Lending Rate, Percent per annum in Philippines
Philippines: Lending Rate, Percent per annum was 7.1 in 2019. ▼ Falling
Lending Rate, Percent per annum in Philippines, 1976–2019
Source: International Monetary Fund.
Analysis
The most recent figure for lending rate, percent per annum in Philippines is 7.1, measured in 2019.
That represents a change of up 16.0% on the previous year and down 17.2% over ten years.
Over the whole period, lending rate, percent per annum in Philippines peaked at 28.61 in 1985 and was at its lowest, 5.53, in 2014.
Philippines ranks 92nd of 144 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.
Lending Rate, Percent per annum in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 12 | — |
| 1977 | 12 | +0.0% |
| 1978 | 12 | +0.0% |
| 1979 | 14 | +16.7% |
| 1980 | 14 | +0.0% |
| 1981 | 15.34 | +9.5% |
| 1982 | 18.12 | +18.2% |
| 1983 | 19.24 | +6.2% |
| 1984 | 28.2 | +46.6% |
| 1985 | 28.61 | +1.5% |
| 1986 | 17.53 | -38.7% |
| 1987 | 13.34 | -23.9% |
| 1988 | 15.92 | +19.4% |
| 1989 | 19.27 | +21.0% |
| 1990 | 24.12 | +25.2% |
| 1991 | 23.07 | -4.3% |
| 1992 | 19.48 | -15.6% |
| 1993 | 14.68 | -24.6% |
| 1994 | 15.06 | +2.5% |
| 1995 | 14.68 | -2.5% |
| 1996 | 14.84 | +1.1% |
| 1997 | 16.28 | +9.7% |
| 1998 | 16.78 | +3.1% |
| 1999 | 11.78 | -29.8% |
| 2000 | 10.91 | -7.4% |
| 2001 | 12.4 | +13.7% |
| 2002 | 9.14 | -26.3% |
| 2003 | 9.47 | +3.6% |
| 2004 | 10.08 | +6.4% |
| 2005 | 10.18 | +1.1% |
| 2006 | 9.78 | -4.0% |
| 2007 | 8.69 | -11.1% |
| 2008 | 8.75 | +0.7% |
| 2009 | 8.57 | -2.1% |
| 2010 | 7.67 | -10.4% |
| 2011 | 6.66 | -13.2% |
| 2012 | 5.68 | -14.8% |
| 2013 | 5.77 | +1.5% |
| 2014 | 5.53 | -4.2% |
| 2015 | 5.58 | +0.9% |
| 2016 | 5.64 | +1.1% |
| 2017 | 5.63 | -0.3% |
| 2018 | 6.12 | +8.7% |
| 2019 | 7.1 | +16.0% |
Philippines compared with similar countries
- Philippines's 7.1 is below the median for upper middle income countries, which is 8.99, 79% of the median. (46 countries reporting)
- Philippines's 7.1 is above the median for East Asia & Pacific, which is 5.48, 1.3× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.5 | 12 | 14 | 4 |
| 1980s | 18.96 | 13.34 | 28.61 | 10 |
| 1990s | 17.08 | 11.78 | 24.12 | 10 |
| 2000s | 9.8 | 8.57 | 12.4 | 10 |
| 2010s | 6.14 | 5.53 | 7.67 | 10 |
Countries ranked near Philippines
- 89 Cape Verde 7.75 compare
- 90 Tonga 7.56 compare
- 91 Trinidad and Tobago 7.5 compare
- 93 Saint Vincent and the Grenadines 7.06 compare
- 94 Panama 6.91 compare
- 95 Costa Rica 6.88 compare
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 lending rate, percent per annum in Philippines?
- Lending rate, percent per annum in Philippines was 7.1 in 2019, according to International Monetary Fund.
- What is the highest lending rate, percent per annum recorded in Philippines?
- The highest recorded value was 28.61 in 1985.
- What is the lowest lending rate, percent per annum recorded in Philippines?
- The lowest recorded value was 5.53 in 2014.
- How does Philippines rank for lending rate, percent per annum?
- Philippines ranks 92nd out of 144 countries with data for 2019.
- Is lending rate, percent per annum rising or falling in Philippines?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Lending 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.