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Indonesia – Interest Rate Spread

Difference between the lending rate and the deposit rate. A wider spread may indicate less competition or higher risk in the banking sector. · World Bank
3.37% −0.92pp from 2023 G20 rank: 19th · all-time high: 7.68% (2004)

APA

Indonesia Interest Rate Spread. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/indonesia/interest-rate-spread

BibTeX

@misc{historysaid_indonesia_interest-rate-spread,
  title = {Indonesia Interest Rate Spread},
  url = {https://historysaid.com/indonesia/interest-rate-spread},
  publisher = {HistorySaid},
  year = {2026}
}
Data & Projection
YearValueChangeRank
2027* trend 3.30%
2026* trend 3.53%
2025* trend 3.76%
2024 3.37% −0.92pp 19th
2023 4.29% −1.02pp 28th
2022 5.31% +0.05pp 43rd
2021 5.26% +1.22pp 49th
2020 4.04% +0.36pp 34th
2019 3.68% −0.73pp 35th
2018 4.41% −0.15pp 38th
2017 4.55% −0.17pp 45th
2016 4.72% +0.40pp 48th
2015 4.33% +0.47pp 49th
Show all years (1990–2024)
* Linear trend extrapolation from last 5 data points
Detected Pattern
Export Boom Cycle
Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.
Reserves YoY +14.5% GDP growth 6.2% C/A balance 0.2%
This pattern occurred 682 times in G20 history, 460 successful
Reserves YoY
+25.6%
GDP growth
4.0%
C/A balance
14.5%
Reserves YoY
+14.6%
GDP growth
3.7%
C/A balance
2.9%
Reserves YoY
+12.6%
GDP growth
6.0%
C/A balance
0.5%
Reserves YoY
+38.3%
GDP growth
5.0%
C/A balance
1.2%
Reserves YoY
+18.0%
GDP growth
2.9%
C/A balance
3.9%
Reserves YoY
+20.1%
GDP growth
2.8%
C/A balance
3.3%
HistorySaid

Indonesia's interest rate spread stood at 3.37% in 2024, a decline of −0.92pp from 2023. Based on recent trends, HistorySaid estimates 3.76% by 2025.