Gross savings in Philippines
Philippines: Gross savings was 30.1% in 2025. ▲ Rising
Gross savings in Philippines, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Philippines recorded 30.1% for gross savings in 2025.
That represents a change of up 3.4% on the previous year and down 15.5% over ten years.
Over the whole period, gross savings in Philippines peaked at 39.8% in 2010 and was at its lowest, 18.2%, in 1985.
Philippines ranks 39th of 177 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 45 years of available data.
Gross savings in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | 30.5% | — |
| 1982 | 28.1% | -7.9% |
| 1983 | 30.6% | +9.0% |
| 1984 | 23.8% | -22.4% |
| 1985 | 18.2% | -23.4% |
| 1986 | 18.5% | +1.6% |
| 1987 | 21.8% | +17.9% |
| 1988 | 22.6% | +3.8% |
| 1989 | 22.2% | -2.0% |
| 1990 | 22.4% | +1.2% |
| 1991 | 21.0% | -6.4% |
| 1992 | 20.7% | -1.4% |
| 1993 | 20.4% | -1.7% |
| 1994 | 22.4% | +10.2% |
| 1995 | 21.9% | -2.2% |
| 1996 | 22.4% | +2.1% |
| 1997 | 23.9% | +6.7% |
| 1998 | 29.6% | +23.9% |
| 1999 | 36.0% | +21.4% |
| 2000 | 33.4% | -7.2% |
| 2001 | 34.6% | +3.7% |
| 2002 | 35.3% | +1.9% |
| 2003 | 35.6% | +1.0% |
| 2004 | 36.2% | +1.7% |
| 2005 | 37.8% | +4.3% |
| 2006 | 37.2% | -1.4% |
| 2007 | 36.8% | -1.3% |
| 2008 | 36.0% | -2.0% |
| 2009 | 37.9% | +5.3% |
| 2010 | 39.8% | +4.8% |
| 2011 | 36.9% | -7.2% |
| 2012 | 35.1% | -4.7% |
| 2013 | 36.4% | +3.5% |
| 2014 | 37.3% | +2.7% |
| 2015 | 35.6% | -4.6% |
| 2016 | 35.1% | -1.6% |
| 2017 | 35.5% | +1.2% |
| 2018 | 33.8% | -4.7% |
| 2019 | 31.8% | -6.1% |
| 2020 | 24.8% | -21.8% |
| 2021 | 20.2% | -18.6% |
| 2022 | 22.5% | +11.2% |
| 2023 | 27.3% | +21.7% |
| 2024 | 29.1% | +6.6% |
| 2025 | 30.1% | +3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 24.0% | 18.2% | 30.6% | 9 |
| 1990s | 24.1% | 20.4% | 36.0% | 10 |
| 2000s | 36.1% | 33.4% | 37.9% | 10 |
| 2010s | 35.7% | 31.8% | 39.8% | 10 |
| 2020s | 25.7% | 20.2% | 30.1% | 6 |
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)
- Services, value added (current US$), annual growth rate 7.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6442 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 2,687 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 7.89 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 37.04 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 154,500 current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 5.82 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.6191 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross savings in Philippines?
- Gross savings in Philippines was 30.1% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Philippines?
- The highest recorded value was 39.8% in 2010.
- What is the lowest gross savings recorded in Philippines?
- The lowest recorded value was 18.2% in 1985.
- How does Philippines rank for gross savings?
- Philippines ranks 39th out of 177 countries with data for 2025.
- Is gross savings rising or falling in Philippines?
- Over the last ten years it is down 15.5%. 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 Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 45 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.