Philippines Credit to GDP
Domestic credit to private sector as % of GDP FS.AST.PRVT.GD.ZS
Philippines's credit to gdp was 47.97% in 2025, ranked 66th globally. This represents a 3.7% decrease from 2024. Data from World Bank, covering 1960–2025.
Overview
Philippines's credit to gdp stood at 47.97% in 2025, a decline of +1.84% from 2024. Based on recent trends, this figure is projected to reach 47.97% by 2025. Philippines ranked 66th globally.
The Philippines' credit to GDP ratio has experienced significant fluctuations over the past 66 years, with a notable peak of 52.04 in 2020. This represents a substantial increase from the all-time trough of 10.68 in 1960, underscoring the country's efforts to deepen its financial sector. As of 2025, the credit to GDP ratio stands at 47.97, ranking the Philippines 66th globally. This places it above peer countries such as Burundi, which has a ratio of 48.99, but below countries like Peru with a ratio of 50.32. The Philippines' credit to GDP ratio remains relatively stable compared to other countries, indicating a strong foundation for financial growth. However, the trajectory may shift if the country's economic growth accelerates, potentially leading to increased borrowing and subsequently higher credit to GDP ratios.
Data & projection
| Year | Credit to GDP | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 46.76% | - | - |
| 2026* trend | 47.37% | - | - |
| 2025* trend | 47.97% | - | - |
| 2025 | 47.97% | −1.84% | #66 |
| 2024 | 49.81% | +1.50% | #70 |
| 2023 | 48.31% | −0.56% | #84 |
| 2022 | 48.87% | −1.07% | #90 |
| 2021 | 49.94% | −2.09% | #92 |
| 2020 | 52.04% | +4.06% | #91 |
| 2019 | 47.97% | +0.41% | #97 |
| 2018 | 47.56% | +1.96% | #96 |
| 2017 | 45.61% | +2.74% | #93 |
| 2016 | 42.86% | +2.96% | #86 |
| 2015 | 39.90% | +2.33% | #81 |
| 2014 | 37.58% | +3.24% | #78 |
| 2013 | 34.34% | +2.43% | #76 |
| 2012 | 31.91% | +1.41% | #72 |
| 2011 | 30.50% | +2.17% | #73 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw credit to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's credit to gdp was 47.97% in 2025. Ranked 66th globally. This represents a 3.7% decrease from the previous year.
Philippines's credit to gdp peaked at 52.04% in 2020.
The lowest credit to gdp in Philippines was 10.68% in 1960.
Philippines ranks 66th globally in credit to gdp as of 2025.
The World Bank indicator code is FS.AST.PRVT.GD.ZS. Data sourced from World Bank.
Philippines's credit to gdp is projected to reach 47.97% by 2025 based on trend extrapolation.
The credit to gdp of Philippines in 2025 was 47.97%. This ranks 66th in the world.
Cite this page
@misc{historysaid_philippines_credit-to-gdp,
title = {Philippines Credit to GDP},
url = {https://historysaid.com/philippines/credit-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}