Interest rate spread (lending rate minus deposit rate, %) in Philippines
Philippines: Interest rate spread (lending rate minus deposit rate, %) 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 103rd of 141 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 (lending rate minus deposit rate, %) 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% |
Philippines compared with similar countries
- Philippines's 3.0% is below the median for upper middle income countries, which is 5.4%, 56% of the median. (49 countries reporting)
- Philippines's 3.0% is below the median for East Asia & Pacific, which is 5.0%, 61% of the median. (25 countries reporting)
Biggest year-on-year movements
Years where Interest rate spread (lending rate minus deposit rate, %) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1982 | +194.8% | 1.5% | 4.4% |
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
- 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 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 103rd out of 141 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.