Loans from nonresident banks (amounts outstanding) to GDP in Philippines
Philippines: Loans from nonresident banks (amounts outstanding) to GDP was 19.1% in 2021. ◆ Volatile
Loans from nonresident banks (amounts outstanding) to GDP in Philippines, 1972–2021
Source: Bank for International Settlements (BIS). Measured in %.
Analysis
In 2021, loans from nonresident banks (amounts outstanding) to gdp in Philippines stood at 19.1%.
That represents a change of down 4.2% on the previous year and up 7.6% over ten years.
Over the whole period, loans from nonresident banks (amounts outstanding) to gdp in Philippines peaked at 30.1% in 2003 and was at its lowest, 0.4%, in 1975.
Philippines ranks 67th of 136 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.
Loans from nonresident banks (amounts outstanding) to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1972 | 0.6% | — |
| 1973 | 0.4% | -20.5% |
| 1974 | 0.4% | -2.0% |
| 1975 | 0.4% | -7.5% |
| 1976 | 2.3% | +479.6% |
| 1977 | 2.6% | +11.9% |
| 1978 | 3.2% | +24.9% |
| 1979 | 3.0% | -5.4% |
| 1980 | 2.8% | -6.7% |
| 1981 | 2.6% | -7.6% |
| 1982 | 2.5% | -4.2% |
| 1983 | 2.7% | +9.0% |
| 1984 | 2.6% | -3.9% |
| 1985 | 2.7% | +1.8% |
| 1986 | 2.5% | -8.5% |
| 1987 | 2.3% | -7.0% |
| 1988 | 1.5% | -33.4% |
| 1989 | 1.0% | -33.5% |
| 1990 | 2.5% | +145.8% |
| 1991 | 2.2% | -10.6% |
| 1992 | 7.1% | +219.8% |
| 1993 | 8.8% | +24.2% |
| 1994 | 9.1% | +3.0% |
| 1995 | 8.8% | -2.7% |
| 1996 | 11.8% | +33.4% |
| 1997 | 14.8% | +25.3% |
| 1998 | 19.4% | +31.1% |
| 1999 | 20.8% | +7.4% |
| 2000 | 22.1% | +6.1% |
| 2001 | 23.4% | +5.9% |
| 2002 | 26.3% | +12.4% |
| 2003 | 30.1% | +14.6% |
| 2004 | 29.1% | -3.4% |
| 2005 | 27.3% | -6.1% |
| 2006 | 25.1% | -8.0% |
| 2007 | 20.8% | -17.1% |
| 2008 | 17.5% | -15.8% |
| 2009 | 20.6% | +17.2% |
| 2010 | 19.2% | -6.8% |
| 2011 | 17.8% | -7.2% |
| 2012 | 17.2% | -3.0% |
| 2013 | 16.3% | -5.7% |
| 2014 | 15.5% | -4.9% |
| 2015 | 16.1% | +3.8% |
| 2016 | 15.3% | -4.9% |
| 2017 | 14.8% | -3.3% |
| 2018 | 15.4% | +4.0% |
| 2019 | 14.8% | -3.4% |
| 2020 | 20.0% | +34.6% |
| 2021 | 19.1% | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.6% | 0.4% | 3.2% | 8 |
| 1980s | 2.3% | 1.0% | 2.8% | 10 |
| 1990s | 10.5% | 2.2% | 20.8% | 10 |
| 2000s | 24.2% | 17.5% | 30.1% | 10 |
| 2010s | 16.2% | 14.8% | 19.2% | 10 |
| 2020s | 19.6% | 19.1% | 20.0% | 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 loans from nonresident banks (amounts outstanding) to gdp in Philippines?
- Loans from nonresident banks (amounts outstanding) to gdp in Philippines was 19.1% in 2021, according to Bank for International Settlements (BIS).
- What is the highest loans from nonresident banks (amounts outstanding) to gdp recorded in Philippines?
- The highest recorded value was 30.1% in 2003.
- What is the lowest loans from nonresident banks (amounts outstanding) to gdp recorded in Philippines?
- The lowest recorded value was 0.4% in 1975.
- How does Philippines rank for loans from nonresident banks (amounts outstanding) to gdp?
- Philippines ranks 67th out of 136 countries with data for 2021.
- Is loans from nonresident banks (amounts outstanding) to gdp rising or falling in Philippines?
- Over the last ten years it is up 7.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Bank for International Settlements (BIS), published as part of Loans from nonresident banks (amounts outstanding) to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Ratio of outstanding offshore bank loans to GDP. An offshore bank is a bank located outside the country of residence of the depositor, typically in a low tax jurisdiction (or tax haven) that provides financial and legal advantages. Offshore bank loan data from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors.