Philippines: Financial development

The latest value from 2021 is 0.379 index points, an increase from 0.378 index points in 2020. In comparison, the world average is 0.331 index points, based on data from 178 countries. Historically, the average for the Philippines from 1980 to 2021 is 0.324 index points. The minimum value, 0.267 index points, was reached in 1980 while the maximum of 0.406 index points was recorded in 1997. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: An index for overall financial development based on the two subindexes for financial institutions development and financial markets development. See the indicator menu and Svirydzenka, Katsiaryna (IMF, 2016) for more detail.