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% |
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
- 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 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.