Domestic credit to private sector in Philippines
Philippines: Domestic credit to private sector was 52.0% in 2020. ▲ Rising
Domestic credit to private sector in Philippines, 1960–2020
Source: World Development Indicators (WDI), World Bank. Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector in Philippines is 52.0%, measured in 2020. That is the highest value across all 61 years on record.
The figure is up 8.5% on the previous year and up 83.7% over ten years.
Over the whole period, domestic credit to private sector in Philippines peaked at 52.0% in 2020 and was at its lowest, 10.7%, in 1960.
That places Philippines 89th out of 187 countries with data for 2020, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Domestic credit to private sector 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% | +7.6% |
| 1990 | 16.9% | +10.9% |
| 1991 | 15.6% | -7.4% |
| 1992 | 18.1% | +15.7% |
| 1993 | 23.1% | +27.9% |
| 1994 | 25.5% | +10.1% |
| 1995 | 32.9% | +29.0% |
| 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% |
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 | 30.4% | 15.6% | 49.4% | 10 |
| 2000s | 30.7% | 27.5% | 36.3% | 10 |
| 2010s | 38.7% | 28.3% | 48.0% | 10 |
| 2020s | 52.0% | 52.0% | 52.0% | 1 |
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 domestic credit to private sector in Philippines?
- Domestic credit to private sector in Philippines was 52.0% in 2020, according to World Development Indicators (WDI), World Bank.
- What is the highest domestic credit to private sector recorded in Philippines?
- The highest recorded value was 52.0% in 2020.
- What is the lowest domestic credit to private sector recorded in Philippines?
- The lowest recorded value was 10.7% in 1960.
- How does Philippines rank for domestic credit to private sector?
- Philippines ranks 89th out of 187 countries with data for 2020.
- Is domestic credit to private sector rising or falling in Philippines?
- Over the last ten years it is up 83.7%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from World Development Indicators (WDI), World Bank, published as part of Domestic credit to private sector (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Domestic credit to private sector refers to financial resources provided to the private sector, 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.