Bank or similar financial institution account, in laborforce in Philippines

Philippines: Bank or similar financial institution account, in laborforce was 38.7% in 2024. ▲ Rising

Latest (2024)
38.7%
Change on year
down 26.4%
World rank
84th
of 98 countries
All-time high
52.5%
in 2021
All-time low
28.8%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, in laborforce in Philippines, 2011–2024

02040602011201720242011: 28.8 % age 15+2014: 34.7 % age 15+2017: 37 % age 15+2021: 52.5 % age 15+2024: 38.7 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account, in laborforce in Philippines is 38.7%, measured in 2024.

That represents a change of down 26.4% on the previous year and up 11.4% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in Philippines peaked at 52.5% in 2021 and was at its lowest, 28.8%, in 2011.

That places Philippines 84th out of 98 countries with data for 2024, putting it in the bottom quarter.

Bank or similar financial institution account, in laborforce in Philippines, year by year

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in Philippines, 2011 to 2024.
Year % age 15+ Change
2011 28.8%
2014 34.7% +20.5%
2017 37.0% +6.7%
2021 52.5% +41.8%
2024 38.7% -26.4%

Averages by decade

DecadeAverage LowestHighest Years
2010s 33.5% 28.8% 37.0% 3
2020s 45.6% 38.7% 52.5% 2

Countries ranked near Philippines

  1. 81 Bangladesh 47.5% compare
  2. 82 Iraq 43.0% compare
  3. 83 Guatemala 42.2% compare
  4. 85 Togo 35.3% compare
  5. 86 Mauritania 34.5% compare
  6. 87 Lebanon 34.5% compare

See the full ranking of 110 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in Philippines?
Bank or similar financial institution account, in laborforce in Philippines was 38.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in Philippines?
The highest recorded value was 52.5% in 2021.
What is the lowest bank or similar financial institution account, in laborforce recorded in Philippines?
The lowest recorded value was 28.8% in 2011.
How does Philippines rank for bank or similar financial institution account, in laborforce?
Philippines ranks 84th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in Philippines?
Over the last ten years it is up 11.4%. The long-run trend across the full record is rising.
Where does this Philippines data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, in laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, in laborforce in Philippines. Statizoid. Retrieved 30 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/philippines/

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About this data

Indicator
Bank or similar financial institution account, in laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed