Nonbank financial institutions’ assets to GDP in Philippines
Philippines: Nonbank financial institutions’ assets to GDP was 29.5% in 2021. ◆ Volatile
Nonbank financial institutions’ assets to GDP in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Philippines recorded 29.5% for nonbank financial institutions’ assets to gdp in 2021. That is the highest value across all 53 years on record.
That represents a change of up 1.5% on the previous year and up 530.1% over ten years.
Over the whole period, nonbank financial institutions’ assets to gdp in Philippines peaked at 29.5% in 2021 and was at its lowest, 2.7%, in 1986.
Philippines ranks 16th of 84 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Nonbank financial institutions’ assets to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 3.6% | — |
| 1961 | 4.8% | +33.1% |
| 1962 | 5.0% | +4.3% |
| 1963 | 5.1% | +3.5% |
| 1964 | 5.5% | +6.1% |
| 1965 | 5.6% | +2.9% |
| 1966 | 5.5% | -1.5% |
| 1967 | 6.4% | +16.4% |
| 1968 | 6.9% | +7.8% |
| 1969 | 7.5% | +8.5% |
| 1970 | 7.5% | +0.2% |
| 1971 | 7.9% | +4.5% |
| 1972 | 8.4% | +6.5% |
| 1973 | 7.3% | -12.5% |
| 1974 | 5.9% | -19.1% |
| 1975 | 7.0% | +17.1% |
| 1976 | 8.5% | +21.5% |
| 1977 | 9.4% | +10.8% |
| 1978 | 9.6% | +2.7% |
| 1979 | 9.9% | +2.6% |
| 1980 | 10.4% | +5.9% |
| 1981 | 12.3% | +17.3% |
| 1982 | 12.6% | +2.5% |
| 1983 | 13.5% | +7.6% |
| 1984 | 9.9% | -26.5% |
| 1985 | 7.1% | -28.5% |
| 1986 | 2.7% | -62.6% |
| 1987 | 2.9% | +10.1% |
| 1988 | 2.9% | +0.0% |
| 1989 | 3.1% | +6.0% |
| 1990 | 3.2% | +2.5% |
| 1991 | 3.8% | +19.1% |
| 1992 | 4.7% | +24.5% |
| 1993 | 5.5% | +17.5% |
| 1994 | 6.7% | +20.4% |
| 1995 | 7.5% | +12.0% |
| 1996 | 5.3% | -29.3% |
| 1997 | 5.2% | -1.7% |
| 1998 | 4.8% | -6.9% |
| 1999 | 4.4% | -8.9% |
| 2000 | 4.2% | -4.2% |
| 2001 | 4.2% | -0.9% |
| 2002 | 4.3% | +2.1% |
| 2003 | 4.1% | -3.5% |
| 2004 | 4.1% | -0.8% |
| 2005 | 4.3% | +4.1% |
| 2006 | 4.6% | +9.3% |
| 2007 | 4.7% | +0.8% |
| 2017 | 24.8% | +429.2% |
| 2018 | 23.1% | -6.8% |
| 2019 | 24.7% | +6.9% |
| 2020 | 29.1% | +17.7% |
| 2021 | 29.5% | +1.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.6% | 3.6% | 7.5% | 10 |
| 1970s | 8.1% | 5.9% | 9.9% | 10 |
| 1980s | 7.7% | 2.7% | 13.5% | 10 |
| 1990s | 5.1% | 3.2% | 7.5% | 10 |
| 2000s | 4.3% | 4.1% | 4.7% | 8 |
| 2010s | 24.2% | 23.1% | 24.8% | 3 |
| 2020s | 29.3% | 29.1% | 29.5% | 2 |
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 nonbank financial institutions’ assets to gdp in Philippines?
- Nonbank financial institutions’ assets to gdp in Philippines was 29.5% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest nonbank financial institutions’ assets to gdp recorded in Philippines?
- The highest recorded value was 29.5% in 2021.
- What is the lowest nonbank financial institutions’ assets to gdp recorded in Philippines?
- The lowest recorded value was 2.7% in 1986.
- How does Philippines rank for nonbank financial institutions’ assets to gdp?
- Philippines ranks 16th out of 84 countries with data for 2021.
- Is nonbank financial institutions’ assets to gdp rising or falling in Philippines?
- Over the last ten years it is up 530.1%. 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 Nonbank financial institutions’ assets to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Claims on domestic real nonfinancial sector by 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 other financial institutions' claims, 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. Nonbank financial institutions assets (IFS lines 42, a-d, h, and s); 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).