Depositors with commercial banks in Philippines
Philippines: Depositors with commercial banks 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 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% |
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
- 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 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.