Philippines Household Debt

2009 - 2023 | Quarterly | USD mn | CEIC Data

Key information about Philippines Household Debt

  • Philippines Household Debt reached 42.1 USD bn in Mar 2023, compared with the reported number of 39.8 USD bn in the previous quarter
  • Philippines Household Debt: USD mn data is updated quarterly, available from Mar 2009 to Mar 2023
  • The data reached an all-time high of 42.1 USD bn in Mar 2023 and a record low of 8.0 USD bn in Mar 2009

CEIC converts quarterly Household Debt into USD. Bangko Sentral ng Pilipinas provides Household Debt in local currency. Bangko Sentral ng Pilipinas period end market exchange rate is used for currency conversions. Loans are used due to the lack of Flow of Funds statistics.


Further information about Philippines Household Debt

  • In the latest reports, Philippines Household Debt accounted for 10.1 % of the country's Nominal GDP in Mar 2023
  • Money Supply M2 in Philippines increased 281.5 USD bn YoY in May 2023
  • Philippines Foreign Exchange Reserves was measured at 84.8 USD bn in Jun 2023
  • The Foreign Exchange Reserves equaled 7.9 Months of Import in May 2023
  • Philippines Domestic Credit reached 302.4 USD bn in May 2023, representing an increased of 11.4 % YoY

View Philippines's Household Debt from Mar 2009 to Mar 2023 in the chart:

Philippines Household Debt

What was Philippines's Household Debt in Mar 2023?

Philippines Household Debt reached 42.1 USD bn in Mar 2023, compared with the reported number of 39.8 USD bn in the previous quarter See the table below for more data.

Last Previous Min Max Unit Frequency Range
42,087.4 Mar 2023 39,805.4 Dec 2022 7,968.0 Mar 2009 42,087.4 Mar 2023 USD mn quarterly Mar 2009 - Mar 2023

Household Debt by Country Comparison

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Includes Household Debt on 89 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) 2,802.9 Jul 2023 monthly Jul 2007 - Jul 2023
Argentina (USD mn) 14,786.7 Aug 2023 monthly Jul 2002 - Aug 2023
Armenia (USD mn) 5,755.0 Jul 2023 monthly Jan 2000 - Jul 2023
Australia (USD mn) 1,964,124.4 Dec 2022 quarterly Jun 1988 - Dec 2022
Austria (USD mn) 236,071.3 Mar 2023 quarterly Mar 1999 - Mar 2023
Azerbaijan (USD mn) 7,490.6 Jul 2023 monthly Jan 2005 - Jul 2023
Belarus (USD mn) 6,252.4 Jul 2023 monthly Dec 2006 - Jul 2023
Belgium (USD mn) 365,548.5 Dec 2022 quarterly Dec 1992 - Dec 2022
Bolivia (USD mn) 5,010.0 Mar 2023 quarterly Jun 1999 - Mar 2023
Bosnia and Herzegovina (USD mn) 6,454.0 Jul 2023 monthly Aug 1997 - Jul 2023
Botswana (USD mn) 3,842.2 Mar 2023 monthly Dec 2002 - Mar 2023
Brunei (USD mn) 2,130.8 Mar 2023 quarterly Mar 2011 - Mar 2023
Bulgaria (USD mn) 23,680.7 2021 yearly 1995 - 2021
Cambodia (USD mn) 10,772.5 Jun 2023 monthly Jul 2008 - Jun 2023
Canada (USD mn) 2,163,242.1 Jun 2023 monthly Jan 1969 - Jun 2023
Chile (USD mn) 133,239.1 Jul 2023 monthly Jan 2009 - Jul 2023
China (USD mn) 10,914,419.5 May 2023 monthly Jan 2007 - May 2023
Colombia (USD mn) 70,684.7 May 2023 monthly Apr 1995 - May 2023
Croatia (USD mn) 23,656.6 Dec 2022 quarterly Mar 2012 - Dec 2022
Cyprus (USD mn) 27,517.3 2021 yearly 1995 - 2021
Czech Republic (USD mn) 119,955.2 Mar 2023 quarterly Mar 2004 - Mar 2023
Denmark (USD mn) 353,730.6 2022 yearly 1994 - 2022
Ecuador (USD mn) 18,894.8 Jul 2023 monthly Oct 2006 - Jul 2023
Egypt (USD mn) 27,483.3 Jul 2023 monthly Dec 2002 - Jul 2023
Estonia (USD mn) 14,656.3 Dec 2022 quarterly Dec 2003 - Dec 2022
European Union (USD mn) 7,313,020.2 Jul 2023 monthly Jan 1999 - Jul 2023
Finland (USD mn) 216,720.1 2022 yearly 1995 - 2022
France (USD mn) 2,111,294.3 Dec 2022 quarterly Dec 1995 - Dec 2022
Georgia (USD mn) 9,611.4 Jun 2023 monthly Oct 2003 - Jun 2023
Germany (USD mn) 2,285,627.7 Dec 2022 quarterly Mar 1991 - Dec 2022
Greece (USD mn) 111,200.2 Dec 2022 quarterly Dec 1997 - Dec 2022
Hong Kong SAR, China (USD mn) 352,307.3 Jun 2023 quarterly Mar 1982 - Jun 2023
Hungary (USD mn) 42,240.2 Jun 2023 quarterly Dec 1989 - Jun 2023
Iceland (USD mn) 20,903.2 Dec 2022 quarterly Dec 1991 - Dec 2022
India (USD mn) 440,993.6 2022 yearly 1998 - 2022
Indonesia (USD mn) 126,379.5 Jul 2023 monthly Jan 2002 - Jul 2023
Ireland (USD mn) 157,995.7 Dec 2021 quarterly Mar 2002 - Dec 2021
Israel (USD mn) 210,692.0 May 2023 monthly Sep 1992 - May 2023
Italy (USD mn) 1,103,083.6 Dec 2022 quarterly Mar 1995 - Dec 2022
Japan (USD mn) 2,886,220.7 Mar 2023 quarterly Dec 1997 - Mar 2023
Jordan (USD mn) 41,498.6 Jun 2023 monthly Jan 2002 - Jun 2023
Kazakhstan (USD mn) 36,728.3 Jul 2023 monthly Dec 1997 - Jul 2023
South Korea (USD mn) 1,742,901.9 Mar 2023 quarterly Dec 2002 - Mar 2023
Kosovo (USD mn) 1,989.3 Jul 2023 monthly Sep 2002 - Jul 2023
Kuwait (USD mn) 1,082.8 Jul 2023 monthly Jan 2002 - Jul 2023
Kyrgyzstan (USD mn) 821.2 Jul 2023 monthly Jan 1996 - Jul 2023
Latvia (USD mn) 8,294.2 Dec 2022 quarterly Mar 2004 - Dec 2022
Lithuania (USD mn) 18,471.7 Dec 2022 quarterly Mar 1995 - Dec 2022
Luxembourg (USD mn) 57,107.4 Mar 2023 quarterly Mar 1995 - Mar 2023
Macau SAR, China (USD mn) 41,973.8 Mar 2023 quarterly Dec 1998 - Mar 2023
North Macedonia (USD mn) 3,996.1 Jul 2023 monthly Jan 2003 - Jul 2023
Malawi (USD mn) 17.7 Dec 2011 monthly Jan 2006 - Dec 2011
Malaysia (USD mn) 329,848.6 2022 yearly 2002 - 2022
Malta (USD mn) 8,801.5 Jul 2023 monthly Oct 2003 - Jul 2023
Mexico (USD mn) 288,782.5 Jun 2023 quarterly Dec 2000 - Jun 2023
Mongolia (USD mn) 4,034.8 Jul 2023 monthly Jan 2004 - Jul 2023
Montenegro (USD mn) 1,791.7 Jul 2023 monthly Dec 2004 - Jul 2023
Morocco (USD mn) 34,776.1 Jul 2023 monthly Dec 2001 - Jul 2023
Netherlands (USD mn) 1,024,141.3 Mar 2023 quarterly Mar 1999 - Mar 2023
New Zealand (USD mn) 226,775.0 Jul 2023 monthly Dec 1990 - Jul 2023
Norway (USD mn) 430,059.9 Jun 2023 quarterly Dec 1995 - Jun 2023
Panama (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Peru (USD mn) 46,230.9 Jul 2023 monthly Jan 2001 - Jul 2023
Philippines (USD mn) 42,087.4 Mar 2023 quarterly Mar 2009 - Mar 2023
Poland (USD mn) 189,165.1 Dec 2022 quarterly Dec 2003 - Dec 2022
Portugal (USD mn) 190,497.6 Dec 2022 quarterly Dec 1994 - Dec 2022
Romania (USD mn) 50,609.1 Mar 2023 quarterly Mar 2007 - Mar 2023
Russia (USD mn) 352,772.5 Jul 2023 monthly Dec 2000 - Jul 2023
Saudi Arabia (USD mn) 125,029.6 Jun 2023 quarterly Mar 1998 - Jun 2023
Serbia (USD mn) 13,371.4 May 2023 monthly Dec 2003 - May 2023
Singapore (USD mn) 274,705.2 Jul 2023 monthly Mar 2004 - Jul 2023
Slovakia (USD mn) 59,230.3 Mar 2023 quarterly Mar 2004 - Mar 2023
Slovenia (USD mn) 18,245.3 Mar 2023 quarterly Mar 2004 - Mar 2023
South Africa (USD mn) 158,925.2 Dec 2022 quarterly Mar 1969 - Dec 2022
Spain (USD mn) 808,346.7 Mar 2023 quarterly Dec 1989 - Mar 2023
Sri Lanka (USD mn) 6,081.4 Mar 2023 quarterly Jun 2010 - Mar 2023
Sweden (USD mn) 524,368.4 Mar 2023 quarterly Mar 1996 - Mar 2023
Switzerland (USD mn) 1,089,387.5 2022 yearly 1999 - 2022
Syria (USD mn) 8,543.6 Dec 2011 monthly Dec 2006 - Dec 2011
Taiwan (USD mn) 710,001.8 2021 yearly 2000 - 2021
Thailand (USD mn) 436,311.8 Dec 2022 quarterly Mar 2003 - Dec 2022
Tunisia (USD mn) 14.4 Mar 2021 monthly Jan 2007 - Mar 2021
Turkey (USD mn) 80,564.3 Jul 2023 monthly Jan 1986 - Jul 2023
Ukraine (USD mn) 6,092.9 Jul 2023 monthly Dec 2002 - Jul 2023
United Arab Emirates (USD mn) 457,475.8 Apr 2023 monthly Dec 2013 - Apr 2023
United Kingdom (USD mn) 2,705,301.2 Dec 2022 quarterly Mar 1987 - Dec 2022
United States (USD mn) 17,063,000.0 Jun 2023 quarterly Mar 1999 - Jun 2023
Uruguay (USD mn) 6,856.5 May 2022 monthly Jun 2005 - May 2022
Venezuela (USD mn) 27.5 Mar 2023 monthly Jan 2004 - Mar 2023

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Philippines Key Series

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Includes 213 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
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) 483.8 Jun 2023 monthly Jan 2005 - Jun 2023
Foreign Direct Investment: % of GDP (%) 1.7 Jun 2023 quarterly Mar 2005 - Jun 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) 483.783 Jun 2023 monthly Jan 2005 - Jun 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: Japan (USD mn) 14,309.060 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: UK (USD mn) 3,227.987 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: Germany (USD mn) 880.325 Sep 2022 quarterly Mar 2005 - Sep 2022
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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