Depositors with commercial banks (per 1,000 adults) in Philippines
Philippines: Depositors with commercial banks (per 1,000 adults) was 1,029 per 1,000 adults in 2024. ▲ Rising
Depositors with commercial banks in Philippines, 2008–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for depositors with commercial banks in Philippines is 1,029 per 1,000 adults, measured in 2024. That is the highest value across all 17 years on record.
That represents a change of up 5.6% on the previous year and up 130.1% over ten years.
Over the whole period, depositors with commercial banks in Philippines peaked at 1,029 per 1,000 adults in 2024 and was at its lowest, 363.89 per 1,000 adults, in 2008.
That places Philippines 45th out of 104 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Depositors with commercial banks (per 1,000 adults) in Philippines, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2008 | 363.89 per 1,000 adults | — |
| 2009 | 363.96 per 1,000 adults | +0.0% |
| 2010 | 376.66 per 1,000 adults | +3.5% |
| 2011 | 434.06 per 1,000 adults | +15.2% |
| 2012 | 431.95 per 1,000 adults | -0.5% |
| 2013 | 429.1 per 1,000 adults | -0.7% |
| 2014 | 447.35 per 1,000 adults | +4.3% |
| 2015 | 466.29 per 1,000 adults | +4.2% |
| 2016 | 478.41 per 1,000 adults | +2.6% |
| 2017 | 499.54 per 1,000 adults | +4.4% |
| 2018 | 568.05 per 1,000 adults | +13.7% |
| 2019 | 649.76 per 1,000 adults | +14.4% |
| 2020 | 677.38 per 1,000 adults | +4.3% |
| 2021 | 746.51 per 1,000 adults | +10.2% |
| 2022 | 989.42 per 1,000 adults | +32.5% |
| 2023 | 974.4 per 1,000 adults | -1.5% |
| 2024 | 1,029 per 1,000 adults | +5.6% |
Philippines compared with similar countries
- Philippines's 1,029 per 1,000 adults is below the median for upper middle income countries, which is 1,253 per 1,000 adults, 82% of the median. (29 countries reporting)
- Philippines's 1,029 per 1,000 adults is above the median for East Asia & Pacific, which is 948.71 per 1,000 adults, 1.1× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 363.93 per 1,000 adults | 363.89 per 1,000 adults | 363.96 per 1,000 adults | 2 |
| 2010s | 478.12 per 1,000 adults | 376.66 per 1,000 adults | 649.76 per 1,000 adults | 10 |
| 2020s | 883.42 per 1,000 adults | 677.38 per 1,000 adults | 1,029 per 1,000 adults | 5 |
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 depositors with commercial banks in Philippines?
- Depositors with commercial banks in Philippines was 1,029 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Philippines?
- The highest recorded value was 1,029 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Philippines?
- The lowest recorded value was 363.89 per 1,000 adults in 2008.
- How does Philippines rank for depositors with commercial banks?
- Philippines ranks 45th out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Philippines?
- Over the last ten years it is up 130.1%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.