Philippines: Business credit

* indicates monthly or quarterly data series

Business credit, billion currency units

 Latest value 8940.32
 Reference December 2023
 Measure billion Philippine Peso
 Data availability December 2001 - December 2023
 Average 3508.73
 Min - Max 1113.26 - 8940.32
 Source Central Bank of the Philippines
For that indicator, we provide data for the Philippines from December 2001 to December 2023. The average value for the Philippines during that period was 3508.73 billion Philippine Peso with a minimum of 1113.26 billion Philippine Peso in July 2002 and a maximum of 8940.32 billion Philippine Peso in December 2023. Click on the following link to see the values of Business credit, billion currency units around the world.
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* indicates monthly or quarterly data series

Recent values chart
Philippines - Business credit - recent values

Historical chart
Philippines - Business credit - historical chart - 2001-2023
Measure: billion Philippine Peso
Source: Central Bank of the Philippines

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Definition: Business credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms. Included are all credit institutions: domestic and foreign owned as well as private and public ones.

 Related indicators Latest value Reference Measure
 Inflation 5.8 2022 percent
 Money supply (broad money) 16,170.37 9/2023 billion
 Consumer Price Index (CPI) 123.9000 9/2023 index points
 Inflation, monthly 1.14 9/2023 percent
 Inflation, annual 6.08 9/2023 percent
 Private sector credit 10,521.51 Q3/2023 billion
 Business credit 8,419.37 9/2023 billion
 Household credit 2,102.13 Q3/2023 billion
 Mortgage credit 908.45 Q3/2023 billion
 Consumer credit 1,193.67 9/2023 billion
 Deposit interest rate 4.33 9/2023 percent
 Policy rate 6.25 9/2023 percent
 USD exchange rate 56.7789 9/2023 Local Currency Units per USD
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