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Interest payments in Philippines

Philippines: Interest payments was 15.3% in 2023. ▼ Falling

Latest (2023)
15.3%
Change on year
up 24.8%
World rank
25th
of 152 countries
All-time high
39.4%
in 1990
All-time low
10.8%
in 2020
Years of data
28
1990–2023

Interest payments in Philippines, 1990–2023

102030401990200620231990: 39.4 % of expense1991: 37.5 % of expense1992: 36.3 % of expense1993: 32.6 % of expense2000: 28.1 % of expense2001: 30.3 % of expense2002: 28.4 % of expense2003: 31.4 % of expense2004: 34.3 % of expense2005: 32.3 % of expense2006: 33.9 % of expense2007: 27.7 % of expense2008: 25.9 % of expense2009: 23.7 % of expense2010: 23.4 % of expense2011: 20.6 % of expense2012: 21.1 % of expense2013: 20.4 % of expense2014: 19.1 % of expense2015: 16.7 % of expense2016: 15.2 % of expense2017: 13.8 % of expense2018: 13.5 % of expense2019: 12.5 % of expense2020: 10.8 % of expense2021: 11.6 % of expense2022: 12.3 % of expense2023: 15.3 % of expense

Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.

Analysis

The most recent figure for interest payments in Philippines is 15.3%, measured in 2023.

That represents a change of up 24.8% on the previous year and down 25.0% over ten years.

Over the whole period, interest payments in Philippines peaked at 39.4% in 1990 and was at its lowest, 10.8%, in 2020.

That places Philippines 25th out of 152 countries with data for 2023, putting it in the top quarter.

The long-run direction has been consistently falling across the 28 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1990s 36.5% 32.6% 39.4% 4
2000s 29.6% 23.7% 34.3% 10
2010s 17.6% 12.5% 23.4% 10
2020s 12.5% 10.8% 15.3% 4

Countries ranked near Philippines

  1. 22 Togo 16.2% compare
  2. 23 Saint Lucia 16.1% compare
  3. 24 Mexico 15.8% compare
  4. 26 Lebanon 15.2% compare
  5. 27 Malaysia 14.9% compare
  6. 28 Guinea-Bissau 14.9% compare

See the full ranking of 193 places →

More public sector data for Philippines

All data for Philippines →

Frequently asked questions

What is interest payments in Philippines?
Interest payments in Philippines was 15.3% in 2023, 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 39.4% in 1990.
What is the lowest interest payments recorded in Philippines?
The lowest recorded value was 10.8% in 2020.
How does Philippines rank for interest payments?
Philippines ranks 25th out of 152 countries with data for 2023.
Is interest payments rising or falling in Philippines?
Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
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 (% of expense). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

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

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.