Deposit money banks'' assets to GDP in Philippines
Philippines: Deposit money banks'' assets to GDP was 71.0% in 2021. ▲ Rising
Deposit money banks'' assets to GDP in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
In 2021, deposit money banks'' assets to gdp in Philippines stood at 71.0%. That is the highest value across all 62 years on record.
That represents a change of up 1.1% on the previous year and up 56.9% over ten years.
Over the whole period, deposit money banks'' assets to gdp in Philippines peaked at 71.0% in 2021 and was at its lowest, 11.9%, in 1960.
That places Philippines 77th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Deposit money banks'' assets to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 11.9% | — |
| 1961 | 16.9% | +41.9% |
| 1962 | 17.2% | +1.7% |
| 1963 | 19.3% | +12.5% |
| 1964 | 21.1% | +9.2% |
| 1965 | 21.4% | +1.5% |
| 1966 | 21.5% | +0.4% |
| 1967 | 24.8% | +15.6% |
| 1968 | 24.6% | -0.9% |
| 1969 | 24.9% | +1.1% |
| 1970 | 23.6% | -5.2% |
| 1971 | 22.1% | -6.4% |
| 1972 | 22.9% | +3.5% |
| 1973 | 23.7% | +3.5% |
| 1974 | 24.9% | +5.3% |
| 1975 | 26.8% | +7.6% |
| 1976 | 27.7% | +3.2% |
| 1977 | 29.1% | +4.9% |
| 1978 | 31.4% | +8.1% |
| 1979 | 32.6% | +3.9% |
| 1980 | 32.6% | -0.0% |
| 1981 | 33.1% | +1.6% |
| 1982 | 34.9% | +5.2% |
| 1983 | 39.3% | +12.7% |
| 1984 | 27.8% | -29.4% |
| 1985 | 23.8% | -14.2% |
| 1986 | 18.8% | -21.1% |
| 1987 | 18.9% | +0.4% |
| 1988 | 19.9% | +5.2% |
| 1989 | 21.8% | +9.6% |
| 1990 | 23.3% | +6.8% |
| 1991 | 21.3% | -8.5% |
| 1992 | 24.8% | +16.5% |
| 1993 | 30.4% | +22.5% |
| 1994 | 34.1% | +12.2% |
| 1995 | 41.9% | +22.9% |
| 1996 | 53.4% | +27.4% |
| 1997 | 61.6% | +15.4% |
| 1998 | 53.5% | -13.1% |
| 1999 | 49.0% | -8.4% |
| 2000 | 49.3% | +0.6% |
| 2001 | 47.9% | -2.9% |
| 2002 | 45.6% | -4.8% |
| 2003 | 45.4% | -0.4% |
| 2004 | 45.7% | +0.6% |
| 2005 | 40.4% | -11.5% |
| 2006 | 36.7% | -9.2% |
| 2007 | 33.7% | -8.2% |
| 2008 | 41.5% | +23.0% |
| 2009 | 43.3% | +4.4% |
| 2010 | 43.4% | +0.2% |
| 2011 | 45.3% | +4.2% |
| 2012 | 46.5% | +2.7% |
| 2013 | 48.3% | +3.9% |
| 2014 | 51.9% | +7.5% |
| 2015 | 54.5% | +4.9% |
| 2016 | 56.4% | +3.6% |
| 2017 | 60.0% | +6.3% |
| 2018 | 62.1% | +3.5% |
| 2019 | 62.9% | +1.4% |
| 2020 | 70.2% | +11.6% |
| 2021 | 71.0% | +1.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 20.4% | 11.9% | 24.9% | 10 |
| 1970s | 26.5% | 22.1% | 32.6% | 10 |
| 1980s | 27.1% | 18.8% | 39.3% | 10 |
| 1990s | 39.3% | 21.3% | 61.6% | 10 |
| 2000s | 43.0% | 33.7% | 49.3% | 10 |
| 2010s | 53.1% | 43.4% | 62.9% | 10 |
| 2020s | 70.6% | 70.2% | 71.0% | 2 |
Countries ranked near Philippines
- 74 Costa Rica 71.6% compare
- 75 Jamaica 71.5% compare
- 76 Maldives 71.2% compare
- 78 Czechia 70.8% compare
- 79 Montenegro 69.7% compare
- 80 Trinidad and Tobago 69.6% compare
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 deposit money banks'' assets to gdp in Philippines?
- Deposit money banks'' assets to gdp in Philippines was 71.0% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest deposit money banks'' assets to gdp recorded in Philippines?
- The highest recorded value was 71.0% in 2021.
- What is the lowest deposit money banks'' assets to gdp recorded in Philippines?
- The lowest recorded value was 11.9% in 1960.
- How does Philippines rank for deposit money banks'' assets to gdp?
- Philippines ranks 77th out of 187 countries with data for 2021.
- Is deposit money banks'' assets to gdp rising or falling in Philippines?
- Over the last ten years it is up 56.9%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Deposit money banks'' assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by 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 deposit money bank claims, 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. Deposit money bank assets (IFS lines 22, a-d); 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).