Philippines: Business credit
* indicates monthly or quarterly data series
The most recent value is 9943.93 billion Philippine Peso as of December 2024, an increase compared to the previous value of 9565.14 billion Philippine Peso. Historically, the average for the Philippines from December 2001 to December 2024 is 3757.79 billion Philippine Peso. The minimum of 1113.26 billion Philippine Peso was recorded in July 2002, while the maximum of 9943.93 billion Philippine Peso was reached in December 2024.
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* indicates monthly or quarterly data series
- Measure: billion Philippine Peso
- Source: Central Bank of the Philippines
| Recent values | Philippines: Business credit, billion currency units |
|---|---|
| 2024 Dec | 9943.93 |
| 2024 Nov | 9565.14 |
| 2024 Oct | 9444.25 |
| 2024 Sep | 9385.39 |
| 2024 Aug | 9254.8 |
| 2024 Jul | 9207.28 |
| 2024 Jun | 9164.38 |
| 2024 May | 9112.26 |
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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 | Reference | Measure |
|---|---|---|---|
| Inflation | 6.0 | 2023 | percent |
| Exchange rate regimes | 7 | 2022 | index points |
| USD exchange rate | 57.4185 | 3/2025 | Local Currency Units per USD |
| Money supply (broad money) | 17,719.16 | 1/2025 | billion |
| Consumer Price Index (CPI) | 127.8000 | 3/2025 | index points |
| Inflation, monthly | -0.23 | 3/2025 | percent |
| Inflation, annual | 1.75 | 3/2025 | percent |
| Private sector credit | 12,551.07 | Q4/2024 | billion |
| Business credit | 9,943.93 | 12/2024 | billion |
| Household credit | 2,607.15 | Q4/2024 | billion |
| Mortgage credit | 1,015.45 | Q4/2024 | billion |
| Consumer credit | 1,591.69 | 12/2024 | billion |
| Deposit interest rate | 4.74 | 11/2024 | percent |
| Policy rate | 5.75 | 2/2025 | percent |