Interest rate spread in Norway
Norway: Interest rate spread 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 110th of 140 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 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% |
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
- 107 Uruguay 2.8% compare
- 108 United Kingdom of Great Britain and Northern Ireland 2.7%
- 109 North Macedonia 2.7% compare
- 111 Jordan 2.6% compare
- 112 Canada 2.6% compare
- 113 Sweden 2.6%
More financial sector data for Norway
- Total reserves (gold at national valuation) (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 11,126 SDR per person (2025)
- Total reserves in months of imports, annual growth rate 0.629 % 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 0.1443 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1054 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 9,970 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 0.2122 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 11,126 SDR per person (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 110th out of 140 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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CSV · JSON — 13 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.