Interest rate spread in Peru
Peru: Interest rate spread was 7.8% in 2022. ◆ Volatile
Interest rate spread in Peru, 1988–2022
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 Peru is 7.8%, measured in 2022.
That represents a change of down 24.4% on the previous year and down 49.4% over ten years.
Over the whole period, interest rate spread in Peru peaked at 1,820.5% in 1990 and was at its lowest, -6.3%, in 1988.
That places Peru 33rd out of 140 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread in Peru, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1988 | -6.3% | — |
| 1989 | 216.9% | -3550.6% |
| 1990 | 1,820.5% | +739.2% |
| 1991 | 500.0% | -72.5% |
| 1992 | 88.5% | -82.3% |
| 1993 | 50.1% | -43.4% |
| 1994 | 33.0% | -34.1% |
| 1995 | 20.5% | -38.0% |
| 1996 | 16.6% | -18.7% |
| 1997 | 15.9% | -4.4% |
| 1998 | 17.5% | +10.2% |
| 1999 | 18.8% | +7.3% |
| 2000 | 16.7% | -11.1% |
| 2001 | 15.1% | -9.8% |
| 2002 | 16.6% | +10.0% |
| 2003 | 17.2% | +3.7% |
| 2004 | 21.7% | +26.2% |
| 2005 | 22.1% | +1.9% |
| 2006 | 19.1% | -13.4% |
| 2007 | 17.9% | -6.3% |
| 2008 | 18.2% | +1.6% |
| 2009 | 16.7% | -8.4% |
| 2010 | 16.8% | +1.0% |
| 2011 | 15.0% | -10.9% |
| 2012 | 15.4% | +2.3% |
| 2013 | 14.6% | -4.9% |
| 2014 | 11.9% | -18.4% |
| 2015 | 12.0% | +0.6% |
| 2016 | 11.6% | -3.7% |
| 2017 | 12.3% | +6.8% |
| 2018 | 11.2% | -9.2% |
| 2019 | 10.7% | -4.3% |
| 2020 | 11.1% | +3.4% |
| 2021 | 10.3% | -7.2% |
| 2022 | 7.8% | -24.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 105.3% | -6.3% | 216.9% | 2 |
| 1990s | 258.1% | 15.9% | 1,820.5% | 10 |
| 2000s | 18.1% | 15.1% | 22.1% | 10 |
| 2010s | 13.2% | 10.7% | 16.8% | 10 |
| 2020s | 9.7% | 7.8% | 11.1% | 3 |
Countries ranked near Peru
More financial sector data for Peru
- Net domestic credit (current LCU), per capita 12,760 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1.5 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 4.21 % change on previous year (2024)
- Gold reserves at 35 SDRs per ounce 39.01 million SDR (2025)
- Gold reserves at market value 3.56 billion SDR (2025)
- Reserves excluding gold, foreign exchange 60.31 billion SDR (2025)
- Reserves excluding gold 62.45 billion SDR (2025)
- Total reserves (gold at market value) 66.00 billion SDR (2025)
- Total reserves (gold at national valuation) 65.96 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 1,908 SDR per person (2025)
Frequently asked questions
- What is interest rate spread in Peru?
- Interest rate spread in Peru was 7.8% in 2022, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Peru?
- The highest recorded value was 1,820.5% in 1990.
- What is the lowest interest rate spread recorded in Peru?
- The lowest recorded value was -6.3% in 1988.
- How does Peru rank for interest rate spread?
- Peru ranks 33rd out of 140 countries with data for 2022.
- Is interest rate spread rising or falling in Peru?
- Over the last ten years it is down 49.4%. The long-run trend across the full record is volatile.
- Where does this Peru 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.