Interest payments in Philippines
Philippines: Interest payments was 763.31 billion current LCU in 2024. ◆ Volatile
Interest payments in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Philippines recorded 763.31 billion current LCU for interest payments in 2024. That is the highest value across all 35 years on record.
That represents a change of up 21.5% on the previous year and up 135.6% over ten years.
Over the whole period, interest payments in Philippines peaked at 763.31 billion current LCU in 2024 and was at its lowest, 71.11 billion current LCU, in 1990.
Philippines ranks 28th of 155 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Interest payments in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 71.11 billion current LCU | — |
| 1991 | 74.92 billion current LCU | +5.4% |
| 1992 | 79.54 billion current LCU | +6.2% |
| 1993 | 76.49 billion current LCU | -3.8% |
| 1994 | 79.12 billion current LCU | +3.4% |
| 1995 | 72.66 billion current LCU | -8.2% |
| 1996 | 76.52 billion current LCU | +5.3% |
| 1997 | 77.97 billion current LCU | +1.9% |
| 1998 | 99.79 billion current LCU | +28.0% |
| 1999 | 106.29 billion current LCU | +6.5% |
| 2000 | 162.99 billion current LCU | +53.3% |
| 2001 | 199.58 billion current LCU | +22.4% |
| 2002 | 200.72 billion current LCU | +0.6% |
| 2003 | 241.83 billion current LCU | +20.5% |
| 2004 | 278.43 billion current LCU | +15.1% |
| 2005 | 315.57 billion current LCU | +13.3% |
| 2006 | 323.30 billion current LCU | +2.4% |
| 2007 | 277.30 billion current LCU | -14.2% |
| 2008 | 282.86 billion current LCU | +2.0% |
| 2009 | 288.88 billion current LCU | +2.1% |
| 2010 | 302.83 billion current LCU | +4.8% |
| 2011 | 282.99 billion current LCU | -6.6% |
| 2012 | 316.51 billion current LCU | +11.8% |
| 2013 | 324.76 billion current LCU | +2.6% |
| 2014 | 324.03 billion current LCU | -0.2% |
| 2015 | 313.69 billion current LCU | -3.2% |
| 2016 | 308.16 billion current LCU | -1.8% |
| 2017 | 310.54 billion current LCU | +0.8% |
| 2018 | 349.21 billion current LCU | +12.5% |
| 2019 | 360.87 billion current LCU | +3.3% |
| 2020 | 380.41 billion current LCU | +5.4% |
| 2021 | 429.43 billion current LCU | +12.9% |
| 2022 | 502.86 billion current LCU | +17.1% |
| 2023 | 628.33 billion current LCU | +25.0% |
| 2024 | 763.31 billion current LCU | +21.5% |
Philippines compared with similar countries
- Philippines's 763.31 billion current LCU is above the median for upper middle income countries, which is 34.20 billion current LCU, 22.3× the median. (48 countries reporting)
- Philippines's 763.31 billion current LCU is above the median for East Asia & Pacific, which is 4.93 billion current LCU, 154.9× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 81.44 billion current LCU | 71.11 billion current LCU | 106.29 billion current LCU | 10 |
| 2000s | 257.15 billion current LCU | 162.99 billion current LCU | 323.30 billion current LCU | 10 |
| 2010s | 319.36 billion current LCU | 282.99 billion current LCU | 360.87 billion current LCU | 10 |
| 2020s | 540.87 billion current LCU | 380.41 billion current LCU | 763.31 billion current LCU | 5 |
Countries ranked near Philippines
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Frequently asked questions
- What is interest payments in Philippines?
- Interest payments in Philippines was 763.31 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest interest payments recorded in Philippines?
- The highest recorded value was 763.31 billion current LCU in 2024.
- What is the lowest interest payments recorded in Philippines?
- The lowest recorded value was 71.11 billion current LCU in 1990.
- How does Philippines rank for interest payments?
- Philippines ranks 28th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Philippines?
- Over the last ten years it is up 135.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Interest payments (current LCU). Statizoid updates them automatically from the source API.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.