Share of government expenditure going to interest payments in Philippines
Philippines: Share of government expenditure going to interest payments was 15.31 in 2023. ▼ Falling
Share of government expenditure going to interest payments in Philippines, 1990–2023
Source: Our World in Data.
Analysis
Philippines recorded 15.31 for share of government expenditure going to interest payments in 2023.
That represents a change of up 24.8% on the previous year and down 25.0% over ten years.
Over the whole period, share of government expenditure going to interest payments in Philippines peaked at 39.38 in 1990 and was at its lowest, 10.83, in 2020.
That places Philippines 25th out of 152 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 28 years of available data.
Share of government expenditure going to interest payments in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 39.38 | — |
| 1991 | 37.54 | -4.7% |
| 1992 | 36.32 | -3.2% |
| 1993 | 32.61 | -10.2% |
| 2000 | 28.07 | -13.9% |
| 2001 | 30.28 | +7.9% |
| 2002 | 28.41 | -6.2% |
| 2003 | 31.44 | +10.7% |
| 2004 | 34.3 | +9.1% |
| 2005 | 32.31 | -5.8% |
| 2006 | 33.86 | +4.8% |
| 2007 | 27.74 | -18.1% |
| 2008 | 25.87 | -6.7% |
| 2009 | 23.73 | -8.3% |
| 2010 | 23.36 | -1.6% |
| 2011 | 20.63 | -11.7% |
| 2012 | 21.13 | +2.4% |
| 2013 | 20.41 | -3.4% |
| 2014 | 19.14 | -6.2% |
| 2015 | 16.69 | -12.8% |
| 2016 | 15.16 | -9.2% |
| 2017 | 13.78 | -9.1% |
| 2018 | 13.45 | -2.4% |
| 2019 | 12.49 | -7.2% |
| 2020 | 10.83 | -13.2% |
| 2021 | 11.56 | +6.7% |
| 2022 | 12.27 | +6.1% |
| 2023 | 15.31 | +24.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 36.46 | 32.61 | 39.38 | 4 |
| 2000s | 29.6 | 23.73 | 34.3 | 10 |
| 2010s | 17.62 | 12.49 | 23.36 | 10 |
| 2020s | 12.49 | 10.83 | 15.31 | 4 |
Countries ranked near Philippines
More reference data data for Philippines
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 2.21 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 2.95 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 12.86 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 1.43 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 12.86 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 7.4 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 10.7 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 15.23 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 67.05 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 7.76 (2050)
Frequently asked questions
- What is share of government expenditure going to interest payments in Philippines?
- Share of government expenditure going to interest payments in Philippines was 15.31 in 2023, according to Our World in Data.
- What is the highest share of government expenditure going to interest payments recorded in Philippines?
- The highest recorded value was 39.38 in 1990.
- What is the lowest share of government expenditure going to interest payments recorded in Philippines?
- The lowest recorded value was 10.83 in 2020.
- How does Philippines rank for share of government expenditure going to interest payments?
- Philippines ranks 25th out of 152 countries with data for 2023.
- Is share of government expenditure going to interest payments rising or falling in Philippines?
- Over the last ten years it is down 25.0%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from Our World in Data, published as part of Share of government expenditure going to interest payments. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (Our World in Data).