Bulgaria Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Bulgaria's interest rate spread was 4.21% in 2025, ranked 62nd globally. This represents a 1.9% decrease from 2024. Data from World Bank, covering 2000–2025.
Overview
Bulgaria's interest rate spread stood at 4.21% in 2025, a decline of +0.08pp from 2024. Based on recent trends, this figure is projected to reach 4.21% by 2025. Bulgaria ranked 62nd globally.
Bulgaria’s interest‑rate spread has narrowed markedly since the turn of the millennium, falling from an all‑time peak of 8.20 % in 2000 to a trough of 3.73 % in 2022 before rising modestly to 4.21 % in 2025, placing the country 62nd globally. The 26‑year coverage shows the spread contracting by roughly half, reflecting tighter monetary policy transmission and a convergence of lending and policy rates after the early‑2000s credit boom. Compared with peers of similar ranking, Bulgaria’s spread is slightly above Jamaica’s 4.27 % and below the Russian Federation’s 4.44 %, indicating a moderate level of financial intermediation risk relative to these economies. The recent uptick to 4.21 % suggests a modest loosening of credit conditions, but the long‑term trajectory remains downward as the banking sector improves risk assessment and the National Bank of Bulgaria continues to anchor policy rates. Future shifts in global funding costs or domestic fiscal pressures could alter this easing trend.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 4.24% | - | - |
| 2026* trend | 4.22% | - | - |
| 2025* trend | 4.21% | - | - |
| 2025 | 4.21% | −0.08pp | #62 |
| 2024 | 4.29% | −0.05pp | #26 |
| 2023 | 4.34% | +0.61pp | #30 |
| 2022 | 3.73% | −0.37pp | #24 |
| 2021 | 4.10% | −0.22pp | #37 |
| 2020 | 4.32% | −0.20pp | #38 |
| 2019 | 4.52% | −0.41pp | #40 |
| 2018 | 4.94% | −0.46pp | #43 |
| 2017 | 5.39% | −0.83pp | #59 |
| 2016 | 6.22% | −0.62pp | #65 |
| 2015 | 6.83% | +0.23pp | #77 |
| 2014 | 6.61% | −0.02pp | #77 |
| 2013 | 6.63% | +0.00pp | #79 |
| 2012 | 6.63% | −0.63pp | #74 |
| 2011 | 7.26% | +0.19pp | #77 |
Detected Pattern
Analysis
Bulgaria matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Bulgaria's interest rate spread was 4.21% in 2025. Ranked 62nd globally. This represents a 1.9% decrease from the previous year.
Bulgaria's interest rate spread peaked at 8.20% in 2000.
The lowest interest rate spread in Bulgaria was 3.73% in 2022.
Bulgaria ranks 62nd globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Bulgaria's interest rate spread is projected to reach 4.21% by 2025 based on trend extrapolation.
The interest rate spread of Bulgaria in 2025 was 4.21%. This ranks 62nd in the world.
Cite this page
@misc{historysaid_bulgaria_interest-rate-spread,
title = {Bulgaria Interest Rate Spread},
url = {https://historysaid.com/bulgaria/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}