Interest Spread remained unchanged in Trinidad and Tobago in 2017

Interest Spread (%)
Banking | Trinidad and Tobago | May 17, 2019
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Excel Sheet

Interest spread, which is the difference between interest rate on loans and deposits reached 8.75 % in 1995 in Trinidad and Tobago, according to the National Central Bank. This is 11.5 % more than in the previous year.

Historically, interest spread, which is the difference between interest rate on loans and deposits in Trinidad and Tobago reached an all time high of 9.38 % in 1998 and an all time low of 4.81 % in 1981. When compared to Trinidad and Tobago's main peers, interest spread, which is the difference between interest rate on loans and deposits in Guyana amounted to 6.32 %, 19.3 % in Suriname and 15.0 % in Venezuela in 1995.

Trinidad and Tobago has been ranked 47th within the group of 124 countries we follow in terms of interest spread, which is the difference between interest rate on loans and deposits, 33 places behind the position seen 10 years ago.

Interest rate spread is the interest rate charged by banks on loans to prime customers minus the interest rate paid by commercial banks for demand, time, or savings deposits.

Interest Spread (Difference Between Interest Rate on Loans and Deposits) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Brazil % 32.9% 28.7% 19.6% 22.0% 31.3%
Colombia % 6.96% 7.23% 6.82% 6.78% 6.87%
Dominican Republic % 7.68% 7.99% 7.57% 7.18% 8.32%
Guyana % 12.5% 12.3% 12.4% 11.8% 11.7%
Haiti % 11.3% 8.48% 8.04% 8.16% 8.64%
Jamaica % 15.2% 13.9% 14.0% 12.7% 13.1%
Puerto Rico % ... ... ... ... ... ... ... ... ...
Suriname % 5.37% 4.95% 4.89% 4.93% 5.08%
Trinidad and Tobago % 6.47% 6.21% 6.00% 6.00% 6.68%
USA % ... ... ... ... ... ... ... ... ...
Venezuela % 2.56% 1.87% 1.39% 2.53% 4.51%