Private credit by deposit money banks to GDP in Philippines
Philippines: Private credit by deposit money banks to GDP was 49.9% in 2021. ▲ Rising
Private credit by deposit money banks to GDP 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 to gdp in Philippines is 49.9%, measured in 2021.
Compared with earlier readings it is down 4.1% on the previous year and up 63.8% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Philippines peaked at 52.1% in 2020 and was at its lowest, 10.7%, in 1960.
That places Philippines 87th 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 to GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 10.7% | — |
| 1961 | 13.7% | +28.7% |
| 1962 | 14.7% | +7.0% |
| 1963 | 16.5% | +12.2% |
| 1964 | 18.0% | +9.4% |
| 1965 | 17.1% | -5.3% |
| 1966 | 17.4% | +2.1% |
| 1967 | 19.4% | +11.0% |
| 1968 | 19.1% | -1.6% |
| 1969 | 18.2% | -4.5% |
| 1970 | 18.0% | -0.8% |
| 1971 | 17.7% | -2.1% |
| 1972 | 19.2% | +8.9% |
| 1973 | 20.3% | +5.4% |
| 1974 | 22.0% | +8.7% |
| 1975 | 22.1% | +0.1% |
| 1976 | 22.4% | +1.8% |
| 1977 | 23.4% | +4.3% |
| 1978 | 25.9% | +10.8% |
| 1979 | 27.5% | +6.0% |
| 1980 | 27.7% | +0.7% |
| 1981 | 28.9% | +4.4% |
| 1982 | 29.4% | +1.7% |
| 1983 | 32.5% | +10.4% |
| 1984 | 21.5% | -33.7% |
| 1985 | 17.7% | -17.8% |
| 1986 | 13.1% | -26.2% |
| 1987 | 14.0% | +7.5% |
| 1988 | 14.2% | +0.9% |
| 1989 | 15.2% | +7.1% |
| 1990 | 16.8% | +11.0% |
| 1991 | 15.6% | -7.4% |
| 1992 | 17.9% | +15.1% |
| 1993 | 23.1% | +29.0% |
| 1994 | 25.5% | +10.1% |
| 1995 | 32.9% | +29.1% |
| 1996 | 42.9% | +30.5% |
| 1997 | 49.4% | +15.2% |
| 1998 | 42.0% | -15.0% |
| 1999 | 37.3% | -11.1% |
| 2000 | 35.6% | -4.6% |
| 2001 | 32.1% | -9.7% |
| 2002 | 30.0% | -6.8% |
| 2003 | 27.9% | -6.8% |
| 2004 | 27.0% | -3.2% |
| 2005 | 23.8% | -12.0% |
| 2006 | 23.1% | -3.0% |
| 2007 | 22.0% | -4.6% |
| 2008 | 27.9% | +26.6% |
| 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 | 45.6% | +6.4% |
| 2018 | 47.6% | +4.3% |
| 2019 | 48.0% | +0.9% |
| 2020 | 52.1% | +8.5% |
| 2021 | 49.9% | -4.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.5% | 10.7% | 19.4% | 10 |
| 1970s | 21.9% | 17.7% | 27.5% | 10 |
| 1980s | 21.4% | 13.1% | 32.5% | 10 |
| 1990s | 30.3% | 15.6% | 49.4% | 10 |
| 2000s | 27.7% | 22.0% | 35.6% | 10 |
| 2010s | 38.7% | 28.3% | 48.0% | 10 |
| 2020s | 51.0% | 49.9% | 52.1% | 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 to gdp in Philippines?
- Private credit by deposit money banks to gdp in Philippines was 49.9% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Philippines?
- The highest recorded value was 52.1% in 2020.
- What is the lowest private credit by deposit money banks to gdp recorded in Philippines?
- The lowest recorded value was 10.7% in 1960.
- How does Philippines rank for private credit by deposit money banks to gdp?
- Philippines ranks 87th out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Philippines?
- Over the last ten years it is up 63.8%. 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 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 (IFS line 22d); 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).