Philippines Domestic Credit Growth
Key information about Philippines Domestic Credit Growth
- Philippines Domestic Credit increased 10.1 % YoY in Jun 2023, compared with an increase of 11.4 % YoY in the previous month
- Philippines Domestic Credit Growth YoY data is updated monthly
- It averaged 9.9 %, available from Dec 2002 to Jun 2023
- The data reached an all-time high of 18.8 % in May 2016 and a record low of -7.9 % in Jan 2006
CEIC calculates Domestic Credit Growth from monthly Domestic Credit. Bangko Sentral ng Pilipinas provides Domestic Credit in local currency.
Further information about Philippines Domestic Credit Growth
- In the latest reports, Philippines Domestic Credit reached 310.6 USD bn in Jun 2023
- Money Supply M2 in Philippines increased to 287.2 USD bn YoY in Jun 2023
- Philippines Foreign Exchange Reserves was measured at 85.0 USD bn in Jul 2023
- The Foreign Exchange Reserves equaled 8.0 Months of Import in Jun 2023
- The country's Non Performing Loans Ratio stood at 3.4 % in Jun 2023, compared with the ratio of 3.5 % in the previous month
- Household Debt of Philippines reached 10.1 % in Mar 2023, accounting for 10.1 % of the country's Nominal GDP
View Philippines's Domestic Credit Growth from Dec 2002 to Jun 2023 in the chart:
What was Philippines's Domestic Credit Growth in Jun 2023?
Philippines Domestic Credit increased 10.1 % YoY in Jun 2023, compared with an increase of 11.4 % YoY in the previous month See the table below for more data.
Last | Previous | Min | Max | Unit | Frequency | Range |
---|---|---|---|---|---|---|
10.1 Jun 2023 | 11.4 May 2023 | -7.9 Jan 2006 | 18.8 May 2016 | % | monthly | Dec 2002 - Jun 2023 |
Domestic Credit Growth by Country Comparison
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | -0.6 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
Algeria (%) | -2.6 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Argentina (%) | 139.9 Jun 2023 | monthly | Jan 1991 - Jun 2023 |
Armenia (%) | 12.8 Jun 2023 | monthly | Dec 1994 - Jun 2023 |
Australia (%) | 1.4 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Austria (%) | 5.0 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Azerbaijan (%) | 21.2 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Bahrain (%) | 5.4 Jun 2023 | monthly | Sep 1992 - Jun 2023 |
Bangladesh (%) | 15.3 Jun 2023 | monthly | Jul 1988 - Jun 2023 |
Belarus (%) | 7.6 Jul 2023 | monthly | Dec 2007 - Jul 2023 |
Belgium (%) | 2.5 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Bolivia (%) | 8.3 Dec 2022 | monthly | Dec 2002 - Dec 2022 |
Bosnia and Herzegovina (%) | 8.6 Jun 2023 | monthly | Aug 1998 - Jun 2023 |
Botswana (%) | -0.6 Dec 2022 | quarterly | Dec 2005 - Dec 2022 |
Brazil (%) | 11.8 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Brunei (%) | -8.3 Mar 2023 | monthly | Jan 2000 - Mar 2023 |
Bulgaria (%) | 7.8 May 2023 | monthly | Dec 1994 - May 2023 |
Cambodia (%) | 9.8 Jul 2023 | monthly | Dec 1995 - Jul 2023 |
Canada (%) | 3.7 Jun 2023 | monthly | Jan 1970 - Jun 2023 |
Chile (%) | 3.9 Jun 2023 | monthly | Dec 1979 - Jun 2023 |
China (%) | 10.8 Jun 2023 | monthly | Jun 2000 - Jun 2023 |
Colombia (%) | 8.0 May 2023 | monthly | Jan 1994 - May 2023 |
Croatia (%) | 5.9 Dec 2022 | monthly | Jun 1995 - Dec 2022 |
Cyprus (%) | -10.4 Jul 2023 | monthly | Nov 2006 - Jul 2023 |
Czech Republic (%) | 9.5 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
Denmark (%) | 18.0 Sep 2022 | monthly | Dec 2002 - Sep 2022 |
Ecuador (%) | 11.8 Jul 2023 | monthly | Jan 2007 - Jul 2023 |
Egypt (%) | 34.6 Jul 2023 | monthly | Jan 1997 - Jul 2023 |
Estonia (%) | 9.5 Jun 2023 | monthly | Jun 1993 - Jun 2023 |
European Union (%) | 2.4 Jun 2023 | monthly | Sep 1998 - Jun 2023 |
Finland (%) | -1.9 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
France (%) | 2.9 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Georgia (%) | 10.7 Jul 2023 | monthly | Oct 1996 - Jul 2023 |
Germany (%) | 5.7 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Ghana (%) | 28.6 Jun 2023 | monthly | Jan 1968 - Jun 2023 |
Greece (%) | 4.6 Jun 2023 | monthly | Jan 2002 - Jun 2023 |
Hong Kong SAR, China (%) | -0.4 May 2023 | monthly | Dec 1991 - May 2023 |
Hungary (%) | 7.0 Jul 2023 | monthly | Jan 1999 - Jul 2023 |
Iceland (%) | 7.3 Jul 2023 | monthly | Sep 1994 - Jul 2023 |
India (%) | 15.6 Jun 2023 | monthly | Mar 2000 - Jun 2023 |
Indonesia (%) | 5.7 Jul 2023 | monthly | Jan 2005 - Jul 2023 |
Iran (%) | 25.8 Feb 2017 | monthly | Jan 1965 - Feb 2017 |
Ireland (%) | 1.1 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Israel (%) | 3.4 May 2023 | monthly | Dec 2000 - May 2023 |
Italy (%) | -1.3 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Ivory Coast (%) | 18.0 Jun 2023 | monthly | Jan 1965 - Jun 2023 |
Japan (%) | 2.6 Jun 2023 | monthly | Apr 2004 - Jun 2023 |
Jordan (%) | 2.6 Jul 2023 | monthly | Jan 2003 - Jul 2023 |
Kazakhstan (%) | 19.2 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Kenya (%) | 12.2 Jun 2023 | monthly | Dec 1996 - Jun 2023 |
South Korea (%) | 3.1 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Kosovo (%) | 15.5 Jul 2023 | monthly | Nov 2008 - Jul 2023 |
Kuwait (%) | 0.0 Jul 2023 | monthly | Jan 1995 - Jul 2023 |
Kyrgyzstan (%) | 17.1 Jul 2023 | monthly | Dec 2003 - Jul 2023 |
Laos (%) | 22.4 Jun 2023 | quarterly | Dec 1992 - Jun 2023 |
Latvia (%) | 9.8 Jun 2023 | monthly | Jul 2004 - Jun 2023 |
Lebanon (%) | 2.2 Jan 2018 | monthly | Mar 1966 - Jan 2018 |
Lithuania (%) | 4.9 Jun 2023 | monthly | Dec 1994 - Jun 2023 |
Luxembourg (%) | -2.6 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Macau SAR, China (%) | 15.7 Jul 2023 | monthly | Jun 1985 - Jul 2023 |
North Macedonia (%) | 7.8 Jul 2023 | monthly | Jan 2004 - Jul 2023 |
Malawi (%) | 32.7 Jun 2023 | monthly | Jan 1976 - Jun 2023 |
Malaysia (%) | 5.8 Jul 2023 | monthly | Jan 1988 - Jul 2023 |
Malta (%) | 4.1 Jul 2023 | monthly | Jan 2009 - Jul 2023 |
Mauritius (%) | 9.2 Jul 2023 | monthly | Jun 2006 - Jul 2023 |
Mexico (%) | 9.5 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Moldova (%) | 9.6 Jul 2023 | monthly | Jan 2001 - Jul 2023 |
Mongolia (%) | 1.4 Jul 2023 | monthly | Dec 1993 - Jul 2023 |
Montenegro (%) | 9.4 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
Morocco (%) | 4.9 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Mozambique (%) | 12.0 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Myanmar (%) | 16.4 Jan 2021 | monthly | Dec 2002 - Jan 2021 |
Nepal (%) | 8.8 Jul 2023 | monthly | Jan 2002 - Jul 2023 |
Netherlands (%) | 4.9 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
New Zealand (%) | 1.4 Jul 2023 | monthly | Mar 1989 - Jul 2023 |
Nigeria (%) | 44.2 Jul 2023 | monthly | Nov 1993 - Jul 2023 |
Norway (%) | 4.4 Jul 2023 | monthly | Dec 1986 - Jul 2023 |
Oman (%) | 0.2 Jun 2023 | monthly | Dec 2000 - Jun 2023 |
Pakistan (%) | 23.8 Jun 2023 | monthly | Jun 2009 - Jun 2023 |
Palestinian Territory (%) | 5.4 Jul 2023 | monthly | Dec 1999 - Jul 2023 |
Panama (%) | 5.2 Jul 2023 | monthly | Dec 2002 - Jul 2023 |
Paraguay (%) | 13.8 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Peru (%) | 11.3 Jan 2023 | monthly | Jan 1993 - Jan 2023 |
Philippines (%) | 10.1 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Poland (%) | 1.5 Jul 2023 | monthly | Dec 1997 - Jul 2023 |
Portugal (%) | 0.3 Aug 2019 | monthly | Dec 2001 - Aug 2019 |
Qatar (%) | 5.3 Jul 2023 | monthly | Jan 2008 - Jul 2023 |
Romania (%) | 8.2 Jul 2023 | monthly | Dec 2005 - Jul 2023 |
Russia (%) | 26.3 Jul 2023 | monthly | Dec 2001 - Jul 2023 |
Saudi Arabia (%) | 21.6 Dec 2017 | quarterly | Mar 1969 - Dec 2017 |
Serbia (%) | -8.9 May 2023 | monthly | Dec 2004 - May 2023 |
Singapore (%) | -3.3 Jul 2023 | monthly | Mar 2005 - Jul 2023 |
Slovakia (%) | 1.7 Jun 2023 | monthly | Jan 2007 - Jun 2023 |
Slovenia (%) | 5.7 Jun 2023 | monthly | Jan 2005 - Jun 2023 |
South Africa (%) | 8.9 Jul 2023 | monthly | Mar 1966 - Jul 2023 |
Spain (%) | -2.9 Jun 2023 | monthly | Jan 2000 - Jun 2023 |
Sri Lanka (%) | 3.0 Jul 2023 | monthly | Jan 1997 - Jul 2023 |
Sudan (%) | 82.5 Dec 2022 | quarterly | Mar 2003 - Dec 2022 |
Sweden (%) | 28.7 Sep 2022 | monthly | Dec 2002 - Sep 2022 |
Switzerland (%) | 0.7 Jun 2023 | monthly | Dec 1988 - Jun 2023 |
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Government and Public Finance | Last | Frequency | Range |
---|---|---|---|
Consolidated Fiscal Balance: % of GDP (%) | -6.4 Jun 2023 | quarterly | Dec 1985 - Jun 2023 |
Consolidated Fiscal Balance (USD mn) | -870.594 Jul 2023 | monthly | Jan 1985 - Jul 2023 |
Tax Revenue (USD mn) | 6,345.539 Jul 2023 | monthly | Jan 1985 - Jul 2023 |
Tax Revenue: % of GDP (%) | 16.0 Jun 2023 | quarterly | Mar 1985 - Jun 2023 |
National Government Debt (USD mn) | 259,709.6 Jul 2023 | monthly | Jan 1993 - Jul 2023 |
Government Debt: % of GDP (%) | 61.0 Jun 2023 | quarterly | Mar 1993 - Jun 2023 |
Forecast: Government Expenditure (PHP bn) | 9,580.303 2028 | yearly | 1989 - 2028 |
Forecast: Government Net Debt (PHP bn) | 19,729.257 2028 | yearly | 1993 - 2028 |
Forecast: Government Revenue (PHP bn) | 8,743.588 2028 | yearly | 1989 - 2028 |
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) | 499,064.000 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) | 11,143,498.000 Jul 2023 | monthly | Jan 2006 - Jul 2023 |
Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 5.556 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -4,200.9 Jul 2023 | monthly | Jan 1957 - Jul 2023 |
Total Exports (USD mn) | 6,144.7 Jul 2023 | monthly | Jan 1979 - Jul 2023 |
Total Exports Growth (%) | -1.2 Jul 2023 | monthly | Jan 1980 - Jul 2023 |
Aluminum: Exports (USD th) | 178,900.107 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 61,685.472 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 11,340.083 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 10,345.6 Jul 2023 | monthly | Jan 1979 - Jul 2023 |
Total Imports Growth (%) | -15.3 Jul 2023 | monthly | Jan 1980 - Jul 2023 |
Imports: Medicament (USD th) | 1,570,518.510 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 1,269,332.939 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 1,040.800 Jul 2023 | monthly | Jan 1978 - Jul 2023 |
Total Imports from USA (USD mn) | 687.527 Jul 2023 | monthly | Jan 1986 - Jul 2023 |
Total Exports to China (USD mn) | 999.190 Jun 2023 | monthly | Jan 1984 - Jun 2023 |
Total Imports from China (USD mn) | 2,381.118 Jun 2023 | monthly | Jan 1986 - Jun 2023 |
Imports: Metalliferous Ores and Metal Scrap (USD mn) | 83.443 Dec 2018 | monthly | Jan 2006 - Dec 2018 |
Imports: Iron and Steel (USD mn) | 382.669 Dec 2018 | monthly | Jan 2006 - Dec 2018 |
Imports: Medicinal and Pharmaceutical Products (USD mn) | 108.103 Dec 2018 | monthly | Jan 2006 - Dec 2018 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Direct Investment Abroad (USD mn) | 713.9 Mar 2023 | monthly | Jan 2005 - Mar 2023 |
Current Account Balance (USD mn) | -1,916.9 Mar 2023 | monthly | Jan 1999 - Mar 2023 |
Current Account Balance: % of GDP (%) | -4.3 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
Foreign Direct Investment (USD mn) | 487.6 May 2023 | monthly | Jan 2005 - May 2023 |
Foreign Direct Investment: % of GDP (%) | 2.0 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Foreign Portfolio Investment (USD mn) | 1,046.922 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Foreign Portfolio Investment: % of GDP (%) | 1.0 Mar 2023 | quarterly | Dec 1980 - Mar 2023 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 12.9 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
Foreign Portfolio Investment: Debt Securities (USD mn) | 341.461 Mar 2023 | quarterly | Mar 1977 - Mar 2023 |
External Debt (USD mn) | 118,811.8 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: % of GDP (%) | 27.5 2022 | yearly | 1990 - 2022 |
External Debt: Short Term (USD mn) | 17,352.9 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: Short Term: % of GDP (%) | 4.1 2022 | yearly | 2005 - 2022 |
Forecast: Current Account Balance (USD bn) | -4.417 2028 | yearly | 1980 - 2028 |
Net International Investment Position (USD mn) | -47,040.311 Mar 2023 | quarterly | Dec 2012 - Mar 2023 |
BoP: Financial Account (FA) (USD mn) | -1,788.629 Mar 2023 | monthly | Jan 2005 - Mar 2023 |
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) | 487.628 May 2023 | monthly | Jan 2005 - May 2023 |
External Debt: Medium and Long Term (USD mn) | 101,458.902 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: By Country Profile: Country: USA (USD mn) | 3,573.893 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: By Country Profile: Country: France (USD mn) | 1,102.747 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: By Country Profile: Country: UK (USD mn) | 3,227.987 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
External Debt: By Country Profile: Country: Germany (USD mn) | 880.325 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
External Debt: By Country Profile: Country: Japan (USD mn) | 14,309.060 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 3.4 Jun 2023 | monthly | Mar 2008 - Jun 2023 |
Household Debt: % of GDP (%) | 10.1 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
Non-Performing Loans (USD mn) | 7,891.416 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
Money Supply M1 (USD mn) | 116,658.567 Jun 2023 | monthly | Dec 1988 - Jun 2023 |
Money Supply M2 (USD mn) | 287,202.736 Jun 2023 | monthly | Dec 1988 - Jun 2023 |
M2 Growth (%) | 6.8 Jun 2023 | monthly | Dec 1989 - Jun 2023 |
Reserve Requirement Ratio (%) | 9.5 Jul 2023 | monthly | May 1986 - Jul 2023 |
Foreign Exchange Reserves (USD mn) | 84,777.6 Aug 2023 | monthly | Jan 1960 - Aug 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 8.2 Jul 2023 | monthly | Jan 1979 - Jul 2023 |
Gold Reserves (USD mn) | 10,231.554 Aug 2023 | monthly | Dec 1956 - Aug 2023 |
Total Deposits (USD mn) | 321,659.315 Jun 2023 | quarterly | Mar 2008 - Jun 2023 |
Total Deposits Growth (%) | 8.0 Jun 2023 | quarterly | Mar 2009 - Jun 2023 |
Domestic Credit (USD mn) | 310,580.4 Jun 2023 | monthly | Dec 2001 - Jun 2023 |
Domestic Credit Growth (%) | 10.1 Jun 2023 | monthly | Dec 2002 - Jun 2023 |
Household Debt (USD mn) | 42,087.4 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
Total Loans (USD mn) | 218,140.807 Jul 2023 | monthly | Mar 2008 - Jul 2023 |
Total Loans Growth (%) | 8.39 Jul 2023 | monthly | Mar 2009 - Jul 2023 |
Private Debt: % of Nominal GDP (%) | 46.92 Jun 2023 | quarterly | Dec 2001 - Jun 2023 |
DCS: LA: M4: M3: M2 (PHP mn) | 15,900,117.894 Jun 2023 | monthly | Dec 2001 - Jun 2023 |
DCS: LA: M4: M3 (PHP mn) | 16,350,071.283 Jun 2023 | monthly | Dec 2001 - Jun 2023 |
DCS: LA: M4: M3: M2: M1 (PHP mn) | 6,458,451.604 Jun 2023 | monthly | Dec 2001 - Jun 2023 |
DCS: Domestic Claims (DC) (PHP mn) | 17,194,352.608 Jun 2023 | monthly | Dec 2001 - Jun 2023 |
ORA: Other Reserve Assets (USD mn) | 1,552.07 Jun 2018 | monthly | Apr 2000 - Jun 2018 |
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) | 9.500 Jul 2023 | monthly | May 1986 - Jul 2023 |
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) | 2,290.774 Mar 2023 | quarterly | Mar 2009 - Mar 2023 |
Business and Economic Survey | Last | Frequency | Range |
---|---|---|---|
Global Competitiveness Index (Score) | 61.869 2019 | yearly | 2017 - 2019 |
Business Confidence Growth (% Point) | -6.8 Jun 2023 | quarterly | Jun 2002 - Jun 2023 |
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) | 95.000 2019 | yearly | 2019 - 2019 |
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