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% |
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
- Total reserves in months of imports, annual growth rate -0.1559 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -8.19 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1313 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 547.61 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -7.77 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 576.82 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.5283 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 693.56 SDR per person (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.
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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.