Claims on other sectors of the domestic economy in Philippines
Philippines: Claims on other sectors of the domestic economy was 5.0% in 2023. ▲ Rising
Claims on other sectors of the domestic economy in Philippines, 2002–2023
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual growth as % of broad money.
Analysis
In 2023, claims on other sectors of the domestic economy in Philippines stood at 5.0%.
Compared with earlier readings it is down 24.3% on the previous year and down 49.5% over ten years.
Over the whole period, claims on other sectors of the domestic economy in Philippines peaked at 11.1% in 2014 and was at its lowest, -0.7%, in 2020.
That places Philippines 88th out of 151 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
Claims on other sectors of the domestic economy in Philippines, year by year
| Year | annual growth as % of broad money | Change |
|---|---|---|
| 2002 | 2.2% | — |
| 2003 | 5.7% | +160.5% |
| 2004 | 5.7% | +1.0% |
| 2005 | 1.0% | -82.8% |
| 2006 | 9.7% | +881.3% |
| 2007 | 7.4% | -24.1% |
| 2008 | 5.4% | -26.2% |
| 2009 | 3.5% | -34.8% |
| 2010 | 7.5% | +112.7% |
| 2011 | 10.5% | +39.3% |
| 2012 | 9.2% | -12.1% |
| 2013 | 9.9% | +7.0% |
| 2014 | 11.1% | +12.6% |
| 2015 | 7.3% | -34.0% |
| 2016 | 10.1% | +37.6% |
| 2017 | 11.1% | +10.0% |
| 2018 | 10.3% | -7.5% |
| 2019 | 6.1% | -40.6% |
| 2020 | -0.7% | -110.8% |
| 2021 | 2.9% | -534.6% |
| 2022 | 6.6% | +130.9% |
| 2023 | 5.0% | -24.3% |
Philippines compared with similar countries
- Philippines's 5.0% is below the median for upper middle income countries, which is 6.3%, 79% of the median. (50 countries reporting)
- Philippines's 5.0% is above the median for East Asia & Pacific, which is 4.1%, 1.2× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Claims on other sectors of the domestic economy in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2006 | +881.3% | 1.0% | 9.7% |
| 2021 | +534.6% | -0.7% | 2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.1% | 1.0% | 9.7% | 8 |
| 2010s | 9.3% | 6.1% | 11.1% | 10 |
| 2020s | 3.4% | -0.7% | 6.6% | 4 |
Countries ranked near Philippines
- 85 Nepal 5.2% compare
- 86 Seychelles 5.2% compare
- 87 Jamaica 5.0% compare
- 89 Saint Lucia 4.9% compare
- 90 Belize 4.8% compare
- 91 Bangladesh 4.5% 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 claims on other sectors of the domestic economy in Philippines?
- Claims on other sectors of the domestic economy in Philippines was 5.0% in 2023, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest claims on other sectors of the domestic economy recorded in Philippines?
- The highest recorded value was 11.1% in 2014.
- What is the lowest claims on other sectors of the domestic economy recorded in Philippines?
- The lowest recorded value was -0.7% in 2020.
- How does Philippines rank for claims on other sectors of the domestic economy?
- Philippines ranks 88th out of 151 countries with data for 2023.
- Is claims on other sectors of the domestic economy rising or falling in Philippines?
- Over the last ten years it is down 49.5%. The long-run trend across the full record is rising.
- 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 other sectors of the domestic economy (annual growth as % of broad money). Statizoid updates them automatically from the source API.
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About this data
Claims on other sectors of the domestic economy include gross credit from the financial system to households, nonprofit institutions serving households, nonfinancial corporations, state and local governments, and social security funds. 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.