Financial system deposits to GDP (%) in Philippines
Philippines: Financial system deposits to GDP (%) was 77.7% in 2021. ◆ Volatile
Financial system deposits to GDP in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Philippines recorded 77.7% for financial system deposits to gdp in 2021. That is the highest value across all 62 years on record.
That represents a change of up 0.7% on the previous year and up 55.1% over ten years.
Over the whole period, financial system deposits to gdp in Philippines peaked at 77.7% in 2021 and was at its lowest, 12.4%, in 1960.
Philippines ranks 57th of 185 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Financial system deposits to GDP (%) in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 12.4% | — |
| 1961 | 14.7% | +18.7% |
| 1962 | 16.3% | +10.7% |
| 1963 | 15.8% | -3.0% |
| 1964 | 15.6% | -1.3% |
| 1965 | 15.0% | -3.6% |
| 1966 | 16.7% | +11.0% |
| 1967 | 19.6% | +17.2% |
| 1968 | 19.9% | +1.7% |
| 1969 | 19.8% | -0.7% |
| 1970 | 18.6% | -5.7% |
| 1971 | 18.2% | -2.1% |
| 1972 | 17.7% | -2.9% |
| 1973 | 18.3% | +3.4% |
| 1974 | 15.5% | -15.2% |
| 1975 | 17.2% | +11.1% |
| 1976 | 18.7% | +8.3% |
| 1977 | 20.7% | +11.0% |
| 1978 | 22.6% | +9.1% |
| 1979 | 21.4% | -5.4% |
| 1980 | 21.9% | +2.5% |
| 1981 | 22.4% | +1.9% |
| 1982 | 23.5% | +5.2% |
| 1983 | 28.2% | +20.0% |
| 1984 | 22.3% | -21.0% |
| 1985 | 22.8% | +2.4% |
| 1986 | 21.0% | -7.8% |
| 1987 | 21.0% | -0.3% |
| 1988 | 22.8% | +8.8% |
| 1989 | 25.4% | +11.4% |
| 1990 | 26.9% | +5.8% |
| 1991 | 27.8% | +3.3% |
| 1992 | 29.7% | +6.8% |
| 1993 | 35.1% | +18.2% |
| 1994 | 38.2% | +8.8% |
| 1995 | 42.8% | +12.1% |
| 1996 | 46.5% | +8.6% |
| 1997 | 52.6% | +13.1% |
| 1998 | 52.1% | -1.0% |
| 1999 | 53.1% | +2.0% |
| 2000 | 52.7% | -0.8% |
| 2001 | 51.3% | -2.6% |
| 2002 | 51.9% | +1.2% |
| 2003 | 49.9% | -3.8% |
| 2004 | 49.1% | -1.7% |
| 2005 | 47.4% | -3.5% |
| 2006 | 51.1% | +7.9% |
| 2007 | 48.1% | -5.9% |
| 2008 | 50.0% | +4.0% |
| 2009 | 52.2% | +4.3% |
| 2010 | 51.2% | -1.8% |
| 2011 | 50.1% | -2.1% |
| 2012 | 49.1% | -2.1% |
| 2013 | 59.6% | +21.3% |
| 2014 | 60.7% | +2.0% |
| 2015 | 62.6% | +3.0% |
| 2016 | 65.6% | +4.8% |
| 2017 | 66.4% | +1.3% |
| 2018 | 64.7% | -2.7% |
| 2019 | 65.9% | +2.0% |
| 2020 | 77.2% | +17.2% |
| 2021 | 77.7% | +0.7% |
Philippines compared with similar countries
- Philippines's 77.7% is above the median for upper middle income countries, which is 56.7%, 1.4× the median. (55 countries reporting)
- Philippines's 77.7% is below the median for East Asia & Pacific, which is 81.6%, 95% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.6% | 12.4% | 19.9% | 10 |
| 1970s | 18.9% | 15.5% | 22.6% | 10 |
| 1980s | 23.1% | 21.0% | 28.2% | 10 |
| 1990s | 40.5% | 26.9% | 53.1% | 10 |
| 2000s | 50.4% | 47.4% | 52.7% | 10 |
| 2010s | 59.6% | 49.1% | 66.4% | 10 |
| 2020s | 77.5% | 77.2% | 77.7% | 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 financial system deposits to gdp in Philippines?
- Financial system deposits to gdp in Philippines was 77.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Philippines?
- The highest recorded value was 77.7% in 2021.
- What is the lowest financial system deposits to gdp recorded in Philippines?
- The lowest recorded value was 12.4% in 1960.
- How does Philippines rank for financial system deposits to gdp?
- Philippines ranks 57th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Philippines?
- Over the last ten years it is up 55.1%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).