Deposit interest rate in Philippines
Philippines: Deposit interest rate was 4.1% in 2019. ◆ Volatile
Deposit interest rate in Philippines, 1976–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Philippines recorded 4.1% for deposit interest rate in 2019.
Compared with earlier readings it is up 31.0% on the previous year and up 49.0% over ten years.
Over the whole period, deposit interest rate in Philippines peaked at 21.2% in 1984 and was at its lowest, 1.2%, in 2014.
That places Philippines 74th out of 152 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.5% | 8.5% | 8.7% | 4 |
| 1980s | 13.8% | 8.2% | 21.2% | 10 |
| 1990s | 12.1% | 8.2% | 19.5% | 10 |
| 2000s | 5.5% | 2.7% | 8.7% | 10 |
| 2010s | 2.5% | 1.2% | 4.1% | 10 |
Countries ranked near Philippines
More financial sector data for Philippines
- Domestic credit to private sector by banks 52.1% (2025)
- Total reserves in months of imports 7.33 (2025)
- Net domestic credit 22.68 trillion current LCU (2025)
- Net foreign assets 7.36 trillion current LCU (2025)
- Monetary Sector credit to private sector 52.1% (2025)
- Broad money 85.9% (2022)
- Claims on central government, etc. 32.6% (2025)
- Domestic credit to private sector 52.1% (2025)
- Official exchange rate 57.51 LCU per US$, period average (2025)
- Net migration -149,315 (2025)
Frequently asked questions
- What is deposit interest rate in Philippines?
- Deposit interest rate in Philippines was 4.1% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Philippines?
- The highest recorded value was 21.2% in 1984.
- What is the lowest deposit interest rate recorded in Philippines?
- The lowest recorded value was 1.2% in 2014.
- How does Philippines rank for deposit interest rate?
- Philippines ranks 74th out of 152 countries with data for 2019.
- Is deposit interest rate rising or falling in Philippines?
- Over the last ten years it is up 49.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the 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. This indicator is expressed as a percentage (a÷b)*100.