Account ownership at a financial institution or with a in Philippines
Philippines: Account ownership at a financial institution or with a was 57.9% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Philippines, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Philippines stood at 57.9%.
The figure is down 5.3% on the previous year and up 57.2% over ten years.
Over the whole period, account ownership at a financial institution or with a in Philippines peaked at 61.2% in 2021 and was at its lowest, 33.1%, in 2011.
That places Philippines 93rd out of 105 countries with data for 2024, putting it in the bottom quarter.
Account ownership at a financial institution or with a in Philippines, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 33.1% | — |
| 2014 | 36.8% | +11.4% |
| 2017 | 41.4% | +12.3% |
| 2021 | 61.2% | +47.9% |
| 2024 | 57.9% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 37.1% | 33.1% | 41.4% | 3 |
| 2020s | 59.5% | 57.9% | 61.2% | 2 |
Countries ranked near Philippines
- 90 Mexico 60.9% compare
- 91 Sierra Leone 59.0% compare
- 92 Azerbaijan 58.6% compare
- 94 Republic of Moldova 57.0% compare
- 95 El Salvador 56.8% compare
- 96 Bangladesh 50.3% compare
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Philippines?
- Account ownership at a financial institution or with a in Philippines was 57.9% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Philippines?
- The highest recorded value was 61.2% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Philippines?
- The lowest recorded value was 33.1% in 2011.
- How does Philippines rank for account ownership at a financial institution or with a?
- Philippines ranks 93rd out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Philippines?
- Over the last ten years it is up 57.2%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, secondary education or more (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (secondary education or more, % of population ages 15+).