Bank credit to bank deposits in Philippines
Philippines: Bank credit to bank deposits was 64.2% in 2021. ▼ Falling
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% |
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
- 125 Cape Verde 64.4% compare
- 126 Grenada 64.4% compare
- 127 Republic of Moldova 64.3% compare
- 129 Lithuania 64.2% compare
- 130 Venezuela, Bolivarian Republic of 63.2% compare
- 131 Slovenia 63.0% compare
More financial sector data for Philippines
- Net domestic credit (current LCU), per capita 194,178 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 46.56 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.49 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 149.63 million SDR (2025)
- Gold reserves at market value 13.63 billion SDR (2025)
- Reserves excluding gold, foreign exchange 63.95 billion SDR (2025)
- Reserves excluding gold 67.36 billion SDR (2025)
- Total reserves (gold at market value) 81.00 billion SDR (2025)
- Total reserves (gold at national valuation) 80.93 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 692.97 SDR per person (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.
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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).