Deposit Rate, Percent per annum in Philippines
Philippines: Deposit Rate, Percent per annum was 4.08 in 2019. ◆ Volatile
Deposit Rate, Percent per annum in Philippines, 1976–2019
Source: International Monetary Fund.
Analysis
Philippines recorded 4.08 for deposit rate, percent per annum 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 rate, percent per annum in Philippines peaked at 21.17 in 1984 and was at its lowest, 1.23, in 2014.
Philippines ranks 68th of 143 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Deposit Rate, Percent per annum in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 8.5 | — |
| 1977 | 8.5 | +0.0% |
| 1978 | 8.5 | +0.0% |
| 1979 | 8.67 | +2.0% |
| 1980 | 11.67 | +34.6% |
| 1981 | 13.85 | +18.7% |
| 1982 | 13.74 | -0.8% |
| 1983 | 13.58 | -1.2% |
| 1984 | 21.17 | +55.9% |
| 1985 | 18.91 | -10.7% |
| 1986 | 11.25 | -40.5% |
| 1987 | 8.2 | -27.1% |
| 1988 | 11.32 | +38.0% |
| 1989 | 14.13 | +24.8% |
| 1990 | 19.54 | +38.3% |
| 1991 | 18.8 | -3.8% |
| 1992 | 14.27 | -24.1% |
| 1993 | 9.61 | -32.7% |
| 1994 | 10.54 | +9.7% |
| 1995 | 8.39 | -20.4% |
| 1996 | 9.68 | +15.4% |
| 1997 | 10.19 | +5.3% |
| 1998 | 12.11 | +18.8% |
| 1999 | 8.17 | -32.5% |
| 2000 | 8.31 | +1.7% |
| 2001 | 8.74 | +5.3% |
| 2002 | 4.61 | -47.3% |
| 2003 | 5.22 | +13.3% |
| 2004 | 6.18 | +18.3% |
| 2005 | 5.56 | -10.1% |
| 2006 | 5.29 | -4.7% |
| 2007 | 3.7 | -30.2% |
| 2008 | 4.49 | +21.5% |
| 2009 | 2.74 | -38.9% |
| 2010 | 3.22 | +17.5% |
| 2011 | 3.39 | +5.2% |
| 2012 | 3.16 | -6.8% |
| 2013 | 1.66 | -47.3% |
| 2014 | 1.23 | -26.1% |
| 2015 | 1.59 | +29.6% |
| 2016 | 1.6 | +0.3% |
| 2017 | 1.88 | +17.7% |
| 2018 | 3.12 | +65.9% |
| 2019 | 4.08 | +31.0% |
Philippines compared with similar countries
- Philippines's 4.08 is below the median for upper middle income countries, which is 4.31, 95% of the median. (48 countries reporting)
- Philippines's 4.08 is above the median for East Asia & Pacific, which is 1.51, 2.7× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.54 | 8.5 | 8.67 | 4 |
| 1980s | 13.78 | 8.2 | 21.17 | 10 |
| 1990s | 12.13 | 8.17 | 19.54 | 10 |
| 2000s | 5.48 | 2.74 | 8.74 | 10 |
| 2010s | 2.49 | 1.23 | 4.08 | 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, percent per annum in Philippines?
- Deposit rate, percent per annum in Philippines was 4.08 in 2019, according to International Monetary Fund.
- What is the highest deposit rate, percent per annum recorded in Philippines?
- The highest recorded value was 21.17 in 1984.
- What is the lowest deposit rate, percent per annum recorded in Philippines?
- The lowest recorded value was 1.23 in 2014.
- How does Philippines rank for deposit rate, percent per annum?
- Philippines ranks 68th out of 143 countries with data for 2019.
- Is deposit rate, percent per annum 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 Monetary Fund, published as part of Deposit 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.