Macao SAR, China Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Macao SAR, China's interest rate spread was 5.46% in 2025, ranked 44th globally. This represents a 1.9% increase from 2024. Data from World Bank, covering 1986–2025.
Overview
Macao SAR, China's interest rate spread stood at 5.46% in 2025, a rise of +0.10pp from 2024. Based on recent trends, this figure is projected to reach 5.46% by 2025. Macao SAR, China ranked 44th globally.
Macao SAR’s interest‑rate spread has widened steadily over four decades, rising from a trough of 3.00 % in 1986 to an all‑time peak of 5.91 % in 2006, before settling at 5.46 % in 2025, which places the territory at 44th highest globally. The spread’s expansion reflects a gradual divergence between lending and deposit rates as Macao’s financial sector has become more integrated with international markets, a pattern echoed in peer economies such as Vietnam (5.60 %) and Egypt (5.46 %). While the 2006 peak coincided with heightened global liquidity and regional credit growth, the modest contraction to 5.46 % in 2025 suggests a modest re‑alignment of monetary conditions amid tighter policy stances worldwide. Future movements will likely hinge on the People’s Bank of China’s policy trajectory and the degree of capital flow volatility, which could either compress the spread further or reignite its upward pressure.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 5.64% | - | - |
| 2026* trend | 5.55% | - | - |
| 2025* trend | 5.46% | - | - |
| 2025 | 5.46% | +0.10pp | #44 |
| 2024 | 5.36% | −0.02pp | #39 |
| 2023 | 5.37% | +0.29pp | #46 |
| 2022 | 5.09% | −0.01pp | #40 |
| 2021 | 5.10% | +0.04pp | #46 |
| 2020 | 5.05% | −0.06pp | #44 |
| 2019 | 5.12% | −0.07pp | #47 |
| 2018 | 5.19% | −0.02pp | #51 |
| 2017 | 5.20% | −0.01pp | #56 |
| 2016 | 5.21% | +0.00pp | #58 |
| 2015 | 5.21% | +0.01pp | #60 |
| 2014 | 5.20% | −0.01pp | #56 |
| 2013 | 5.21% | +0.02pp | #56 |
| 2012 | 5.19% | −0.01pp | #51 |
| 2011 | 5.20% | −0.04pp | #50 |
Detected Pattern
Analysis
Macao SAR, China 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
Macao SAR, China's interest rate spread was 5.46% in 2025. Ranked 44th globally. This represents a 1.9% increase from the previous year.
Macao SAR, China's interest rate spread peaked at 5.91% in 2006.
The lowest interest rate spread in Macao SAR, China was 3.00% in 1986.
Macao SAR, China ranks 44th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Macao SAR, China's interest rate spread is projected to reach 5.46% by 2025 based on trend extrapolation.
The interest rate spread of Macao SAR, China in 2025 was 5.46%. This ranks 44th in the world.
Cite this page
@misc{historysaid_macao-sar-china_interest-rate-spread,
title = {Macao SAR, China Interest Rate Spread},
url = {https://historysaid.com/macao-sar-china/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}