Interest rate spread in Pacific island small states
Pacific island small states: Interest rate spread was 6.1% in 2021. ▼ Falling
Interest rate spread in Pacific island small states, 2013–2021
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 Pacific island small states is 6.1%, measured in 2021. That is the lowest value across all 9 years on record.
Compared with earlier readings it is down 19.1% on the previous year and down 21.5% over ten years.
Over the whole period, interest rate spread in Pacific island small states peaked at 7.8% in 2013 and was at its lowest, 6.1%, in 2021.
That places Pacific island small states 19th out of 40 groups with data for 2021, putting it in the middle of the range.
Interest rate spread in Pacific island small states, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2013 | 7.8% | — |
| 2014 | 7.7% | -1.8% |
| 2015 | 7.4% | -3.5% |
| 2016 | 7.4% | +0.4% |
| 2017 | 7.3% | -1.4% |
| 2018 | 7.5% | +2.6% |
| 2019 | 7.6% | +1.3% |
| 2020 | 7.6% | -0.5% |
| 2021 | 6.1% | -19.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 7.5% | 7.3% | 7.8% | 7 |
| 2020s | 6.9% | 6.1% | 7.6% | 2 |
Countries ranked near Pacific island small states
- 16 Mauritania 11.3% compare
- 17 Argentina 11.2% compare
- 18 Uganda 10.5% compare
- 19 Tanzania, United Republic of 10.0% compare
- 20 Timor-Leste 10.0% compare
- 21 Ukraine 9.7% compare
- 22 Mongolia 9.4% compare
More financial sector data for Pacific island small states
- Domestic credit to private sector 85.2% (2024)
- Total reserves in months of imports, annual growth rate -0.3486 % 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)
- Net migration, annual growth rate 0.164 % change on previous year (2025)
- Net migration -10,352 (2025)
- Domestic credit to private sector by banks 60.2% (2024)
- Claims on central government, etc. 19.0% (2024)
- Broad money 77.8% (2023)
- Monetary Sector credit to private sector 60.4% (2024)
Frequently asked questions
- What is interest rate spread in Pacific island small states?
- Interest rate spread in Pacific island small states was 6.1% in 2021, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Pacific island small states?
- The highest recorded value was 7.8% in 2013.
- What is the lowest interest rate spread recorded in Pacific island small states?
- The lowest recorded value was 6.1% in 2021.
- How does Pacific island small states rank for interest rate spread?
- Pacific island small states ranks 19th out of 40 groups with data for 2021.
- Is interest rate spread rising or falling in Pacific island small states?
- Over the last ten years it is down 21.5%. The long-run trend across the full record is falling.
- Where does this Pacific island small states 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.