Europe & Central Asia (IDA & IBRD)'s interest rate spread (lending rate minus deposit rate, %) was 4.58% in 2024, the latest year in the World Bank's World Development Indicators. That is down 1.22 percentage points from 5.8% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.58% | 2024 |
| Five years earlier | 4.95% | 2019 |
| Ten years earlier | 5.8% | 2014 |
| Highest | 15.86% | 2000 |
| Lowest | 3.86% | 2022 |
| Average since 2015 | 4.91% | 2015–2024 |
| First recorded | 15.86% | 2000 |
What the numbers say
In 2024, Europe & Central Asia (IDA & IBRD)'s interest rate spread (lending rate minus deposit rate, %) rose 0.03 percentage points on 2023 (from 4.55% to 4.58%).
Across the 23 yearly changes before that (2001 to 2023), the average change was −0.49 percentage points and a typical year strayed about 1.16 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 1.74 percentage points in 2004 and the biggest yearly fall was 3.5 percentage points in 2001. 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 0.23 percentage points a year. A straight line explains 71% 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
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Europe & Central Asia (IDA & IBRD) | 4.58% | 2024 |
| World | 5.98% | 2019 |
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 25 values
| Year | Interest rate spread (lending rate minus deposit rate, %) |
|---|---|
| 2024 | 4.58 |
| 2023 | 4.55 |
| 2022 | 3.86 |
| 2021 | 4.03 |
| 2020 | 4.35 |
| 2019 | 4.95 |
| 2018 | 5.18 |
| 2017 | 5.39 |
| 2016 | 5.74 |
| 2015 | 6.48 |
| 2014 |
Interest rate spread (lending rate minus deposit rate, %) in nearby economies
- Algeria — 6.25% (2025)
- Bahrain — 4.17% (2015)
- Egypt, Arab Rep. — 5.13% (2024)
- Iran, Islamic Rep. — 5.2% (2016)
- Iraq — 7.44% (2015)
- Israel — 2.52% (2022)
- Jordan — 2.62% (2025)
- Kuwait — 2.41% (2025)
- Lebanon — 0.82% (2019)
More financial sector data for Europe & Central Asia (IDA & IBRD)
- Domestic credit to private sector by banks (% of GDP) — 48.49% (2021)
- Monetary sector credit to private sector (% of GDP) — 48.5% (2021)
- Claims on central government, etc. (% of GDP) — 4.72% (2021)
- Broad money (% of GDP) — 64.34% (2020)
- Inflation, GDP deflator (annual % growth) — 4.77% (2025)
- Inflation, consumer prices (annual % growth) — 4.33% (2025)
- Listed domestic companies, total — 2,091 (2023)
- Stocks traded, turnover ratio of domestic shares (%)
Reading data like this
Questions people ask
- What is Europe & Central Asia (IDA & IBRD)'s interest rate spread (lending rate minus deposit rate, %)?
- 4.58% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is down 11.28 percentage points from 15.86% in 2000. The highest value was 15.86% in 2000 and the lowest 3.86% in 2022.
- Is the latest change in interest rate spread (lending rate minus deposit rate, %) unusual for Europe & Central Asia (IDA & IBRD)?
- In 2024, Europe & Central Asia (IDA & IBRD)'s interest rate spread (lending rate minus deposit rate, %) rose 0.03 percentage points on 2023 (from 4.55% to 4.58%). Across the 23 yearly changes before that (2001 to 2023), the average change was −0.49 percentage points and a typical year strayed about 1.16 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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