Argentina Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Argentina's interest rate spread was 6.18% in 2025, ranked 35th globally. This represents a 17.1% decrease from 2024. Data from World Bank, covering 2010–2025.
Overview
Argentina's interest rate spread stood at 6.18% in 2025, a decline of +1.27pp from 2024. Based on recent trends, this figure is projected to reach 6.18% by 2025. Argentina ranked 35th globally.
Argentina’s interest‑rate spread widened dramatically from 1.39 % in 2010 to an all‑time peak of 19.97 % in 2019, reflecting the country’s chronic fiscal imbalances and soaring inflation that strained bank lending margins. The spread then contracted sharply, reaching a trough of –0.02 % in 2022 as monetary policy tightened and external financing costs fell, before rebounding to 6.18 % in 2025, placing Argentina 35th globally. This 2025 level is comparable to peers such as Algeria (6.25 %) and Belize (6.27 %), indicating a moderate but persistent gap between lending and deposit rates. The volatility underscores the sensitivity of Argentina’s financial sector to macro‑policy shifts and exchange‑rate pressures. Continued fiscal consolidation and credible inflation targeting could compress the spread further, while renewed sovereign debt stress would likely expand it again.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 8.92% | - | - |
| 2026* trend | 7.55% | - | - |
| 2025* trend | 6.18% | - | - |
| 2025 | 6.18% | −1.27pp | #35 |
| 2024 | 7.46% | +6.56pp | #61 |
| 2023 | 0.90% | +0.91pp | #1 |
| 2022 | -0.02% | −2.03pp | #1 |
| 2021 | 2.01% | +1.95pp | #10 |
| 2020 | 0.07% | −19.90pp | #1 |
| 2019 | 19.97% | +3.37pp | #107 |
| 2018 | 16.60% | +9.01pp | #107 |
| 2017 | 7.58% | +0.63pp | #85 |
| 2016 | 6.95% | +3.21pp | #75 |
| 2015 | 3.75% | +0.16pp | #43 |
| 2014 | 3.59% | +1.30pp | #36 |
| 2013 | 2.29% | +0.26pp | #22 |
| 2012 | 2.04% | −1.37pp | #17 |
| 2011 | 3.41% | +2.02pp | #30 |
Detected Pattern
Analysis
Argentina matched the Orthodox Tightening Cycle pattern in 2024. Historically, 57% of countries showing this pattern (177 out of 311) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Argentina's interest rate spread was 6.18% in 2025. Ranked 35th globally. This represents a 17.1% decrease from the previous year.
Argentina's interest rate spread peaked at 19.97% in 2019.
The lowest interest rate spread in Argentina was -0.02% in 2022.
Argentina ranks 35th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Argentina's interest rate spread is projected to reach 6.18% by 2025 based on trend extrapolation.
The interest rate spread of Argentina in 2025 was 6.18%. This ranks 35th in the world.
Cite this page
@misc{historysaid_argentina_interest-rate-spread,
title = {Argentina Interest Rate Spread},
url = {https://historysaid.com/argentina/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}