Philippines Broad Money Growth
Annual growth of broad money (M2/M3 equivalent).
Broad Money Growth in the Philippines decreased to 7.82 percent in 2022 from 7.98 percent in 2021.
Philippines Broad Money Growth — History
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Philippines Broad Money Growth — analysis in simple words
Latest reading
Broad Money Growth in the Philippines decreased to 7.82 percent in 2022 from 7.98 percent in 2021.
It has fallen in each of the last three years.
Recent trend
A year earlier (2021) it was 8.0%, so the latest figure is 0.2 percentage points lower.
Over the past five years the average was 8.7%, with a range from 7.8% to 9.8%. The latest value is below that five-year average.
Historical context
This data series starts in 1961 and has 62 annual observations. The latest reading is higher than 11% of all of them.
The highest value on record is 53.0% (1983) and the lowest is 1.7% (1986). The long-run average is 15.6%.
Compared with other countries
Among 150 economies with recent data, Philippines ranks 96th from the top. The median across all these economies is 9.6%, so Philippines is below the typical country.
Within East Asia & Pacific (25 economies with data) it ranks 11th; the regional median is 7.3%.
Statistics
- Latest
- 7.8%2022
- Previous
- 8.0%
- 5-year average
- 8.7%
- Long-run average
- 15.6%since 1961
- All-time high
- 53.0%1983
- All-time low
- 1.7%1986
- Observations
- 62Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2022 | 7.8% | ▼ −0.2 pp |
| 2021 | 8.0% | ▼ −0.7 pp |
| 2020 | 8.7% | ▼ −1.2 pp |
| 2019 | 9.8% | ▲ +0.8 pp |
| 2018 | 9.0% | ▼ −2.4 pp |
| 2017 | 11.4% | ▼ −1.9 pp |
| 2016 | 13.3% | ▲ +4.1 pp |
| 2015 | 9.2% | ▼ −3.2 pp |
| 2014 | 12.4% | ▼ −16.9 pp |
| 2013 | 29.3% | ▲ +22.4 pp |
| 2012 | 7.0% | ▲ +1.7 pp |
| 2011 | 5.3% | ▼ −5.6 pp |
| 2010 | 10.9% | ▲ +2.3 pp |
| 2009 | 8.6% | ▼ −1.4 pp |
| 2008 | 10.0% | ▲ +0.4 pp |
| 2007 | 9.6% | ▼ −13.8 pp |
| 2006 | 23.5% | ▲ +16.6 pp |
| 2005 | 6.8% | ▼ −3.9 pp |
| 2004 | 10.7% | ▲ +6.4 pp |
| 2003 | 4.3% | ▼ −5.7 pp |
| 2002 | 10.0% | ▼ −0.0 pp |
| 2001 | 10.0% | ▲ +1.9 pp |
| 2000 | 8.1% | ▼ −8.8 pp |
| 1999 | 16.9% | ▲ +8.3 pp |
| 1998 | 8.6% | ▼ −14.5 pp |
| 1997 | 23.1% | ▼ −0.6 pp |
| 1996 | 23.7% | ▼ −0.1 pp |
| 1995 | 23.9% | ▼ −2.9 pp |
| 1994 | 26.7% | ▼ −1.4 pp |
| 1993 | 28.1% |
Broad Money Growth — Philippines vs Peers
Latest available reading for each economy (periods may differ). Philippines highlighted.
More Philippines indicators
Understanding Broad Money Growth — a simple guide
What it measures
The annual growth rate of broad money (currency plus deposits, roughly M2/M3).
How it is calculated
Yearly % change in broad money — cash plus bank deposits.
Growth of 10% means money in the economy rose by a tenth in a year.
Fast money growth reflects strong credit creation and liquidity.
Slow money growth points to tighter liquidity.
Why it matters for the economy and markets
Money growth reflects credit creation and liquidity conditions in the economy.
How to read it
Very fast money growth relative to GDP can precede inflation, but the link is loose in modern economies.
Data source
World Bank — World Development Indicators (series FM.LBL.BMNY.ZG), annual data from 1961 to 2022. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current broad money growth of Philippines?
What is the highest and lowest broad money growth of Philippines?
What does broad money growth measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.