Mozambique's interest rate spread (lending rate minus deposit rate, %) was 11.76% in 2025, the latest year in the World Bank's World Development Indicators. That is up 5.43 percentage points from 6.33% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 11.76% | 2025 |
| Five years earlier | 10.29% | 2020 |
| Ten years earlier | 6.33% | 2015 |
| Highest | 16.13% | 1998 |
| Lowest | 4.53% | 1997 |
| Average since 2016 | 11.39% | 2016–2025 |
| First recorded | 4.53% | 1997 |
What the numbers say
In 2025, Mozambique's interest rate spread (lending rate minus deposit rate, %) fell 1.72 percentage points on 2024 (from 13.48% to 11.76%).
Across the 27 yearly changes before that (1998 to 2024), the average change was +0.33 percentage points and a typical year strayed about 2.89 percentage points from that (the standard deviation). This year's change was 0.7 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 11.6 percentage points in 1998 and the biggest yearly fall was 4.36 percentage points in 1999. 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 0.39 percentage points a year. A straight line explains 54% 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, Mozambique had the 9th 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 | |
|---|---|---|
| Mozambique | 11.76% | 2025 |
| World | 5.98% | 2019 |
| Sub-Saharan Africa | 7.11% | 2021 |
Closest to Mozambique in the 2025 ranking
- São Tomé and Principe — 5th of 72: 15.38%
- Sierra Leone — 6th of 72: 14.4%
- South Sudan — 7th of 72: 14.21%
- Angola — 9th of 72: 11.39%
- Argentina — 10th of 72: 11.16%
- Timor-Leste — 11th of 72: 9.95%
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 29 values
| Year | Interest rate spread (lending rate minus deposit rate, %) |
|---|---|
| 2025 | 11.76 |
| 2024 | 13.48 |
| 2023 | 14.36 |
| 2022 | 12.35 |
| 2021 | 11.15 |
| 2020 | 10.29 |
| 2019 | 9.9 |
| 2018 | 9.43 |
| 2017 | 10.77 |
| 2016 | 10.42 |
| 2015 |
Interest rate spread (lending rate minus deposit rate, %) in nearby economies
- Angola — 11.39% (2025)
- Benin — 0.95% (2021)
- Botswana — 3.91% (2024)
- Burkina Faso — 0.95% (2021)
- Cabo Verde — 6.21% (2025)
- Comoros — 5.97% (2022)
- Congo, Dem. Rep. — 16.21% (2025)
- Côte d'Ivoire — -1.63% (2016)
- Eswatini — 6.97% (2024)
More financial sector data for Mozambique
- DEC alternative conversion factor (LCU per US$) — US$64.09 (2025)
- Official exchange rate (LCU per US$, period average) — US$63.91 (2024)
- Net domestic credit (current LCU) — 594.45 billion (2025)
- Net foreign assets (current LCU) — 250.99 billion (2025)
- Broad money (current LCU) — 850.7 billion (2025)
- Claims on central government (annual growth as % of broad money) — 5.09% (2025)
- Claims on private sector (annual growth as % of broad money) — 0.68% (2025)
- Broad money to total reserves ratio — 3.17 (2024)
- Broad money (annual % growth) — 9.33% (2025)
Reading data like this
Questions people ask
- What is Mozambique's interest rate spread (lending rate minus deposit rate, %)?
- 11.76% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1997?
- It is up 7.23 percentage points from 4.53% in 1997. The highest value was 16.13% in 1998 and the lowest 4.53% in 1997.
- How does Mozambique rank?
- 9th highest of 72 economies with data for 2025.
- Is the latest change in interest rate spread (lending rate minus deposit rate, %) unusual for Mozambique?
- In 2025, Mozambique's interest rate spread (lending rate minus deposit rate, %) fell 1.72 percentage points on 2024 (from 13.48% to 11.76%). Across the 27 yearly changes before that (1998 to 2024), the average change was +0.33 percentage points and a typical year strayed about 2.89 percentage points from that (the standard deviation). This year's change was 0.7 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.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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