Indonesia - Interest Rate Spread 2023

Interest rate spread (lending rate minus deposit rate) · World Bank
4.29% −1.02pp from 2022 Global rank: 28th

Indonesia's interest rate spread was 4.29% in 2023, decreased +1.02pp from 5.31% in 2022. This was the 28th highest globally.

Global Ranking - 2023▾
Interest Rate Spread by Country - 2023
RankCountryValueYoY
1st Argentina 0.90% 5,227.9%
2nd Bangladesh 1.05% -32.8%
3rd Korea 1.35% 14.9%
4th Qatar 1.44% -25.7%
5th Switzerland 1.77% -36.7%
6th Georgia 1.92% -4.7%
7th Hungary 2.18% -4.7%
8th Czechia 2.27% -19.7%
9th Kuwait 2.43% 5.2%
10th Malaysia 2.67% 36.1%
11th China 2.85% 0.0%
12th Romania 2.88% -19.2%
13th Thailand 2.91% 10.8%
14th Norway 2.91% 23.5%
15th Bosnia and Herzegovina 2.94% 8.0%
16th Aruba 3.00% -30.2%
17th Jordan 3.37% -4.7%
18th North Macedonia 3.63% 1.8%
19th San Marino 3.63% 14.2%
20th Bahamas, The 3.71% -0.6%
21st Fiji 3.77% -3.1%
22nd Botswana 3.79% -18.3%
23rd Uruguay 3.79% -18.1%
24th Costa Rica 4.02% -6.2%
25th Armenia 4.02% 24.0%
26th Russian Federation 4.05% 5.1%
27th Uzbekistan 4.13% 2.8%
28th Indonesia 4.29% -19.2%
29th Dominica 4.30% -12.5%
30th Bulgaria 4.34% 16.5%
31st Kenya 4.42% -14.8%
32nd Viet Nam 4.54% 8.3%
33rd St. Kitts and Nevis 4.67% -6.6%
34th South Africa 4.85% 30.2%
35th Mauritius 4.92% -21.7%
36th Albania 5.00% -13.4%
37th Egypt, Arab Republic of 5.11% 136.7%
38th Belarus 5.11% 19.0%
39th St. Lucia 5.17% -2.6%
40th Antigua and Barbuda 5.26% -8.7%
41st Dominican Republic 5.27% 3.2%
42nd Hong Kong SAR, China 5.28% 4.5%
43rd Brunei Darussalam 5.31% -0.9%
44th Azerbaijan 5.31% -5.4%
45th Moldova 5.37% 116.3%
46th Macao SAR, China 5.37% 5.7%
47th Bolivia, Plurinational State of 5.46% 19.9%
48th Suriname 5.50% -26.2%
49th Namibia 5.53% 13.2%
50th Jamaica 5.84% -20.6%
51st St. Vincent and the Grenadines 5.92% -1.8%
52nd Trinidad and Tobago 6.02% 0.5%
53rd Grenada 6.03% 8.7%
54th Montenegro 6.08% 13.6%
55th Nigeria 6.17% -3.1%
56th Tonga 6.19% -0.3%
57th Algeria 6.25% 0.0%
58th Belize 6.36% 0.9%
59th Eswatini 6.39% 7.3%
60th Rwanda 6.41% -26.5%
61st Samoa 6.53% 0.6%
62nd Cabo Verde 6.77% -1.4%
63rd Mexico 6.82% 21.7%
64th Nicaragua 7.36% -8.7%
65th Guyana 7.60% -0.5%
66th Seychelles 7.63% 2.6%
67th Maldives 7.69% 6.7%
68th Guatemala 7.75% -3.3%
69th Colombia 7.82% 7.0%
70th Papua New Guinea 8.00% 3.4%
71st Honduras 8.46% -18.1%
72nd Bhutan 8.52% -22.5%
73rd Vanuatu 8.54% 2.1%
74th Lesotho 8.65% 17.9%
75th Haiti 9.52% -5.5%
76th Ukraine 9.77% -12.7%
77th Angola 10.04% -22.8%
78th Timor-Leste 10.13% -2.6%
79th Gambia, The 13.01% -8.1%
80th Sierra Leone 13.94% 0.1%
81st Mozambique 14.36% 16.3%
82nd São Tomé and Principe 15.52% 0.7%
83rd South Sudan 16.23% 0.0%
84th Kyrgyz Republic 17.81% 3.2%
85th Brazil 31.46% 14.8%
86th Madagascar 40.58% 14.5%
87th Zimbabwe 107.47% 10.7%

FAQ

What was Indonesia's interest rate spread in 2023?▾

Indonesia's interest rate spread in 2023 was 4.29%. This ranked 28th globally.

How did Indonesia's interest rate spread change in 2023?▾

Indonesia's interest rate spread decreased by 19.2% in 2023 compared to 2022.

Which country had the highest interest rate spread in 2023?▾

Zimbabwe had the highest interest rate spread in 2023 at 107.47%.

What is the interest rate spread of Indonesia in 2023?▾

The interest rate spread of Indonesia in 2023 was 4.29%. This ranked 28th globally.

How does 2023 compare to 2022 for Indonesia's interest rate spread?▾

Indonesia's interest rate spread went from 5.31% in 2022 to 4.29% in 2023, a 19.2% decrease.

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