Secondary income, Credit/Revenue (US dollar) in Philippines
Philippines: Secondary income, Credit/Revenue (US dollar) was 32.88 billion in 2024. ▲ Rising
Secondary income, Credit/Revenue in Philippines, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for secondary income, credit/revenue in Philippines is 32.88 billion, measured in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 2.0% on the previous year and up 40.2% over ten years.
Over the whole period, secondary income, credit/revenue in Philippines peaked at 32.88 billion in 2024 and was at its lowest, 11.82 billion, in 2005.
Philippines ranks 11th of 198 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 20 years of available data.
Secondary income, Credit/Revenue (US dollar) in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 11.82 billion | — |
| 2006 | 13.48 billion | +14.1% |
| 2007 | 14.63 billion | +8.5% |
| 2008 | 16.04 billion | +9.6% |
| 2009 | 16.97 billion | +5.8% |
| 2010 | 17.97 billion | +5.9% |
| 2011 | 19.04 billion | +6.0% |
| 2012 | 20.06 billion | +5.3% |
| 2013 | 21.68 billion | +8.1% |
| 2014 | 23.45 billion | +8.1% |
| 2015 | 24.09 billion | +2.7% |
| 2016 | 25.41 billion | +5.5% |
| 2017 | 26.90 billion | +5.8% |
| 2018 | 27.61 billion | +2.6% |
| 2019 | 28.75 billion | +4.1% |
| 2020 | 28.24 billion | -1.8% |
| 2021 | 30.45 billion | +7.8% |
| 2022 | 31.38 billion | +3.0% |
| 2023 | 32.22 billion | +2.7% |
| 2024 | 32.88 billion | +2.0% |
Philippines compared with similar countries
- Philippines's 32.88 billion is above the median for upper middle income countries, which is 2.37 billion, 13.9× the median. (54 countries reporting)
- Philippines's 32.88 billion is above the median for East Asia & Pacific, which is 579.41 million, 56.7× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.59 billion | 11.82 billion | 16.97 billion | 5 |
| 2010s | 23.49 billion | 17.97 billion | 28.75 billion | 10 |
| 2020s | 31.03 billion | 28.24 billion | 32.88 billion | 5 |
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 secondary income, credit/revenue in Philippines?
- Secondary income, credit/revenue in Philippines was 32.88 billion in 2024, according to International Monetary Fund.
- What is the highest secondary income, credit/revenue recorded in Philippines?
- The highest recorded value was 32.88 billion in 2024.
- What is the lowest secondary income, credit/revenue recorded in Philippines?
- The lowest recorded value was 11.82 billion in 2005.
- How does Philippines rank for secondary income, credit/revenue?
- Philippines ranks 11th out of 198 countries with data for 2024.
- Is secondary income, credit/revenue rising or falling in Philippines?
- Over the last ten years it is up 40.2%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Secondary income, Credit/Revenue (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.