Bank or similar financial institution account, out of laborforce in Philippines

Philippines: Bank or similar financial institution account, out of laborforce was 25.9% in 2024. ▲ Rising

Latest (2024)
25.9%
Change on year
down 27.2%
World rank
79th
of 98 countries
All-time high
35.6%
in 2021
All-time low
19.5%
in 2014
Years of data
5
2011–2024

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

0102030402011201720242011: 23.2 % age 15+2014: 19.5 % age 15+2017: 23.9 % age 15+2021: 35.6 % age 15+2024: 25.9 % age 15+

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

Analysis

Philippines recorded 25.9% for bank or similar financial institution account, out of laborforce in 2024.

That represents a change of down 27.2% on the previous year and up 32.8% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in Philippines peaked at 35.6% in 2021 and was at its lowest, 19.5%, in 2014.

That places Philippines 79th out of 98 countries with data for 2024, putting it in the bottom quarter.

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

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in Philippines, 2011 to 2024.
Year % age 15+ Change
2011 23.2%
2014 19.5% -15.9%
2017 23.9% +22.6%
2021 35.6% +48.8%
2024 25.9% -27.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 22.2% 19.5% 23.9% 3
2020s 30.8% 25.9% 35.6% 2

Countries ranked near Philippines

  1. 76 Colombia 29.3% compare
  2. 77 El Salvador 29.1% compare
  3. 78 Honduras 26.9% compare
  4. 80 Albania 25.5% compare
  5. 81 Bangladesh 24.8% compare
  6. 82 Togo 24.6% 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, out of laborforce in Philippines?
Bank or similar financial institution account, out of laborforce in Philippines was 25.9% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in Philippines?
The highest recorded value was 35.6% in 2021.
What is the lowest bank or similar financial institution account, out of laborforce recorded in Philippines?
The lowest recorded value was 19.5% in 2014.
How does Philippines rank for bank or similar financial institution account, out of laborforce?
Philippines ranks 79th out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in Philippines?
Over the last ten years it is up 32.8%. 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, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in Philippines. Statizoid. Retrieved 07 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/philippines/

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About this data

Indicator
Bank or similar financial institution account, out of 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