Philippines Domestic Credit
Domestic credit provided by financial sector as % of GDP FS.AST.DOMS.GD.ZS
Philippines's domestic credit was 98.71% in 2025, ranked 13th globally. This represents a 1.1% decrease from 2024. Data from World Bank, covering 2017–2025.
Overview
Philippines's domestic credit stood at 98.71% in 2025, a decline of +1.07% from 2024. Based on recent trends, this figure is projected to reach 98.71% by 2025. Philippines ranked 13th globally.
The Philippines' domestic credit landscape has experienced a significant upward trajectory over the past nine years, with its latest value standing at 98.71, placing it 13th globally. The country's domestic credit peaked in 2021 at 100.82, a testament to the robust economic growth witnessed during that period. Conversely, the trough was reached in 2017 with a value of 82.34, marking a period of economic stagnation. Relative to its peers, the Philippines' domestic credit ranks closely behind South Africa, which boasts a value of 99.31, and slightly behind Tunisia, which holds the top spot with 100.75. The Philippines' domestic credit has consistently increased since 2017, with a notable growth rate. However, a slowdown in global economic growth, particularly in major trading partners such as the US and China, could potentially disrupt the Philippines' domestic credit trajectory, necessitating prudent fiscal management to maintain the country's economic stability.
Data & projection
| Year | Domestic Credit | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 98.10% | - | - |
| 2026* trend | 98.41% | - | - |
| 2025* trend | 98.71% | - | - |
| 2025 | 98.71% | −1.07% | #13 |
| 2024 | 99.78% | +1.04% | #32 |
| 2023 | 98.75% | +0.21% | #38 |
| 2022 | 98.54% | −2.29% | #41 |
| 2021 | 100.82% | +0.55% | #40 |
| 2020 | 100.27% | +13.78% | #39 |
| 2019 | 86.49% | +3.64% | #40 |
| 2018 | 82.86% | +0.52% | #38 |
| 2017 | 82.34% | – | #40 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw domestic credit improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's domestic credit was 98.71% in 2025. Ranked 13th globally. This represents a 1.1% decrease from the previous year.
Philippines's domestic credit peaked at 100.82% in 2021.
The lowest domestic credit in Philippines was 82.34% in 2017.
Philippines ranks 13th globally in domestic credit as of 2025.
The World Bank indicator code is FS.AST.DOMS.GD.ZS. Data sourced from World Bank.
Philippines's domestic credit is projected to reach 98.71% by 2025 based on trend extrapolation.
The domestic credit of Philippines in 2025 was 98.71%. This ranks 13th in the world.
Cite this page
@misc{historysaid_philippines_domestic-credit,
title = {Philippines Domestic Credit},
url = {https://historysaid.com/philippines/domestic-credit/},
publisher = {HistorySaid},
year = {2026}
}