Philippines: Private sector credit
* indicates monthly or quarterly data series
The most recent value is 11839.43 billion Philippine Peso as of Q3 2024, an increase compared to the previous value of 11526.48 billion Philippine Peso. Historically, the average for the Philippines from Q1 2009 to Q3 2024 is 5881.9 billion Philippine Peso. The minimum of 1836.97 billion Philippine Peso was recorded in Q1 2009, while the maximum of 11839.43 billion Philippine Peso was reached in Q3 2024.
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* indicates monthly or quarterly data series
- Measure: billion Philippine Peso
- Source: Central Bank of the Philippines
| Recent values | Philippines: Private sector credit, billion currency units |
|---|---|
| 2024 Q3 | 11839.43 |
| 2024 Q2 | 11526.48 |
| 2024 Q1 | 11220.41 |
| 2023 Q4 | 11142.73 |
| 2023 Q3 | 10521.5 |
| 2023 Q2 | 10341.04 |
| 2023 Q1 | 10136.95 |
| 2022 Q4 | 10265.97 |
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Definition: Private sector credit refers to the credit extended by commercial banks and other deposit-taking institutions (excluding central banks) to private non-financial firms and 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 |