Deposit rate, Foreign Currency, Rate, Percent per annum in Philippines
Philippines: Deposit rate, Foreign Currency, Rate, Percent per annum was 1.3 in 2019. ◆ Volatile
Deposit rate, Foreign Currency, Rate, Percent per annum in Philippines, 1992–2019
Source: International Monetary Fund.
Analysis
In 2019, deposit rate, foreign currency, rate, percent per annum in Philippines stood at 1.3.
The figure is up 23.5% on the previous year and down 9.0% over ten years.
Over the whole period, deposit rate, foreign currency, rate, percent per annum in Philippines peaked at 5.44 in 1998 and was at its lowest, 0.6621, in 2016.
That places Philippines 24th out of 39 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.
Deposit rate, Foreign Currency, Rate, Percent per annum in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 3.39 | — |
| 1993 | 3.21 | -5.4% |
| 1994 | 4.2 | +30.8% |
| 1995 | 5.29 | +26.0% |
| 1996 | 5.1 | -3.7% |
| 1997 | 5.32 | +4.4% |
| 1998 | 5.44 | +2.2% |
| 1999 | 5.04 | -7.4% |
| 2000 | 5.21 | +3.4% |
| 2001 | 3.8 | -26.9% |
| 2002 | 2.32 | -39.0% |
| 2003 | 1.91 | -17.8% |
| 2004 | 1.92 | +0.4% |
| 2005 | 2.41 | +25.7% |
| 2006 | 3.21 | +33.4% |
| 2007 | 3.26 | +1.6% |
| 2008 | 2.19 | -32.9% |
| 2009 | 1.43 | -34.5% |
| 2010 | 1.08 | -24.5% |
| 2011 | 0.9374 | -13.3% |
| 2012 | 0.9372 | -0.0% |
| 2013 | 0.7961 | -15.1% |
| 2014 | 0.7195 | -9.6% |
| 2015 | 0.6887 | -4.3% |
| 2016 | 0.6621 | -3.9% |
| 2017 | 0.7353 | +11.1% |
| 2018 | 1.06 | +43.6% |
| 2019 | 1.3 | +23.5% |
Philippines compared with similar countries
- Philippines's 1.3 is below the median for upper middle income countries, which is 1.4, 93% of the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.63 | 3.21 | 5.44 | 8 |
| 2000s | 2.77 | 1.43 | 5.21 | 10 |
| 2010s | 0.8916 | 0.6621 | 1.3 | 10 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is deposit rate, foreign currency, rate, percent per annum in Philippines?
- Deposit rate, foreign currency, rate, percent per annum in Philippines was 1.3 in 2019, according to International Monetary Fund.
- What is the highest deposit rate, foreign currency, rate, percent per annum recorded in Philippines?
- The highest recorded value was 5.44 in 1998.
- What is the lowest deposit rate, foreign currency, rate, percent per annum recorded in Philippines?
- The lowest recorded value was 0.6621 in 2016.
- How does Philippines rank for deposit rate, foreign currency, rate, percent per annum?
- Philippines ranks 24th out of 39 countries with data for 2019.
- Is deposit rate, foreign currency, rate, percent per annum rising or falling in Philippines?
- Over the last ten years it is down 9.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Deposit rate, Foreign Currency, Rate, Percent per annum. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The Monetary and Financial Statistics (MFS), Interest Rates dataset presents country-specific interest rate data across sectors and instruments, based on nationally defined methodologies.