Risk premium on lending in Philippines
Philippines: Risk premium on lending was 2.8% in 2019. ◆ Volatile
Risk premium on lending in Philippines, 1976–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in lending rate minus treasury bill rate, %.
Analysis
Philippines recorded 2.8% for risk premium on lending in 2019.
The figure is up 10.7% on the previous year and down 36.6% over ten years.
Over the whole period, risk premium on lending in Philippines peaked at 5.5% in 2013 and was at its lowest, -0.3%, in 1984.
Philippines ranks 56th of 86 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.
Risk premium on lending in Philippines, year by year
| Year | lending rate minus treasury bill rate, % | Change |
|---|---|---|
| 1976 | 1.8% | — |
| 1977 | 1.1% | -38.6% |
| 1978 | 1.1% | +0.4% |
| 1979 | 1.7% | +55.8% |
| 1980 | 1.9% | +6.8% |
| 1981 | 2.8% | +49.6% |
| 1982 | 4.3% | +55.7% |
| 1983 | 5.0% | +15.4% |
| 1984 | -0.3% | -106.7% |
| 1985 | 1.9% | -664.9% |
| 1986 | 1.5% | -23.0% |
| 1987 | 1.8% | +25.9% |
| 1988 | 1.3% | -31.4% |
| 1989 | 0.6% | -50.3% |
| 1990 | 0.4% | -28.5% |
| 1991 | 1.6% | +257.9% |
| 1992 | 3.5% | +116.9% |
| 1993 | 2.2% | -35.4% |
| 1994 | 2.3% | +4.8% |
| 1995 | 2.9% | +24.7% |
| 1996 | 2.5% | -14.3% |
| 1997 | 3.4% | +35.2% |
| 1998 | 1.8% | -47.6% |
| 1999 | 1.8% | +0.4% |
| 2000 | 1.0% | -44.1% |
| 2001 | 2.7% | +168.2% |
| 2002 | 3.6% | +36.6% |
| 2003 | 3.6% | -1.2% |
| 2004 | 2.8% | -23.4% |
| 2005 | 4.1% | +46.9% |
| 2006 | 4.5% | +10.7% |
| 2007 | 5.3% | +18.5% |
| 2008 | 3.6% | -32.5% |
| 2009 | 4.4% | +21.9% |
| 2010 | 4.2% | -4.9% |
| 2011 | 5.3% | +28.0% |
| 2012 | 4.2% | -21.5% |
| 2013 | 5.5% | +31.1% |
| 2014 | 4.3% | -21.3% |
| 2015 | 3.8% | -11.0% |
| 2016 | 4.1% | +7.9% |
| 2017 | 3.5% | -15.2% |
| 2018 | 2.5% | -28.6% |
| 2019 | 2.8% | +10.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.4% | 1.1% | 1.8% | 4 |
| 1980s | 2.1% | -0.3% | 5.0% | 10 |
| 1990s | 2.2% | 0.4% | 3.5% | 10 |
| 2000s | 3.5% | 1.0% | 5.3% | 10 |
| 2010s | 4.0% | 2.5% | 5.5% | 10 |
Countries ranked near Philippines
- 53 Czechia 3.1% compare
- 54 New Zealand 3.0% compare
- 55 Viet Nam 2.9% compare
- 57 Hong Kong, China 2.7% compare
- 58 Montenegro 2.6% compare
- 59 Thailand 2.4% compare
More financial sector data for Philippines
- Net domestic credit (current LCU), per capita 194,178 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 46.56 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.49 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 149.63 million SDR (2025)
- Gold reserves at market value 13.63 billion SDR (2025)
- Reserves excluding gold, foreign exchange 63.95 billion SDR (2025)
- Reserves excluding gold 67.36 billion SDR (2025)
- Total reserves (gold at market value) 81.00 billion SDR (2025)
- Total reserves (gold at national valuation) 80.93 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 692.97 SDR per person (2025)
Frequently asked questions
- What is risk premium on lending in Philippines?
- Risk premium on lending in Philippines was 2.8% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest risk premium on lending recorded in Philippines?
- The highest recorded value was 5.5% in 2013.
- What is the lowest risk premium on lending recorded in Philippines?
- The lowest recorded value was -0.3% in 1984.
- How does Philippines rank for risk premium on lending?
- Philippines ranks 56th out of 86 countries with data for 2019.
- Is risk premium on lending rising or falling in Philippines?
- Over the last ten years it is down 36.6%. 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 Risk premium on lending (lending rate minus treasury bill rate, %). Statizoid updates them automatically from the source API.
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About this data
Risk premium on lending is the interest rate charged by banks on loans to private sector customers minus the "risk free" treasury bill interest rate at which short-term government securities are issued or traded in the market. In some countries this spread may be negative, indicating that the market considers its best corporate clients to be lower risk than the government. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.