Financial Institutions Efficiency Index in Philippines
Philippines: Financial Institutions Efficiency Index was 0.6661 in 2020. ▬ Flat
Financial Institutions Efficiency Index in Philippines, 1980–2020
Source: International Monetary Fund.
Analysis
The most recent figure for financial institutions efficiency index in Philippines is 0.6661, measured in 2020.
The figure is down 4.3% on the previous year and up 5.0% over ten years.
Over the whole period, financial institutions efficiency index in Philippines peaked at 0.8217 in 1981 and was at its lowest, 0.4666, in 1985.
Philippines ranks 40th of 183 countries on this measure, in the top quarter.
Financial Institutions Efficiency Index in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.8155 | — |
| 1981 | 0.8217 | +0.8% |
| 1982 | 0.8004 | -2.6% |
| 1983 | 0.7069 | -11.7% |
| 1984 | 0.6187 | -12.5% |
| 1985 | 0.4666 | -24.6% |
| 1986 | 0.4917 | +5.4% |
| 1987 | 0.5979 | +21.6% |
| 1988 | 0.6504 | +8.8% |
| 1989 | 0.6214 | -4.5% |
| 1990 | 0.673 | +8.3% |
| 1991 | 0.6284 | -6.6% |
| 1992 | 0.6036 | -3.9% |
| 1993 | 0.5859 | -2.9% |
| 1994 | 0.6207 | +5.9% |
| 1995 | 0.6042 | -2.7% |
| 1996 | 0.6021 | -0.4% |
| 1997 | 0.644 | +7.0% |
| 1998 | 0.5681 | -11.8% |
| 1999 | 0.5571 | -1.9% |
| 2000 | 0.5878 | +5.5% |
| 2001 | 0.5579 | -5.1% |
| 2002 | 0.569 | +2.0% |
| 2003 | 0.6148 | +8.1% |
| 2004 | 0.6126 | -0.4% |
| 2005 | 0.6051 | -1.2% |
| 2006 | 0.6048 | -0.0% |
| 2007 | 0.597 | -1.3% |
| 2008 | 0.6245 | +4.6% |
| 2009 | 0.6253 | +0.1% |
| 2010 | 0.6346 | +1.5% |
| 2011 | 0.6514 | +2.6% |
| 2012 | 0.6563 | +0.8% |
| 2013 | 0.6634 | +1.1% |
| 2014 | 0.673 | +1.4% |
| 2015 | 0.6775 | +0.7% |
| 2016 | 0.6834 | +0.9% |
| 2017 | 0.6939 | +1.5% |
| 2018 | 0.6982 | +0.6% |
| 2019 | 0.6959 | -0.3% |
| 2020 | 0.6661 | -4.3% |
Philippines compared with similar countries
- Philippines's 0.6661 is above the median for upper middle income countries, which is 0.5976, 1.1× the median. (54 countries reporting)
- Philippines's 0.6661 is above the median for East Asia & Pacific, which is 0.6283, 1.1× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.6591 | 0.4666 | 0.8217 | 10 |
| 1990s | 0.6087 | 0.5571 | 0.673 | 10 |
| 2000s | 0.5999 | 0.5579 | 0.6253 | 10 |
| 2010s | 0.6728 | 0.6346 | 0.6982 | 10 |
| 2020s | 0.6661 | 0.6661 | 0.6661 | 1 |
Countries ranked near Philippines
- 37 Seychelles 0.6705 compare
- 38 North Macedonia 0.6698 compare
- 39 Burkina Faso 0.6687 compare
- 41 South Africa 0.666 compare
- 42 Bulgaria 0.66 compare
- 43 Uruguay 0.6589 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 financial institutions efficiency index in Philippines?
- Financial institutions efficiency index in Philippines was 0.6661 in 2020, according to International Monetary Fund.
- What is the highest financial institutions efficiency index recorded in Philippines?
- The highest recorded value was 0.8217 in 1981.
- What is the lowest financial institutions efficiency index recorded in Philippines?
- The lowest recorded value was 0.4666 in 1985.
- How does Philippines rank for financial institutions efficiency index?
- Philippines ranks 40th out of 183 countries with data for 2020.
- Is financial institutions efficiency index rising or falling in Philippines?
- Over the last ten years it is up 5.0%. The long-run trend across the full record is flat.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Efficiency Index. Statizoid updates them automatically from the source API.
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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.