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Philippines - Domestic Credit 2023

Name: Philippines Domestic Credit 2023
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Domestic credit provided by financial sector as % of GDP · World Bank

98.75% +0.21% from 2022 Global rank: 38th

Philippines's domestic credit was 98.75% in 2023, increased +0.21% from 98.54% in 2022. This was the 38th highest globally.

Global Ranking - 2023▾

Domestic Credit by Country - 2023
Rank	Country	Value	YoY
1st	Tajikistan	11.14%	25.9%
2nd	Angola	16.44%	9.6%
3rd	Azerbaijan	20.43%	39.5%
4th	Uzbekistan	23.78%	30.4%
5th	Rwanda	26.09%	-7.5%
6th	Nicaragua	28.05%	-13.2%
7th	Moldova	28.64%	-2.5%
8th	Uganda	32.46%	1.0%
9th	Guyana	33.98%	4.5%
10th	Papua New Guinea	36.50%	11.9%
11th	Solomon Islands	36.77%	4.9%
12th	Ukraine	39.75%	-19.2%
13th	Kazakhstan	40.05%	6.0%
14th	Botswana	42.22%	14.0%
15th	Guatemala	44.92%	-2.3%
16th	Indonesia	50.37%	-1.5%
17th	Bosnia and Herzegovina	51.82%	0.9%
18th	Dominican Republic	54.06%	6.5%
19th	Albania	55.06%	-7.8%
20th	Kenya	55.70%	0.5%
21st	Mexico	58.47%	-0.6%
22nd	Kosovo	59.08%	1.0%
23rd	Ecuador	60.80%	5.8%
24th	Samoa	61.71%	-22.9%
25th	Brunei Darussalam	61.97%	42.6%
26th	Uruguay	62.39%	10.9%
27th	Türkiye	64.68%	-10.9%
28th	Armenia	68.51%	5.4%
29th	Georgia	69.34%	4.5%
30th	North Macedonia	70.71%	-2.3%
31st	Cabo Verde	75.11%	-3.9%
32nd	Costa Rica	77.04%	-3.8%
33rd	Argentina	78.92%	90.3%
34th	Honduras	83.62%	8.4%
35th	Tunisia	97.32%	-0.2%
36th	Maldives	97.97%	5.2%
37th	Bhutan	98.09%	8.2%
38th	Philippines	98.75%	0.2%
39th	El Salvador	110.31%	1.3%
40th	South Africa	119.04%	0.4%
41st	Norway	128.18%	16.2%
42nd	Chile	130.10%	-2.1%
43rd	Morocco	136.38%	-6.9%
44th	Mauritius	139.61%	-1.0%
45th	New Zealand	158.15%	-4.4%
46th	Fiji	164.84%	-3.1%
47th	Thailand	197.44%	0.6%
48th	United States	254.07%	1.2%
49th	Japan	379.39%	-1.5%

FAQ

What was Philippines's domestic credit in 2023?▾

Philippines's domestic credit in 2023 was 98.75%. This ranked 38th globally.

How did Philippines's domestic credit change in 2023?▾

Philippines's domestic credit increased by 0.2% in 2023 compared to 2022.

Which country had the highest domestic credit in 2023?▾

Japan had the highest domestic credit in 2023 at 379.39%.

What is the domestic credit of Philippines in 2023?▾

The domestic credit of Philippines in 2023 was 98.75%. This ranked 38th globally.

How does 2023 compare to 2022 for Philippines's domestic credit?▾

Philippines's domestic credit went from 98.54% in 2022 to 98.75% in 2023, a 0.2% increase.

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