Philippines: Financial institutions development
* indicates monthly or quarterly data series
| Philippines |
Financial institutions development |
|---|---|
| Latest value | 0.380 |
| Year | 2021 |
| Measure | index points |
| Data availability | 1980 - 2021 |
| Average | 0.288 |
| Min - Max | 0.190 - 0.380 |
| Source | International Monetary Fund |
The latest value from 2021 is 0.38 index points, an increase from 0.371 index points in 2020. In comparison, the world average is 0.436 index points, based on data from 178 countries. Historically, the average for the Philippines from 1980 to 2021 is 0.288 index points. The minimum value, 0.19 index points, was reached in 1986 while the maximum of 0.38 index points was recorded in 2021.
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Definition: An index for overall financial institutions development based on the three subindexes for depth, access, and efficiency from the indictors menu. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Financial development | 0.379 | 2021 | index points |
| Financial institutions development | 0.380 | 2021 | index points |
| Financial institutions development, depth | 0.215 | 2021 | index points |
| Financial institutions development, access | 0.235 | 2021 | index points |
| Financial institutions development, efficiency | 0.687 | 2021 | index points |
| Financial markets development | 0.363 | 2021 | index points |
| Financial markets development, depth | 0.566 | 2021 | index points |
| Financial markets development, access | 0.319 | 2021 | index points |
| Financial markets development, efficiency | 0.148 | 2021 | index points |