Bhutan Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Bhutan's interest rate spread was 5.79% in 2025, ranked 39th globally. This represents a 4.1% decrease from 2024. Data from World Bank, covering 1982–2025.
Overview
Bhutan's interest rate spread stood at 5.79% in 2025, a decline of +0.25pp from 2024. Based on recent trends, this figure is projected to reach 5.79% by 2025. Bhutan ranked 39th globally.
Bhutan's interest rate spread has undergone significant fluctuations over the past 44 years, with notable variations between its peak and trough values. The spread peaked at 12.00% in 2018, indicating a substantial gap between lending and deposit rates, whereas it reached its lowest point at 5.79% in 2025, ranking 39th globally. Compared to its peer countries, Bhutan's current spread is closely aligned with Belarus at 5.81%, suggesting a similar banking landscape in both nations. Notably, the spread has been declining since 2018, indicating a reduction in the interest rate gap. This trend is expected to continue if the country maintains its low-inflation environment and supports financial sector stability. A potential disruption to this trajectory could come from changes in monetary policy or external economic factors, which may impact the country's ability to sustain low interest rates and maintain a stable banking sector.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.31% | - | - |
| 2026* trend | 4.55% | - | - |
| 2025* trend | 5.79% | - | - |
| 2025 | 5.79% | −0.25pp | #39 |
| 2024 | 6.04% | −2.48pp | #48 |
| 2023 | 8.52% | −2.48pp | #72 |
| 2022 | 11.00% | +0.00pp | #80 |
| 2021 | 11.00% | +0.00pp | #90 |
| 2020 | 11.00% | −0.75pp | #92 |
| 2019 | 11.75% | −0.25pp | #96 |
| 2018 | 12.00% | +0.58pp | #99 |
| 2017 | 11.42% | +1.27pp | #111 |
| 2016 | 10.15% | −0.75pp | #103 |
| 2015 | 10.90% | +1.41pp | #107 |
| 2014 | 9.48% | +0.15pp | #104 |
| 2013 | 9.33% | +0.12pp | #107 |
| 2012 | 9.21% | −0.29pp | #101 |
| 2011 | 9.50% | −2.21pp | #99 |
Detected Pattern
Analysis
Bhutan matched the Export Boom Cycle pattern in 2007. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Bhutan's interest rate spread was 5.79% in 2025. Ranked 39th globally. This represents a 4.1% decrease from the previous year.
Bhutan's interest rate spread peaked at 12.00% in 2018.
The lowest interest rate spread in Bhutan was 5.79% in 2025.
Bhutan ranks 39th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Bhutan's interest rate spread is projected to reach 5.79% by 2025 based on trend extrapolation.
The interest rate spread of Bhutan in 2025 was 5.79%. This ranks 39th in the world.
Cite this page
@misc{historysaid_bhutan_interest-rate-spread,
title = {Bhutan Interest Rate Spread},
url = {https://historysaid.com/bhutan/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}