Adjusted savings: gross savings in Philippines
Philippines: Adjusted savings: gross savings was 19.5% in 2021. ▲ Rising
Adjusted savings: gross savings in Philippines, 1981–2021
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
Philippines recorded 19.5% for adjusted savings: gross savings in 2021.
Compared with earlier readings it is down 15.4% on the previous year and down 41.4% over ten years.
Over the whole period, adjusted savings: gross savings in Philippines peaked at 35.7% in 2010 and was at its lowest, 18.9%, in 1985.
That places Philippines 108th out of 178 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Adjusted savings: gross savings in Philippines, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1981 | 30.9% | — |
| 1982 | 28.8% | -6.8% |
| 1983 | 31.3% | +8.8% |
| 1984 | 24.8% | -20.9% |
| 1985 | 18.9% | -23.7% |
| 1986 | 19.2% | +1.7% |
| 1987 | 22.5% | +17.1% |
| 1988 | 23.3% | +3.3% |
| 1989 | 22.9% | -1.7% |
| 1990 | 22.8% | -0.4% |
| 1991 | 21.1% | -7.4% |
| 1992 | 20.5% | -2.7% |
| 1993 | 20.1% | -2.2% |
| 1994 | 21.9% | +9.1% |
| 1995 | 21.3% | -2.4% |
| 1996 | 21.7% | +1.4% |
| 1997 | 22.8% | +5.2% |
| 1998 | 26.0% | +14.1% |
| 1999 | 31.7% | +22.1% |
| 2000 | 30.5% | -3.8% |
| 2001 | 31.6% | +3.5% |
| 2002 | 32.2% | +1.9% |
| 2003 | 32.5% | +1.1% |
| 2004 | 33.1% | +1.8% |
| 2005 | 34.4% | +3.8% |
| 2006 | 34.1% | -0.9% |
| 2007 | 33.7% | -1.1% |
| 2008 | 32.9% | -2.3% |
| 2009 | 34.0% | +3.3% |
| 2010 | 35.7% | +5.1% |
| 2011 | 33.3% | -6.9% |
| 2012 | 31.6% | -4.9% |
| 2013 | 32.5% | +2.8% |
| 2014 | 33.5% | +2.9% |
| 2015 | 32.0% | -4.5% |
| 2016 | 31.6% | -1.3% |
| 2017 | 32.0% | +1.3% |
| 2018 | 30.6% | -4.4% |
| 2019 | 28.9% | -5.5% |
| 2020 | 23.1% | -20.1% |
| 2021 | 19.5% | -15.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.7% | 18.9% | 31.3% | 9 |
| 1990s | 23.0% | 20.1% | 31.7% | 10 |
| 2000s | 32.9% | 30.5% | 34.4% | 10 |
| 2010s | 32.2% | 28.9% | 35.7% | 10 |
| 2020s | 21.3% | 19.5% | 23.1% | 2 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate 5.04 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3601 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 1,502 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -0.3954 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -0.7711 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 0.1244 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.94 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 20,606 current LCU per person (2025)
Frequently asked questions
- What is adjusted savings: gross savings in Philippines?
- Adjusted savings: gross savings in Philippines was 19.5% in 2021, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Philippines?
- The highest recorded value was 35.7% in 2010.
- What is the lowest adjusted savings: gross savings recorded in Philippines?
- The lowest recorded value was 18.9% in 1985.
- How does Philippines rank for adjusted savings: gross savings?
- Philippines ranks 108th out of 178 countries with data for 2021.
- Is adjusted savings: gross savings rising or falling in Philippines?
- Over the last ten years it is down 41.4%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.