COUNTRY / INDICATOR
Philippines Lending Interest Rate
Philippines lending interest rate: latest available value for 2019, historical series from 2016, ranking context and source documentation.
Series overview
FR.INR.LEND| Year | Value | Change |
|---|---|---|
| 2019 | 7,10 | 0,98 |
| 2018 | 6,12 | 0,49 |
| 2017 | 5,63 | -0,01 |
| 2016 | 5,64 | — |
Source methodology
World Development IndicatorsIndicator note: 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.
Source organization: International Financial Statistics database, International Monetary Fund (IMF)
Metadata fetched: 2026-08-01 01:32:54. Open original metadata response.
Country-specific interpretation
Automatically derived from the displayed seriesPhilippines recorded 7,10 percent in 2019, the latest year available in this series.
Compared with 2018, the lending interest rate increased by 0,98.
Across the latest five-year comparison window, the series shows an upward direction.
Across 4 observations from 2016 to 2019, the average was 6,12; the minimum was 5,63 in 2017 and the maximum was 7,10 in 2019.
Philippines ranks 52 out of 134 countries with a current value in the portal ranking.
The latest value is below the available average for East Asia & Pacific.
It is also below the available average for the Upper middle income group.
Cost of borrowing from financial institutions.