Interest rate spread in Uruguay
Uruguay: Interest rate spread 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 107th of 140 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 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% |
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
More financial sector data for Uruguay
- Total reserves in months of imports, annual growth rate 12.2 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 4.21 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1535 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 3,872 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate 4.02 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 4,093 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate 4.05 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 4,096 SDR per person (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 107th out of 140 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.