Interest rate spread in Philippines
Philippines: Interest rate spread was 3.0% in 2019. ▼ Falling
Interest rate spread in Philippines, 1976–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus deposit rate, %.
Analysis
Philippines recorded 3.0% for interest rate spread in 2019.
That represents a change of up 0.3% on the previous year and down 48.3% over ten years.
Over the whole period, interest rate spread in Philippines peaked at 9.7% in 1985 and was at its lowest, 1.5%, in 1981.
Philippines ranks 101st of 140 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Interest rate spread in Philippines, year by year
| Year | lending rate minus deposit rate, % | Change |
|---|---|---|
| 1976 | 3.5% | — |
| 1977 | 3.5% | +0.0% |
| 1978 | 3.5% | +0.0% |
| 1979 | 5.3% | +52.4% |
| 1980 | 2.3% | -56.3% |
| 1981 | 1.5% | -36.4% |
| 1982 | 4.4% | +194.8% |
| 1983 | 5.7% | +29.2% |
| 1984 | 7.0% | +24.2% |
| 1985 | 9.7% | +38.1% |
| 1986 | 6.3% | -35.2% |
| 1987 | 5.1% | -18.2% |
| 1988 | 4.6% | -10.3% |
| 1989 | 5.1% | +11.7% |
| 1990 | 4.6% | -10.9% |
| 1991 | 4.3% | -6.7% |
| 1992 | 5.2% | +21.8% |
| 1993 | 5.1% | -2.5% |
| 1994 | 4.5% | -11.0% |
| 1995 | 6.3% | +39.2% |
| 1996 | 5.2% | -18.0% |
| 1997 | 6.1% | +18.0% |
| 1998 | 4.7% | -23.2% |
| 1999 | 3.6% | -22.7% |
| 2000 | 2.6% | -27.9% |
| 2001 | 3.7% | +40.6% |
| 2002 | 4.5% | +23.9% |
| 2003 | 4.3% | -6.2% |
| 2004 | 3.9% | -8.2% |
| 2005 | 4.6% | +18.6% |
| 2006 | 4.5% | -3.1% |
| 2007 | 5.0% | +11.4% |
| 2008 | 4.3% | -14.7% |
| 2009 | 5.8% | +36.7% |
| 2010 | 4.5% | -23.6% |
| 2011 | 3.3% | -26.4% |
| 2012 | 2.5% | -23.0% |
| 2013 | 4.1% | +62.7% |
| 2014 | 4.3% | +4.7% |
| 2015 | 4.0% | -7.2% |
| 2016 | 4.0% | +1.5% |
| 2017 | 3.7% | -7.3% |
| 2018 | 3.0% | -19.9% |
| 2019 | 3.0% | +0.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 3.5% | 5.3% | 4 |
| 1980s | 5.2% | 1.5% | 9.7% | 10 |
| 1990s | 4.9% | 3.6% | 6.3% | 10 |
| 2000s | 4.3% | 2.6% | 5.8% | 10 |
| 2010s | 3.6% | 2.5% | 4.5% | 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 interest rate spread in Philippines?
- Interest rate spread in Philippines was 3.0% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest interest rate spread recorded in Philippines?
- The highest recorded value was 9.7% in 1985.
- What is the lowest interest rate spread recorded in Philippines?
- The lowest recorded value was 1.5% in 1981.
- How does Philippines rank for interest rate spread?
- Philippines ranks 101st out of 140 countries with data for 2019.
- Is interest rate spread rising or falling in Philippines?
- Over the last ten years it is down 48.3%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Interest rate spread (lending rate minus deposit rate, %). Statizoid updates them automatically from the source API.
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About this data
Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest 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.