Domestic credit to private sector by banks in Philippines
Philippines: Domestic credit to private sector by banks was 52.1% in 2025. ▲ Rising
Domestic credit to private sector by banks in Philippines, 1960–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2025, domestic credit to private sector by banks in Philippines stood at 52.1%. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 4.5% on the previous year and up 30.6% over ten years.
Over the whole period, domestic credit to private sector by banks in Philippines peaked at 52.1% in 2025 and was at its lowest, 10.7%, in 1960.
Philippines ranks 69th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 66 years of available data.
Domestic credit to private sector by banks in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 10.7% | — |
| 1961 | 13.7% | +28.7% |
| 1962 | 14.7% | +7.0% |
| 1963 | 16.5% | +12.2% |
| 1964 | 18.0% | +9.4% |
| 1965 | 17.1% | -5.3% |
| 1966 | 17.4% | +2.1% |
| 1967 | 19.4% | +11.0% |
| 1968 | 19.1% | -1.6% |
| 1969 | 18.2% | -4.5% |
| 1970 | 18.0% | -0.8% |
| 1971 | 17.7% | -2.1% |
| 1972 | 19.2% | +8.9% |
| 1973 | 20.3% | +5.4% |
| 1974 | 22.0% | +8.7% |
| 1975 | 22.1% | +0.1% |
| 1976 | 22.4% | +1.8% |
| 1977 | 23.4% | +4.3% |
| 1978 | 25.9% | +10.8% |
| 1979 | 27.5% | +6.0% |
| 1980 | 27.7% | +0.7% |
| 1981 | 28.9% | +4.4% |
| 1982 | 29.4% | +1.7% |
| 1983 | 32.5% | +10.4% |
| 1984 | 21.5% | -33.7% |
| 1985 | 17.7% | -17.8% |
| 1986 | 13.1% | -26.2% |
| 1987 | 14.0% | +7.5% |
| 1988 | 14.2% | +0.9% |
| 1989 | 15.2% | +7.1% |
| 1990 | 16.8% | +11.0% |
| 1991 | 15.6% | -7.4% |
| 1992 | 17.9% | +15.1% |
| 1993 | 23.1% | +29.0% |
| 1994 | 25.5% | +10.1% |
| 1995 | 32.9% | +29.1% |
| 1996 | 42.9% | +30.5% |
| 1997 | 49.4% | +15.2% |
| 1998 | 42.0% | -15.0% |
| 1999 | 37.3% | -11.1% |
| 2000 | 35.6% | -4.6% |
| 2001 | 36.3% | +1.8% |
| 2002 | 33.7% | -7.2% |
| 2003 | 31.9% | -5.1% |
| 2004 | 31.0% | -2.9% |
| 2005 | 27.9% | -10.0% |
| 2006 | 27.5% | -1.5% |
| 2007 | 27.6% | +0.6% |
| 2008 | 27.9% | +0.9% |
| 2009 | 27.9% | +0.1% |
| 2010 | 28.3% | +1.6% |
| 2011 | 30.5% | +7.6% |
| 2012 | 31.9% | +4.6% |
| 2013 | 34.3% | +7.6% |
| 2014 | 37.6% | +9.4% |
| 2015 | 39.9% | +6.2% |
| 2016 | 42.9% | +7.4% |
| 2017 | 45.6% | +6.4% |
| 2018 | 47.6% | +4.3% |
| 2019 | 48.0% | +0.9% |
| 2020 | 52.0% | +8.5% |
| 2021 | 49.9% | -4.0% |
| 2022 | 48.9% | -2.1% |
| 2023 | 48.3% | -1.1% |
| 2024 | 49.8% | +3.2% |
| 2025 | 52.1% | +4.5% |
Philippines compared with similar countries
- Philippines's 52.1% is above the median for upper middle income countries, which is 39.8%, 1.3× the median. (55 countries reporting)
- Philippines's 52.1% is below the median for East Asia & Pacific, which is 65.2%, 80% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.5% | 10.7% | 19.4% | 10 |
| 1970s | 21.9% | 17.7% | 27.5% | 10 |
| 1980s | 21.4% | 13.1% | 32.5% | 10 |
| 1990s | 30.3% | 15.6% | 49.4% | 10 |
| 2000s | 30.7% | 27.5% | 36.3% | 10 |
| 2010s | 38.7% | 28.3% | 48.0% | 10 |
| 2020s | 50.2% | 48.3% | 52.1% | 6 |
Countries ranked near Philippines
- 66 Morocco 53.5% compare
- 67 Cape Verde 53.4% compare
- 68 North Macedonia 53.3% compare
- 70 Bolivia, Plurinational State of 51.8% compare
- 71 Saint Lucia 51.7% compare
- 72 Montenegro 50.9% 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 domestic credit to private sector by banks in Philippines?
- Domestic credit to private sector by banks in Philippines was 52.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Philippines?
- The highest recorded value was 52.1% in 2025.
- What is the lowest domestic credit to private sector by banks recorded in Philippines?
- The lowest recorded value was 10.7% in 1960.
- How does Philippines rank for domestic credit to private sector by banks?
- Philippines ranks 69th out of 187 countries with data for 2025.
- Is domestic credit to private sector by banks rising or falling in Philippines?
- Over the last ten years it is up 30.6%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.