Bank or similar financial institution account, young in Philippines

Philippines: Bank or similar financial institution account, young was 23.1% in 2024. ▲ Rising

Latest (2024)
23.1%
Change on year
down 32.5%
World rank
87th
of 106 countries
All-time high
34.3%
in 2021
All-time low
13.9%
in 2014
Years of data
5
2011–2024

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

01020302011201720242011: 18.3 % ages 15-242014: 13.9 % ages 15-242017: 19.5 % ages 15-242021: 34.3 % ages 15-242024: 23.1 % ages 15-24

Source: World Bank. Measured in % ages 15-24.

Analysis

In 2024, bank or similar financial institution account, young in Philippines stood at 23.1%.

The figure is down 32.5% on the previous year and up 67.0% over ten years.

Over the whole period, bank or similar financial institution account, young in Philippines peaked at 34.3% in 2021 and was at its lowest, 13.9%, in 2014.

Philippines ranks 87th of 106 countries on this measure, in the bottom quarter.

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

Annual values for Bank or similar financial institution account, young (% ages 15-24) in Philippines, 2011 to 2024.
Year % ages 15-24 Change
2011 18.3%
2014 13.9% -24.4%
2017 19.5% +40.3%
2021 34.3% +76.3%
2024 23.1% -32.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 17.2% 13.9% 19.5% 3
2020s 28.7% 23.1% 34.3% 2

Countries ranked near Philippines

  1. 84 Albania 29.4% compare
  2. 85 Nicaragua 26.8% compare
  3. 86 Iraq 26.3% compare
  4. 88 Ghana 22.1% compare
  5. 89 Palestine, State of 21.6% compare
  6. 90 Mauritania 20.9% 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, young in Philippines?
Bank or similar financial institution account, young in Philippines was 23.1% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in Philippines?
The highest recorded value was 34.3% in 2021.
What is the lowest bank or similar financial institution account, young recorded in Philippines?
The lowest recorded value was 13.9% in 2014.
How does Philippines rank for bank or similar financial institution account, young?
Philippines ranks 87th out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in Philippines?
Over the last ten years it is up 67.0%. 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, 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).

Share, cite or embed this page

Cite this page

Bank or similar financial institution account, young in Philippines. Statizoid. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/philippines/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/philippines/">Bank or similar financial institution account, young in Philippines</a> — Statizoid

About this data

Indicator
Bank or similar financial institution account, young (% ages 15-24)
Unit
% ages 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed