Share of adults with an account at a financial institution in Philippines

Philippines: Share of adults with an account at a financial institution was 50.2% in 2024. ▲ Rising

Latest (2024)
50.2%
Change on year
down 2.3%
World rank
93rd
of 115 countries
All-time high
51.4%
in 2021
All-time low
26.6%
in 2011
Years of data
5
2011–2024

Share of adults with an account at a financial institution in Philippines, 2011–2024

02040602011201720242011: 26.6 % age 15+2014: 31.3 % age 15+2017: 34.5 % age 15+2021: 51.4 % age 15+2024: 50.2 % age 15+

Source: Global Findex Database - World Bank (2026) – processed by Our World in Data. Measured in % age 15+.

Analysis

The most recent figure for share of adults with an account at a financial institution in Philippines is 50.2%, measured in 2024.

Compared with earlier readings it is down 2.3% on the previous year and up 60.4% over ten years.

Over the whole period, share of adults with an account at a financial institution in Philippines peaked at 51.4% in 2021 and was at its lowest, 26.6%, in 2011.

Philippines ranks 93rd of 115 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 30.8% 26.6% 34.5% 3
2020s 50.8% 50.2% 51.4% 2

Countries ranked near Philippines

  1. 90 Benin 51.8% compare
  2. 91 Burkina Faso 51.4% compare
  3. 92 Malawi 50.4% compare
  4. 94 Zimbabwe 49.5% compare
  5. 95 Jordan 46.5% compare
  6. 96 Albania 46.1% compare

See the full ranking of 115 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is share of adults with an account at a financial institution in Philippines?
Share of adults with an account at a financial institution in Philippines was 50.2% in 2024, according to Global Findex Database - World Bank (2026) – processed by Our World in Data.
What is the highest share of adults with an account at a financial institution recorded in Philippines?
The highest recorded value was 51.4% in 2021.
What is the lowest share of adults with an account at a financial institution recorded in Philippines?
The lowest recorded value was 26.6% in 2011.
How does Philippines rank for share of adults with an account at a financial institution?
Philippines ranks 93rd out of 115 countries with data for 2024.
Is share of adults with an account at a financial institution rising or falling in Philippines?
Over the last ten years it is up 60.4%. The long-run trend across the full record is rising.
Where does this Philippines data come from?
The figures come from Global Findex Database - World Bank (2026) – processed by Our World in Data, published as part of Share of adults with an account at a financial institution. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Share of adults with an account at a financial institution
Unit
% age 15+
Source
Global Findex Database - World Bank (2026) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
115 places, 575 data points, 2011–2024
Last refreshed

The share of respondents aged 15 and older, who report having an account (by themselves or with someone else) at a bank or another type of financial institution.