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
90th
of 99 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 90th of 99 countries on this measure, in the bottom quarter.

Account, in labor force in Philippines, year by year

Annual values for Account, in labor force (% age 15+) in Philippines, 2011 to 2024.
Year % age 15+ Change
2011 28.8%
2014 36.9% +28.1%
2017 39.4% +6.9%
2021 57.6% +46.1%
2024 54.1% -6.0%

Philippines compared with similar countries

  • Philippines's 54.1% is below the median for upper middle income countries, which is 83.4%, 65% of the median. (33 countries reporting)
  • Philippines's 54.1% is below the median for East Asia & Pacific, which is 97.0%, 56% of the median. (11 countries reporting)

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. 87 Benin 56.8% compare
  2. 88 Burkina Faso 55.5% compare
  3. 89 El Salvador 54.6% compare
  4. 91 Algeria 52.7% compare
  5. 92 Honduras 51.6% compare
  6. 93 Iraq 46.3% compare

See the full ranking of 111 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 90th out of 99 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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Account, in labor force in Philippines. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-in-labor-force-percent-age-15/philippines/

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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
111 places, 555 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+)