Mexico vs Philippines: Interest payments
Mexico
15.8%
in 2023
Philippines
15.3%
in 2023
Mexico rank
24th
Philippines rank
25th
Interest payments over time
- Mexico
- Philippines
How they compare
Mexico currently reports 15.8% against 15.3% in Philippines, a difference of 0.5%.
The two have swapped places 2 times across 20 shared years of data; in 1990 it was Mexico ahead.
Mexico ranks 24th and Philippines ranks 25th of 152 countries.
Across the 4 decades both report, Mexico averaged higher in 1 and Philippines in 3.
Head to head by decade
| Decade | Mexico | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 31.1% | 36.5% | 5.4% | Philippines |
| 2000s | 12.4% | 25.9% | 13.5% | Philippines |
| 2010s | 11.3% | 17.6% | 6.3% | Philippines |
| 2020s | 14.5% | 12.5% | 2.0% | Mexico |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Mexico or Philippines?
- Mexico, at 15.8% against 15.3% in Philippines as of 2023.
- What is the difference in interest payments between Mexico and Philippines?
- 0.5%, with Mexico ahead.
- How many years of comparable data are there for Mexico and Philippines?
- 20 years are reported by both, from 1990 to 2023.
- How do Mexico and Philippines rank globally for interest payments?
- Mexico ranks 24th and Philippines ranks 25th of 152 countries.
- 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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About this data
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.