Philippines's net domestic credit (current LCU) was 22.69 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 188.62% from 7.86 trillion in 2015 (11.18% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.69 trillion | 2025 |
| Five years earlier | 13.94 trillion | 2020 |
| Ten years earlier | 7.86 trillion | 2015 |
| Highest | 22.69 trillion | 2025 |
| Lowest | 2.74 billion | 1960 |
| Average since 2016 | 15.29 trillion | 2016–2025 |
| First recorded | 2.74 billion |
What the numbers say
In 2025, Philippines' net domestic credit (current LCU) rose 10.5% on 2024 (from 20.52 trillion to 22.69 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +11.7% and a typical year strayed about 8.8% from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 133.5% in 1993 and the biggest yearly fall was 14.7% in 1986. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is upward, about 1.43 trillion a year. A straight line explains 98% 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 25.69 trillion for 2028. We show this only because the same method, fitted on earlier years, predicted 2023 to 2025 better than "no change" would have: its average miss was 1.73 trillion, against 3.6 trillion 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
In 2025, Philippines had the 21st highest value of the 104 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 2025 ranking
- Bangladesh — 18th of 104: 28.53 trillion
- Algeria — 19th of 104: 28.47 trillion
- Thailand — 20th of 104: 27.91 trillion
- Côte d'Ivoire — 22nd of 104: 22.11 trillion
- Egypt, Arab Rep. — 23rd of 104: 18.29 trillion
- Angola — 24th of 104: 17.9 trillion
What this measures
Net domestic credit is the sum of net claims on the central government and claims on other sectors of the domestic economy. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 66 values
| Year | Net domestic credit (current LCU) |
|---|---|
| 2025 | 22,685,814,405,056 |
| 2024 | 20,524,534,299,674 |
| 2023 | 18,591,396,648,273 |
| 2022 | 17,002,141,098,829 |
| 2021 | 15,082,402,805,874 |
| 2020 | 13,942,931,484,877 |
| 2019 | 13,318,197,764,921 |
| 2018 | 12,034,839,343,307 |
| 2017 | 10,476,875,195,488 |
| 2016 | 9,199,854,112,429 |
Net domestic credit (current LCU) in nearby economies
- Australia — 5.96 trillion (2025)
- Brunei Darussalam — 6.91 billion (2025)
- Cambodia — 224.95 trillion (2025)
- China — 353.25 trillion (2024)
- Fiji — 12.36 billion (2025)
- Hong Kong SAR, China — 8.18 trillion (2025)
- Indonesia — 11,424.3 trillion (2025)
- Japan — 1,834.69 trillion (2025)
- Korea, Rep. — 5,011.73 trillion (2024)
- Macao SAR, China — 171.42 billion (2025)
- Malaysia
More financial sector data for Philippines
- Domestic credit to private sector by banks (% of GDP) — 52.13% (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)
- DEC alternative conversion factor (LCU per US$) — US$57.51 (2025)
Reading data like this
Questions people ask
- What is Philippines's net domestic credit (current LCU)?
- 22.69 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 829,060% from 2.74 billion in 1960 (14.89% a year on average, compounded). The highest value was 22.69 trillion in 2025 and the lowest 2.74 billion in 1960.
- How does Philippines rank?
Source
World Bank, World Development Indicators, indicator FM.AST.DOMS.CN, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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.
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