Interest rate spread (lending rate minus deposit rate, %) in Uganda
Uganda: Interest rate spread (lending rate minus deposit rate, %) 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 141 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 (lending rate minus deposit rate, %) 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% |
Uganda compared with similar countries
- Uganda's 10.5% is above the median for low income countries, which is 9.8%, 1.1× the median. (16 countries reporting)
- Uganda's 10.5% is above the median for Sub-Saharan Africa, which is 6.2%, 1.7× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Uganda 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 |
|---|---|---|---|
| 1994 | +228.6% | 3.3% | 10.8% |
| 1986 | +150.0% | 4.0% | 10.0% |
| 1985 | +108.7% | 1.9% | 4.0% |
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
More financial sector data for Uganda
- 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 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 0 % change on previous year (2025)
- 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 5.01 % change on previous year (2025)
- 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 0 % change on previous year (2025)
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 141 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.
Download this data
CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.