Total Credit — Value Standard Local Currency, 2015 prices in Philippines
Philippines: Total Credit — Value Standard Local Currency, 2015 prices was 10.97 million million SLC in 2024. ▲ Rising
Total Credit — Value Standard Local Currency, 2015 prices in Philippines, 1999–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, total credit — value standard local currency, 2015 prices in Philippines stood at 10.97 million million SLC. That is the highest value across all 26 years on record.
The figure is up 28.4% on the previous year and up 141.6% over ten years.
Over the whole period, total credit — value standard local currency, 2015 prices in Philippines peaked at 10.97 million million SLC in 2024 and was at its lowest, 2.97 million million SLC, in 2002.
That places Philippines 22nd out of 163 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.26 million million SLC | 3.26 million million SLC | 3.26 million million SLC | 1 |
| 2000s | 3.18 million million SLC | 2.97 million million SLC | 3.67 million million SLC | 10 |
| 2010s | 5.41 million million SLC | 3.13 million million SLC | 8.04 million million SLC | 10 |
| 2020s | 8.78 million million SLC | 7.83 million million SLC | 10.97 million million SLC | 5 |
Countries ranked near Philippines
- 19 Mongolia 13.56 million million SLC compare
- 20 Kazakhstan 12.19 million million SLC compare
- 21 Guinea 11.49 million million SLC compare
- 23 Bangladesh 10.03 million million SLC compare
- 24 Hungary 7.43 million million SLC compare
- 25 Madagascar 7.10 million million SLC compare
More agriculture & rural data for Philippines
- Agriculture, forestry, and fishing, value added (current US$), annual -0.2488 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 0.0859 current US$ per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current US$), per 358.34 current US$ per person (2025)
- Rural population, annual growth rate 0.0874 % change on previous year (2025)
- Rural population, per unit of GDP 0.0001 units per US$ of GDP (2025)
- Rural population, per capita 0.4423 units per person (2025)
- Agriculture share gdp 8.59 (2025)
- Value added in the agricultural sector as of gdp vs gdp per capita 8.59 (2025)
- Agricultural raw materials exports 1.1% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is total credit — value standard local currency, 2015 prices in Philippines?
- Total credit — value standard local currency, 2015 prices in Philippines was 10.97 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value standard local currency, 2015 prices recorded in Philippines?
- The highest recorded value was 10.97 million million SLC in 2024.
- What is the lowest total credit — value standard local currency, 2015 prices recorded in Philippines?
- The lowest recorded value was 2.97 million million SLC in 2002.
- How does Philippines rank for total credit — value standard local currency, 2015 prices?
- Philippines ranks 22nd out of 163 countries with data for 2024.
- Is total credit — value standard local currency, 2015 prices rising or falling in Philippines?
- Over the last ten years it is up 141.6%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Total Credit — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
Credit to agriculture measures the amount of loans and advances given by the banking sector to farmers, rural households, agricultural cooperatives, or any other agri-related businesses. Each country’s central bank compiles its credit stocks by economic activities as part of its monetary and financial statistics publications via annual or quarterly reports online. Data collection has been carried out mostly through reports found on the central bank websites. Data are collected and compiled according to the International Standard Industrial Classification of All Economic Activities (ISIC Rev. 4: https://unstats.un.org/unsd/classifications/Econ/isic) with a special concentration on the credit to agriculture, forestry and fishing sector separately from the ones to manufacturing and services.