Philippines's adjusted savings, net national savings (current US$) was US$38.35 billion in 2021, the latest year in the World Bank's World Development Indicators. That is down 38.16% from US$62.02 billion in 2011 (4.69% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$38.35 billion | 2021 |
| Five years earlier | US$82.39 billion | 2016 |
| Ten years earlier | US$62.02 billion | 2011 |
| Highest | US$86.91 billion | 2017 |
| Lowest | US$2.9 billion | 1985 |
| Average since 2012 | US$73.11 billion | 2012–2021 |
| First recorded | US$9.47 billion |
What the numbers say
In 2021, Philippines' adjusted savings, net national savings (current US$) fell 27.6% on 2020 (from US$52.98 billion to US$38.35 billion).
Across the 30 yearly changes before that (1991 to 2020), the average change was +7.9% and a typical year strayed about 15.7% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 60.2% in 1987 and the biggest yearly fall was 44.2% in 1985. 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 there is no clear straight-line trend: a straight line explains 18% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
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 36th 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
- Iraq — 32nd of 132: US$41.99 billion
- Austria — 33rd of 132: US$41.3 billion
- Belgium — 34th of 132: US$41.28 billion
- Hong Kong SAR, China — 36th of 132: US$36.15 billion
- Pakistan — 37th of 132: US$34.76 billion
- Kazakhstan — 38th of 132: US$29.41 billion
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 41 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2021 | 38,352,298,603 |
| 2020 | 52,975,257,711 |
| 2019 | 82,495,131,660 |
| 2018 | 85,483,145,919 |
| 2017 | 86,911,371,722 |
| 2016 | 82,394,336,902 |
| 2015 | 80,319,977,928 |
| 2014 | 81,474,604,689 |
| 2013 | 74,770,864,232 |
| 2012 | 65,891,178,374 |
Adjusted savings, net national savings (current US$) in nearby economies
- Australia — US$134.41 billion (2021)
- Brunei Darussalam — US$5.41 billion (2021)
- Cambodia — US$4.97 billion (2021)
- China — US$3.3 trillion (2021)
- Fiji — US$169.06 million (2020)
- Hong Kong SAR, China — US$36.15 billion (2021)
- Indonesia — US$157.76 billion (2021)
- Japan — US$96.19 billion (2021)
- Kiribati — US$92.32 million (2020)
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — 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, net national savings (current US$)?
- US$38.35 billion in 2021, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is up 304.81% from US$9.47 billion in 1981 (3.56% a year on average, compounded). The highest value was US$86.91 billion in 2017 and the lowest US$2.9 billion in 1985.
- How does Philippines rank?
- 36th highest of 132 economies with data for 2021.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Philippines?
- In 2021, Philippines' adjusted savings, net national savings (current US$) fell 27.6% on 2020 (from US$52.98 billion to US$38.35 billion). Across the 30 yearly changes before that (1991 to 2020), the average change was +7.9% and a typical year strayed about 15.7% from that (the standard deviation). This year's change was 2.3 standard deviations below that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, 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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