Maldives Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Maldives's interest rate spread was 7.61% in 2025, ranked 19th globally. This represents a 2.9% decrease from 2024. Data from World Bank, covering 1995–2025.
Overview
Maldives's interest rate spread stood at 7.61% in 2025, a decline of +0.22pp from 2024. Based on recent trends, this figure is projected to reach 7.61% by 2025. Maldives ranked 19th globally.
The Maldives’ interest‑rate spread has widened modestly over the 31‑year series, rising from 6.86 % in 1995 to a peak of 8.05 % in 2019 before easing to 7.61 % in 2025, placing the country 19th globally. The trough of 4.95 % recorded in 1999 marked the narrowest gap between lending and deposit rates, reflecting a period of relatively low financing costs. Since the 2019 high, the spread has contracted by 0.44 percentage points, a movement that mirrors the modest tightening observed in peer small island economies such as Vanuatu, whose spread stood at 7.83 % in the same year, and is comparable to Mexico’s 7.50 %. The gradual narrowing suggests improving monetary transmission, yet the Maldives remains above the regional average, indicating persisting credit risk premiums. Continued fiscal consolidation and deeper financial market development could further compress the spread, steering the Maldives toward a tighter credit environment in the coming years.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 7.55% | - | - |
| 2026* trend | 7.58% | - | - |
| 2025* trend | 7.61% | - | - |
| 2025 | 7.61% | −0.22pp | #19 |
| 2024 | 7.83% | +0.14pp | #64 |
| 2023 | 7.69% | +0.48pp | #67 |
| 2022 | 7.20% | −0.67pp | #63 |
| 2021 | 7.88% | −0.01pp | #74 |
| 2020 | 7.88% | −0.17pp | #73 |
| 2019 | 8.05% | +1.03pp | #81 |
| 2018 | 7.02% | +0.44pp | #70 |
| 2017 | 6.58% | −0.40pp | #71 |
| 2016 | 6.98% | −0.00pp | #77 |
| 2015 | 6.98% | −0.29pp | #80 |
| 2014 | 7.28% | −0.06pp | #87 |
| 2013 | 7.34% | +0.58pp | #88 |
| 2012 | 6.75% | +0.73pp | #76 |
| 2011 | 6.02% | −0.30pp | #61 |
Detected Pattern
Analysis
Maldives matched the Fiscal Dominance Trap pattern in 2011. Historically, 72% of countries showing this pattern (278 out of 386) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Maldives's interest rate spread was 7.61% in 2025. Ranked 19th globally. This represents a 2.9% decrease from the previous year.
Maldives's interest rate spread peaked at 8.05% in 2019.
The lowest interest rate spread in Maldives was 4.95% in 1999.
Maldives ranks 19th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Maldives's interest rate spread is projected to reach 7.61% by 2025 based on trend extrapolation.
The interest rate spread of Maldives in 2025 was 7.61%. This ranks 19th in the world.
Cite this page
@misc{historysaid_maldives_interest-rate-spread,
title = {Maldives Interest Rate Spread},
url = {https://historysaid.com/maldives/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}