South Africa - Interest Rate Spread 2023
4.85%
+1.12pp from 2022
South Africa's interest rate spread was 4.85% in 2023, increased +1.12pp from 3.73% in 2022. This was the 34th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 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 South Africa's interest rate spread in 2023?▾
South Africa's interest rate spread in 2023 was 4.85%. This ranked 34th globally.
How did South Africa's interest rate spread change in 2023?▾
South Africa's interest rate spread increased by 30.2% 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 South Africa in 2023?▾
The interest rate spread of South Africa in 2023 was 4.85%. This ranked 34th globally.
How does 2023 compare to 2022 for South Africa's interest rate spread?▾
South Africa's interest rate spread went from 3.73% in 2022 to 4.85% in 2023, a 30.2% increase.
Related
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Lowest: 2020
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