Savings rate, Foreign Currency, Rate, Percent per annum in Philippines
Philippines: Savings rate, Foreign Currency, Rate, Percent per annum was 0.2711 in 2020. ◆ Volatile
Savings rate, Foreign Currency, Rate, Percent per annum in Philippines, 1992–2020
Source: International Monetary Fund.
Analysis
Philippines recorded 0.2711 for savings rate, foreign currency, rate, percent per annum in 2020.
Compared with earlier readings it is up 1.1% on the previous year and down 30.5% over ten years.
Over the whole period, savings rate, foreign currency, rate, percent per annum in Philippines peaked at 2.59 in 1992 and was at its lowest, 0.1829, in 2016.
Philippines ranks 14th of 21 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.
Savings rate, Foreign Currency, Rate, Percent per annum in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1992 | 2.59 | — |
| 1993 | 2.21 | -14.7% |
| 1994 | 2.27 | +2.5% |
| 1995 | 2.27 | +0.3% |
| 1996 | 2.2 | -3.3% |
| 1997 | 2.2 | +0.0% |
| 1998 | 2.2 | +0.0% |
| 1999 | 2.2 | +0.0% |
| 2000 | 2.2 | +0.0% |
| 2001 | 2 | -8.9% |
| 2002 | 1.29 | -35.7% |
| 2003 | 0.8845 | -31.3% |
| 2004 | 0.837 | -5.4% |
| 2005 | 0.9403 | +12.3% |
| 2006 | 1.08 | +14.9% |
| 2007 | 1.1 | +1.5% |
| 2008 | 0.8538 | -22.1% |
| 2009 | 0.5169 | -39.5% |
| 2010 | 0.3902 | -24.5% |
| 2011 | 0.3559 | -8.8% |
| 2012 | 0.3066 | -13.9% |
| 2013 | 0.2411 | -21.4% |
| 2014 | 0.2198 | -8.8% |
| 2015 | 0.1922 | -12.6% |
| 2016 | 0.1829 | -4.8% |
| 2017 | 0.2101 | +14.8% |
| 2018 | 0.238 | +13.3% |
| 2019 | 0.2682 | +12.7% |
| 2020 | 0.2711 | +1.1% |
Philippines compared with similar countries
- Philippines's 0.2711 is above the median for upper middle income countries, which is 0.2711, 1.0× the median. (9 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.27 | 2.2 | 2.59 | 8 |
| 2000s | 1.17 | 0.5169 | 2.2 | 10 |
| 2010s | 0.2605 | 0.1829 | 0.3902 | 10 |
| 2020s | 0.2711 | 0.2711 | 0.2711 | 1 |
Countries ranked near Philippines
- 11 Grenada 0.3444 compare
- 12 Antigua and Barbuda 0.3175 compare
- 13 Saint Kitts and Nevis 0.2843 compare
- 15 Haiti 0.24 compare
- 16 Argentina 0.1776 compare
- 17 Dominican Republic 0.1752 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 savings rate, foreign currency, rate, percent per annum in Philippines?
- Savings rate, foreign currency, rate, percent per annum in Philippines was 0.2711 in 2020, according to International Monetary Fund.
- What is the highest savings rate, foreign currency, rate, percent per annum recorded in Philippines?
- The highest recorded value was 2.59 in 1992.
- What is the lowest savings rate, foreign currency, rate, percent per annum recorded in Philippines?
- The lowest recorded value was 0.1829 in 2016.
- How does Philippines rank for savings rate, foreign currency, rate, percent per annum?
- Philippines ranks 14th out of 21 countries with data for 2020.
- Is savings rate, foreign currency, rate, percent per annum rising or falling in Philippines?
- Over the last ten years it is down 30.5%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Savings rate, Foreign Currency, 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.