Hong Kong SAR, China Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Hong Kong SAR, China's interest rate spread was 5.34% in 2025, ranked 46th globally. This represents a 2.6% increase from 2024. Data from World Bank, covering 1994–2025.
Overview
Hong Kong SAR, China's interest rate spread stood at 5.34% in 2025, a rise of +0.14pp from 2024. Based on recent trends, this figure is projected to reach 5.34% by 2025. Hong Kong SAR, China ranked 46th globally.
Hong Kong SAR, China's interest rate spread has shown a significant fluctuation over the past 32 years, with the latest value standing at 5.34% in 2025, ranking 46 globally. The spread has reached an all-time peak of 5.34% in 2025, a year marked by rising borrowing costs and monetary tightening. In contrast, the interest rate spread hit its lowest point of 2.92% in 1997, amidst a period of financial turmoil following the Asian financial crisis. Compared to its regional peers, Hong Kong's interest rate spread is relatively high, surpassing that of Macao SAR, China, which stood at 5.46% in 2025. Historically, the interest rate spread in Hong Kong has been influenced by the country's economic integration with China and its role as a major financial hub. A sustained decline in interest rates in the United States or China could potentially lead to a decrease in Hong Kong's interest rate spread, altering the trajectory of its economic trajectory.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.51% | - | - |
| 2026* trend | 5.42% | - | - |
| 2025* trend | 5.34% | - | - |
| 2025 | 5.34% | +0.14pp | #46 |
| 2024 | 5.21% | −0.08pp | #37 |
| 2023 | 5.28% | +0.23pp | #42 |
| 2022 | 5.05% | +0.07pp | #39 |
| 2021 | 4.98% | +0.04pp | #45 |
| 2020 | 4.94% | −0.02pp | #42 |
| 2019 | 4.97% | −0.03pp | #45 |
| 2018 | 5.00% | +0.01pp | #45 |
| 2017 | 4.99% | +0.00pp | #53 |
| 2016 | 4.99% | +0.00pp | #51 |
| 2015 | 4.99% | +0.00pp | #55 |
| 2014 | 4.99% | +0.00pp | #53 |
| 2013 | 4.99% | +0.00pp | #52 |
| 2012 | 4.99% | +0.00pp | #47 |
| 2011 | 4.99% | +0.00pp | #47 |
Detected Pattern
Analysis
Hong Kong SAR, China matched the Export Boom Cycle pattern in 2017. 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
Hong Kong SAR, China's interest rate spread was 5.34% in 2025. Ranked 46th globally. This represents a 2.6% increase from the previous year.
Hong Kong SAR, China's interest rate spread peaked at 5.34% in 2025.
The lowest interest rate spread in Hong Kong SAR, China was 2.92% in 1997.
Hong Kong SAR, China ranks 46th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Hong Kong SAR, China's interest rate spread is projected to reach 5.34% by 2025 based on trend extrapolation.
The interest rate spread of Hong Kong SAR, China in 2025 was 5.34%. This ranks 46th in the world.
Cite this page
@misc{historysaid_hong-kong-sar-china_interest-rate-spread,
title = {Hong Kong SAR, China Interest Rate Spread},
url = {https://historysaid.com/hong-kong-sar-china/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}