Tajikistan Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Tajikistan's interest rate spread was 18.37% in 2019, ranked 105th globally. This represents a 21.3% decrease from 2018. Data from World Bank, covering 2002–2019.
Overview
Tajikistan's interest rate spread stood at 18.37% in 2019, a decline of +4.98pp from 2018. Tajikistan ranked 105th globally.
Tajikistan’s interest‑rate spread widened dramatically over the 18‑year series, climbing from a trough of 4.67 % in 2002 to an all‑time peak of 25.97 % in 2017 before easing to 18.37 % in 2019, a level that placed the country 105th globally. The surge reflects a widening gap between lending and deposit rates as the banking sector grappled with inflationary pressures and limited competition, while the subsequent moderation aligns with modest monetary‑policy tightening and gradual improvement in financial intermediation. Compared with peers of similar rank, the Kyrgyz Republic recorded a spread of 17.45 % and the Gambia posted 19.89 % in the same year, indicating that Tajikistan’s spread remains relatively high within this cohort. The downward movement since the 2017 peak suggests that continued reforms to deepen the domestic credit market and enhance regulatory oversight could further compress the spread, reinforcing financial stability and lowering borrowing costs.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2019 | 18.37% | −4.98pp | #105 |
| 2018 | 23.35% | −2.62pp | #111 |
| 2017 | 25.97% | +4.56pp | #122 |
| 2016 | 21.41% | −0.20pp | #122 |
| 2015 | 21.61% | +2.57pp | #124 |
| 2014 | 19.04% | +1.29pp | #126 |
| 2013 | 17.76% | +4.34pp | #127 |
| 2012 | 13.42% | −0.81pp | #117 |
| 2011 | 14.22% | −0.53pp | #116 |
| 2010 | 14.75% | −0.28pp | #116 |
| 2009 | 15.04% | +0.81pp | #114 |
| 2008 | 14.22% | +2.26pp | #114 |
| 2007 | 11.97% | −2.67pp | #109 |
| 2006 | 14.64% | +1.50pp | #113 |
| 2005 | 13.13% | +2.99pp | #105 |
Detected Pattern
Analysis
Tajikistan matched the Export Boom Cycle pattern in 2022. 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
Tajikistan's interest rate spread was 18.37% in 2019. Ranked 105th globally. This represents a 21.3% decrease from the previous year.
Tajikistan's interest rate spread peaked at 25.97% in 2017.
The lowest interest rate spread in Tajikistan was 4.67% in 2002.
Tajikistan ranks 105th globally in interest rate spread as of 2019.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
The interest rate spread of Tajikistan in 2019 was 18.37%. This ranks 105th in the world.
Cite this page
@misc{historysaid_tajikistan_interest-rate-spread,
title = {Tajikistan Interest Rate Spread},
url = {https://historysaid.com/tajikistan/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}