Bank credit to bank deposits (%) in Philippines
Philippines: Bank credit to bank deposits (%) was 64.2% in 2021. ▼ Falling
Latest (2021)
64.2%
Change on year
down 4.7%
World rank
128th
of 186 countries
All-time high
164.8%
in 1975
All-time low
49.9%
in 2006
Years of data
62
1960–2021
Bank credit to bank deposits in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for bank credit to bank deposits in Philippines is 64.2%, measured in 2021.
The figure is down 4.7% on the previous year and up 5.6% over ten years.
Over the whole period, bank credit to bank deposits in Philippines peaked at 164.8% in 1975 and was at its lowest, 49.9%, in 2006.
Philippines ranks 128th of 186 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 62 years of available data.
Bank credit to bank deposits (%) in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 91.4% | — |
| 1961 | 97.6% | +6.9% |
| 1962 | 94.7% | -3.0% |
| 1963 | 110.0% | +16.2% |
| 1964 | 123.0% | +11.7% |
| 1965 | 122.2% | -0.6% |
| 1966 | 114.3% | -6.5% |
| 1967 | 109.8% | -3.9% |
| 1968 | 106.3% | -3.2% |
| 1969 | 103.3% | -2.9% |
| 1970 | 109.1% | +5.7% |
| 1971 | 109.7% | +0.5% |
| 1972 | 122.8% | +12.0% |
| 1973 | 125.0% | +1.8% |
| 1974 | 163.9% | +31.0% |
| 1975 | 164.8% | +0.6% |
| 1976 | 151.3% | -8.2% |
| 1977 | 137.8% | -9.0% |
| 1978 | 140.5% | +2.0% |
| 1979 | 160.8% | +14.5% |
| 1980 | 158.4% | -1.5% |
| 1981 | 161.9% | +2.2% |
| 1982 | 154.1% | -4.8% |
| 1983 | 131.1% | -15.0% |
| 1984 | 104.2% | -20.5% |
| 1985 | 85.2% | -18.2% |
| 1986 | 68.3% | -19.9% |
| 1987 | 73.9% | +8.3% |
| 1988 | 68.7% | -7.1% |
| 1989 | 65.7% | -4.3% |
| 1990 | 68.7% | +4.6% |
| 1991 | 62.5% | -9.0% |
| 1992 | 68.0% | +8.9% |
| 1993 | 73.8% | +8.5% |
| 1994 | 73.6% | -0.3% |
| 1995 | 85.4% | +16.0% |
| 1996 | 101.7% | +19.0% |
| 1997 | 102.5% | +0.8% |
| 1998 | 87.2% | -14.9% |
| 1999 | 75.4% | -13.5% |
| 2000 | 72.5% | -3.9% |
| 2001 | 67.6% | -6.7% |
| 2002 | 62.5% | -7.6% |
| 2003 | 60.8% | -2.7% |
| 2004 | 60.0% | -1.2% |
| 2005 | 55.2% | -8.1% |
| 2006 | 49.9% | -9.5% |
| 2007 | 50.9% | +1.9% |
| 2008 | 55.7% | +9.5% |
| 2009 | 53.5% | -4.0% |
| 2010 | 55.3% | +3.5% |
| 2011 | 60.9% | +10.0% |
| 2012 | 65.0% | +6.8% |
| 2013 | 57.7% | -11.3% |
| 2014 | 61.9% | +7.3% |
| 2015 | 63.8% | +3.1% |
| 2016 | 65.4% | +2.5% |
| 2017 | 68.6% | +5.0% |
| 2018 | 73.6% | +7.2% |
| 2019 | 72.8% | -1.1% |
| 2020 | 67.4% | -7.4% |
| 2021 | 64.2% | -4.7% |
Philippines compared with similar countries
- Philippines's 64.2% is below the median for upper middle income countries, which is 79.3%, 81% of the median. (55 countries reporting)
- Philippines's 64.2% is below the median for East Asia & Pacific, which is 77.0%, 83% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 107.3% | 91.4% | 123.0% | 10 |
| 1970s | 138.6% | 109.1% | 164.8% | 10 |
| 1980s | 107.2% | 65.7% | 161.9% | 10 |
| 1990s | 79.9% | 62.5% | 102.5% | 10 |
| 2000s | 58.9% | 49.9% | 72.5% | 10 |
| 2010s | 64.5% | 55.3% | 73.6% | 10 |
| 2020s | 65.8% | 64.2% | 67.4% | 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 bank credit to bank deposits in Philippines?
- Bank credit to bank deposits in Philippines was 64.2% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank credit to bank deposits recorded in Philippines?
- The highest recorded value was 164.8% in 1975.
- What is the lowest bank credit to bank deposits recorded in Philippines?
- The lowest recorded value was 49.9% in 2006.
- How does Philippines rank for bank credit to bank deposits?
- Philippines ranks 128th out of 186 countries with data for 2021.
- Is bank credit to bank deposits rising or falling in Philippines?
- Over the last ten years it is up 5.6%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank credit to bank deposits (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 62 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from the electronic version of the IMF’s International Financial Statistics. Private credit by deposit money banks (IFS line 22d); bank deposits (IFS lines 24 and 25).