Interest rate spread (lending rate minus deposit rate, %) in Russia
Russia: Interest rate spread (lending rate minus deposit rate, %) was 2.5% in 2024. ◆ Volatile
Interest rate spread in Russia, 1997–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Russia recorded 2.5% for interest rate spread in 2024. That is the lowest value across all 28 years on record.
The figure is down 39.0% on the previous year and down 51.5% over ten years.
Over the whole period, interest rate spread in Russia peaked at 26.0% in 1999 and was at its lowest, 2.5%, in 2024.
That places Russia 118th out of 141 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread (lending rate minus deposit rate, %) in Russia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1997 | 15.3% | — |
| 1998 | 24.7% | +62.0% |
| 1999 | 26.0% | +5.2% |
| 2000 | 17.9% | -31.1% |
| 2001 | 13.1% | -27.2% |
| 2002 | 10.8% | -17.7% |
| 2003 | 8.5% | -20.9% |
| 2004 | 7.7% | -10.0% |
| 2005 | 6.7% | -12.5% |
| 2006 | 6.3% | -5.1% |
| 2007 | 4.9% | -23.0% |
| 2008 | 6.5% | +32.2% |
| 2009 | 6.7% | +4.0% |
| 2010 | 4.8% | -28.5% |
| 2011 | 4.0% | -16.5% |
| 2012 | 3.6% | -11.2% |
| 2013 | 3.9% | +8.6% |
| 2014 | 5.1% | +31.6% |
| 2015 | 6.5% | +27.9% |
| 2016 | 5.6% | -13.7% |
| 2017 | 4.7% | -16.5% |
| 2018 | 3.5% | -25.5% |
| 2019 | 3.3% | -4.4% |
| 2020 | 3.0% | -10.2% |
| 2021 | 3.4% | +12.8% |
| 2022 | 3.9% | +13.7% |
| 2023 | 4.1% | +5.1% |
| 2024 | 2.5% | -39.0% |
Russia compared with similar countries
- Russia's 2.5% is below the median for high income countries, which is 3.1%, 81% of the median. (38 countries reporting)
- Russia's 2.5% is below the median for Europe & Central Asia, which is 4.0%, 62% of the median. (27 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 22.0% | 15.3% | 26.0% | 3 |
| 2000s | 8.9% | 4.9% | 17.9% | 10 |
| 2010s | 4.5% | 3.3% | 6.5% | 10 |
| 2020s | 3.4% | 2.5% | 4.1% | 5 |
Countries ranked near Russia
More financial sector data for Russia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 34.9 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0014 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 25.48 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 34.9 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Russia?
- Interest rate spread in Russia was 2.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Russia?
- The highest recorded value was 26.0% in 1999.
- What is the lowest interest rate spread recorded in Russia?
- The lowest recorded value was 2.5% in 2024.
- How does Russia rank for interest rate spread?
- Russia ranks 118th out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Russia?
- Over the last ten years it is down 51.5%. The long-run trend across the full record is volatile.
- Where does this Russia 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.