Philippines—Lending Interest Rate (%)
Latest Value
7.1%
2019
YoY Change
+16.0%
2018 → 2019
Maximum
12.4%
2001
Minimum
5.5%
2014
CAGR
-2.2%
20 years
Last
7.1%
Previous
6.1%
Highest
12.4%
Lowest
5.5%
Unit
%
Source
World Bank World Development Indicators
Philippines's lending interest rate (%) was 7.1% in 2019. This represents a +16.0% change from 2018. Over the past 20 years, the highest recorded value was 12.4% (2001) and the lowest was 5.5% (2014). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2019 | 7.1% | +16.0% |
| 2018 | 6.1% | +8.7% |
| 2017 | 5.6% | -0.3% |
| 2016 | 5.6% | +1.1% |
| 2015 | 5.6% | +0.9% |
| 2014 | 5.5% | -4.2% |
| 2013 | 5.8% | +1.5% |
| 2012 | 5.7% | -14.8% |
| 2011 | 6.7% | -13.2% |
| 2010 | 7.7% | -10.4% |
| 2009 | 8.6% | -2.1% |
| 2008 | 8.8% | +0.7% |
| 2007 | 8.7% | -11.1% |
| 2006 | 9.8% | -4.0% |
| 2005 | 10.2% | +1.1% |
| 2004 | 10.1% | +6.4% |
| 2003 | 9.5% | +3.6% |
| 2002 | 9.1% | -26.3% |
| 2001 | 12.4% | +13.7% |
| 2000 | 10.9% |
Top Countries — Lending Interest Rate (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Madagascar | 60.0% | 2025 |
| 2 | Zimbabwe | 46.4% | 2025 |
| 3 | Argentina | 46.0% | 2025 |
| 4 | Brazil | 45.3% | 2025 |
| 5 | Malawi | 37.1% | 2024 |
| 6 | Egypt, Arab Rep. | 24.3% | 2024 |
| 7 | Congo, Dem. Rep. | 23.3% | 2021 |
| 8 | Uzbekistan | 23.1% | 2024 |
| 9 | Gambia, The | 22.0% | 2025 |
| 10 | Sierra Leone | 21.4% | 2025 |
About This Indicator
Definition
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.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF).
Unit
%