diff --git a/metrics/config.go b/metrics/config.go
index 3fe3c1737..ce5e7f875 100644
--- a/metrics/config.go
+++ b/metrics/config.go
@@ -41,19 +41,21 @@ const (
 	DomainEnv = "METRICS_DOMAIN"
 
 	// The following keys are used to configure metrics reporting.
-	// See https://github.com/knative/serving/blob/main/config/config-observability.yaml
+	// See https://github.com/knative/serving/blob/main/config/core/configmaps/observability.yaml
 	// for details.
 	collectorAddressKey = "metrics.opencensus-address"
 	collectorSecureKey  = "metrics.opencensus-require-tls"
 	reportingPeriodKey  = "metrics.reporting-period-seconds"
 
-	defaultBackendEnvName = "DEFAULT_METRICS_BACKEND"
-	defaultPrometheusPort = 9090
-	maxPrometheusPort     = 65535
-	minPrometheusPort     = 1024
-	defaultPrometheusHost = "0.0.0.0"
-	prometheusPortEnvName = "METRICS_PROMETHEUS_PORT"
-	prometheusHostEnvName = "METRICS_PROMETHEUS_HOST"
+	defaultBackendEnvName            = "DEFAULT_METRICS_BACKEND"
+	defaultPrometheusPort            = 9090
+	defaultPrometheusReportingPeriod = 5
+	defaultOpenCensusReportingPeriod = 60
+	maxPrometheusPort                = 65535
+	minPrometheusPort                = 1024
+	defaultPrometheusHost            = "0.0.0.0"
+	prometheusPortEnvName            = "METRICS_PROMETHEUS_PORT"
+	prometheusHostEnvName            = "METRICS_PROMETHEUS_HOST"
 )
 
 var (
@@ -206,9 +208,9 @@ func createMetricsConfig(_ context.Context, ops ExporterOptions) (*metricsConfig
 	} else {
 		switch mc.backendDestination {
 		case openCensus:
-			mc.reportingPeriod = time.Minute
+			mc.reportingPeriod = defaultOpenCensusReportingPeriod * time.Second
 		case prometheus:
-			mc.reportingPeriod = 5 * time.Second
+			mc.reportingPeriod = defaultPrometheusReportingPeriod * time.Second
 		}
 	}
 	return &mc, nil
diff --git a/metrics/config_observability.go b/metrics/config_observability.go
index b6affd293..e766b071b 100644
--- a/metrics/config_observability.go
+++ b/metrics/config_observability.go
@@ -71,6 +71,10 @@ type ObservabilityConfig struct {
 	// OpenCensus. "None" disables all backends.
 	RequestMetricsBackend string
 
+	// RequestMetricsReportingPeriodSeconds specifies the request metrics reporting period in sec at queue proxy, eg 1.
+	// If a zero or negative value is passed the default reporting period is used (10 secs).
+	RequestMetricsReportingPeriodSeconds int
+
 	// EnableProfiling indicates whether it is allowed to retrieve runtime profiling data from
 	// the pods via an HTTP server in the format expected by the pprof visualization tool.
 	EnableProfiling bool
@@ -114,6 +118,12 @@ func NewObservabilityConfigFromConfigMap(configMap *corev1.ConfigMap) (*Observab
 		return oc, nil
 	}
 
+	defaultRequestMetricsReportingPeriod, err := getDefaultRequestMetricsReportingPeriod(configMap.Data)
+	if err != nil {
+		return nil, err
+	}
+	oc.RequestMetricsReportingPeriodSeconds = defaultRequestMetricsReportingPeriod
+
 	if err := cm.Parse(configMap.Data,
 		cm.AsBool("logging.enable-var-log-collection", &oc.EnableVarLogCollection),
 		cm.AsString("logging.revision-url-template", &oc.LoggingURLTemplate),
@@ -121,6 +131,7 @@ func NewObservabilityConfigFromConfigMap(configMap *corev1.ConfigMap) (*Observab
 		cm.AsBool(EnableReqLogKey, &oc.EnableRequestLog),
 		cm.AsBool(EnableProbeReqLogKey, &oc.EnableProbeRequestLog),
 		cm.AsString("metrics.request-metrics-backend-destination", &oc.RequestMetricsBackend),
+		cm.AsInt("metrics.request-metrics-reporting-period-seconds", &oc.RequestMetricsReportingPeriodSeconds),
 		cm.AsBool("profiling.enable", &oc.EnableProfiling),
 		cm.AsString("metrics.opencensus-address", &oc.MetricsCollectorAddress),
 	); err != nil {
@@ -163,3 +174,27 @@ func ConfigMapName() string {
 	}
 	return "config-observability"
 }
+
+// Use the same as `metrics.reporting-period-seconds` for the default
+// of `metrics.request-metrics-reporting-period-seconds`
+func getDefaultRequestMetricsReportingPeriod(data map[string]string) (int, error) {
+	// Default backend is prometheus
+	period := defaultPrometheusReportingPeriod
+	if repStr := data[reportingPeriodKey]; repStr != "" {
+		repInt, err := strconv.Atoi(repStr)
+		if err != nil {
+			return -1, fmt.Errorf("invalid %s value %q", reportingPeriodKey, repStr)
+		}
+		period = repInt
+	} else {
+		if raw, ok := data["metrics.request-metrics-backend-destination"]; ok {
+			switch metricsBackend(raw) {
+			case prometheus:
+				period = defaultPrometheusReportingPeriod
+			case openCensus:
+				period = defaultOpenCensusReportingPeriod
+			}
+		}
+	}
+	return period, nil
+}
diff --git a/metrics/config_observability_test.go b/metrics/config_observability_test.go
index 1388ffe94..0291b43d6 100644
--- a/metrics/config_observability_test.go
+++ b/metrics/config_observability_test.go
@@ -34,13 +34,14 @@ func TestObservabilityConfiguration(t *testing.T) {
 	}{{
 		name: "observability configuration with all inputs",
 		wantConfig: &ObservabilityConfig{
-			EnableProbeRequestLog:  true,
-			EnableProfiling:        true,
-			EnableVarLogCollection: true,
-			EnableRequestLog:       true,
-			LoggingURLTemplate:     "https://logging.io",
-			RequestLogTemplate:     `{"requestMethod": "{{.Request.Method}}"}`,
-			RequestMetricsBackend:  "opencensus",
+			EnableProbeRequestLog:                true,
+			EnableProfiling:                      true,
+			EnableVarLogCollection:               true,
+			EnableRequestLog:                     true,
+			LoggingURLTemplate:                   "https://logging.io",
+			RequestLogTemplate:                   `{"requestMethod": "{{.Request.Method}}"}`,
+			RequestMetricsBackend:                "opencensus",
+			RequestMetricsReportingPeriodSeconds: defaultOpenCensusReportingPeriod,
 		},
 		data: map[string]string{
 			EnableProbeReqLogKey:                          "true",
@@ -52,8 +53,12 @@ func TestObservabilityConfiguration(t *testing.T) {
 			"profiling.enable":                            "true",
 		},
 	}, {
-		name:       "observability config with no map",
-		wantConfig: defaultConfig(),
+		name: "observability config with no map",
+		wantConfig: func() *ObservabilityConfig {
+			oc := defaultConfig()
+			oc.RequestMetricsReportingPeriodSeconds = defaultPrometheusReportingPeriod
+			return oc
+		}(),
 	}, {
 		name:    "invalid request log template",
 		wantErr: true,
@@ -72,6 +77,7 @@ func TestObservabilityConfiguration(t *testing.T) {
 			oc.EnableProbeRequestLog = true
 			oc.EnableRequestLog = true
 			oc.LoggingURLTemplate = "https://logging.io"
+			oc.RequestMetricsReportingPeriodSeconds = defaultPrometheusReportingPeriod
 			return oc
 		}(),
 	}, {
@@ -80,6 +86,7 @@ func TestObservabilityConfiguration(t *testing.T) {
 			oc := defaultConfig()
 			oc.RequestLogTemplate = ""
 			oc.EnableProbeRequestLog = true
+			oc.RequestMetricsReportingPeriodSeconds = defaultPrometheusReportingPeriod
 			return oc
 		}(),
 		data: map[string]string{
@@ -103,6 +110,7 @@ func TestObservabilityConfiguration(t *testing.T) {
 			oc.EnableProbeRequestLog = true
 			oc.EnableVarLogCollection = true
 			oc.RequestLogTemplate = `{"requestMethod": "{{.Request.Method}}"}`
+			oc.RequestMetricsReportingPeriodSeconds = defaultPrometheusReportingPeriod
 			return oc
 		}(),
 		data: map[string]string{
@@ -116,12 +124,27 @@ func TestObservabilityConfiguration(t *testing.T) {
 			oc := defaultConfig()
 			oc.RequestMetricsBackend = "opencensus"
 			oc.MetricsCollectorAddress = "otel:55678"
+			oc.RequestMetricsReportingPeriodSeconds = defaultOpenCensusReportingPeriod
 			return oc
 		}(),
 		data: map[string]string{
 			"metrics.request-metrics-backend-destination": "opencensus",
 			"metrics.opencensus-address":                  "otel:55678",
 		},
+	}, {
+		name: "observability configuration with collector address and reporting period",
+		wantConfig: func() *ObservabilityConfig {
+			oc := defaultConfig()
+			oc.RequestMetricsBackend = "opencensus"
+			oc.MetricsCollectorAddress = "otel:55678"
+			oc.RequestMetricsReportingPeriodSeconds = 10
+			return oc
+		}(),
+		data: map[string]string{
+			"metrics.request-metrics-backend-destination":      "opencensus",
+			"metrics.opencensus-address":                       "otel:55678",
+			"metrics.request-metrics-reporting-period-seconds": "10",
+		},
 	}}
 
 	for _, tt := range observabilityConfigTests {