Dominican Republic's interest rate spread (lending rate minus deposit rate, %) was 5.48% in 2024, the latest year in the World Bank's World Development Indicators. That is down 2.02 percentage points from 7.5% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 5.48% | 2024 |
| Five years earlier | 6.36% | 2019 |
| Ten years earlier | 7.5% | 2014 |
| Highest | 15.85% | 1993 |
| Lowest | 5.11% | 2022 |
| Average since 2015 | 6.7% | 2015–2024 |
| First recorded | 15.24% | 1991 |
What the numbers say
In 2024, Dominican Republic's interest rate spread (lending rate minus deposit rate, %) rose 0.21 percentage points on 2023 (from 5.27% to 5.48%).
Across the 30 yearly changes before that (1994 to 2023), the average change was −0.35 percentage points and a typical year strayed about 1.49 percentage points from that (the standard deviation). This year's change was 0.4 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 4.21 percentage points in 1993 and the biggest yearly fall was 5.92 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 2015 to 2024 the straight-line trend is downward, about 0.37 percentage points a year. A straight line explains 81% 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 2024, Dominican Republic had the 9th highest value of the 16 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 | |
|---|---|---|
| Dominican Republic | 5.48% | 2024 |
| World | 5.98% | 2019 |
| Latin America & Caribbean | 6.07% | 2025 |
| Upper middle income | 5.82% | 2025 |
Closest to Dominican Republic in the 2024 ranking
- Eswatini — 5th of 16: 6.97%
- Rwanda — 6th of 16: 5.69%
- Namibia — 7th of 16: 5.58%
- Egypt, Arab Rep. — 9th of 16: 5.13%
- Uzbekistan — 10th of 16: 5.01%
- Kenya — 11th of 16: 4.61%
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 34 values
| Year | Interest rate spread (lending rate minus deposit rate, %) |
|---|---|
| 2024 | 5.48 |
| 2023 | 5.27 |
| 2022 | 5.11 |
| 2021 | 7.12 |
| 2020 | 6.33 |
| 2019 | 6.36 |
| 2018 | 6.52 |
| 2017 | 7.91 |
| 2016 | 8.39 |
| 2015 | 8.45 |
| 2014 |
Interest rate spread (lending rate minus deposit rate, %) in nearby economies
- Antigua and Barbuda — 5.06% (2025)
- Argentina — 11.16% (2025)
- Aruba — 3% (2023)
- Bahamas, The — 3.66% (2025)
- Barbados — 7.91% (2022)
- Belize — 6.5% (2025)
- Bolivia — 6.27% (2025)
- Brazil — 32.52% (2024)
- Chile — 1.48% (2018)
More financial sector data for Dominican Republic
- Domestic credit to private sector by banks (% of GDP) — 31.81% (2025)
- Net domestic credit (current LCU) — 3.82 trillion (2025)
- Net foreign assets (current LCU) — 793.12 billion (2025)
- Monetary sector credit to private sector (% of GDP) — 31.92% (2025)
- Broad money (current LCU) — 3.26 trillion (2025)
- Broad money (% of GDP) — 41.31% (2025)
- Broad money to total reserves ratio — 3.56 (2025)
- Consumer price index (2010 = 100) — 181.65 (2025)
- Inflation, consumer prices (annual % growth) — 3.87% (2025)
Reading data like this
Questions people ask
- What is Dominican Republic's interest rate spread (lending rate minus deposit rate, %)?
- 5.48% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1991?
- It is down 9.76 percentage points from 15.24% in 1991. The highest value was 15.85% in 1993 and the lowest 5.11% in 2022.
- How does Dominican Republic rank?
- 9th highest of 16 economies with data for 2024.
- Is the latest change in interest rate spread (lending rate minus deposit rate, %) unusual for Dominican Republic?
- In 2024, Dominican Republic's interest rate spread (lending rate minus deposit rate, %) rose 0.21 percentage points on 2023 (from 5.27% to 5.48%). Across the 30 yearly changes before that (1994 to 2023), the average change was −0.35 percentage points and a typical year strayed about 1.49 percentage points from that (the standard deviation). This year's change was 0.4 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.
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