Philippines: Broad money (% of GDP)

Key figures

What the numbers say

In 2022, Philippines' broad money (% of GDP) fell 4.51 percentage points on 2021 (from 90.37% to 85.86%).

Across the 30 yearly changes before that (1992 to 2021), the average change was +1.99 percentage points and a typical year strayed about 3.65 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 13.89 percentage points in 2020 and the biggest yearly fall was 5.07 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 2013 to 2022 the straight-line trend is upward, about 2.6 percentage points a year. A straight line explains 83% 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.

A straight-line projection, tested first

Extending that straight line gives about 98.84% for 2025. We show this only because the same method, fitted on earlier years, predicted 2020 to 2022 better than "no change" would have: its average miss was 6.31%, against 12.31% for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.

See how a linear trend forecast works and the guide on forecasting without fooling yourself.

How it compares

See how every economy compares in the full ranking.

Closest to Philippines in the 2022 ranking

• Viet Nam — 1st of 8: 136.26%
• Bahamas, The — 3rd of 8: 68.76%
• Peru — 4th of 8: 61.58%
• Kyrgyz Republic — 5th of 8: 43.47%

What this measures

Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 63 values

Broad money (% of GDP) in nearby economies

• Australia — 133.12% (2025)
• Brunei Darussalam — 89.15% (2025)
• Cambodia — 124.8% (2025)
• China — 227.67% (2024)
• Fiji — 90.41% (2023)
• Hong Kong SAR, China — 481.01% (2025)
• Indonesia — 42.54% (2025)
• Japan — 246.78% (2025)
• Korea, Rep. — 162.71% (2024)
• Macao SAR, China — 201.21% (2025)
• Malaysia — 120.64% (2025)
• Micronesia, Fed. Sts.

More financial sector data for Philippines

• Domestic credit to private sector by banks (% of GDP) — 52.13% (2025)
• Net domestic credit (current LCU) — 22.69 trillion (2025)
• Net foreign assets (current LCU) — 7.36 trillion (2025)
• Monetary sector credit to private sector (% of GDP) — 52.13% (2025)
• Consumer price index (2010 = 100) — 162.31 (2025)
• Inflation, consumer prices (annual % growth) — 1.66% (2025)
• Claims on central government, etc. (% of GDP) — 32.58% (2025)
• Domestic credit to private sector (% of GDP) — 52.13% (2025)
• GDP deflator (base year varies by country) — 120.58 (2025)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Philippines's broad money (% of GDP)?

85.86% in 2022, according to the World Bank (World Development Indicators).

How has it changed since 1960?

It is up 67.9 percentage points from 17.96% in 1960. The highest value was 90.49% in 2020 and the lowest 17.26% in 1975.

Is the latest change in broad money (% of GDP) unusual for Philippines?

In 2022, Philippines' broad money (% of GDP) fell 4.51 percentage points on 2021 (from 90.37% to 85.86%). Across the 30 yearly changes before that (1992 to 2021), the average change was +1.99 percentage points and a typical year strayed about 3.65 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 FM.LBL.BMNY.GD.ZS, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF); World Development Indicators Database, World Bank (WB); National Accounts data files, Organisation for Economic Co-operation and Development (OECD) 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.

Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.