OECD CLI Interest Rate Spread Component Ranking

The OECD Leading Indicator Interest Rate Spread Component is an indicator that forecasts economic growth for the next 3-6 months based on the difference between short-term and long-term interest rates (yield curve). Countries with larger interest rate spreads (higher-ranked) show strong economic conditions with expected future growth, while those with smaller or inverted spreads (lower-ranked) indicate signs of economic slowdown. In advanced economies, interest rate spreads fluctuate according to business cycles, and this indicator is utilized to detect turning points in the business cycle across OECD countries at an early stage. Since differences in each country's monetary policy and market expectations are reflected in the rankings, it is effective for understanding international economic trends.