Interest rate spread (lending rate minus deposit rate, %) in Tanzania
Tanzania: Interest rate spread (lending rate minus deposit rate, %) was 10.0% in 2020. ▼ Falling
Interest rate spread in Tanzania, 1992–2020
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 Tanzania is 10.0%, measured in 2020.
The figure is up 1.3% on the previous year and up 26.2% over ten years.
Over the whole period, interest rate spread in Tanzania peaked at 20.4% in 1996 and was at its lowest, 5.5%, in 2016.
Tanzania ranks 19th of 141 countries on this measure, in the top quarter.
The long-run direction has been consistently falling across the 29 years of available data.
Interest rate spread (lending rate minus deposit rate, %) in Tanzania, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1992 | 10.4% | — |
| 1993 | 9.6% | -7.5% |
| 1994 | 12.5% | +30.8% |
| 1995 | 13.2% | +5.1% |
| 1996 | 20.4% | +54.6% |
| 1997 | 18.4% | -9.5% |
| 1998 | 15.1% | -17.9% |
| 1999 | 14.1% | -6.6% |
| 2000 | 14.2% | +0.3% |
| 2001 | 15.2% | +7.4% |
| 2002 | 13.1% | -14.0% |
| 2003 | 11.5% | -12.5% |
| 2004 | 9.9% | -13.3% |
| 2005 | 10.5% | +5.8% |
| 2006 | 8.9% | -15.1% |
| 2007 | 7.4% | -17.2% |
| 2008 | 6.7% | -8.9% |
| 2009 | 7.1% | +4.9% |
| 2010 | 7.9% | +12.2% |
| 2011 | 8.2% | +3.3% |
| 2012 | 6.0% | -26.6% |
| 2013 | 5.9% | -2.0% |
| 2014 | 6.4% | +9.2% |
| 2015 | 6.2% | -3.5% |
| 2016 | 5.5% | -12.0% |
| 2017 | 6.6% | +20.6% |
| 2018 | 9.2% | +39.8% |
| 2019 | 9.9% | +7.1% |
| 2020 | 10.0% | +1.3% |
Tanzania compared with similar countries
- Tanzania's 10.0% is above the median for lower middle income countries, which is 6.3%, 1.6× the median. (37 countries reporting)
- Tanzania's 10.0% is above the median for Sub-Saharan Africa, which is 6.2%, 1.6× the median. (37 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.2% | 9.6% | 20.4% | 8 |
| 2000s | 10.5% | 6.7% | 15.2% | 10 |
| 2010s | 7.2% | 5.5% | 9.9% | 10 |
| 2020s | 10.0% | 10.0% | 10.0% | 1 |
Countries ranked near Tanzania
More financial sector data for Tanzania
- 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 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.16 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 0.0007 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.8467 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 0.0009 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.16 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 Tanzania?
- Interest rate spread in Tanzania was 10.0% in 2020, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Tanzania?
- The highest recorded value was 20.4% in 1996.
- What is the lowest interest rate spread recorded in Tanzania?
- The lowest recorded value was 5.5% in 2016.
- How does Tanzania rank for interest rate spread?
- Tanzania ranks 19th out of 141 countries with data for 2020.
- Is interest rate spread rising or falling in Tanzania?
- Over the last ten years it is up 26.2%. The long-run trend across the full record is falling.
- Where does this Tanzania 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.