Business Investment Financing Statistics in Philippines (2026)
28.9% of firms in the Philippines used banks to finance investment in 2023, World Bank World Development Indicators data show. Up from 12.4% in 2015 to 28.9% in 2023 (+16.5 percentage points). Philippines ranks #8 of 21 economies in East Asia & Pacific on this measure, and #60 of 144 globally.
Key Statistics
- Latest value (2023)
- 28.9% (2023)
- Business Investment Financing in the Philippines as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2015
- +16.5 pp (2023)
- Up from 12.4% in 2015 to 28.9% in 2023 (+16.5 percentage points).
- Earliest value in this dataset (2009)
- 21.9% (2009)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 21.9% in 2009 to 28.9% in 2023.
- Record high (2023)
- 28.9% (2023)
- The 2023 value is the highest in the available World Bank World Development Indicators series for the Philippines.
- Rank in East Asia & Pacific
- #8 of 21 (2023)
- The Philippines ranks 8 of 21 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #60 of 144 (2023)
- The Philippines ranks 60 of 144 countries with data globally.
- East Asia & Pacific average
- 24.1% (2023)
- The Philippines (28.9%) is above the average of 24.1% across the 21 countries in East Asia & Pacific with data.
- Firms with a bank loan/line of credit (% of firms) (2023)
- 20.1% (2023)
- Related indicator from World Bank World Development Indicators.
- 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, 2009–2023
| Year | % of firms | Change |
|---|---|---|
| 2023 | 28.9% | +16.5 pp |
| 2015 | 12.4% | −9.6 pp |
| 2009 | 21.9% | — |
Frequently asked questions
What share of firms in the Philippines used banks to finance investment?
28.9% of firms in the Philippines used banks to finance investment in 2023, according to World Bank World Development Indicators data.
Where does the business investment financing data for the Philippines come from?
The data comes from the World Bank World Development Indicators (indicator IC.FRM.BNKS.ZS). The latest observation for the Philippines is from 2023; the snapshot was retrieved on 2026-06-10.
How has business investment financing in the Philippines changed over time?
World Bank World Development Indicators data show a rise from 21.9% in 2009 to 28.9% in 2023.
Source & methodology
Source: World Bank, World Development Indicators, indicator
IC.FRM.BNKS.ZS, 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 .