According to a survey on consumer expectations during the fourth quarter of 2023,more than 50 percent of the surveyed households in the Philippines took out loans to purchase basic goods. Meanwhile, about 27 percent of respondents applied for loans to start or expand their businesses.
Most popular purposes of loans among households in the Philippines during 4th quarter 2023
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Share of households
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BSP. (December 13, 2023). Most popular purposes of loans among households in the Philippines during 4th quarter 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/
BSP. "Most popular purposes of loans among households in the Philippines during 4th quarter 2023." Chart. December 13, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/
BSP. (2023). Most popular purposes of loans among households in the Philippines during 4th quarter 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/
BSP. "Most Popular Purposes of Loans among Households in The Philippines during 4th Quarter 2023." Statista, Statista Inc., 13 Dec 2023, https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/
BSP, Most popular purposes of loans among households in the Philippines during 4th quarter 2023 Statista, https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/ (last visited July 22, 2024)
Most popular purposes of loans among households in the Philippines during 4th quarter 2023 [Graph], BSP, December 13, 2023. [Online]. Available: https://www.statista.com/statistics/1267080/philippines-purposes-of-taking-out-loans/