Risk premium on lending in Italy
Italy: Risk premium on lending was 1.9% in 2025. ▼ Falling
Risk premium on lending in Italy, 1989–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus treasury bill rate, %.
Analysis
Italy recorded 1.9% for risk premium on lending in 2025.
Compared with earlier readings it is down 0.6% on the previous year and down 52.4% over ten years.
Over the whole period, risk premium on lending in Italy peaked at 4.4% in 2014 and was at its lowest, 1.3%, in 2023.
That places Italy 65th out of 86 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 37 years of available data.
Risk premium on lending in Italy, year by year
| Year | lending rate minus treasury bill rate, % | Change |
|---|---|---|
| 1989 | 2.4% | — |
| 1990 | 2.5% | +2.1% |
| 1991 | 2.1% | -13.9% |
| 1992 | 2.2% | +3.6% |
| 1993 | 4.0% | +83.5% |
| 1994 | 2.8% | -30.4% |
| 1995 | 2.4% | -15.3% |
| 1996 | 4.4% | +82.5% |
| 1997 | 4.2% | -4.1% |
| 1998 | 4.1% | -3.0% |
| 1999 | 3.3% | -17.6% |
| 2000 | 2.5% | -25.3% |
| 2001 | 3.2% | +29.7% |
| 2002 | 3.3% | +1.1% |
| 2003 | 3.6% | +11.3% |
| 2004 | 3.4% | -5.9% |
| 2005 | 3.1% | -8.3% |
| 2006 | 2.4% | -22.4% |
| 2007 | 2.3% | -5.7% |
| 2008 | 3.1% | +34.0% |
| 2009 | 3.8% | +23.4% |
| 2010 | 2.9% | -23.8% |
| 2011 | 1.8% | -37.4% |
| 2012 | 3.3% | +83.5% |
| 2013 | 4.3% | +28.9% |
| 2014 | 4.4% | +3.6% |
| 2015 | 4.1% | -8.1% |
| 2016 | 3.7% | -10.2% |
| 2017 | 3.3% | -8.9% |
| 2018 | 2.6% | -23.3% |
| 2019 | 2.7% | +3.9% |
| 2020 | 2.5% | -4.8% |
| 2021 | 2.5% | -0.8% |
| 2022 | 1.4% | -44.8% |
| 2023 | 1.3% | -5.8% |
| 2024 | 2.0% | +49.6% |
| 2025 | 1.9% | -0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 2.4% | 2.4% | 2.4% | 1 |
| 1990s | 3.2% | 2.1% | 4.4% | 10 |
| 2000s | 3.1% | 2.3% | 3.8% | 10 |
| 2010s | 3.3% | 1.8% | 4.4% | 10 |
| 2020s | 1.9% | 1.3% | 2.5% | 6 |
Countries ranked near Italy
More financial sector data for Italy
- Reserve position in the IMF, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 91.77 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 7.79 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 67.01 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 13.19 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 91.77 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 7.79 % change on previous year (2025)
Frequently asked questions
- What is risk premium on lending in Italy?
- Risk premium on lending in Italy was 1.9% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest risk premium on lending recorded in Italy?
- The highest recorded value was 4.4% in 2014.
- What is the lowest risk premium on lending recorded in Italy?
- The lowest recorded value was 1.3% in 2023.
- How does Italy rank for risk premium on lending?
- Italy ranks 65th out of 86 countries with data for 2025.
- Is risk premium on lending rising or falling in Italy?
- Over the last ten years it is down 52.4%. The long-run trend across the full record is falling.
- Where does this Italy data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Risk premium on lending (lending rate minus treasury bill rate, %). Statizoid updates them automatically from the source API.
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About this data
Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.