Montenegro Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Montenegro's interest rate spread was 6.45% in 2025, ranked 29th globally. This represents a 1.6% increase from 2024. Data from World Bank, covering 2005–2025.
Overview
Montenegro's interest rate spread stood at 6.45% in 2025, a rise of +0.10pp from 2024. Based on recent trends, this figure is projected to reach 6.45% by 2025. Montenegro ranked 29th globally.
Montenegro's interest rate spread has fluctuated significantly over the past two decades, with a peak of 7.57% in 2005 and a trough of 4.24% in 2007. The country's interest rate spread has been steadily decreasing since then, with the latest value standing at 6.45% in 2025, ranking 29th globally. In comparison, peer countries such as Peru and Tonga reported interest rate spreads of 6.57% and 6.42%, respectively. The decrease in interest rate spread is indicative of a more stable financial environment in Montenegro, with lower borrowing costs for consumers and businesses. However, the country's ranking has been surpassed by several nations, highlighting the need for continued economic reforms to improve financial inclusion and reduce the spread. A further reduction in interest rate spread would likely require sustained economic growth, improved financial sector stability, and increased competition among lenders.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 6.92% | - | - |
| 2026* trend | 6.68% | - | - |
| 2025* trend | 6.45% | - | - |
| 2025 | 6.45% | +0.10pp | #29 |
| 2024 | 6.35% | +0.27pp | #54 |
| 2023 | 6.08% | +0.73pp | #54 |
| 2022 | 5.35% | −0.04pp | #45 |
| 2021 | 5.39% | −0.11pp | #53 |
| 2020 | 5.50% | −0.21pp | #52 |
| 2019 | 5.71% | −0.21pp | #52 |
| 2018 | 5.92% | −0.40pp | #58 |
| 2017 | 6.32% | −0.59pp | #69 |
| 2016 | 6.91% | −0.57pp | #74 |
| 2015 | 7.48% | +0.20pp | #87 |
| 2014 | 7.27% | +0.79pp | #86 |
| 2013 | 6.48% | +0.18pp | #75 |
| 2012 | 6.30% | −0.25pp | #70 |
| 2011 | 6.55% | +0.72pp | #72 |
Detected Pattern
Analysis
Montenegro matched the Fiscal Dominance Trap pattern in 2022. 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
Montenegro's interest rate spread was 6.45% in 2025. Ranked 29th globally. This represents a 1.6% increase from the previous year.
Montenegro's interest rate spread peaked at 7.57% in 2005.
The lowest interest rate spread in Montenegro was 4.24% in 2007.
Montenegro ranks 29th globally in interest rate spread as of 2025.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
Montenegro's interest rate spread is projected to reach 6.45% by 2025 based on trend extrapolation.
The interest rate spread of Montenegro in 2025 was 6.45%. This ranks 29th in the world.
Cite this page
@misc{historysaid_montenegro_interest-rate-spread,
title = {Montenegro Interest Rate Spread},
url = {https://historysaid.com/montenegro/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}