Services, Credit/Revenue in Philippines
Philippines: Services, Credit/Revenue was 51.59 billion in 2024. ▲ Rising
Services, Credit/Revenue in Philippines, 2005–2024
Source: International Monetary Fund.
Analysis
Philippines recorded 51.59 billion for services, credit/revenue in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 6.7% on the previous year and up 102.3% over ten years.
Over the whole period, services, credit/revenue in Philippines peaked at 51.59 billion in 2024 and was at its lowest, 8.61 billion, in 2005.
Philippines ranks 34th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Services, Credit/Revenue in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 8.61 billion | — |
| 2006 | 11.06 billion | +28.5% |
| 2007 | 13.50 billion | +22.0% |
| 2008 | 13.05 billion | -3.3% |
| 2009 | 14.08 billion | +7.9% |
| 2010 | 17.78 billion | +26.3% |
| 2011 | 18.88 billion | +6.2% |
| 2012 | 20.44 billion | +8.3% |
| 2013 | 23.34 billion | +14.2% |
| 2014 | 25.50 billion | +9.3% |
| 2015 | 29.07 billion | +14.0% |
| 2016 | 31.20 billion | +7.4% |
| 2017 | 34.83 billion | +11.6% |
| 2018 | 38.40 billion | +10.2% |
| 2019 | 41.26 billion | +7.5% |
| 2020 | 31.82 billion | -22.9% |
| 2021 | 33.57 billion | +5.5% |
| 2022 | 41.12 billion | +22.5% |
| 2023 | 48.33 billion | +17.5% |
| 2024 | 51.59 billion | +6.7% |
Philippines compared with similar countries
- Philippines's 51.59 billion is above the median for upper middle income countries, which is 5.14 billion, 10.0× the median. (54 countries reporting)
- Philippines's 51.59 billion is above the median for East Asia & Pacific, which is 1.60 billion, 32.2× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.06 billion | 8.61 billion | 14.08 billion | 5 |
| 2010s | 28.07 billion | 17.78 billion | 41.26 billion | 10 |
| 2020s | 41.29 billion | 31.82 billion | 51.59 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 services, credit/revenue in Philippines?
- Services, credit/revenue in Philippines was 51.59 billion in 2024, according to International Monetary Fund.
- What is the highest services, credit/revenue recorded in Philippines?
- The highest recorded value was 51.59 billion in 2024.
- What is the lowest services, credit/revenue recorded in Philippines?
- The lowest recorded value was 8.61 billion in 2005.
- How does Philippines rank for services, credit/revenue?
- Philippines ranks 34th out of 198 countries with data for 2024.
- Is services, credit/revenue rising or falling in Philippines?
- Over the last ten years it is up 102.3%. 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 Services, 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.