Philippines: Nonbank financial institutions assets to GDP

The latest value from 2021 is 29.51 percent, an increase from 29.07 percent in 2020. In comparison, the world average is 18.06 percent, based on data from 46 countries. Historically, the average for the Philippines from 1960 to 2021 is 8.14 percent. The minimum value, 2.66 percent, was reached in 1986 while the maximum of 29.51 percent was recorded in 2021. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: ...Claims on domestic real nonfinancial sector by other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is other financial institutions' claims, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the IMF’s International Financial Statistics.