Bank Deposits Statistics in Philippines (2026)
As of 2024, outstanding bank deposits in the Philippines was 55.9% of GDP, per IMF Financial Access Survey data. Down from 56.5% of GDP in 2023 to 55.9% of GDP in 2024 (−0.6 percentage points). Philippines ranks #21 of 25 economies in East Asia & Pacific on this measure, and #79 of 172 globally.
Key Statistics
- Latest value (2024)
- 55.9% of GDP (2024)
- Bank Deposits in the Philippines as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- −0.6 pp (2024)
- Down from 56.5% of GDP in 2023 to 55.9% of GDP in 2024 (−0.6 percentage points).
- Earliest value in this dataset (2004)
- 25% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 25% of GDP in 2004 to 55.9% of GDP in 2024.
- Peak value (2021)
- 59.2% of GDP (2021)
- Highest value in the available series; the 2024 value is 55.9% of GDP.
- Rank in East Asia & Pacific
- #21 of 25 (2024)
- The Philippines ranks 21 of 25 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #79 of 172 (2024)
- The Philippines ranks 79 of 172 countries with data globally.
- East Asia & Pacific average
- 117.2% of GDP (2024)
- The Philippines (55.9% of GDP) is below the average of 117.2% of GDP across the 25 countries in East Asia & Pacific with data.
- Internet use in the Philippines (2024)
- 67.3% (2024)
- 67.3% of the population in the Philippines used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 115.8 million (2024)
- The Philippines had a population of 115.8 million in 2024 (World Bank); shown for scale only.
Trend, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 55.9% | −0.6 pp |
| 2023 | 56.5% | −0.9 pp |
| 2022 | 57.5% | −1.8 pp |
| 2021 | 59.2% | +1.0 pp |
| 2020 | 58.3% | +8.8 pp |
| 2019 | 49.4% | +1.7 pp |
| 2018 | 47.7% | −1.7 pp |
| 2017 | 49.4% | +0.6 pp |
| 2016 | 48.8% | +3.7 pp |
| 2015 | 45.1% | +1.2 pp |
| 2014 | 43.9% | +0.8 pp |
| 2013 | 43.1% | +6.7 pp |
| 2012 | 36.4% | −0.8 pp |
| 2011 | 37.2% | −2.1 pp |
| 2010 | 39.4% | −0.4 pp |
| 2009 | 39.8% | +2.8 pp |
| 2008 | 37% | +10.1 pp |
| 2007 | 26.9% | −0.2 pp |
| 2006 | 27.1% | +2.9 pp |
| 2005 | 24.2% | −0.8 pp |
| 2004 | 25% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in the Philippines?
Outstanding bank deposits in the Philippines stood at 55.9% of GDP in 2024, according to IMF Financial Access Survey data.
How has bank deposits in the Philippines changed over time?
IMF Financial Access Survey data show a rise from 25% of GDP in 2004 to 55.9% of GDP in 2024.
How does the Philippines compare with other countries in East Asia & Pacific?
The Philippines ranks 21 of 25 countries in East Asia & Pacific with data, with 55.9% of GDP versus a regional average of 117.2% of GDP (latest values per country).
Where does the Philippines rank globally on bank deposits?
The Philippines ranks 79 of 172 countries with data globally, based on the latest IMF Financial Access Survey value for each country.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .