Which has higher interest payments, Middle income or Philippines?

Philippines, at 15.3% against 8.8% in Middle income as of 2023.

How many years of comparable data are there for Middle income and Philippines?

19 years are reported by both, from 2003 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.

Middle income vs Philippines: Interest payments

Middle income

8.8%

in 2022

Philippines

15.3%

in 2023

Middle income rank

24th

Philippines rank

25th

Interest payments over time

Middle income
Philippines

How they compare

Philippines currently reports 15.3% against 8.8% in Middle income, a difference of 6.5%.

That makes Philippines's figure about 1.7 times Middle income's.

Across all 19 years both countries report, Philippines has been ahead every year.

Middle income ranks 24th and Philippines ranks 25th of 39 groups.

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

Head to head by decade

Decade	Middle income	Philippines	Difference	Ahead
2000s	9.3%	29.5%	20.2%	Philippines
2010s	7.8%	17.6%	9.8%	Philippines
2020s	9.1%	11.6%	2.5%	Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher interest payments, Middle income or Philippines?: Philippines, at 15.3% against 8.8% in Middle income as of 2023.
What is the difference in interest payments between Middle income and Philippines?: 6.5%, with Philippines ahead.
How many years of comparable data are there for Middle income and Philippines?: 19 years are reported by both, from 2003 to 2022.
How do Middle income and Philippines rank globally for interest payments?: Middle income ranks 24th 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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Middle income vs Philippines: Interest payments. Statizoid, drawing on Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Retrieved 31 August 2026, from https://public-sector.statizoid.com/compare/interest-payments-percent-of-expense/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: 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.