Financial Institutions Efficiency Index in Philippines
Philippines: Financial Institutions Efficiency Index was 0.6661 in 2020. β¬ Flat
Financial Institutions Efficiency Index in Philippines, 1980β2020
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.
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
- 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)
- Domestic credit to private sector by banks 52.1% (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.