Account in Philippines

Philippines: Account was 50.2% in 2024. ▲ Rising

Latest (2024)
50.2%
Change on year
down 2.3%
World rank
96th
of 118 countries
All-time high
51.4%
in 2021
All-time low
26.6%
in 2011
Years of data
5
2011–2024

Account 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. Measured in % age 15+.

Analysis

The most recent figure for account in Philippines is 50.2%, measured in 2024.

The figure is down 2.3% on the previous year and up 60.4% over ten years.

Over the whole period, account in Philippines peaked at 51.4% in 2021 and was at its lowest, 26.6%, in 2011.

Philippines ranks 96th of 118 countries on this measure, in the bottom quarter.

Account in Philippines, year by year

Annual values for Account (% age 15+) in Philippines, 2011 to 2024.
Year % age 15+ Change
2011 26.6%
2014 31.3% +17.8%
2017 34.5% +10.3%
2021 51.4% +48.9%
2024 50.2% -2.3%

Philippines compared with similar countries

  • Philippines's 50.2% is below the median for upper middle income countries, which is 70.6%, 71% of the median. (37 countries reporting)
  • Philippines's 50.2% is below the median for East Asia & Pacific, which is 94.4%, 53% of the median. (14 countries reporting)

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. 93 Benin 51.8% compare
  2. 94 Burkina Faso 51.4% compare
  3. 95 Malawi 50.4% compare
  4. 97 Zimbabwe 49.5% compare
  5. 98 Jordan 46.5% compare
  6. 99 Albania 46.1% compare

See the full ranking of 130 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is account in Philippines?
Account in Philippines was 50.2% in 2024, according to Global Findex Database.
What is the highest account recorded in Philippines?
The highest recorded value was 51.4% in 2021.
What is the lowest account recorded in Philippines?
The lowest recorded value was 26.6% in 2011.
How does Philippines rank for account?
Philippines ranks 96th out of 118 countries with data for 2024.
Is account 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, published as part of Account (% age 15+). Statizoid updates them automatically from the source API.

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Account in Philippines. Statizoid, drawing on Global Findex Database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-percent-age-15/philippines/

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About this data

Indicator
Account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
130 places, 650 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 similar financial institution (see the definition for "bank or similar financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), (% age 15+)