Which has higher interest payments, Least developed countries or Philippines?

Philippines, at 15.3% against 8.9% in Least developed countries as of 2023.

How many years of comparable data are there for Least developed countries and Philippines?

10 years are reported by both, from 2010 to 2021.

Where does this data come from?

Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Least developed countries vs Philippines: Interest payments

Least developed countries

8.9%

in 2021

Philippines

15.3%

in 2023

Least developed countries rank

22nd

Philippines rank

25th

Interest payments over time

Least developed countries
Philippines

How they compare

Philippines currently reports 15.3% against 8.9% in Least developed countries, a difference of 6.4%.

That makes Philippines's figure about 1.7 times Least developed countries's.

Across all 10 years both countries report, Philippines has been ahead every year.

Least developed countries ranks 22nd and Philippines ranks 25th of 39 groups.

Philippines has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade	Least developed countries	Philippines	Difference	Ahead
2010s	6.5%	16.9%	10.4%	Philippines
2020s	8.2%	11.2%	3.0%	Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest payments, Least developed countries or Philippines?: Philippines, at 15.3% against 8.9% in Least developed countries as of 2023.
What is the difference in interest payments between Least developed countries and Philippines?: 6.4%, with Philippines ahead.
How many years of comparable data are there for Least developed countries and Philippines?: 10 years are reported by both, from 2010 to 2021.
How do Least developed countries and Philippines rank globally for interest payments?: Least developed countries ranks 22nd and Philippines ranks 25th of 39 groups.
Where does this data come from?: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Interest payments (% of expense). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Least developed countries vs Philippines: Interest payments. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 27 August 2026, from https://public-sector.statizoid.com/compare/interest-payments-percent-of-expense/least-developed-countries-un-classification/philippines/

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About this data

Indicator: Interest payments (% of expense)
Unit: % of expense
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 193 places, 5,277 data points, 1972–2024
Last refreshed: 20 August 2026

Interest payments include interest payments on government debt (including long-term bonds, long-term loans, and other debt instruments) to domestic and foreign residents. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.