Real interest rate in Philippines
Philippines: Real interest rate was 6.4% in 2019. ◆ Volatile
Real interest rate in Philippines, 1976–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Philippines recorded 6.4% for real interest rate in 2019.
Compared with earlier readings it is up 177.2% on the previous year and up 12.0% over ten years.
Over the whole period, real interest rate in Philippines peaked at 14.2% in 1986 and was at its lowest, -16.2%, in 1984.
That places Philippines 54th out of 149 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.
Real interest rate in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1976 | 3.3% | — |
| 1977 | 3.4% | +0.5% |
| 1978 | 2.4% | -27.9% |
| 1979 | -0.8% | -133.9% |
| 1980 | -0.2% | -74.9% |
| 1981 | 3.2% | -1655.6% |
| 1982 | 8.7% | +173.0% |
| 1983 | 4.4% | -49.9% |
| 1984 | -16.2% | -470.7% |
| 1985 | 9.9% | -160.9% |
| 1986 | 14.2% | +44.2% |
| 1987 | 5.4% | -61.8% |
| 1988 | 5.6% | +3.3% |
| 1989 | 9.3% | +66.1% |
| 1990 | 9.9% | +6.0% |
| 1991 | 5.7% | -41.9% |
| 1992 | 10.7% | +87.4% |
| 1993 | 7.4% | -31.4% |
| 1994 | 4.5% | -38.4% |
| 1995 | 6.5% | +44.1% |
| 1996 | 6.6% | +1.5% |
| 1997 | 9.4% | +42.0% |
| 1998 | 5.8% | -38.8% |
| 1999 | 5.1% | -11.3% |
| 2000 | 4.8% | -6.0% |
| 2001 | 6.4% | +33.5% |
| 2002 | 4.7% | -26.7% |
| 2003 | 6.1% | +29.2% |
| 2004 | 4.0% | -35.0% |
| 2005 | 4.0% | +2.0% |
| 2006 | 4.4% | +10.0% |
| 2007 | 5.4% | +20.7% |
| 2008 | 1.5% | -72.6% |
| 2009 | 5.7% | +286.8% |
| 2010 | 3.2% | -44.2% |
| 2011 | 2.6% | -16.5% |
| 2012 | 3.6% | +36.8% |
| 2013 | 3.6% | +0.5% |
| 2014 | 2.4% | -33.9% |
| 2015 | 6.3% | +164.4% |
| 2016 | 4.3% | -32.1% |
| 2017 | 3.2% | -25.0% |
| 2018 | 2.3% | -29.1% |
| 2019 | 6.4% | +177.2% |
Philippines compared with similar countries
- Philippines's 6.4% is above the median for upper middle income countries, which is 5.2%, 1.2× the median. (49 countries reporting)
- Philippines's 6.4% is above the median for East Asia & Pacific, which is 5.0%, 1.3× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Real interest 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 |
|---|---|---|---|
| 1981 | +1655.6% | -0.2% | 3.2% |
| 1984 | -470.7% | 4.4% | -16.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.1% | -0.8% | 3.4% | 4 |
| 1980s | 4.4% | -16.2% | 14.2% | 10 |
| 1990s | 7.2% | 4.5% | 10.7% | 10 |
| 2000s | 4.7% | 1.5% | 6.4% | 10 |
| 2010s | 3.8% | 2.3% | 6.4% | 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 real interest rate in Philippines?
- Real interest rate in Philippines was 6.4% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest real interest rate recorded in Philippines?
- The highest recorded value was 14.2% in 1986.
- What is the lowest real interest rate recorded in Philippines?
- The lowest recorded value was -16.2% in 1984.
- How does Philippines rank for real interest rate?
- Philippines ranks 54th out of 149 countries with data for 2019.
- Is real interest rate rising or falling in Philippines?
- Over the last ten years it is up 12.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Real interest rate (%). Statizoid updates them automatically from the source API.
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About this data
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.