Philippines's adjusted savings, gross savings (% of GNI) was 19.52% in 2021, the latest year in the World Bank's World Development Indicators. That is down 13.76 percentage points from 33.28% in 2011.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.52% | 2021 |
| Five years earlier | 31.55% | 2016 |
| Ten years earlier | 33.28% | 2011 |
| Highest | 35.74% | 2010 |
| Lowest | 18.92% | 1985 |
| Average since 2012 | 29.52% | 2012–2021 |
| First recorded | 30.9% | 1981 |
What the numbers say
In 2021, Philippines' adjusted savings, gross savings (% of GNI) fell 3.55 percentage points on 2020 (from 23.07% to 19.52%).
Across the 30 yearly changes before that (1991 to 2020), the average change was +0.01 percentage points and a typical year strayed about 1.97 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 5.73 percentage points in 1999 and the biggest yearly fall was 6.54 percentage points in 1984. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2012 to 2021 the straight-line trend is downward, about 1.23 percentage points a year. A straight line explains 66% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2021, Philippines had the 87th highest value of the 132 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Philippines in the 2021 ranking
What this measures
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.
Limitations: Because gross savings is calculated as a residual it includes errors, which may not be offsetting, in its components.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 41 values
| Year | Adjusted savings, gross savings (% of GNI) |
|---|---|
| 2021 | 19.52 |
| 2020 | 23.07 |
| 2019 | 28.87 |
| 2018 | 30.55 |
| 2017 | 31.96 |
| 2016 | 31.55 |
| 2015 | 31.98 |
| 2014 | 33.49 |
| 2013 | 32.53 |
| 2012 | 31.64 |
| 2011 |
Adjusted savings, gross savings (% of GNI) in nearby economies
- Australia — 26.06% (2021)
- Brunei Darussalam — 49.44% (2021)
- Cambodia — 30.17% (2021)
- China — 45.3% (2021)
- Fiji — 16.41% (2020)
- Hong Kong SAR, China — 26.99% (2021)
- Indonesia — 33.98% (2021)
- Japan — 27.08% (2021)
- Kiribati — 31.7% (2020)
- Korea, Rep. — 36.19% (2021)
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — US$110.93 billion (2025)
- Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
- Final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Philippines's adjusted savings, gross savings (% of GNI)?
- 19.52% in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is down 11.38 percentage points from 30.9% in 1981. The highest value was 35.74% in 2010 and the lowest 18.92% in 1985.
- How does Philippines rank?
- 87th highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, gross savings (% of GNI) unusual for Philippines?
- In 2021, Philippines' adjusted savings, gross savings (% of GNI) fell 3.55 percentage points on 2020 (from 23.07% to 19.52%). Across the 30 yearly changes before that (1991 to 2020), the average change was +0.01 percentage points and a typical year strayed about 1.97 percentage points from that (the standard deviation). This year's change was 1.8 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator NY.ADJ.ICTR.GN.ZS, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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