Account, out of labor force in Philippines

Philippines: Account, out of labor force was 44.3% in 2024. ▲ Rising

Latest (2024)
44.3%
Change on year
up 7.0%
World rank
71st
of 97 countries
All-time high
44.3%
in 2024
All-time low
23.2%
in 2011
Years of data
5
2011–2024

Account, out of labor force in Philippines, 2011–2024

0102030402011201720242011: 23.2 % age 15+2014: 24.1 % age 15+2017: 27.1 % age 15+2021: 41.4 % age 15+2024: 44.3 % age 15+

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

Analysis

The most recent figure for account, out of labor force in Philippines is 44.3%, measured in 2024. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 7.0% on the previous year and up 84.1% over ten years.

Over the whole period, account, out of labor force in Philippines peaked at 44.3% in 2024 and was at its lowest, 23.2%, in 2011.

That places Philippines 71st out of 97 countries with data for 2024, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 24.8% 23.2% 27.1% 3
2020s 42.9% 41.4% 44.3% 2

Countries ranked near Philippines

  1. 68 Dominican Republic 47.4% compare
  2. 69 Indonesia 47.3% compare
  3. 70 Congo 47.2% compare
  4. 72 Bolivia 43.7% compare
  5. 73 Mexico 42.8% compare
  6. 74 Nigeria 42.7% compare

See the full ranking of 110 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is account, out of labor force in Philippines?
Account, out of labor force in Philippines was 44.3% in 2024, according to Global Findex database.
What is the highest account, out of labor force recorded in Philippines?
The highest recorded value was 44.3% in 2024.
What is the lowest account, out of labor force recorded in Philippines?
The lowest recorded value was 23.2% in 2011.
How does Philippines rank for account, out of labor force?
Philippines ranks 71st out of 97 countries with data for 2024.
Is account, out of labor force rising or falling in Philippines?
Over the last ten years it is up 84.1%. 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, out of labor force (% age 15+). Statizoid updates them automatically from the source API.

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About this data

Indicator
Account, out of 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"), out of labor force (% age 15+)