Account ownership at a financial institution or with a in Philippines
Philippines: Account ownership at a financial institution or with a was 55.1% 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 15-24.
Analysis
The most recent figure for account ownership at a financial institution or with a in Philippines is 55.1%, measured in 2024. That is the highest value across all 5 years on record.
That represents a change of up 37.2% on the previous year and up 189.4% over ten years.
Over the whole period, account ownership at a financial institution or with a in Philippines peaked at 55.1% in 2024 and was at its lowest, 18.3%, in 2011.
Philippines ranks 74th of 106 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Philippines, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 18.3% | — |
| 2014 | 19.0% | +3.8% |
| 2017 | 23.5% | +23.5% |
| 2021 | 40.2% | +70.8% |
| 2024 | 55.1% | +37.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.3% | 18.3% | 23.5% | 3 |
| 2020s | 47.6% | 40.2% | 55.1% | 2 |
Countries ranked near Philippines
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 55.1% 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 55.1% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Philippines?
- The lowest recorded value was 18.3% in 2011.
- How does Philippines rank for account ownership at a financial institution or with a?
- Philippines ranks 74th out of 106 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 189.4%. 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, young adults (% of population ages 15-24). Statizoid updates them automatically from the source API.
Download this data
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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 (young adults, % of population ages 15-24).