Interest payments in Philippines
Philippines: Interest payments was 17.3% in 2024. ▼ Falling
Interest payments in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2024, interest payments in Philippines stood at 17.3%.
Compared with earlier readings it is up 5.2% on the previous year and up 1.7% over ten years.
Over the whole period, interest payments in Philippines peaked at 40.2% in 1990 and was at its lowest, 11.5%, in 2019.
That places Philippines 25th out of 155 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Interest payments in Philippines, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 40.2% | — |
| 1991 | 34.6% | -14.0% |
| 1992 | 33.0% | -4.5% |
| 1993 | 29.6% | -10.5% |
| 1994 | 25.8% | -12.6% |
| 1995 | 21.5% | -16.9% |
| 1996 | 18.9% | -12.0% |
| 1997 | 16.9% | -10.8% |
| 1998 | 21.7% | +28.4% |
| 1999 | 22.4% | +3.5% |
| 2000 | 31.4% | +40.3% |
| 2001 | 34.8% | +10.8% |
| 2002 | 34.6% | -0.7% |
| 2003 | 37.7% | +8.9% |
| 2004 | 39.3% | +4.2% |
| 2005 | 38.7% | -1.5% |
| 2006 | 33.1% | -14.3% |
| 2007 | 26.5% | -20.1% |
| 2008 | 24.1% | -8.9% |
| 2009 | 25.7% | +6.7% |
| 2010 | 25.1% | -2.5% |
| 2011 | 20.8% | -17.0% |
| 2012 | 20.7% | -0.4% |
| 2013 | 19.0% | -8.6% |
| 2014 | 17.0% | -10.3% |
| 2015 | 15.3% | -9.8% |
| 2016 | 14.0% | -8.4% |
| 2017 | 12.6% | -10.5% |
| 2018 | 12.3% | -1.9% |
| 2019 | 11.5% | -6.6% |
| 2020 | 13.3% | +15.8% |
| 2021 | 14.3% | +7.3% |
| 2022 | 14.2% | -0.7% |
| 2023 | 16.4% | +15.8% |
| 2024 | 17.3% | +5.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.5% | 16.9% | 40.2% | 10 |
| 2000s | 32.6% | 24.1% | 39.3% | 10 |
| 2010s | 16.8% | 11.5% | 25.1% | 10 |
| 2020s | 15.1% | 13.3% | 17.3% | 5 |
Countries ranked near Philippines
- 22 Jordan 18.6% compare
- 23 South Africa 18.2% compare
- 24 Cote d'Ivoire 18.0% compare
- 26 Costa Rica 16.6% compare
- 27 Malaysia 15.6% compare
- 28 Mozambique 15.1% compare
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 90.4 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 238.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 52.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0133 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 18.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 6.12 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 419.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is interest payments in Philippines?
- Interest payments in Philippines was 17.3% 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 40.2% in 1990.
- What is the lowest interest payments recorded in Philippines?
- The lowest recorded value was 11.5% in 2019.
- How does Philippines rank for interest payments?
- Philippines ranks 25th out of 155 countries with data for 2024.
- Is interest payments rising or falling in Philippines?
- Over the last ten years it is up 1.7%. 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 revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.