Interest rate spread (lending rate minus deposit rate, %) in Uruguay
Uruguay: Interest rate spread (lending rate minus deposit rate, %) was 2.8% in 2025. ◆ Volatile
Interest rate spread in Uruguay, 1976–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2025, interest rate spread in Uruguay stood at 2.8%.
Compared with earlier readings it is up 6.2% on the previous year and down 73.0% over ten years.
Over the whole period, interest rate spread in Uruguay peaked at 55.8% in 2002 and was at its lowest, -40.1%, in 1985.
Uruguay ranks 108th 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 (lending rate minus deposit rate, %) in Uruguay, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1976 | 11.2% | — |
| 1977 | 4.9% | -56.4% |
| 1978 | -4.7% | -196.1% |
| 1979 | -4.0% | -13.6% |
| 1980 | -16.0% | +295.3% |
| 1981 | -15.6% | -2.2% |
| 1982 | -23.9% | +53.1% |
| 1983 | -24.1% | +0.9% |
| 1984 | -29.3% | +21.8% |
| 1985 | -40.1% | +36.6% |
| 1986 | -7.4% | -81.4% |
| 1987 | -5.0% | -32.6% |
| 1988 | -10.7% | +113.6% |
| 1989 | -12.6% | +17.7% |
| 1990 | 11.7% | -192.9% |
| 1991 | 27.1% | +131.9% |
| 1992 | 26.5% | -2.3% |
| 1993 | 31.0% | +16.8% |
| 1994 | 32.7% | +5.4% |
| 1995 | 34.5% | +5.7% |
| 1996 | 43.4% | +25.8% |
| 1997 | 37.8% | -13.0% |
| 1998 | 31.9% | -15.7% |
| 1999 | 28.7% | -9.9% |
| 2000 | 28.1% | -2.3% |
| 2001 | 27.1% | -3.5% |
| 2002 | 55.8% | +106.0% |
| 2003 | 29.3% | -47.6% |
| 2004 | 17.5% | -40.2% |
| 2005 | 10.8% | -38.4% |
| 2006 | 7.4% | -31.1% |
| 2007 | 6.6% | -11.3% |
| 2008 | 9.2% | +40.1% |
| 2009 | 10.9% | +18.1% |
| 2010 | 6.2% | -43.4% |
| 2011 | 5.2% | -15.1% |
| 2012 | 6.7% | +29.1% |
| 2013 | 7.8% | +15.4% |
| 2014 | 10.6% | +36.6% |
| 2015 | 10.2% | -3.7% |
| 2016 | 10.6% | +3.6% |
| 2017 | 8.8% | -17.3% |
| 2018 | 7.1% | -19.3% |
| 2019 | 6.5% | -8.3% |
| 2020 | 6.4% | -0.8% |
| 2021 | 3.7% | -43.3% |
| 2022 | 4.6% | +26.8% |
| 2023 | 3.8% | -18.1% |
| 2024 | 2.6% | -31.3% |
| 2025 | 2.8% | +6.2% |
Uruguay compared with similar countries
- Uruguay's 2.8% is below the median for high income countries, which is 3.1%, 90% of the median. (38 countries reporting)
- Uruguay's 2.8% is below the median for Latin America & Caribbean, which is 6.1%, 45% of the median. (31 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Uruguay 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 |
|---|---|---|---|
| 1980 | -295.3% | -4.0% | -16.0% |
| 1990 | +192.9% | -12.6% | 11.7% |
| 1978 | -196.1% | 4.9% | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | -4.7% | 11.2% | 4 |
| 1980s | -18.5% | -40.1% | -5.0% | 10 |
| 1990s | 30.5% | 11.7% | 43.4% | 10 |
| 2000s | 20.3% | 6.6% | 55.8% | 10 |
| 2010s | 8.0% | 5.2% | 10.6% | 10 |
| 2020s | 4.0% | 2.6% | 6.4% | 6 |
Countries ranked near Uruguay
- 105 Pakistan 2.9% compare
- 106 Fiji 2.9% compare
- 107 China 2.9% compare
- 109 United Kingdom 2.7% compare
- 110 Switzerland 2.7% compare
- 111 North Macedonia 2.7% compare
More financial sector data for Uruguay
- Reserve position in the IMF, US dollar, annual growth rate 7.91 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 44.98 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.76 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 32.84 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.91 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0018 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 44.98 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.76 % change on previous year (2025)
Frequently asked questions
- What is interest rate spread in Uruguay?
- Interest rate spread in Uruguay was 2.8% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Uruguay?
- The highest recorded value was 55.8% in 2002.
- What is the lowest interest rate spread recorded in Uruguay?
- The lowest recorded value was -40.1% in 1985.
- How does Uruguay rank for interest rate spread?
- Uruguay ranks 108th out of 141 countries with data for 2025.
- Is interest rate spread rising or falling in Uruguay?
- Over the last ten years it is down 73.0%. The long-run trend across the full record is volatile.
- Where does this Uruguay 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.