Belarus's interest rate spread (lending rate minus deposit rate, %) was 4.18% in 2025, the latest year in the World Bank's World Development Indicators. That is up 6.01 percentage points from -1.83% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.18% | 2025 |
| Five years earlier | 2.42% | 2020 |
| Ten years earlier | -1.83% | 2015 |
| Highest | 74.18% | 1995 |
| Lowest | -2.81% | 2012 |
| Average since 2016 | 2.99% | 2016–2025 |
| First recorded | 6.55% | 1993 |
What the numbers say
In 2025, Belarus' interest rate spread (lending rate minus deposit rate, %) fell 0.25 percentage points on 2024 (from 4.43% to 4.18%).
Across the 30 yearly changes before that (1995 to 2024), the average change was −1.82 percentage points and a typical year strayed about 9.97 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 52.35 percentage points in 1994 and the biggest yearly fall was 44.21 percentage points in 1996. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 0.42 percentage points a year. A straight line explains 64% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Belarus had the 50th highest value of the 72 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Belarus | 4.18% | 2025 |
| World | 5.98% | 2019 |
| Upper middle income | 5.82% | 2025 |
Closest to Belarus in the 2025 ranking
- St. Kitts and Nevis — 47th of 72: 4.37%
- Dominica — 48th of 72: 4.23%
- Moldova — 49th of 72: 4.23%
- Bulgaria — 51st of 72: 3.99%
- Thailand — 52nd of 72: 3.83%
- Bahamas, The — 53rd of 72: 3.66%
What this measures
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.
Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.
Regional and income-group figures are computed by the World Bank as a median.
All 33 values
| Year | Interest rate spread (lending rate minus deposit rate, %) |
|---|---|
| 2025 | 4.18 |
| 2024 | 4.43 |
| 2023 | 5.11 |
| 2022 | 4.29 |
| 2021 | 1.76 |
| 2020 | 2.42 |
| 2019 | 2.52 |
| 2018 | 2.78 |
| 2017 | 2.66 |
| 2016 | -0.2417 |
| 2015 |
Interest rate spread (lending rate minus deposit rate, %) in nearby economies
- Albania — 4.58% (2024)
- Armenia — 5.75% (2025)
- Azerbaijan — 5.98% (2025)
- Bosnia and Herzegovina — 2.21% (2025)
- Bulgaria — 3.99% (2025)
- Czechia — 3.07% (2025)
- Georgia — 5.32% (2025)
- Hungary — 2.3% (2025)
- Kosovo — 5.34% (2018)
More financial sector data for Belarus
- GDP deflator (base year varies by country) — 134.42 (2025)
- GDP deflator, linked series (base year varies by country) — 134.42 (2025)
- DEC alternative conversion factor (LCU per US$) — US$3.07 (2025)
- Inflation, GDP deflator (annual % growth) — 10.92% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 10.92% (2025)
- Consumer price index (2010 = 100) — 801.16 (2025)
- Lending interest rate (%) — 10.95% (2025)
- Real interest rate (%) — 0.03% (2025)
- Inflation, consumer prices (annual % growth) — 6.6% (2025)
- Deposit interest rate (%)
Reading data like this
Questions people ask
- What is Belarus's interest rate spread (lending rate minus deposit rate, %)?
- 4.18% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1993?
- It is down 2.37 percentage points from 6.55% in 1993. The highest value was 74.18% in 1995 and the lowest -2.81% in 2012.
- How does Belarus rank?
- 50th highest of 72 economies with data for 2025.
- Is the latest change in interest rate spread (lending rate minus deposit rate, %) unusual for Belarus?
- In 2025, Belarus' interest rate spread (lending rate minus deposit rate, %) fell 0.25 percentage points on 2024 (from 4.43% to 4.18%). Across the 30 yearly changes before that (1995 to 2024), the average change was −1.82 percentage points and a typical year strayed about 9.97 percentage points from that (the standard deviation). This year's change was 0.2 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator FR.INR.LNDP, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in