Claims on central government in Philippines
Philippines: Claims on central government was 3.4% in 2023. ◆ Volatile
Claims on central government in Philippines, 1961–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
The most recent figure for claims on central government in Philippines is 3.4%, measured in 2023.
The figure is down 21.5% on the previous year and up 10,343.6% over ten years.
Over the whole period, claims on central government in Philippines peaked at 55.2% in 1993 and was at its lowest, -21.7%, in 1987.
That places Philippines 71st out of 167 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Claims on central government in Philippines, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 1961 | 4.3% | — |
| 1962 | -4.2% | -197.2% |
| 1963 | 2.3% | -156.2% |
| 1964 | 0.8% | -63.9% |
| 1965 | -3.3% | -483.4% |
| 1966 | 4.8% | -247.4% |
| 1967 | 1.8% | -63.2% |
| 1968 | 4.3% | +143.6% |
| 1969 | 10.3% | +139.3% |
| 1970 | 0.0% | -99.7% |
| 1971 | 1.0% | +2842.1% |
| 1972 | 0.1% | -90.4% |
| 1973 | -7.7% | -7767.8% |
| 1974 | -6.9% | -10.7% |
| 1975 | 5.0% | -172.0% |
| 1976 | 6.7% | +35.2% |
| 1977 | 6.7% | -0.1% |
| 1978 | 1.7% | -74.1% |
| 1979 | 0.4% | -79.4% |
| 1980 | 2.9% | +714.4% |
| 1981 | 9.1% | +213.1% |
| 1982 | 15.1% | +65.6% |
| 1983 | 2.4% | -83.9% |
| 1984 | 0.1% | -95.6% |
| 1985 | -0.7% | -773.8% |
| 1986 | 13.7% | -1990.4% |
| 1987 | -21.7% | -258.8% |
| 1988 | -5.6% | -74.0% |
| 1989 | 0.0% | -100.2% |
| 1990 | 1.8% | +14315.2% |
| 1991 | -6.4% | -455.4% |
| 1992 | -3.4% | -46.7% |
| 1993 | 55.2% | -1730.4% |
| 1994 | 5.3% | -90.4% |
| 1995 | 2.8% | -48.2% |
| 1996 | 2.8% | +0.5% |
| 1997 | 7.7% | +178.5% |
| 1998 | -0.7% | -109.5% |
| 1999 | 2.3% | -410.1% |
| 2000 | 1.5% | -32.6% |
| 2001 | 5.9% | +282.7% |
| 2002 | 3.7% | -37.2% |
| 2003 | 0.7% | -82.2% |
| 2004 | 5.5% | +740.4% |
| 2005 | -3.8% | -169.4% |
| 2006 | 1.4% | -137.5% |
| 2007 | 0.7% | -51.5% |
| 2008 | 2.5% | +259.0% |
| 2009 | 1.8% | -26.4% |
| 2010 | 2.9% | +60.4% |
| 2011 | 0.6% | -79.6% |
| 2012 | -3.6% | -697.7% |
| 2013 | -0.0% | -99.1% |
| 2014 | 2.1% | -6373.6% |
| 2015 | 1.6% | -24.6% |
| 2016 | 3.5% | +119.2% |
| 2017 | 0.3% | -91.6% |
| 2018 | 2.2% | +662.6% |
| 2019 | 3.3% | +50.6% |
| 2020 | 4.8% | +45.4% |
| 2021 | 4.2% | -14.1% |
| 2022 | 4.3% | +4.5% |
| 2023 | 3.4% | -21.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.4% | -4.2% | 10.3% | 9 |
| 1970s | 0.7% | -7.7% | 6.7% | 10 |
| 1980s | 1.5% | -21.7% | 15.1% | 10 |
| 1990s | 6.7% | -6.4% | 55.2% | 10 |
| 2000s | 2.0% | -3.8% | 5.9% | 10 |
| 2010s | 1.3% | -3.6% | 3.5% | 10 |
| 2020s | 4.2% | 3.4% | 4.8% | 4 |
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 claims on central government in Philippines?
- Claims on central government in Philippines was 3.4% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on central government recorded in Philippines?
- The highest recorded value was 55.2% in 1993.
- What is the lowest claims on central government recorded in Philippines?
- The lowest recorded value was -21.7% in 1987.
- How does Philippines rank for claims on central government?
- Philippines ranks 71st out of 167 countries with data for 2023.
- Is claims on central government rising or falling in Philippines?
- Over the last ten years it is up 10,343.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Claims on central government (annual growth as % of broad money). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Claims on central government include loans to central government institutions net of deposits. Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator represents the annual percentage growth in the ratio of claims to broad money.