Interest rate spread (lending rate minus deposit rate, %) in Somalia
Somalia: Interest rate spread (lending rate minus deposit rate, %) was 13.0% in 1988. ◆ Volatile
Interest rate spread in Somalia, 1975–1988
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 Somalia is 13.0%, measured in 1988. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 126.8% on the previous year and up 334.7% over ten years.
Over the whole period, interest rate spread in Somalia peaked at 13.0% in 1988 and was at its lowest, 3.0%, in 1975.
That places Somalia 12th out of 141 countries with data for 1988, putting it in the top 10%.
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 Somalia, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1975 | 3.0% | — |
| 1976 | 3.0% | +0.0% |
| 1977 | 3.0% | +0.0% |
| 1978 | 3.0% | +0.0% |
| 1979 | 3.5% | +15.3% |
| 1980 | 3.0% | -13.3% |
| 1981 | 4.5% | +50.0% |
| 1982 | 4.0% | -11.1% |
| 1983 | 3.5% | -12.5% |
| 1984 | 3.5% | +0.0% |
| 1985 | 5.0% | +42.9% |
| 1986 | 5.3% | +5.4% |
| 1987 | 5.8% | +9.1% |
| 1988 | 13.0% | +126.8% |
Somalia compared with similar countries
- Somalia's 13.0% is above the median for low income countries, which is 9.8%, 1.3× the median. (16 countries reporting)
- Somalia's 13.0% is above the median for Sub-Saharan Africa, which is 6.2%, 2.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Somalia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1988 | +126.8% | 5.8% | 13.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.1% | 3.0% | 3.5% | 5 |
| 1980s | 5.3% | 3.0% | 13.0% | 9 |
Countries ranked near Somalia
- 9 Sao Tome and Principe 15.4%
- 10 Sierra Leone 14.4% compare
- 11 South Sudan 14.2%
- 13 Micronesia (country) 12.6%
- 14 Mozambique 11.8%
- 15 Angola 11.4%
More financial sector data for Somalia
- Reserve position in the IMF, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate -100 % change on previous year (1977)
- Reserve position in the IMF, SDR, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate -100 % change on previous year (1977)
- Reserve tranche position, US dollar, per unit of GDP 0 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0 units per person (2025)
- Reserve tranche position, SDR, annual growth rate -100 % change on previous year (1977)
Frequently asked questions
- What is interest rate spread in Somalia?
- Interest rate spread in Somalia was 13.0% in 1988, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Somalia?
- The highest recorded value was 13.0% in 1988.
- What is the lowest interest rate spread recorded in Somalia?
- The lowest recorded value was 3.0% in 1975.
- How does Somalia rank for interest rate spread?
- Somalia ranks 12th out of 141 countries with data for 1988.
- Is interest rate spread rising or falling in Somalia?
- Over the last ten years it is up 334.7%. The long-run trend across the full record is volatile.
- Where does this Somalia 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.