Eritrea vs Philippines: Domestic credit to private sector
Domestic credit to private sector over time
- Eritrea
- Philippines
How they compare
Eritrea currently reports 53.2% against 52.1% in Philippines, a difference of 1.1%.
The two have swapped places 3 times across 20 shared years of data; in 1995 it was Philippines ahead.
Eritrea ranks 71st and Philippines ranks 72nd of 187 countries.
Philippines has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Eritrea | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 33.3% | 40.9% | 7.5% | Philippines |
| 2000s | 25.7% | 30.7% | 5.0% | Philippines |
| 2010s | 28.4% | 32.5% | 4.1% | Philippines |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher domestic credit to private sector, Eritrea or Philippines?
- Eritrea, at 53.2% against 52.1% in Philippines as of 2014.
- What is the difference in domestic credit to private sector between Eritrea and Philippines?
- 1.1%, with Eritrea ahead.
- How many years of comparable data are there for Eritrea and Philippines?
- 20 years are reported by both, from 1995 to 2014.
- How do Eritrea and Philippines rank globally for domestic credit to private sector?
- Eritrea ranks 71st and Philippines ranks 72nd of 187 countries.
- Where does this data come from?
- International Financial Statistics database, International Monetary Fund (IMF), published as Domestic credit to private sector (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.