Total Credit — Value US$, 2015 prices in Philippines
Philippines: Total Credit — Value US$, 2015 prices was 241,114 million USD in 2024. ▲ Rising
Total Credit — Value US$, 2015 prices in Philippines, 1999–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for total credit — value us$, 2015 prices in Philippines is 241,114 million USD, measured in 2024. 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 us$, 2015 prices in Philippines peaked at 241,114 million USD in 2024 and was at its lowest, 65,172 million USD, in 2002.
That places Philippines 31st out of 166 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 26 years of available data.
Total Credit — Value US$, 2015 prices in Philippines, year by year
| Year | million USD | Change |
|---|---|---|
| 1999 | 71,621 million USD | — |
| 2000 | 69,700 million USD | -2.7% |
| 2001 | 66,261 million USD | -4.9% |
| 2002 | 65,172 million USD | -1.6% |
| 2003 | 67,384 million USD | +3.4% |
| 2004 | 65,214 million USD | -3.2% |
| 2005 | 65,279 million USD | +0.1% |
| 2006 | 70,017 million USD | +7.3% |
| 2007 | 72,727 million USD | +3.9% |
| 2008 | 76,273 million USD | +4.9% |
| 2009 | 80,726 million USD | +5.8% |
| 2010 | 68,723 million USD | -14.9% |
| 2011 | 88,050 million USD | +28.1% |
| 2012 | 97,038 million USD | +10.2% |
| 2013 | 103,479 million USD | +6.6% |
| 2014 | 99,819 million USD | -3.5% |
| 2015 | 113,147 million USD | +13.4% |
| 2016 | 129,495 million USD | +14.4% |
| 2017 | 148,328 million USD | +14.5% |
| 2018 | 164,459 million USD | +10.9% |
| 2019 | 176,685 million USD | +7.4% |
| 2020 | 172,147 million USD | -2.6% |
| 2021 | 177,853 million USD | +3.3% |
| 2022 | 185,435 million USD | +4.3% |
| 2023 | 187,801 million USD | +1.3% |
| 2024 | 241,114 million USD | +28.4% |
Philippines compared with similar countries
- Philippines's 241,114 million USD is above the median for upper middle income countries, which is 10,445 million USD, 23.1× the median. (47 countries reporting)
- Philippines's 241,114 million USD is above the median for East Asia & Pacific, which is 33,471 million USD, 7.2× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 71,621 million USD | 71,621 million USD | 71,621 million USD | 1 |
| 2000s | 69,875 million USD | 65,172 million USD | 80,726 million USD | 10 |
| 2010s | 118,922 million USD | 68,723 million USD | 176,685 million USD | 10 |
| 2020s | 192,870 million USD | 172,147 million USD | 241,114 million USD | 5 |
Countries ranked near Philippines
- 28 Côte d'Ivoire 5,824 million USD compare
- 28 South Africa 333,395 million USD compare
- 29 Cabo Verde 1,197 million USD compare
- 29 Chile 294,944 million USD compare
- 30 Mexico 253,866 million USD compare
- 32 Belgium 237,757 million USD compare
- 33 Poland 221,606 million USD compare
- 34 Portugal 187,986 million USD 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)
- Share of GDP from agriculture 8.6% (2025)
- Agriculture as a share of GDP vs. GDP per capita 8.6% (2025)
- Agricultural raw materials exports 1.1% (2024)
- Agricultural raw materials imports 0.6% (2024)
Frequently asked questions
- What is total credit — value us$, 2015 prices in Philippines?
- Total credit — value us$, 2015 prices in Philippines was 241,114 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest total credit — value us$, 2015 prices recorded in Philippines?
- The highest recorded value was 241,114 million USD in 2024.
- What is the lowest total credit — value us$, 2015 prices recorded in Philippines?
- The lowest recorded value was 65,172 million USD in 2002.
- How does Philippines rank for total credit — value us$, 2015 prices?
- Philippines ranks 31st out of 166 countries with data for 2024.
- Is total credit — value us$, 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 US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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.