Interest rate spread in Namibia
Namibia: Interest rate spread was 5.6% in 2024. ▼ Falling
Interest rate spread in Namibia, 1991–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
In 2024, interest rate spread in Namibia stood at 5.6%.
The figure is up 0.8% on the previous year and up 25.4% over ten years.
Over the whole period, interest rate spread in Namibia peaked at 10.6% in 1991 and was at its lowest, 3.7%, in 2020.
That places Namibia 63rd out of 140 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 34 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.1% | 6.6% | 10.6% | 9 |
| 2000s | 5.7% | 4.4% | 7.9% | 10 |
| 2010s | 4.4% | 4.1% | 4.7% | 10 |
| 2020s | 4.7% | 3.7% | 5.6% | 5 |
Countries ranked near Namibia
- 60 Saint Vincent and the Grenadines 5.8% compare
- 61 Armenia 5.8% compare
- 62 Rwanda 5.7% compare
- 64 Dominican Republic 5.5% compare
- 65 Colombia 5.4% compare
More financial sector data for Namibia
- Net migration 1,866 (2025)
- Official exchange rate 17.89 LCU per US$, period average (2025)
- Total reserves in months of imports 3.96 (2024)
- Net domestic credit 179.55 billion current LCU (2025)
- Broad money 72.6% (2021)
- Domestic credit to private sector by banks 46.1% (2025)
- Net foreign assets 74.34 billion current LCU (2025)
- Claims on central government, etc. 18.1% (2025)
- Monetary Sector credit to private sector 46.2% (2025)
- Domestic credit to private sector 55.1% (2024)
Frequently asked questions
- What is interest rate spread in Namibia?
- Interest rate spread in Namibia was 5.6% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Namibia?
- The highest recorded value was 10.6% in 1991.
- What is the lowest interest rate spread recorded in Namibia?
- The lowest recorded value was 3.7% in 2020.
- How does Namibia rank for interest rate spread?
- Namibia ranks 63rd out of 140 countries with data for 2024.
- Is interest rate spread rising or falling in Namibia?
- Over the last ten years it is up 25.4%. The long-run trend across the full record is falling.
- Where does this Namibia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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CSV · JSON — 34 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.