Savings Rate, Percent per annum in Philippines
Philippines: Savings Rate, Percent per annum was 1.23 in 2019. ◆ Volatile
Savings Rate, Percent per annum in Philippines, 1976–2019
Source: International Monetary Fund.
Analysis
The most recent figure for savings rate, percent per annum in Philippines is 1.23, measured in 2019.
The figure is up 37.7% on the previous year and down 40.4% over ten years.
Over the whole period, savings rate, percent per annum in Philippines peaked at 10.95 in 1998 and was at its lowest, 0.6285, in 2014.
That places Philippines 42nd out of 63 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.
Savings Rate, Percent per annum in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1976 | 7 | — |
| 1977 | 7 | +0.0% |
| 1978 | 7 | +0.0% |
| 1979 | 7.17 | +2.4% |
| 1980 | 9 | +25.6% |
| 1981 | 9.27 | +3.0% |
| 1982 | 9.81 | +5.8% |
| 1983 | 9.73 | -0.8% |
| 1984 | 9.85 | +1.3% |
| 1985 | 10.84 | +10.0% |
| 1986 | 8.62 | -20.5% |
| 1987 | 4.53 | -47.4% |
| 1988 | 4.1 | -9.5% |
| 1989 | 4.37 | +6.7% |
| 1990 | 5.06 | +15.8% |
| 1991 | 8.92 | +76.2% |
| 1992 | 10.14 | +13.6% |
| 1993 | 8.28 | -18.3% |
| 1994 | 8.07 | -2.5% |
| 1995 | 8.04 | -0.3% |
| 1996 | 7.94 | -1.2% |
| 1997 | 8.95 | +12.7% |
| 1998 | 10.95 | +22.4% |
| 1999 | 7.64 | -30.2% |
| 2000 | 7.31 | -4.3% |
| 2001 | 7.65 | +4.7% |
| 2002 | 4.24 | -44.6% |
| 2003 | 4.21 | -0.6% |
| 2004 | 4.26 | +1.2% |
| 2005 | 3.76 | -11.8% |
| 2006 | 3.56 | -5.3% |
| 2007 | 2.2 | -38.4% |
| 2008 | 2.22 | +1.2% |
| 2009 | 2.07 | -6.9% |
| 2010 | 1.6 | -22.7% |
| 2011 | 1.62 | +1.3% |
| 2012 | 1.34 | -17.2% |
| 2013 | 0.8408 | -37.3% |
| 2014 | 0.6285 | -25.3% |
| 2015 | 0.7095 | +12.9% |
| 2016 | 0.7202 | +1.5% |
| 2017 | 0.685 | -4.9% |
| 2018 | 0.8948 | +30.6% |
| 2019 | 1.23 | +37.7% |
Philippines compared with similar countries
- Philippines's 1.23 is below the median for upper middle income countries, which is 1.91, 65% of the median. (25 countries reporting)
- Philippines's 1.23 is above the median for East Asia & Pacific, which is 0.7024, 1.8× the median. (8 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.04 | 7 | 7.17 | 4 |
| 1980s | 8.01 | 4.1 | 10.84 | 10 |
| 1990s | 8.4 | 5.06 | 10.95 | 10 |
| 2000s | 4.15 | 2.07 | 7.65 | 10 |
| 2010s | 1.03 | 0.6285 | 1.62 | 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 savings rate, percent per annum in Philippines?
- Savings rate, percent per annum in Philippines was 1.23 in 2019, according to International Monetary Fund.
- What is the highest savings rate, percent per annum recorded in Philippines?
- The highest recorded value was 10.95 in 1998.
- What is the lowest savings rate, percent per annum recorded in Philippines?
- The lowest recorded value was 0.6285 in 2014.
- How does Philippines rank for savings rate, percent per annum?
- Philippines ranks 42nd out of 63 countries with data for 2019.
- Is savings rate, percent per annum rising or falling in Philippines?
- Over the last ten years it is down 40.4%. 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, 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.