Philippines - Domestic Credit 2024
99.78%
+1.04% from 2023
Philippines's domestic credit was 99.78% in 2024, increased +1.04% from 98.75% in 2023. This was the 32nd highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Angola | 14.63% | -11.0% |
| 2nd | Azerbaijan | 21.01% | 2.8% |
| 3rd | Rwanda | 24.52% | -6.0% |
| 4th | Nicaragua | 26.57% | -5.3% |
| 5th | Guyana | 27.72% | -18.4% |
| 6th | Moldova | 32.04% | 11.8% |
| 7th | Uganda | 33.98% | 4.7% |
| 8th | Solomon Islands | 36.28% | -1.3% |
| 9th | Argentina | 39.71% | -49.7% |
| 10th | Kazakhstan | 42.15% | 5.2% |
| 11th | Guatemala | 43.56% | -3.0% |
| 12th | Indonesia | 50.10% | -0.5% |
| 13th | Botswana | 50.95% | 20.7% |
| 14th | Bosnia and Herzegovina | 53.93% | 4.1% |
| 15th | Samoa | 55.47% | -10.1% |
| 16th | Albania | 56.36% | 2.4% |
| 17th | Dominican Republic | 57.69% | 6.7% |
| 18th | Türkiye | 57.99% | -10.3% |
| 19th | Ecuador | 61.79% | 1.6% |
| 20th | Mexico | 63.01% | 7.8% |
| 21st | Kosovo | 64.43% | 9.1% |
| 22nd | Brunei Darussalam | 65.08% | 5.0% |
| 23rd | Cabo Verde | 69.70% | -7.2% |
| 24th | Georgia | 73.02% | 5.3% |
| 25th | North Macedonia | 73.72% | 4.3% |
| 26th | Bhutan | 76.62% | -21.9% |
| 27th | Costa Rica | 77.27% | 0.3% |
| 28th | Armenia | 78.77% | 15.0% |
| 29th | Honduras | 85.23% | 1.9% |
| 30th | Maldives | 98.10% | 0.1% |
| 31st | Tunisia | 99.57% | 2.3% |
| 32nd | Philippines | 99.78% | 1.1% |
| 33rd | El Salvador | 111.39% | 1.0% |
| 34th | Chile | 126.53% | -2.7% |
| 35th | Norway | 129.75% | 1.2% |
| 36th | Fiji | 162.82% | -1.2% |
| 37th | Thailand | 196.48% | -0.5% |
| 38th | United States | 261.30% | 2.8% |
| 39th | Japan | 371.83% | -2.0% |
FAQ
What was Philippines's domestic credit in 2024?▾
Philippines's domestic credit in 2024 was 99.78%. This ranked 32nd globally.
How did Philippines's domestic credit change in 2024?▾
Philippines's domestic credit increased by 1.1% in 2024 compared to 2023.
Which country had the highest domestic credit in 2024?▾
Japan had the highest domestic credit in 2024 at 371.83%.
What is the domestic credit of Philippines in 2024?▾
The domestic credit of Philippines in 2024 was 99.78%. This ranked 32nd globally.
How does 2024 compare to 2023 for Philippines's domestic credit?▾
Philippines's domestic credit went from 98.75% in 2023 to 99.78% in 2024, a 1.1% increase.
Related
2023
2025
All years
Full ranking 2024
External Debt
External Debt to GNI
Short-term Debt
Debt Service
Interest Payments to Revenue
Peak: 2021
Lowest: 2017
Domestic Credit 1990s
Domestic Credit 2000s
Domestic Credit 2010s
Domestic Credit 2020s
Highest ever
Lowest ever
Average
vs Bhutan
vs Djibouti
vs Eswatini
vs Sri Lanka
ASEAN Domestic Credit
Global Ranking