Account, in labor force in Philippines

Philippines: Account, in labor force was 54.1% in 2024. ▲ Rising

Latest (2024)
54.1%
Change on year
down 6.0%
World rank
88th
of 97 countries
All-time high
57.6%
in 2021
All-time low
28.8%
in 2011
Years of data
5
2011–2024

Account, in labor force in Philippines, 2011–2024

02040602011201720242011: 28.8 % age 15+2014: 36.9 % age 15+2017: 39.4 % age 15+2021: 57.6 % age 15+2024: 54.1 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

In 2024, account, in labor force in Philippines stood at 54.1%.

The figure is down 6.0% on the previous year and up 46.8% over ten years.

Over the whole period, account, in labor force in Philippines peaked at 57.6% in 2021 and was at its lowest, 28.8%, in 2011.

Philippines ranks 88th of 97 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 35.0% 28.8% 39.4% 3
2020s 55.9% 54.1% 57.6% 2

Countries ranked near Philippines

  1. 85 Benin 56.8% compare
  2. 86 Burkina Faso 55.5% compare
  3. 87 El Salvador 54.6% compare
  4. 89 Algeria 52.7% compare
  5. 90 Honduras 51.6% compare
  6. 91 Iraq 46.3% compare

See the full ranking of 110 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is account, in labor force in Philippines?
Account, in labor force in Philippines was 54.1% in 2024, according to Global Findex database.
What is the highest account, in labor force recorded in Philippines?
The highest recorded value was 57.6% in 2021.
What is the lowest account, in labor force recorded in Philippines?
The lowest recorded value was 28.8% in 2011.
How does Philippines rank for account, in labor force?
Philippines ranks 88th out of 97 countries with data for 2024.
Is account, in labor force rising or falling in Philippines?
Over the last ten years it is up 46.8%. The long-run trend across the full record is rising.
Where does this Philippines data come from?
The figures come from Global Findex database, published as part of Account, in labor force (% age 15+). Statizoid updates them automatically from the source API.

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About this data

Indicator
Account, in labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), in labor force (% age 15+)