The domestic credit to the private sector as a share of GDP in the Philippines saw no significant changes in 2023 in comparison to the previous year 2022 and remained at around 48.3 percent. Still, 2023 marked the third consecutive decline of the share. Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations that establish a claim for repayment. Examples include financial resources provided through loans, purchases of nonequity securities, trade credits, and other accounts receivable.
According to the source, Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises.
The source does not provide a date of publication. The date used here is the access date.
Figures prior to 2012 came from previous reporting.
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World Bank. (October 24, 2024). Domestic credit to private sector as share of GDP in the Philippines from 2013 to 2023 [Graph]. In Statista. Retrieved November 13, 2024, from https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/
World Bank. "Domestic credit to private sector as share of GDP in the Philippines from 2013 to 2023." Chart. October 24, 2024. Statista. Accessed November 13, 2024. https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/
World Bank. (2024). Domestic credit to private sector as share of GDP in the Philippines from 2013 to 2023. Statista. Statista Inc.. Accessed: November 13, 2024. https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/
World Bank. "Domestic Credit to Private Sector as Share of Gdp in The Philippines from 2013 to 2023." Statista, Statista Inc., 24 Oct 2024, https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/
World Bank, Domestic credit to private sector as share of GDP in the Philippines from 2013 to 2023 Statista, https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/ (last visited November 13, 2024)
Domestic credit to private sector as share of GDP in the Philippines from 2013 to 2023 [Graph], World Bank, October 24, 2024. [Online]. Available: https://www.statista.com/statistics/759409/domestic-credit-to-private-sector-as-share-of-gdp-philippines/
