, which is 4.0%, 67% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.2% | 2.1% | 2.3% | 7 |
| 2020s | 2.5% | 2.0% | 2.9% | 6 |
Countries ranked near Norway
- 109 United Kingdom 2.7%
- 110 Switzerland 2.7% compare
- 111 North Macedonia 2.7% compare
- 113 Jordan 2.6% compare
- 114 Canada 2.6% compare
- 115 Sweden 2.6%
More financial sector data for Norway
- Reserve position in the IMF, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 242.26 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.82 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 176.9 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.97 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0026 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 242.26 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.82 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Norway?
- Interest rate spread in Norway was 2.7% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Norway?
- The highest recorded value was 2.9% in 2023.
- What is the lowest interest rate spread recorded in Norway?
- The lowest recorded value was 2.0% in 2021.
- How does Norway rank for interest rate spread?
- Norway ranks 112th out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Norway?
- Over the last ten years it is up 22.2%. The long-run trend across the full record is rising.
- Where does this Norway 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.