Bank or similar financial institution account, older in Philippines

Philippines: Bank or similar financial institution account, older was 37.8% in 2024. ▲ Rising

Latest (2024)
37.8%
Change on year
down 25.3%
World rank
91st
of 106 countries
All-time high
50.6%
in 2021
All-time low
29.8%
in 2011
Years of data
5
2011–2024

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

02040602011201720242011: 29.8 % age 25+2014: 33.4 % age 25+2017: 36.7 % age 25+2021: 50.6 % age 25+2024: 37.8 % age 25+

Source: World Bank. Measured in % age 25+.

Analysis

In 2024, bank or similar financial institution account, older in Philippines stood at 37.8%.

That represents a change of down 25.3% on the previous year and up 13.2% over ten years.

Over the whole period, bank or similar financial institution account, older in Philippines peaked at 50.6% in 2021 and was at its lowest, 29.8%, in 2011.

Philippines ranks 91st of 106 countries on this measure, in the bottom quarter.

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

Annual values for Bank or similar financial institution account, older (% age 25+) in Philippines, 2011 to 2024.
Year % age 25+ Change
2011 29.8%
2014 33.4% +12.2%
2017 36.7% +9.9%
2021 50.6% +37.9%
2024 37.8% -25.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 33.3% 29.8% 36.7% 3
2020s 44.2% 37.8% 50.6% 2

Countries ranked near Philippines

  1. 88 Guatemala 39.3% compare
  2. 89 Togo 38.4% compare
  3. 90 Bangladesh 38.0% compare
  4. 92 Uganda 32.9% compare
  5. 93 Mauritania 30.6% compare
  6. 94 Gabon 30.2% compare

See the full ranking of 118 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is bank or similar financial institution account, older in Philippines?
Bank or similar financial institution account, older in Philippines was 37.8% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, older recorded in Philippines?
The highest recorded value was 50.6% in 2021.
What is the lowest bank or similar financial institution account, older recorded in Philippines?
The lowest recorded value was 29.8% in 2011.
How does Philippines rank for bank or similar financial institution account, older?
Philippines ranks 91st out of 106 countries with data for 2024.
Is bank or similar financial institution account, older rising or falling in Philippines?
Over the last ten years it is up 13.2%. 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, older (% age 25+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, older in Philippines. Statizoid. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-older-percent-age-25/philippines/

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About this data

Indicator
Bank or similar financial institution account, older (% age 25+)
Unit
% age 25+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed