Domestic credit to private sector (% of GDP) in Philippines was reported at 49.94 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Domestic credit to private sector (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2023.


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 philippines domestic credit to private sector percent of gdp wb data


Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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 financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies.


Philippines | World Bank Development Indicators