Adjusted savings: net national savings in Philippines
Philippines: Adjusted savings: net national savings was 9.4% in 2021. ▲ Rising
Adjusted savings: net national savings in Philippines, 1981–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Philippines recorded 9.4% for adjusted savings: net national savings in 2021.
That represents a change of down 31.0% on the previous year and down 60.7% over ten years.
Over the whole period, adjusted savings: net national savings in Philippines peaked at 25.9% in 2010 and was at its lowest, 8.6%, in 1985.
Philippines ranks 87th of 177 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Adjusted savings: net national savings in Philippines, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1981 | 23.7% | — |
| 1982 | 21.5% | -9.5% |
| 1983 | 23.3% | +8.5% |
| 1984 | 15.2% | -34.8% |
| 1985 | 8.6% | -43.2% |
| 1986 | 9.0% | +4.2% |
| 1987 | 12.9% | +43.1% |
| 1988 | 14.6% | +13.8% |
| 1989 | 14.8% | +1.2% |
| 1990 | 15.0% | +1.4% |
| 1991 | 13.2% | -12.3% |
| 1992 | 12.5% | -4.9% |
| 1993 | 11.3% | -10.0% |
| 1994 | 13.1% | +16.7% |
| 1995 | 12.6% | -4.4% |
| 1996 | 13.2% | +4.9% |
| 1997 | 14.6% | +10.8% |
| 1998 | 18.1% | +24.2% |
| 1999 | 24.2% | +33.4% |
| 2000 | 23.0% | -4.9% |
| 2001 | 23.7% | +2.8% |
| 2002 | 24.2% | +2.3% |
| 2003 | 24.4% | +0.9% |
| 2004 | 22.7% | -7.2% |
| 2005 | 23.8% | +5.2% |
| 2006 | 23.5% | -1.3% |
| 2007 | 23.2% | -1.5% |
| 2008 | 22.6% | -2.6% |
| 2009 | 24.2% | +7.0% |
| 2010 | 25.9% | +7.0% |
| 2011 | 23.9% | -7.5% |
| 2012 | 22.7% | -5.2% |
| 2013 | 23.6% | +4.0% |
| 2014 | 24.6% | +4.2% |
| 2015 | 23.5% | -4.2% |
| 2016 | 23.3% | -1.1% |
| 2017 | 23.8% | +2.4% |
| 2018 | 22.3% | -6.5% |
| 2019 | 19.9% | -10.7% |
| 2020 | 13.6% | -31.6% |
| 2021 | 9.4% | -31.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 15.9% | 8.6% | 23.7% | 9 |
| 1990s | 14.8% | 11.3% | 24.2% | 10 |
| 2000s | 23.5% | 22.6% | 24.4% | 10 |
| 2010s | 23.3% | 19.9% | 25.9% | 10 |
| 2020s | 11.5% | 9.4% | 13.6% | 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)
- Gross capital formation (current US$), annual growth rate -1.34 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2214 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 923.43 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate -0.9755 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 12.73 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 53,102 current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate -1.69 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2093 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Philippines?
- Adjusted savings: net national savings in Philippines was 9.4% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Philippines?
- The highest recorded value was 25.9% in 2010.
- What is the lowest adjusted savings: net national savings recorded in Philippines?
- The lowest recorded value was 8.6% in 1985.
- How does Philippines rank for adjusted savings: net national savings?
- Philippines ranks 87th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Philippines?
- Over the last ten years it is down 60.7%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. 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.