Interest rate spread in Oman
Oman: Interest rate spread was 1.3% in 2021. ▲ Rising
Interest rate spread in Oman, 1984–2021
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2021, interest rate spread in Oman stood at 1.3%.
The figure is down 6.0% on the previous year and down 61.6% over ten years.
Over the whole period, interest rate spread in Oman peaked at 5.9% in 2003 and was at its lowest, 1.2%, in 1985.
Oman ranks 125th of 140 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 38 years of available data.
Interest rate spread in Oman, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1984 | 1.3% | — |
| 1985 | 1.2% | -9.5% |
| 1986 | 1.5% | +27.0% |
| 1987 | 1.6% | +5.1% |
| 1988 | 2.0% | +23.0% |
| 1989 | 1.5% | -23.5% |
| 1990 | 1.6% | +4.3% |
| 1991 | 2.1% | +34.8% |
| 1992 | 3.0% | +42.7% |
| 1993 | 3.9% | +28.0% |
| 1994 | 4.6% | +18.9% |
| 1995 | 3.3% | -28.4% |
| 1996 | 2.9% | -12.9% |
| 1997 | 2.5% | -13.2% |
| 1998 | 1.9% | -21.7% |
| 1999 | 2.4% | +23.3% |
| 2000 | 2.5% | +3.1% |
| 2001 | 3.5% | +40.4% |
| 2002 | 5.5% | +58.7% |
| 2003 | 5.9% | +7.0% |
| 2004 | 5.7% | -3.3% |
| 2005 | 4.5% | -21.6% |
| 2006 | 3.5% | -21.4% |
| 2007 | 3.2% | -9.1% |
| 2008 | 2.9% | -8.0% |
| 2009 | 2.9% | -1.3% |
| 2010 | 3.4% | +16.7% |
| 2011 | 3.5% | +3.9% |
| 2012 | 3.2% | -8.5% |
| 2013 | 3.0% | -7.9% |
| 2014 | 3.0% | +2.1% |
| 2015 | 3.0% | -1.4% |
| 2016 | 2.4% | -21.0% |
| 2017 | 1.7% | -27.4% |
| 2018 | 1.7% | -2.0% |
| 2019 | 1.5% | -8.2% |
| 2020 | 1.4% | -6.8% |
| 2021 | 1.3% | -6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.5% | 1.2% | 2.0% | 6 |
| 1990s | 2.8% | 1.6% | 4.6% | 10 |
| 2000s | 4.0% | 2.5% | 5.9% | 10 |
| 2010s | 2.6% | 1.5% | 3.5% | 10 |
| 2020s | 1.4% | 1.3% | 1.4% | 2 |
Countries ranked near Oman
- 122 Chile 1.5% compare
- 123 New Zealand 1.5% compare
- 124 South Korea 1.5% compare
- 126 Benin 0.9% compare
- 126 Burkina Faso 0.9% compare
- 128 Lebanon 0.8% compare
More financial sector data for Oman
- Total reserves in months of imports, annual growth rate -3.89 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 5.54 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1187 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 2,407 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 5.4 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 2,573 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 7.78 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 2,655 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Oman?
- Interest rate spread in Oman was 1.3% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Oman?
- The highest recorded value was 5.9% in 2003.
- What is the lowest interest rate spread recorded in Oman?
- The lowest recorded value was 1.2% in 1985.
- How does Oman rank for interest rate spread?
- Oman ranks 125th out of 140 countries with data for 2021.
- Is interest rate spread rising or falling in Oman?
- Over the last ten years it is down 61.6%. The long-run trend across the full record is rising.
- Where does this Oman 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.