Philippines: Savings, in dollars
* indicates monthly or quarterly data series
| Philippines |
Savings, billion USD |
|---|---|
| Latest value | 119.32 |
| Year | 2023 |
| Measure | billion U.S. dollars |
| Data availability | 1981 - 2023 |
| Average | 49.35 |
| Min - Max | 6.28 - 119.66 |
| Source | The World Bank |
The latest value from 2023 is 119.32 billion U.S. dollars, an increase from 90.87 billion U.S. dollars in 2022. In comparison, the world average is 216.52 billion U.S. dollars, based on data from 123 countries. Historically, the average for the Philippines from 1981 to 2023 is 49.35 billion U.S. dollars. The minimum value, 6.28 billion U.S. dollars, was reached in 1986 while the maximum of 119.66 billion U.S. dollars was recorded in 2019.
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Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers. Data are in current U.S. dollars.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 28.18 | 2023 | percent |
| Share of manufacturing | 16.22 | 2023 | percent |
| Share of services | 62.42 | 2023 | percent |
| Industry value added | 123.19 | 2023 | billion U.S. dollars |
| Manufacturing value added | 70.90 | 2023 | billion U.S. dollars |
| Services value added | 272.88 | 2023 | billion U.S. dollars |
| Savings, percent of GDP | 27.32 | 2023 | percent |
| Savings, in dollars | 119.32 | 2023 | billion U.S. dollars |