Financial Development Index in Philippines
Philippines: Financial Development Index was 0.3712 in 2020. β² Rising
Financial Development Index in Philippines, 1980β2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial development index in Philippines is 0.3712, measured in 2020.
The figure is up 5.0% on the previous year and up 18.1% over ten years.
Over the whole period, financial development index in Philippines peaked at 0.4114 in 1997 and was at its lowest, 0.2684, in 1980.
Philippines ranks 60th of 183 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.2947 | 0.2684 | 0.3289 | 10 |
| 1990s | 0.3402 | 0.2919 | 0.4114 | 10 |
| 2000s | 0.3105 | 0.2968 | 0.3448 | 10 |
| 2010s | 0.344 | 0.3142 | 0.361 | 10 |
| 2020s | 0.3712 | 0.3712 | 0.3712 | 1 |
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 financial development index in Philippines?
- Financial development index in Philippines was 0.3712 in 2020, according to International Monetary Fund.
- What is the highest financial development index recorded in Philippines?
- The highest recorded value was 0.4114 in 1997.
- What is the lowest financial development index recorded in Philippines?
- The lowest recorded value was 0.2684 in 1980.
- How does Philippines rank for financial development index?
- Philippines ranks 60th out of 183 countries with data for 2020.
- Is financial development index rising or falling in Philippines?
- Over the last ten years it is up 18.1%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Financial Development Index. Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.