Country profile · Edition 1

🇵🇭Philippines

Asia

Score

50.4

Rank

40 of 46

Overview

Philippines ranks 40th of 46 economies, with a score of 50.4 out of 100. It is 8th of 11 ranked economies in Asia.

Strongest: Innovation and Public awareness (100). Weakest: Credit access (12); Credit literacy (25).

Dimension scores

Credit literacy25.0

Credit access12.0

Financial inclusion38.5

Digital banking40.3

Innovation100.0

Consumer protection83.3

Government support87.5

Financial education75.0

Youth education50.0

Public awareness100.0

Dimensions with no score are left out of the overall score, never counted as zero.

Not yet measured: Reporting transparency, Alternative infrastructure.

Survey indicators

25%25% of adults answered at least 3 of 4 financial concepts correctly (S&P Global FinLit, 2014)

12%12% of adults borrowed from a formal institution or via mobile money in the past year (Findex, 2024)

50.2%50% of adults have an account (Findex, 2024)

26.7%27% could raise emergency funds within 30 days without great difficulty (Findex, 2024)

40.3%40% of adults made or received a digital payment (Findex, 2024)

Youth education policy: nationwide

Financial education is part of the mandatory school curriculum nationwide. There is no standalone course or graduation requirement. Young people are mentioned in the national strategy but not as a priority, or the strategy has expired.

Policy dimensions record whether a policy exists, not how well it works.