Risk premium on lending (lending rate minus treasury bill rate, %) in Philippines
Philippines: Risk premium on lending (lending rate minus treasury bill rate, %) 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 55th 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 (lending rate minus treasury bill rate, %) 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% |
Philippines compared with similar countries
- Philippines's 2.8% is below the median for upper middle income countries, which is 4.3%, 64% of the median. (29 countries reporting)
- Philippines's 2.8% is below the median for East Asia & Pacific, which is 3.4%, 81% of the median. (14 countries reporting)
Biggest year-on-year movements
Years where Risk premium on lending (lending rate minus treasury bill 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 |
|---|---|---|---|
| 1985 | +664.9% | -0.3% | 1.9% |
| 1991 | +257.9% | 0.4% | 1.6% |
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
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 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 55th 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.