Indonesia Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Indonesia's interest rate spread was 3.76% in 2025, ranked 68th globally. This represents a 11.7% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Indonesia's interest rate spread stood at 3.76% in 2025, a rise of +0.39pp from 2024. Based on recent trends, this figure is projected to reach 3.76% by 2025. Indonesia ranked 68th globally.
Indonesia's interest rate spread has fluctuated significantly over the past 36 years, with a notable peak of 7.68% in 2004 and a trough of -6.91% in 1998, a year marked by the Asian financial crisis. Since then, the spread has remained volatile, with the current value standing at 3.76%, ranking 68th globally. This is comparable to the interest rate spread in Costa Rica, which shares a similar ranking. Historically, Indonesia's interest rate spread has been characterized by periods of high volatility, reflecting the country's economic challenges and policy responses. The recent trend suggests a stable, albeit moderate, interest rate spread. A shift in monetary policy stance or significant changes in global interest rates could alter the trajectory of Indonesia's interest rate spread, potentially leading to a widening or narrowing of the gap.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 3.30% | - | - |
| 2026* trend | 3.53% | - | - |
| 2025* trend | 3.76% | - | - |
| 2025 | 3.76% | +0.39pp | #68 |
| 2024 | 3.37% | −0.92pp | #19 |
| 2023 | 4.29% | −1.02pp | #28 |
| 2022 | 5.31% | +0.05pp | #43 |
| 2021 | 5.26% | +1.22pp | #49 |
| 2020 | 4.04% | +0.36pp | #34 |
| 2019 | 3.68% | −0.73pp | #35 |
| 2018 | 4.41% | −0.15pp | #38 |
| 2017 | 4.55% | −0.17pp | #45 |
| 2016 | 4.72% | +0.40pp | #48 |
| 2015 | 4.33% | +0.47pp | #49 |
| 2014 | 3.85% | −1.54pp | #39 |
| 2013 | 5.39% | −0.45pp | #60 |
| 2012 | 5.85% | +0.38pp | #62 |
| 2011 | 5.47% | −0.76pp | #55 |
Detected Pattern
Analysis
Indonesia matched the Export Boom Cycle pattern in 2011. 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
Indonesia's interest rate spread was 3.76% in 2025. Ranked 68th globally. This represents a 11.7% increase from the previous year.
Indonesia's interest rate spread peaked at 7.68% in 2004.
The lowest interest rate spread in Indonesia was -6.91% in 1998.
Indonesia ranks 68th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Indonesia's interest rate spread is projected to reach 3.76% by 2025 based on trend extrapolation.
The interest rate spread of Indonesia in 2025 was 3.76%. This ranks 68th in the world.
Cite this page
@misc{historysaid_indonesia_interest-rate-spread,
title = {Indonesia Interest Rate Spread},
url = {https://historysaid.com/indonesia/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}