Bank deposits to GDP in Philippines
Philippines: Bank deposits to GDP was 77.7% in 2021. ◆ Volatile
Bank deposits to GDP in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Philippines recorded 77.7% for bank deposits to gdp in 2021. That is the highest value across all 62 years on record.
That represents a change of up 0.7% on the previous year and up 55.1% over ten years.
Over the whole period, bank deposits to gdp in Philippines peaked at 77.7% in 2021 and was at its lowest, 11.7%, in 1960.
Philippines ranks 57th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Bank deposits to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 11.7% | — |
| 1961 | 14.1% | +20.5% |
| 1962 | 15.5% | +10.3% |
| 1963 | 15.0% | -3.4% |
| 1964 | 14.7% | -2.1% |
| 1965 | 14.0% | -4.8% |
| 1966 | 15.3% | +9.2% |
| 1967 | 17.6% | +15.5% |
| 1968 | 17.9% | +1.7% |
| 1969 | 17.6% | -1.7% |
| 1970 | 16.5% | -6.2% |
| 1971 | 16.1% | -2.5% |
| 1972 | 15.7% | -2.8% |
| 1973 | 16.2% | +3.5% |
| 1974 | 13.4% | -17.1% |
| 1975 | 13.4% | -0.5% |
| 1976 | 14.8% | +10.8% |
| 1977 | 17.0% | +14.6% |
| 1978 | 18.5% | +8.7% |
| 1979 | 17.1% | -7.4% |
| 1980 | 17.5% | +2.3% |
| 1981 | 17.9% | +2.2% |
| 1982 | 19.1% | +6.8% |
| 1983 | 24.8% | +29.8% |
| 1984 | 20.6% | -16.7% |
| 1985 | 20.7% | +0.5% |
| 1986 | 19.1% | -7.8% |
| 1987 | 19.0% | -0.7% |
| 1988 | 20.6% | +8.6% |
| 1989 | 23.1% | +12.0% |
| 1990 | 24.5% | +6.1% |
| 1991 | 24.9% | +1.8% |
| 1992 | 26.3% | +5.7% |
| 1993 | 31.3% | +18.8% |
| 1994 | 34.6% | +10.4% |
| 1995 | 38.5% | +11.3% |
| 1996 | 42.2% | +9.6% |
| 1997 | 48.2% | +14.4% |
| 1998 | 48.2% | -0.1% |
| 1999 | 49.5% | +2.7% |
| 2000 | 49.1% | -0.8% |
| 2001 | 47.5% | -3.2% |
| 2002 | 47.9% | +0.9% |
| 2003 | 46.0% | -4.1% |
| 2004 | 45.1% | -2.0% |
| 2005 | 43.1% | -4.3% |
| 2006 | 46.2% | +7.2% |
| 2007 | 43.3% | -6.4% |
| 2008 | 50.0% | +15.6% |
| 2009 | 52.2% | +4.3% |
| 2010 | 51.2% | -1.8% |
| 2011 | 50.1% | -2.1% |
| 2012 | 49.1% | -2.1% |
| 2013 | 59.6% | +21.3% |
| 2014 | 60.7% | +2.0% |
| 2015 | 62.6% | +3.0% |
| 2016 | 65.6% | +4.8% |
| 2017 | 66.4% | +1.3% |
| 2018 | 64.7% | -2.7% |
| 2019 | 65.9% | +2.0% |
| 2020 | 77.2% | +17.2% |
| 2021 | 77.7% | +0.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 15.3% | 11.7% | 17.9% | 10 |
| 1970s | 15.9% | 13.4% | 18.5% | 10 |
| 1980s | 20.2% | 17.5% | 24.8% | 10 |
| 1990s | 36.8% | 24.5% | 49.5% | 10 |
| 2000s | 47.0% | 43.1% | 52.2% | 10 |
| 2010s | 59.6% | 49.1% | 66.4% | 10 |
| 2020s | 77.5% | 77.2% | 77.7% | 2 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserves excluding gold, foreign exchange (SDR), annual growth rate -8.19 % change on previous year (2025)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1313 SDR per US$ of GDP (2025)
- Reserves excluding gold, foreign exchange (SDR), per capita 547.61 SDR per person (2025)
- Reserves excluding gold (SDR), annual growth rate -7.77 % change on previous year (2025)
- Reserves excluding gold (SDR), per capita 576.82 SDR per person (2025)
- Total reserves (gold at market value) (SDR), annual growth rate -0.5283 % change on previous year (2025)
- Total reserves (gold at market value) (SDR), per capita 693.56 SDR per person (2025)
- Total reserves (gold at national valuation) (SDR), annual growth rate -0.6712 % change on previous year (2025)
- Total reserves (gold at national valuation) (SDR), per capita 692.97 SDR per person (2025)
- Total reserves (gold at national valuation) 80.93 billion SDR (2025)
Frequently asked questions
- What is bank deposits to gdp in Philippines?
- Bank deposits to gdp in Philippines was 77.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest bank deposits to gdp recorded in Philippines?
- The highest recorded value was 77.7% in 2021.
- What is the lowest bank deposits to gdp recorded in Philippines?
- The lowest recorded value was 11.7% in 1960.
- How does Philippines rank for bank deposits to gdp?
- Philippines ranks 57th out of 185 countries with data for 2021.
- Is bank deposits to gdp rising or falling in Philippines?
- Over the last ten years it is up 55.1%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Bank deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Bank deposits (IFS lines 24 and 25); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).