Philippines Interest Rate Spread
Interest rate spread (lending rate minus deposit rate) FR.INR.LNDP
Philippines's interest rate spread was 3.01% in 2019, ranked 24th globally. This represents a 0.3% increase from 2018. Data from World Bank, covering 1976–2019.
Overview
Philippines's interest rate spread stood at 3.01% in 2019, a rise of +0.01pp from 2018. Philippines ranked 24th globally.
The Philippines' interest rate spread, which measures the difference between lending and deposit interest rates, has fluctuated significantly over the past 44 years. The spread has narrowed from an all-time peak of 9.70% in 1985, a period marked by high inflation and economic instability, to a relatively stable 3.01% in 2019, ranking 24th globally. Notably, the spread reached a historic low of 1.48% in 1981, underscoring the country's economic resilience during that era. A comparison with peer countries reveals that the Philippines' spread is comparable to that of San Marino, which stood at 2.97% in 2019. The narrowing of the interest rate spread suggests a more stable financial environment, similar to that of Switzerland, which has consistently maintained low interest rate spreads. However, a rise in global interest rates or a decline in domestic economic growth could potentially alter this trajectory, widening the interest rate spread and affecting the country's financial landscape.
Data & projection
| Year | Interest Rate Spread | YoY change | Rank |
|---|---|---|---|
| 2019 | 3.01% | +0.01pp | #24 |
| 2018 | 3.00% | −0.75pp | #24 |
| 2017 | 3.75% | −0.30pp | #40 |
| 2016 | 4.05% | +0.06pp | #42 |
| 2015 | 3.99% | −0.31pp | #45 |
| 2014 | 4.30% | +0.19pp | #44 |
| 2013 | 4.11% | +1.58pp | #44 |
| 2012 | 2.52% | −0.75pp | #20 |
| 2011 | 3.28% | −1.18pp | #27 |
| 2010 | 4.45% | −1.37pp | #39 |
| 2009 | 5.83% | +1.56pp | #58 |
| 2008 | 4.26% | −0.73pp | #38 |
| 2007 | 5.00% | +0.51pp | #46 |
| 2006 | 4.48% | −0.14pp | #39 |
| 2005 | 4.63% | +0.73pp | #35 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw interest rate spread improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's interest rate spread was 3.01% in 2019. Ranked 24th globally. This represents a 0.3% increase from the previous year.
Philippines's interest rate spread peaked at 9.70% in 1985.
The lowest interest rate spread in Philippines was 1.48% in 1981.
Philippines ranks 24th globally in interest rate spread as of 2019.
The World Bank indicator code is FR.INR.LNDP. Data sourced from World Bank.
The interest rate spread of Philippines in 2019 was 3.01%. This ranks 24th in the world.
Cite this page
@misc{historysaid_philippines_interest-rate-spread,
title = {Philippines Interest Rate Spread},
url = {https://historysaid.com/philippines/interest-rate-spread/},
publisher = {HistorySaid},
year = {2026}
}