Lending interest rate in Philippines
Philippines: Lending interest rate was 7.1% in 2019. ▼ Falling
Lending interest rate in Philippines, 1976–2019
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
In 2019, lending interest rate in Philippines stood at 7.1%.
The figure is up 16.0% on the previous year and down 17.2% over ten years.
Over the whole period, lending interest rate in Philippines peaked at 28.6% in 1985 and was at its lowest, 5.5%, in 2014.
That places Philippines 90th out of 148 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 44 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.5% | 12.0% | 14.0% | 4 |
| 1980s | 19.0% | 13.3% | 28.6% | 10 |
| 1990s | 17.1% | 11.8% | 24.1% | 10 |
| 2000s | 9.8% | 8.6% | 12.4% | 10 |
| 2010s | 6.1% | 5.5% | 7.7% | 10 |
Countries ranked near Philippines
- 87 Cape Verde 7.7% compare
- 88 Tonga 7.6% compare
- 89 Trinidad and Tobago 7.5% compare
- 91 Saint Vincent and the Grenadines 7.1% compare
- 92 Panama 6.9% compare
- 93 Costa Rica 6.9% compare
More financial sector data for Philippines
- Net migration -149,315 (2025)
- Total reserves in months of imports 7.33 (2025)
- Net domestic credit 22.68 trillion current LCU (2025)
- Domestic credit to private sector by banks 52.1% (2025)
- Net foreign assets 7.36 trillion current LCU (2025)
- Claims on central government, etc. 32.6% (2025)
- Monetary Sector credit to private sector 52.1% (2025)
- Domestic credit to private sector 52.1% (2025)
- Broad money 85.9% (2022)
- Official exchange rate 57.51 LCU per US$, period average (2025)
Frequently asked questions
- What is lending interest rate in Philippines?
- Lending interest rate in Philippines was 7.1% in 2019, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Philippines?
- The highest recorded value was 28.6% in 1985.
- What is the lowest lending interest rate recorded in Philippines?
- The lowest recorded value was 5.5% in 2014.
- How does Philippines rank for lending interest rate?
- Philippines ranks 90th out of 148 countries with data for 2019.
- Is lending interest rate rising or falling in Philippines?
- Over the last ten years it is down 17.2%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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CSV · JSON — 44 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.