Interest rate spread in Russian Federation
Russian Federation: Interest rate spread was 2.5% in 2024. ◆ Volatile
Interest rate spread in Russian Federation, 1997–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Russian Federation 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 Russian Federation peaked at 26.0% in 1999 and was at its lowest, 2.5%, in 2024.
That places Russian Federation 117th 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 in Russian Federation, 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% |
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 Russian Federation
More financial sector data for Russian Federation
- 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 Russian Federation?
- Interest rate spread in Russian Federation was 2.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Russian Federation?
- The highest recorded value was 26.0% in 1999.
- What is the lowest interest rate spread recorded in Russian Federation?
- The lowest recorded value was 2.5% in 2024.
- How does Russian Federation rank for interest rate spread?
- Russian Federation ranks 117th out of 141 countries with data for 2024.
- Is interest rate spread rising or falling in Russian Federation?
- Over the last ten years it is down 51.5%. The long-run trend across the full record is volatile.
- Where does this Russian Federation 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.