Private credit by deposit money banks and other financial in Philippines
Philippines: Private credit by deposit money banks and other financial was 70.7% in 2021. ▲ Rising
Private credit by deposit money banks and other financial in Philippines, 1960–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for private credit by deposit money banks and other financial in Philippines is 70.7%, measured in 2021.
The figure is down 1.6% on the previous year and up 131.7% over ten years.
Over the whole period, private credit by deposit money banks and other financial in Philippines peaked at 71.8% in 2020 and was at its lowest, 14.3%, in 1960.
That places Philippines 55th out of 187 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 62 years of available data.
Private credit by deposit money banks and other financial in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 14.3% | — |
| 1961 | 18.5% | +29.8% |
| 1962 | 19.7% | +6.3% |
| 1963 | 21.3% | +8.2% |
| 1964 | 23.2% | +8.8% |
| 1965 | 22.2% | -4.2% |
| 1966 | 22.5% | +1.6% |
| 1967 | 25.4% | +12.8% |
| 1968 | 25.6% | +0.8% |
| 1969 | 25.4% | -0.9% |
| 1970 | 25.3% | -0.2% |
| 1971 | 25.2% | -0.8% |
| 1972 | 26.7% | +6.0% |
| 1973 | 27.1% | +1.6% |
| 1974 | 27.3% | +0.7% |
| 1975 | 27.9% | +2.2% |
| 1976 | 29.5% | +5.8% |
| 1977 | 31.5% | +6.7% |
| 1978 | 34.2% | +8.7% |
| 1979 | 36.2% | +5.8% |
| 1980 | 37.2% | +2.6% |
| 1981 | 40.2% | +8.1% |
| 1982 | 41.1% | +2.4% |
| 1983 | 45.4% | +10.3% |
| 1984 | 30.9% | -31.8% |
| 1985 | 23.7% | -23.3% |
| 1986 | 15.3% | -35.5% |
| 1987 | 16.3% | +6.5% |
| 1988 | 16.5% | +1.2% |
| 1989 | 17.9% | +8.6% |
| 1990 | 19.5% | +8.9% |
| 1991 | 18.8% | -3.6% |
| 1992 | 21.9% | +16.4% |
| 1993 | 28.0% | +27.9% |
| 1994 | 31.5% | +12.3% |
| 1995 | 39.5% | +25.4% |
| 1996 | 48.0% | +21.7% |
| 1997 | 54.4% | +13.4% |
| 1998 | 46.7% | -14.1% |
| 1999 | 41.7% | -10.8% |
| 2000 | 39.7% | -4.7% |
| 2001 | 36.3% | -8.7% |
| 2002 | 33.7% | -7.2% |
| 2003 | 31.9% | -5.1% |
| 2004 | 31.0% | -2.9% |
| 2005 | 27.9% | -10.0% |
| 2006 | 27.6% | -1.0% |
| 2007 | 26.6% | -3.6% |
| 2008 | 27.9% | +4.8% |
| 2009 | 27.9% | +0.1% |
| 2010 | 28.3% | +1.6% |
| 2011 | 30.5% | +7.6% |
| 2012 | 31.9% | +4.6% |
| 2013 | 34.3% | +7.6% |
| 2014 | 37.6% | +9.4% |
| 2015 | 39.9% | +6.2% |
| 2016 | 42.9% | +7.4% |
| 2017 | 62.3% | +45.3% |
| 2018 | 63.3% | +1.7% |
| 2019 | 64.8% | +2.3% |
| 2020 | 71.8% | +10.8% |
| 2021 | 70.7% | -1.6% |
Philippines compared with similar countries
- Philippines's 70.7% is above the median for upper middle income countries, which is 50.2%, 1.4× the median. (55 countries reporting)
- Philippines's 70.7% is below the median for East Asia & Pacific, which is 114.2%, 62% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.8% | 14.3% | 25.6% | 10 |
| 1970s | 29.1% | 25.2% | 36.2% | 10 |
| 1980s | 28.5% | 15.3% | 45.4% | 10 |
| 1990s | 35.0% | 18.8% | 54.4% | 10 |
| 2000s | 31.0% | 26.6% | 39.7% | 10 |
| 2010s | 43.6% | 28.3% | 64.8% | 10 |
| 2020s | 71.2% | 70.7% | 71.8% | 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 private credit by deposit money banks and other financial in Philippines?
- Private credit by deposit money banks and other financial in Philippines was 70.7% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks and other financial recorded in Philippines?
- The highest recorded value was 71.8% in 2020.
- What is the lowest private credit by deposit money banks and other financial recorded in Philippines?
- The lowest recorded value was 14.3% in 1960.
- How does Philippines rank for private credit by deposit money banks and other financial?
- Philippines ranks 55th out of 187 countries with data for 2021.
- Is private credit by deposit money banks and other financial rising or falling in Philippines?
- Over the last ten years it is up 131.7%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks and other financial institutions to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks and other financial institutions (IFS lines 22d and 42d); 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)