Interest rate spread in Uganda
Uganda: Interest rate spread was 10.5% in 2018. ▲ Rising
Interest rate spread in Uganda, 1984–2018
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2018, interest rate spread in Uganda stood at 10.5%.
Compared with earlier readings it is down 9.7% on the previous year and up 7.0% over ten years.
Over the whole period, interest rate spread in Uganda peaked at 14.7% in 1987 and was at its lowest, 1.9%, in 1984.
Uganda ranks 18th of 140 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Interest rate spread in Uganda, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1984 | 1.9% | — |
| 1985 | 4.0% | +108.7% |
| 1986 | 10.0% | +150.0% |
| 1987 | 14.7% | +46.7% |
| 1988 | 13.5% | -8.0% |
| 1989 | 7.8% | -42.0% |
| 1990 | 7.4% | -5.3% |
| 1991 | 3.2% | -56.2% |
| 1992 | 3.3% | +0.9% |
| 1994 | 10.8% | +228.6% |
| 1995 | 12.6% | +16.6% |
| 1996 | 9.7% | -22.9% |
| 1997 | 9.5% | -1.5% |
| 1998 | 9.5% | -0.3% |
| 1999 | 12.8% | +34.9% |
| 2000 | 13.1% | +2.0% |
| 2001 | 14.2% | +8.5% |
| 2002 | 13.5% | -4.6% |
| 2003 | 9.1% | -32.8% |
| 2004 | 12.9% | +41.5% |
| 2005 | 10.9% | -15.6% |
| 2006 | 9.6% | -11.4% |
| 2007 | 9.8% | +2.4% |
| 2008 | 9.8% | -0.7% |
| 2009 | 11.2% | +14.6% |
| 2010 | 12.5% | +11.5% |
| 2011 | 8.5% | -32.0% |
| 2012 | 9.4% | +10.2% |
| 2013 | 11.2% | +19.4% |
| 2014 | 10.8% | -3.5% |
| 2015 | 9.8% | -8.7% |
| 2016 | 10.6% | +8.3% |
| 2017 | 11.6% | +8.8% |
| 2018 | 10.5% | -9.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.7% | 1.9% | 14.7% | 6 |
| 1990s | 8.8% | 3.2% | 12.8% | 9 |
| 2000s | 11.4% | 9.1% | 14.2% | 10 |
| 2010s | 10.5% | 8.5% | 12.5% | 9 |
Countries ranked near Uganda
- 15 Angola 11.4% compare
- 16 Mauritania 11.3% compare
- 17 Argentina 11.2% compare
- 19 Tanzania, United Republic of 10.0% compare
- 20 Timor-Leste 10.0% compare
- 21 Ukraine 9.7% compare
More financial sector data for Uganda
- Total reserves (gold at national valuation) (SDR), annual growth rate -9.04 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 53.4 SDR per person (2024)
- Total reserves in months of imports, annual growth rate -25.25 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -9 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.047 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 50.64 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate -9.04 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 53.4 SDR per person (2024)
Frequently asked questions
- What is interest rate spread in Uganda?
- Interest rate spread in Uganda was 10.5% in 2018, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Uganda?
- The highest recorded value was 14.7% in 1987.
- What is the lowest interest rate spread recorded in Uganda?
- The lowest recorded value was 1.9% in 1984.
- How does Uganda rank for interest rate spread?
- Uganda ranks 18th out of 140 countries with data for 2018.
- Is interest rate spread rising or falling in Uganda?
- Over the last ten years it is up 7.0%. The long-run trend across the full record is rising.
- Where does this Uganda 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.