Account, young in Philippines

Philippines: Account, young was 55.1% in 2024. ▲ Rising

Latest (2024)
55.1%
Change on year
up 37.2%
World rank
75th
of 105 countries
All-time high
55.1%
in 2024
All-time low
18.3%
in 2011
Years of data
5
2011–2024

Account, young in Philippines, 2011–2024

20304050602011201720242011: 18.3 % ages 15-242014: 19 % ages 15-242017: 23.5 % ages 15-242021: 40.2 % ages 15-242024: 55.1 % ages 15-24

Source: Global Findex database. Measured in % ages 15-24.

Analysis

The most recent figure for account, young in Philippines is 55.1%, measured in 2024. That is the highest value across all 5 years on record.

That represents a change of up 37.2% on the previous year and up 189.4% over ten years.

Over the whole period, account, young in Philippines peaked at 55.1% in 2024 and was at its lowest, 18.3%, in 2011.

Philippines ranks 75th of 105 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 20.3% 18.3% 23.5% 3
2020s 47.6% 40.2% 55.1% 2

Countries ranked near Philippines

  1. 72 Cameroon 57.2% compare
  2. 73 Congo 55.4% compare
  3. 74 Croatia 55.2% compare
  4. 76 Bolivia 53.8% compare
  5. 77 Tanzania 53.2% compare
  6. 78 Peru 53.0% compare

See the full ranking of 118 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is account, young in Philippines?
Account, young in Philippines was 55.1% in 2024, according to Global Findex database.
What is the highest account, young recorded in Philippines?
The highest recorded value was 55.1% in 2024.
What is the lowest account, young recorded in Philippines?
The lowest recorded value was 18.3% in 2011.
How does Philippines rank for account, young?
Philippines ranks 75th out of 105 countries with data for 2024.
Is account, young rising or falling in Philippines?
Over the last ten years it is up 189.4%. 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, young (% ages 15-24). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Account, young (% ages 15-24)
Unit
% ages 15-24
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 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"), young (% ages 15-24)