Which has higher interest payments, Low & middle income or Philippines?

Philippines, at 15.3% against 8.6% in Low & middle income as of 2023.

How many years of comparable data are there for Low & middle income and Philippines?

15 years are reported by both, from 2008 to 2022.

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.

Low & middle income vs Philippines: Interest payments

Low & middle income

8.6%

in 2022

Philippines

15.3%

in 2023

Low & middle income rank

25th

Philippines rank

25th

Interest payments over time

Low & middle income
Philippines

How they compare

Philippines currently reports 15.3% against 8.6% in Low & middle income, a difference of 6.7%.

That makes Philippines's figure about 1.8 times Low & middle income's.

Across all 15 years both countries report, Philippines has been ahead every year.

Low & middle income ranks 25th and Philippines ranks 25th of 41 groups.

Philippines has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Low & middle income	Philippines	Difference	Ahead
2000s	6.7%	24.8%	18.1%	Philippines
2010s	7.1%	17.6%	10.6%	Philippines
2020s	8.6%	11.6%	3.0%	Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest payments, Low & middle income or Philippines?: Philippines, at 15.3% against 8.6% in Low & middle income as of 2023.
What is the difference in interest payments between Low & middle income and Philippines?: 6.7%, with Philippines ahead.
How many years of comparable data are there for Low & middle income and Philippines?: 15 years are reported by both, from 2008 to 2022.
How do Low & middle income and Philippines rank globally for interest payments?: Low & middle income ranks 25th and Philippines ranks 25th of 41 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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Low & middle income vs Philippines: Interest payments. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 03 September 2026, from https://public-sector.statizoid.com/compare/interest-payments-percent-of-expense/low-and-middle-income/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: 03 September 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.