Philippines: Financial markets development, access

The latest value from 2021 is 0.319 index points, a decline from 0.328 index points in 2020. In comparison, the world average is 0.361 index points, based on data from 114 countries. Historically, the average for the Philippines from 1980 to 2021 is 0.321 index points. The minimum value, 0.188 index points, was reached in 1980 while the maximum of 0.447 index points was recorded in 2004. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures access to the financial markets using principal components methodology with these variables: Percent of market capitalization outside of top 10 largest companies and Total number of issuers of debt (domestic and external, nonfinancial and financial corporations). See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.