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Philippines - Interest Payments to Revenue 2023

Name: Philippines Interest Payments to Revenue 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Interest payments as % of revenue · World Bank

16.43% +2.25pp from 2022 Global rank: 83rd

Philippines's interest payments to revenue was 16.43% in 2023, increased +2.25pp from 14.19% in 2022. This was the 83rd highest globally.

Global Ranking - 2023▾

Interest Payments to Revenue by Country - 2023
Rank	Country	Value	YoY
1st	Somalia, Fed. Rep.	0.10%	1.1%
2nd	Singapore	0.42%	-1.3%
3rd	Luxembourg	0.59%	72.0%
4th	Kiribati	0.71%	-16.8%
5th	Switzerland	0.95%	40.5%
6th	Estonia	0.95%	219.8%
7th	Norway	1.03%	126.2%
8th	Denmark	1.21%	-26.4%
9th	Samoa	1.24%	8.1%
10th	Tonga	1.26%	12.8%
11th	Bulgaria	1.34%	33.3%
12th	Sweden	1.36%	5.0%
13th	Lithuania	1.41%	43.8%
14th	Netherlands	1.67%	27.1%
15th	Azerbaijan	1.72%	43.2%
16th	Andorra	1.75%	-18.0%
17th	Cambodia	1.84%	10.7%
18th	Latvia	1.86%	27.6%
19th	United Arab Emirates	1.92%	63.3%
20th	Bosnia and Herzegovina	2.01%	36.5%
21st	Germany	2.06%	40.1%
22nd	Finland	2.09%	60.1%
23rd	Botswana	2.18%	0.0%
24th	Kyrgyz Republic	2.35%	-1.9%
25th	Vanuatu	2.42%	-9.2%
26th	Austria	2.61%	21.1%
27th	European Union	2.73%	-7.6%
28th	Slovak Republic	2.86%	5.6%
29th	Slovenia	2.90%	10.3%
30th	Cyprus	2.94%	-10.3%
31st	Tajikistan	2.96%	-23.9%
32nd	Saudi Arabia	3.12%	30.4%
33rd	Uzbekistan	3.28%	114.5%
34th	Malta	3.39%	18.7%
35th	Lesotho	3.46%	3.4%
36th	France	3.78%	-9.0%
37th	Croatia	4.20%	9.3%
38th	Mongolia	4.46%	7.2%
39th	Korea	4.51%	25.3%
40th	Chile	4.63%	21.1%
41st	North Macedonia	4.75%	24.3%
42nd	Belarus	4.87%	49.0%
43rd	New Zealand	4.99%	57.6%
44th	Poland	5.22%	28.8%
45th	Georgia	5.24%	34.5%
46th	Madagascar	5.41%	12.4%
47th	Portugal	5.49%	10.8%
48th	Moldova	5.62%	80.0%
49th	Thailand	5.70%	-15.6%
50th	San Marino	5.74%	90.2%
51st	Spain	6.37%	-1.0%
52nd	Uruguay	6.62%	-0.2%
53rd	Nicaragua	6.92%	27.7%
54th	Albania	7.06%	-3.7%
55th	Canada	7.31%	26.1%
56th	Greece	7.46%	37.2%
57th	Rwanda	7.68%	23.7%
58th	Ukraine	8.00%	10.2%
59th	Morocco	8.01%	0.6%
60th	Nepal	8.02%	108.0%
61st	Argentina	8.60%	-9.3%
62nd	Italy	8.94%	-11.8%
63rd	Kazakhstan	8.96%	26.7%
64th	United Kingdom	9.07%	-23.3%
65th	Israel	9.13%	-6.5%
66th	Paraguay	9.24%	27.6%
67th	Mauritius	9.79%	21.9%
68th	Burkina Faso	10.12%	17.2%
69th	Türkiye	10.97%	-29.2%
70th	Armenia	11.11%	12.7%
71st	Senegal	12.32%	24.9%
72nd	Guatemala	12.56%	-0.9%
73rd	Mozambique	13.18%	28.0%
74th	Tanzania	13.24%	16.0%
75th	Colombia	13.82%	-10.7%
76th	Papua New Guinea	13.94%	0.4%
77th	Togo	14.00%	0.4%
78th	El Salvador	14.12%	26.2%
79th	Namibia	14.52%	-1.0%
80th	Malaysia	14.71%	4.9%
81st	Iceland	14.94%	-8.6%
82nd	Costa Rica	15.87%	3.8%
83rd	Philippines	16.43%	15.8%
84th	Fiji	16.48%	-4.4%
85th	South Africa	17.29%	7.8%
86th	Guinea-Bissau	17.85%	104.3%
87th	United States	17.98%	34.1%
88th	Côte d'Ivoire	18.05%	3.5%
89th	Mexico	18.55%	7.9%
90th	Dominican Republic	18.57%	6.5%
91st	Jordan	18.62%	16.3%
92nd	Bahamas, The	20.07%	-5.2%
93rd	Uganda	20.83%	6.7%
94th	Angola	23.67%	82.7%
95th	Kenya	24.28%	11.4%
96th	Brazil	30.84%	6.8%
97th	Sri Lanka	79.87%	2.7%

FAQ

What was Philippines's interest payments to revenue in 2023?▾

Philippines's interest payments to revenue in 2023 was 16.43%. This ranked 83rd globally.

How did Philippines's interest payments to revenue change in 2023?▾

Philippines's interest payments to revenue increased by 15.8% in 2023 compared to 2022.

Which country had the highest interest payments to revenue in 2023?▾

Sri Lanka had the highest interest payments to revenue in 2023 at 79.87%.

What is the interest payments to revenue of Philippines in 2023?▾

The interest payments to revenue of Philippines in 2023 was 16.43%. This ranked 83rd globally.

How does 2023 compare to 2022 for Philippines's interest payments to revenue?▾

Philippines's interest payments to revenue went from 14.19% in 2022 to 16.43% in 2023, a 15.8% increase.

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