Kyrgyz Republic's risk premium on lending (lending rate minus treasury bill rate, %) was 10.64% in 2023, the latest year in the World Bank's World Development Indicators. That is down 2.17 percentage points from 12.81% in 2013.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.64% | 2023 |
| Five years earlier | 13.93% | 2018 |
| Ten years earlier | 12.81% | 2013 |
| Highest | 16.41% | 2002 |
| Lowest | -31.5% | 1999 |
| Average since 2014 | 12.11% | 2014–2023 |
| First recorded | -14.34% | 1996 |
What the numbers say
In 2023, Kyrgyz Republic's risk premium on lending (lending rate minus treasury bill rate, %) rose 0.07 percentage points on 2022 (from 10.56% to 10.64%).
Across the 26 yearly changes before that (1997 to 2022), the average change was +0.96 percentage points and a typical year strayed about 8.07 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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 26.1 percentage points in 2000 and the biggest yearly fall was 21.33 percentage points in 1998. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 there is no clear straight-line trend: a straight line explains 13% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
Closest to Kyrgyz Republic in the 2023 ranking
- Italy — 2nd of 2: 1.31%
What this measures
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.
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.
All 28 values
| Year | Risk premium on lending (lending rate minus treasury bill rate, %) |
|---|---|
| 2023 | 10.64 |
| 2022 | 10.56 |
| 2021 | 9.54 |
| 2020 | 11.16 |
| 2019 | 13.93 |
| 2018 | 13.93 |
| 2017 | 14.78 |
| 2016 | 15.02 |
| 2015 | 10.87 |
| 2014 | 10.68 |
| 2013 |
Risk premium on lending (lending rate minus treasury bill rate, %) in nearby economies
More financial sector data for Kyrgyz Republic
- GDP deflator (base year varies by country) — 209.56 (2025)
- Inflation, GDP deflator (annual % growth) — 12.4% (2025)
- Inflation, GDP deflator, linked series (annual % growth) — 12.4% (2025)
- GDP deflator, linked series (base year varies by country) — 209.56 (2025)
- DEC alternative conversion factor (LCU per US$) — US$87.36 (2025)
- Official exchange rate (LCU per US$, period average) — US$87.36 (2025)
- Consumer price index (2010 = 100) — 265.55 (2025)
- Domestic credit to private sector by banks (% of GDP) — 22.17% (2024)
- Net domestic credit (current LCU)
Reading data like this
Questions people ask
- What is Kyrgyz Republic's risk premium on lending (lending rate minus treasury bill rate, %)?
- 10.64% in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1996?
- It is up 24.98 percentage points from -14.34% in 1996. The highest value was 16.41% in 2002 and the lowest -31.5% in 1999.
- Is the latest change in risk premium on lending (lending rate minus treasury bill rate, %) unusual for Kyrgyz Republic?
- In 2023, Kyrgyz Republic's risk premium on lending (lending rate minus treasury bill rate, %) rose 0.07 percentage points on 2022 (from 10.56% to 10.64%). Across the 26 yearly changes before that (1997 to 2022), the average change was +0.96 percentage points and a typical year strayed about 8.07 percentage points from that (the standard deviation). This year's change was 0.1 standard deviations below 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.RISK, 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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