Philippines: Household credit

* indicates monthly or quarterly data series
The most recent value is 2454.03 billion Philippine Peso as of Q3 2024, an increase compared to the previous value of 2362.1 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q3 2024 is 979.25 billion Philippine Peso. The minimum of 280.67 billion Philippine Peso was recorded in Q2 2009, while the maximum of 2454.03 billion Philippine Peso was reached in Q3 2024. Click on the following link to see the values of: Household credit around the world.
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* indicates monthly or quarterly data series

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Recent values Philippines: Household credit, billion currency units
2024  Q3 2454.03
2024  Q2 2362.1
2024  Q1 2265.87
2023  Q4 2202.41
2023  Q3 2102.13
2023  Q2 1987.4
2023  Q1 1926.17
2022  Q4 1893.45


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Definition: Household credit includes credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to households. 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 58.6847 11/2024 Local Currency Units per USD
 Money supply (broad money) 16,993.91 8/2024 billion
 Consumer Price Index (CPI) 127.0000 11/2024 index points
 Inflation, monthly 0.40 11/2024 percent
 Inflation, annual 2.50 11/2024 percent
 Private sector credit 11,839.43 Q3/2024 billion
 Business credit 9,385.39 9/2024 billion
 Household credit 2,454.03 Q3/2024 billion
 Mortgage credit 980.60 Q3/2024 billion
 Consumer credit 1,473.43 9/2024 billion
 Deposit interest rate 4.56 8/2024 percent
 Policy rate 6.00 11/2024 percent
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