Real interest rate — all countries

Real interest rate — Philippines

Real interest rate in the Philippines in 2019 — 6.35%. Ranked 62 in the world out of 117. Since 1976, the indicator has risen by 3.02 pp.

2019 6.35% +4.06 pp vs 2018
World rank 62of 117
Period maximum 14.23%1986
Period minimum -16.19%1984

Trend over time

1976–2019 · % per annum

Real interest rate — Philippines, 1976–2019-20-100102019761981198619911996200120062011201620191976: 3.34%1977: 3.35%1978: 2.42%1979: -0.82%1980: -0.21%1981: 3.19%1982: 8.72%1983: 4.37%1984: -16.19%1985: 9.87%1986: 14.23%1987: 5.43%1988: 5.61%1989: 9.32%1990: 9.88%1991: 5.74%1992: 10.75%1993: 7.37%1994: 4.54%1995: 6.54%1996: 6.64%1997: 9.43%1998: 5.77%1999: 5.12%2000: 4.81%2001: 6.42%2002: 4.71%2003: 6.09%2004: 3.96%2005: 4.04%2006: 4.44%2007: 5.36%2008: 1.47%2009: 5.67%2010: 3.16%2011: 2.64%2012: 3.61%2013: 3.63%2014: 2.4%2015: 6.34%2016: 4.31%2017: 3.23%2018: 2.29%2019: 6.35%
Change over the period: +3.02 pp Annual average: 0.07 pp
Real interest rate — Philippines, by year Philippines All countries CSV XLSX
Year % Change, pp
2019 6.35 +4.06 pp
2018 2.29 −0.94 pp
2017 3.23 −1.07 pp
2016 4.31 −2.04 pp
2015 6.34 +3.94 pp
2014 2.4 −1.23 pp
2013 3.63 +0.02 pp
2012 3.61 +0.97 pp
2011 2.64 −0.52 pp
2010 3.16 −2.51 pp
2009 5.67 +4.21 pp
2008 1.47 −3.89 pp
2007 5.36 +0.92 pp
2006 4.44 +0.4 pp
2005 4.04 +0.08 pp
2004 3.96 −2.13 pp
2003 6.09 +1.38 pp
2002 4.71 −1.71 pp
2001 6.42 +1.61 pp
2000 4.81 −0.31 pp
1999 5.12 −0.65 pp
1998 5.77 −3.65 pp
1997 9.43 +2.79 pp
1996 6.64 +0.1 pp
1995 6.54 +2 pp
1994 4.54 −2.83 pp
1993 7.37 −3.38 pp
1992 10.75 +5.01 pp
1991 5.74 −4.14 pp
1990 9.88 +0.56 pp
1989 9.32 +3.71 pp
1988 5.61 +0.18 pp
1987 5.43 −8.8 pp
1986 14.23 +4.36 pp
1985 9.87 +26.06 pp
1984 -16.19 −20.56 pp
1983 4.37 −4.36 pp
1982 8.72 +5.53 pp
1981 3.19 +3.4 pp
1980 -0.21 +0.61 pp
1979 -0.82 −3.24 pp
1978 2.42 −0.94 pp
1977 3.35 +0.02 pp
1976 3.34

South-Eastern Asia, 2019

The same indicator for neighboring countries — with links to their pages

About the indicator

The lending interest rate adjusted for inflation by the GDP deflator. It shows the real cost of borrowed funds for the economy. Negative values mean that inflation erodes debt faster than interest accrues on it — a situation that favors borrowers and works against lenders and depositors.

Important: There are no aggregates for country groups: a weight by the volume of credit is needed, and we do not have it. The rate is already net of inflation, so negative values are normal — they mean borrowing costs less than inflation erodes.

Source: World Economic Outlook (IMF), license IMF open data.