Interest spread, which is the difference between interest rate on loans and deposits rose 14.4% to 6.08% in Azerbaijan in 2024, according to the National Central Bank.
Historically, interest spread, which is the difference between interest rate on loans and deposits in Azerbaijan reached an all time high of 11.2% in 2001 and an all time low of 5.31% in 2023.
Azerbaijan has been ranked 23rd within the group of 64 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 9 places above the position seen 10 years ago.
| Interest Spread (Difference Between Interest Rate on Loans and Deposits) | Unit | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
| Armenia | % | 4.13% | 3.66% | 3.50% | 3.52% | 3.25% | ||||||||||||||||
| Azerbaijan | % | 7.17% | 7.59% | 8.49% | 7.72% | 5.61% | ||||||||||||||||
| China | % | 2.85% | 2.85% | 2.85% | 2.85% | 2.85% | ||||||||||||||||
| Georgia | % | 2.29% | 2.11% | 1.58% | 2.20% | 2.02% | ||||||||||||||||
| Germany | % | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Iran | % | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Iraq | % | ... | ... | ... | ... | ... | ... | ... | ... | |||||||||||||
| Japan | % | ... | ... | ... | ... | ... | ... | ... | ||||||||||||||
| Pakistan | % | 3.31% | 3.10% | 3.28% | 2.91% | ... | ... | ... | ||||||||||||||
| Russia | % | 3.50% | 3.35% | 3.01% | 3.39% | 3.86% | ... | |||||||||||||||
| Turkey | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| Turkmenistan | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
| USA | % | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... | ... |
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