Interest rate spread in Sri Lanka
Sri Lanka: Interest rate spread was 2.5% in 2019. ◆ Volatile
Interest rate spread in Sri Lanka, 2001–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2019, interest rate spread in Sri Lanka stood at 2.5%.
Compared with earlier readings it is down 6.3% on the previous year and down 50.0% over ten years.
Over the whole period, interest rate spread in Sri Lanka peaked at 8.0% in 2008 and was at its lowest, 0.3%, in 2014.
Sri Lanka ranks 115th of 141 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest rate spread in Sri Lanka, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 2001 | 3.5% | — |
| 2002 | 3.9% | +13.7% |
| 2003 | 4.3% | +10.0% |
| 2004 | 4.4% | +1.2% |
| 2005 | 5.1% | +16.7% |
| 2006 | 6.0% | +18.0% |
| 2007 | 8.0% | +32.2% |
| 2008 | 8.0% | +0.1% |
| 2009 | 5.1% | -36.8% |
| 2010 | 3.3% | -34.4% |
| 2011 | 3.0% | -10.2% |
| 2012 | 4.6% | +55.0% |
| 2013 | 2.2% | -51.9% |
| 2014 | 0.3% | -84.7% |
| 2015 | 1.0% | +185.5% |
| 2016 | 3.4% | +250.0% |
| 2017 | 2.6% | -24.4% |
| 2018 | 2.7% | +5.2% |
| 2019 | 2.5% | -6.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.4% | 3.5% | 8.0% | 9 |
| 2010s | 2.6% | 0.3% | 4.6% | 10 |
Countries ranked near Sri Lanka
More financial sector data for Sri Lanka
- Net domestic credit (current LCU), per capita 536,545 current LCU per person (2019)
- Net domestic credit (current LCU), per unit of GDP 131.44 current LCU per US$ of GDP (2019)
- Net domestic credit (current LCU), annual growth rate 8.91 % change on previous year (2019)
- Gold reserves at 35 SDRs per ounce 528,500 SDR (2024)
- Gold reserves at market value 30.21 million SDR (2024)
- Reserves excluding gold, foreign exchange 4.64 billion SDR (2024)
- Reserves excluding gold 4.64 billion SDR (2024)
- Total reserves (gold at market value) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) 4.67 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 213.23 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Sri Lanka?
- Interest rate spread in Sri Lanka was 2.5% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Sri Lanka?
- The highest recorded value was 8.0% in 2008.
- What is the lowest interest rate spread recorded in Sri Lanka?
- The lowest recorded value was 0.3% in 2014.
- How does Sri Lanka rank for interest rate spread?
- Sri Lanka ranks 115th out of 141 countries with data for 2019.
- Is interest rate spread rising or falling in Sri Lanka?
- Over the last ten years it is down 50.0%. The long-run trend across the full record is volatile.
- Where does this Sri Lanka 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.