Bank or similar financial institution account, poorest 40% in Philippines

Philippines: Bank or similar financial institution account, poorest 40% was 24.5% in 2024. ▲ Rising

Latest (2024)
24.5%
Change on year
down 19.2%
World rank
86th
of 102 countries
All-time high
30.3%
in 2021
All-time low
9.9%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, poorest 40% in Philippines, 2011–2024

10152025302011201720242011: 9.9 % age 15+2014: 15.1 % age 15+2017: 17.5 % age 15+2021: 30.3 % age 15+2024: 24.5 % age 15+

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

Analysis

Philippines recorded 24.5% for bank or similar financial institution account, poorest 40% in 2024.

That represents a change of down 19.2% on the previous year and up 62.5% over ten years.

Over the whole period, bank or similar financial institution account, poorest 40% in Philippines peaked at 30.3% in 2021 and was at its lowest, 9.9%, in 2011.

That places Philippines 86th out of 102 countries with data for 2024, putting it in the bottom quarter.

Bank or similar financial institution account, poorest 40% in Philippines, year by year

Annual values for Bank or similar financial institution account, poorest 40% (% age 15+) in Philippines, 2011 to 2024.
Year % age 15+ Change
2011 9.9%
2014 15.1% +52.3%
2017 17.5% +16.3%
2021 30.3% +73.0%
2024 24.5% -19.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 14.2% 9.9% 17.5% 3
2020s 27.4% 24.5% 30.3% 2

Countries ranked near Philippines

  1. 83 Colombia 29.5% compare
  2. 84 Guatemala 28.1% compare
  3. 85 Bangladesh 24.6% compare
  4. 87 El Salvador 24.4% compare
  5. 88 Uganda 23.3% compare
  6. 89 Togo 23.0% compare

See the full ranking of 114 places →

More reference data data for Philippines

All data for Philippines →

Frequently asked questions

What is bank or similar financial institution account, poorest 40% in Philippines?
Bank or similar financial institution account, poorest 40% in Philippines was 24.5% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, poorest 40% recorded in Philippines?
The highest recorded value was 30.3% in 2021.
What is the lowest bank or similar financial institution account, poorest 40% recorded in Philippines?
The lowest recorded value was 9.9% in 2011.
How does Philippines rank for bank or similar financial institution account, poorest 40%?
Philippines ranks 86th out of 102 countries with data for 2024.
Is bank or similar financial institution account, poorest 40% rising or falling in Philippines?
Over the last ten years it is up 62.5%. 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, poorest 40% (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, poorest 40% in Philippines. Statizoid. Retrieved 08 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-poorest-40-percent-percent-age-15/philippines/

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About this data

Indicator
Bank or similar financial institution account, poorest 40% (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
114 places, 570 data points, 2011–2024
Last refreshed