External loans and deposits of reporting banks vis-à-vis all sectors in Philippines
Philippines: External loans and deposits of reporting banks vis-à-vis all sectors was 7.8% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis all sectors in Philippines, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
Philippines recorded 7.8% for external loans and deposits of reporting banks vis-à-vis all sectors in 2021. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 13.6% on the previous year and down 52.5% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis all sectors in Philippines peaked at 37.9% in 2007 and was at its lowest, 7.8%, in 2021.
That places Philippines 155th out of 181 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 27 years of available data.
External loans and deposits of reporting banks vis-à-vis all sectors in Philippines, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 22.5% | — |
| 1996 | 19.6% | -12.8% |
| 1997 | 21.4% | +8.8% |
| 1998 | 35.3% | +65.1% |
| 1999 | 35.7% | +1.0% |
| 2000 | 29.7% | -16.6% |
| 2001 | 28.9% | -3.0% |
| 2002 | 24.9% | -13.7% |
| 2003 | 23.7% | -5.0% |
| 2004 | 24.6% | +4.0% |
| 2005 | 28.5% | +15.5% |
| 2006 | 31.6% | +10.9% |
| 2007 | 37.9% | +20.2% |
| 2008 | 20.3% | -46.6% |
| 2009 | 19.0% | -6.4% |
| 2010 | 15.9% | -16.1% |
| 2011 | 16.5% | +3.6% |
| 2012 | 9.1% | -45.0% |
| 2013 | 10.4% | +15.1% |
| 2014 | 11.6% | +10.7% |
| 2015 | 11.2% | -3.2% |
| 2016 | 11.9% | +5.9% |
| 2017 | 10.9% | -7.8% |
| 2018 | 10.3% | -5.9% |
| 2019 | 8.1% | -21.7% |
| 2020 | 9.1% | +12.4% |
| 2021 | 7.8% | -13.6% |
Philippines compared with similar countries
- Philippines's 7.8% is below the median for upper middle income countries, which is 19.1%, 41% of the median. (54 countries reporting)
- Philippines's 7.8% is below the median for East Asia & Pacific, which is 13.6%, 58% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26.9% | 19.6% | 35.7% | 5 |
| 2000s | 26.9% | 19.0% | 37.9% | 10 |
| 2010s | 11.6% | 8.1% | 16.5% | 10 |
| 2020s | 8.4% | 7.8% | 9.1% | 2 |
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 external loans and deposits of reporting banks vis-à-vis all sectors in Philippines?
- External loans and deposits of reporting banks vis-à-vis all sectors in Philippines was 7.8% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Philippines?
- The highest recorded value was 37.9% in 2007.
- What is the lowest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Philippines?
- The lowest recorded value was 7.8% in 2021.
- How does Philippines rank for external loans and deposits of reporting banks vis-à-vis all sectors?
- Philippines ranks 155th out of 181 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis all sectors rising or falling in Philippines?
- Over the last ten years it is down 52.5%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis all sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.