Philippines vs Upper middle income: Interest payments
Philippines
15.3%
in 2023
Upper middle income
8.8%
in 2023
Philippines rank
25th
Upper middle income rank
23rd
Interest payments over time
- Philippines
- Upper middle income
How they compare
Philippines currently reports 15.3% against 8.8% in Upper middle income, a difference of 6.5%.
That makes Philippines's figure about 1.7 times Upper middle income's.
Across all 21 years both countries report, Philippines has been ahead every year.
Philippines ranks 25th and Upper middle income ranks 23rd of 152 countries.
Philippines has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Philippines | Upper middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 29.3% | 8.8% | 20.5% | Philippines |
| 2010s | 17.6% | 7.7% | 9.9% | Philippines |
| 2020s | 12.5% | 8.2% | 4.3% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher interest payments, Philippines or Upper middle income?
- Philippines, at 15.3% against 8.8% in Upper middle income as of 2023.
- What is the difference in interest payments between Philippines and Upper middle income?
- 6.5%, with Philippines ahead.
- How many years of comparable data are there for Philippines and Upper middle income?
- 21 years are reported by both, from 2000 to 2023.
- How do Philippines and Upper middle income rank globally for interest payments?
- Philippines ranks 25th and Upper middle income ranks 23rd 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.
Individual pages
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.