Philippines—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #48 of 117Updated April 2026
Latest Value
28.9%
2023
YoY Change
+133.5%
2015 → 2023
Global Rank
#48
of 117 countries
Maximum
28.9%
2023
Minimum
12.4%
2015
CAGR
+2.0%
3 years
Last
28.9%
Previous
12.4%
Highest
28.9%
Lowest
12.4%
Source
World Bank World Development Indicators
Philippines's firms using banks to finance investment (%) was 28.9% in 2023, ranking #48 out of 117 countries. This represents a +133.5% change from 2015. Over the past 3 years, the highest recorded value was 28.9% (2023) and the lowest was 12.4% (2015). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 28.9% | +133.5% |
| 2015 | 12.4% | -43.6% |
| 2009 | 21.9% |
Top Countries — Firms Using Banks to Finance Investment (%)
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.