National Accounts

Financial balance sheet of Total Economy, reference 2018 (billions of pesos)
Sel. Serie I.2013 II.2013 III.2013 IV.2013 I.2014 II.2014 III.2014 IV.2014 I.2015 II.2015 III.2015 IV.2015 I.2016 II.2016 III.2016 IV.2016 I.2017 II.2017 III.2017 IV.2017 I.2018 II.2018 III.2018 IV.2018 I.2019 II.2019 III.2019 IV.2019 I.2020 II.2020 III.2020 IV.2020 I.2021 II.2021 III.2021 IV.2021 I.2022 II.2022 III.2022 IV.2022 I.2023 II.2023 III.2023 IV.2023 I.2024 II.2024 III.2024 IV.2024
I. Outstanding financial assets 900,940 910,282 920,319 944,554 976,062 1,002,442 1,048,698 1,073,692 1,099,942 1,114,636 1,141,128 1,168,571 1,189,154 1,205,480 1,226,752 1,236,129 1,260,608 1,280,063 1,292,398 1,312,331 1,321,476 1,337,586 1,357,456 1,376,097 1,414,810 1,450,499 1,505,987 1,536,884 1,519,655 1,591,608 1,576,059 1,591,968 1,632,323 1,651,737 1,705,976 1,745,828 1,734,019 1,809,147 1,816,211 1,834,552 1,832,915 1,851,587 1,895,027 1,949,499 2,038,494 2,007,024 2,033,196 2,077,918
      Monetary gold and SDRs, assets 564 564 575 606 640 640 670 661 650 671 761 755 521 508 505 492 493 506 493 480 482 499 505 530 517 518 542 564 635 538 529 503 496 439 2,531 2,990 2,478 3,031 3,012 2,819 2,603 2,697 3,023 2,980 3,387 3,303 3,165 3,406
      Currency and deposits, assets 105,676 111,100 111,951 116,028 117,494 114,224 119,101 130,101 127,068 126,703 132,568 141,018 140,251 141,421 138,885 146,551 139,570 138,615 137,913 142,922 139,966 142,840 143,663 153,301 144,161 148,868 153,359 171,398 191,685 191,037 199,685 202,504 199,153 214,459 222,601 211,075 220,999 208,117 211,664 210,535 209,372 209,817 211,154 225,826 247,224 232,213 222,264 228,280
            Currency and transferable deposits, assets 34,545 36,192 36,349 39,885 39,683 38,654 39,635 46,911 44,903 45,623 46,599 52,836 50,516 51,268 49,001 54,194 51,849 51,590 51,417 56,231 55,389 55,373 54,992 59,889 56,111 59,927 62,277 73,055 83,086 95,306 111,516 118,700 118,459 130,622 125,373 120,976 130,496 107,315 102,867 98,881 95,331 93,362 92,758 105,522 120,061 108,605 97,017 100,976
            Other deposits, assets 71,131 74,908 75,603 76,143 77,811 75,570 79,466 83,190 82,164 81,080 85,969 88,182 89,735 90,153 89,884 92,357 87,721 87,025 86,496 86,691 84,577 87,467 88,671 93,412 88,050 88,941 91,082 98,342 108,600 95,730 88,169 83,804 80,694 83,837 97,228 90,098 90,503 100,802 108,797 111,654 114,041 116,455 118,395 120,304 127,163 123,608 125,248 127,303
      Securities other than shares, assets 100,528 101,005 103,658 106,054 111,025 117,553 122,677 123,578 125,963 131,312 140,337 137,563 143,310 148,381 156,003 155,622 162,613 167,928 162,482 159,530 161,765 166,708 169,654 173,602 181,234 191,704 207,952 196,881 200,655 226,947 222,722 218,028 218,262 217,644 224,236 230,186 214,148 255,403 241,941 250,931 251,189 259,009 265,417 266,496 265,983 254,745 270,562 271,180
            Short-term debt securities, assets 5,881 5,397 5,644 4,701 6,442 7,156 7,651 5,382 7,247 7,658 8,117 6,015 8,746 8,991 9,936 8,460 9,889 11,043 9,507 8,809 10,015 11,039 11,324 10,462 13,618 12,906 13,386 14,041 12,036 29,954 33,038 30,347 33,661 43,076 50,301 50,863 35,459 58,085 49,381 48,162 51,430 55,016 58,488 49,441 41,212 34,322 33,104 30,660
            Long-term debt securities, assets 94,647 95,608 98,014 101,354 104,584 110,397 115,026 118,195 118,716 123,654 132,220 131,547 134,564 139,390 146,067 147,162 152,724 156,885 152,975 150,721 151,750 155,669 158,330 163,141 167,615 178,798 194,566 182,840 188,620 196,993 189,684 187,682 184,600 174,568 173,935 179,323 178,689 197,318 192,560 202,769 199,759 203,993 206,928 217,055 224,771 220,423 237,458 240,521
      Financial derivatives, assets -112 -300 -172 131 92 112 99 252 -199 -164 -1,027 -582 -630 -456 -321 249 251 217 336 584 797 389 698 388 548 824 -277 20 -2,903 -1,648 -536 1,038 628 506 -545 -733 -1,393 -2,065 -2,794 191 657 235 -1,381 795 -633 361 3,258 -2,029
      Loans, assets 118,618 123,413 125,725 128,395 131,351 134,592 138,773 142,603 145,741 149,975 163,316 165,829 166,327 168,718 171,130 174,808 176,220 179,966 180,527 183,108 186,168 183,772 188,168 194,027 196,826 200,140 206,827 212,913 223,634 242,029 245,057 241,555 246,803 257,236 265,533 273,910 277,008 291,871 299,885 299,557 299,093 301,520 308,657 311,721 319,244 301,119 289,827 299,504
            Short-term loans, assets 14,044 16,106 16,012 15,768 16,000 15,984 16,438 16,801 17,303 17,692 18,517 18,440 18,025 18,237 18,033 18,240 17,699 18,996 17,740 18,289 18,317 19,089 19,691 20,722 20,799 21,281 22,263 23,225 25,115 37,847 39,618 37,902 39,002 46,114 46,721 48,504 49,012 53,135 54,299 53,518 52,891 54,532 56,991 56,052 57,977 40,856 29,270 31,326
            Long-term loans, assets 104,575 107,307 109,713 112,627 115,351 118,609 122,335 125,802 128,438 132,283 144,798 147,389 148,302 150,481 153,097 156,567 158,521 160,970 162,787 164,819 167,851 164,683 168,477 173,305 176,027 178,858 184,564 189,688 198,518 204,183 205,439 203,653 207,801 211,122 218,812 225,406 227,996 238,736 245,586 246,039 246,202 246,988 251,666 255,669 261,267 260,263 260,556 268,179
      Shares and other equity, assets 357,013 353,319 352,432 360,043 371,622 383,939 404,366 407,620 418,903 420,323 420,411 426,219 432,383 436,307 443,837 444,841 456,840 462,869 477,468 485,351 486,796 498,563 506,052 505,901 520,199 524,271 538,636 542,301 510,199 529,795 518,747 526,190 557,855 554,316 574,675 596,413 582,469 606,310 610,626 596,722 589,148 600,016 629,960 643,451 688,625 692,086 698,345 727,010
            Shares, excluding mutual funds shares, assets 307,955 304,775 302,742 306,145 314,073 321,915 336,865 339,593 345,072 344,441 345,731 350,833 356,902 359,597 362,352 365,433 370,913 371,360 381,882 388,512 384,895 393,898 398,146 403,090 407,966 405,291 415,059 415,234 392,365 395,945 385,486 391,710 415,560 413,207 427,154 445,671 452,675 474,559 482,333 474,150 467,300 475,760 494,790 505,854 533,388 533,910 533,912 555,658
            Money market fund shares 11,852 12,638 12,883 13,071 13,813 13,204 14,190 14,745 14,661 14,861 15,186 15,090 16,184 16,117 15,987 16,204 17,816 17,753 18,091 16,742 18,965 19,180 19,236 18,330 20,198 21,508 22,114 24,989 28,330 30,699 29,186 27,438 27,658 26,899 27,673 26,440 24,890 26,620 26,943 25,842 26,896 29,250 33,796 34,988 39,390 42,183 43,233 43,880
             Other investment fund shares 37,205 35,907 36,807 40,827 43,737 48,819 53,310 53,282 59,171 61,021 59,494 60,297 59,297 60,593 65,498 63,203 68,111 73,756 77,494 80,097 82,936 85,485 88,669 84,480 92,036 97,472 101,463 102,078 89,505 103,150 104,075 107,042 114,637 114,210 119,847 124,301 104,904 105,132 101,351 96,729 94,952 95,006 101,375 102,608 115,848 115,993 121,200 127,472
      Pension funds, assets 83,024 83,286 85,838 89,203 93,280 98,022 102,798 105,280 109,808 110,747 111,569 114,899 116,009 116,942 122,553 122,712 129,945 132,750 134,880 136,442 137,606 138,957 142,611 142,219 149,988 157,359 166,607 169,604 153,579 173,279 161,522 160,345 159,697 148,105 147,427 152,745 146,505 153,940 152,393 160,846 160,530 164,072 164,875 177,543 187,955 185,000 199,399 197,249
      Insurance technical reserves, assets 21,473 21,885 22,492 23,112 23,783 24,696 25,348 26,267 26,726 27,745 28,727 29,599 30,293 31,279 32,180 32,901 33,665 34,528 35,086 35,778 36,536 37,336 38,190 39,015 39,737 40,897 41,677 42,294 42,710 42,966 42,889 43,539 43,936 43,700 44,435 46,023 46,976 49,347 51,475 53,012 54,125 55,506 56,314 57,844 59,134 60,415 61,132 62,771
            Life insurance entitlements, assets 20,642 21,027 21,607 22,206 22,839 23,699 24,325 25,210 25,661 26,634 27,571 28,448 29,172 30,134 31,025 31,715 32,461 33,278 33,826 34,491 35,225 36,008 36,839 37,606 38,296 39,423 40,218 40,716 41,134 41,481 41,445 42,021 42,406 42,192 42,832 44,267 45,121 47,387 49,391 50,855 51,987 53,388 54,134 55,645 56,894 58,207 58,882 60,455
            Reserves for premiums and claims, assets 831 858 886 906 944 997 1,023 1,057 1,065 1,111 1,157 1,152 1,121 1,145 1,155 1,185 1,204 1,250 1,260 1,287 1,311 1,328 1,351 1,409 1,440 1,474 1,459 1,578 1,576 1,485 1,444 1,518 1,531 1,507 1,603 1,756 1,855 1,960 2,084 2,156 2,139 2,118 2,180 2,199 2,240 2,209 2,250 2,316
      Other accounts receivable 114,157 116,010 117,819 120,982 126,775 128,664 134,867 137,331 145,282 147,325 144,467 153,270 160,689 162,380 161,982 157,955 161,011 162,684 163,213 168,135 171,362 168,523 167,915 167,114 181,599 185,920 190,664 200,910 199,461 186,666 185,443 198,266 205,493 215,333 225,083 233,219 244,829 243,193 248,009 259,941 266,199 258,715 257,009 262,843 267,575 277,781 285,245 290,546
II. Net Financial Assets (I-III) -16,963 -16,299 -16,025 -13,014 -13,562 -13,608 -14,985 -16,036 -18,131 -17,020 -24,611 -22,891 -25,783 -25,912 -25,037 -25,237 -27,510 -25,888 -30,085 -31,853 -33,547 -34,347 -36,903 -41,743 -39,131 -37,676 -41,449 -32,528 -34,493 -30,902 -26,214 -22,124 -25,461 -18,034 -21,678 -20,969 -37,819 -36,415 -51,863 -53,251 -48,964 -51,630 -54,997 -55,665 -50,193 -53,304 -54,021 -56,178
III. Outstanding liabilities 917,903 926,581 936,344 957,568 989,624 1,016,050 1,063,683 1,089,728 1,118,073 1,131,656 1,165,739 1,191,462 1,214,937 1,231,392 1,251,789 1,261,366 1,288,118 1,305,951 1,322,483 1,344,184 1,355,023 1,371,933 1,394,358 1,417,840 1,453,941 1,488,175 1,547,436 1,569,412 1,554,148 1,622,510 1,602,273 1,614,092 1,657,784 1,669,772 1,727,654 1,766,797 1,771,838 1,845,562 1,868,074 1,887,803 1,881,879 1,903,217 1,950,025 2,005,163 2,088,687 2,060,327 2,087,217 2,134,096
      Currency and deposits, liabilities 93,198 97,290 98,207 102,605 102,515 99,768 102,891 112,008 110,135 110,422 114,283 122,243 122,405 122,552 120,735 127,305 122,875 123,412 124,928 130,291 129,237 130,724 132,348 139,742 133,861 137,400 140,521 155,322 169,022 171,222 177,550 184,766 181,551 192,720 192,386 186,991 200,907 185,884 189,751 193,984 191,390 190,627 188,811 202,331 219,423 206,351 196,883 201,894
            Currency and transferable deposits, liabilities 31,259 32,802 33,220 37,365 36,184 35,451 36,050 41,871 40,432 40,952 40,938 46,779 45,198 44,786 43,233 47,657 46,216 46,258 47,207 51,373 51,634 51,029 51,239 56,233 53,404 55,922 57,002 65,940 73,397 85,003 99,910 108,713 109,032 119,399 111,674 110,303 121,119 96,936 93,589 92,980 87,411 85,196 82,471 95,180 106,829 96,558 85,860 90,152
            Other deposits, liabilities 61,940 64,488 64,988 65,240 66,331 64,317 66,841 70,136 69,704 69,471 73,346 75,464 77,207 77,766 77,503 79,648 76,659 77,154 77,721 78,918 77,603 79,695 81,108 83,509 80,457 81,478 83,519 89,382 95,625 86,219 77,640 76,053 72,520 73,321 80,712 76,687 79,788 88,948 96,162 101,004 103,979 105,432 106,340 107,151 112,594 109,792 111,022 111,742
      Securities other than shares, liabilities 82,969 86,459 88,869 91,486 95,257 102,439 109,713 112,927 116,670 121,631 128,623 126,152 129,167 134,188 142,356 143,348 149,755 156,656 153,158 152,934 155,258 161,950 166,050 170,684 179,609 192,960 209,415 203,139 204,120 237,637 236,449 232,254 231,191 234,684 253,589 266,083 244,883 278,115 266,129 275,907 275,333 281,332 288,356 294,082 299,270 288,167 307,831 308,680
            Short-term securities other than shares, liabilities 2,868 2,961 3,049 1,884 2,878 4,069 4,559 2,204 3,660 3,635 3,486 1,301 3,136 3,814 5,446 4,726 5,948 6,816 5,591 5,569 6,982 8,248 8,598 7,413 10,711 9,743 9,787 10,716 7,448 24,539 27,973 24,245 26,395 36,072 43,413 46,232 29,721 48,885 41,599 41,364 47,335 48,842 52,178 44,178 36,036 28,343 27,174 24,457
            Long-term securities other than shares, liabilities 80,101 83,498 85,820 89,602 92,379 98,369 105,153 110,723 113,009 117,996 125,137 124,851 126,031 130,375 136,910 138,622 143,807 149,840 147,567 147,366 148,276 153,702 157,452 163,271 168,898 183,217 199,628 192,423 196,672 213,097 208,476 208,010 204,796 198,613 210,176 219,851 215,161 229,230 224,530 234,544 227,998 232,490 236,179 249,904 263,234 259,824 280,658 284,222
      Loans, liabilities 147,715 154,119 158,255 164,413 170,481 173,794 180,661 187,074 189,958 194,142 210,218 215,813 215,018 216,674 217,845 222,485 221,295 224,992 224,400 226,982 230,152 235,929 242,050 253,011 253,964 259,443 270,482 279,136 297,385 314,831 313,745 301,695 306,922 316,238 333,403 345,152 345,508 374,774 387,778 375,390 368,289 374,629 392,758 396,989 413,271 394,343 379,106 393,513
            Short-term loans, liabilities 16,981 17,944 17,563 17,639 18,018 17,758 18,243 18,702 18,419 18,887 19,532 19,971 19,339 19,400 19,137 19,773 18,798 20,472 19,127 21,544 20,666 21,356 22,107 23,700 22,909 24,536 25,986 28,143 30,794 43,204 43,902 40,442 42,245 49,569 51,266 52,595 52,860 60,086 61,846 57,279 56,973 58,647 61,431 60,916 62,513 45,572 33,712 36,449
            Long-term loans, liabilities 130,734 136,175 140,692 146,775 152,463 156,036 162,418 168,372 171,540 175,255 190,686 195,841 195,678 197,274 198,709 202,712 202,497 204,519 205,273 205,437 209,486 214,574 219,943 229,311 231,055 234,907 244,497 250,993 266,591 271,627 269,843 261,253 264,677 266,669 282,137 292,558 292,648 314,688 325,932 318,111 311,316 315,981 331,327 336,073 350,758 348,771 345,394 357,064
      Shares and other equity, liabilities 374,960 368,127 364,653 366,269 379,086 390,239 408,474 410,201 421,294 421,314 429,044 431,108 443,285 448,991 455,395 455,959 470,400 472,174 488,225 494,491 496,237 499,224 505,403 506,535 516,147 515,046 528,735 521,423 492,184 500,350 488,005 497,497 533,189 524,112 536,488 542,657 547,518 566,181 578,401 576,156 573,354 584,148 607,819 619,489 650,247 656,004 664,550 687,239
            Shares, excluding mutual funds shares, liabilities 350,485 343,265 339,825 341,044 351,044 360,306 376,083 378,002 386,458 385,698 391,956 395,339 405,561 409,943 412,846 414,173 424,058 423,529 438,327 446,527 444,715 445,897 450,081 451,884 457,481 451,808 461,161 455,529 427,424 430,504 416,872 425,521 455,790 448,223 457,857 463,966 473,524 488,763 499,452 500,502 497,619 505,450 521,330 531,190 551,203 552,447 555,265 575,615
            Units issued by passive money market investment funds 11,797 12,602 12,454 12,256 12,945 12,358 13,277 13,759 13,669 13,959 14,286 14,109 15,283 15,065 14,892 15,076 16,623 16,695 17,065 15,621 17,986 18,072 17,957 17,165 18,520 19,566 19,986 22,854 26,649 28,909 28,357 26,527 26,518 25,960 26,901 25,367 24,014 25,742 26,089 25,127 26,254 28,217 32,744 33,942 38,017 41,096 42,179 42,547
            Units issued by investment funds other than passive money market funds 12,678 12,260 12,374 12,970 15,097 17,575 19,114 18,441 21,166 21,657 22,802 21,660 22,442 23,982 27,656 26,709 29,719 31,951 32,833 32,344 33,536 35,256 37,365 37,486 40,146 43,673 47,588 43,041 38,112 40,937 42,776 45,450 50,882 49,929 51,730 53,323 49,980 51,677 52,860 50,527 49,481 50,481 53,745 54,357 61,028 62,461 67,106 69,078
      Pension funds, liabilities 83,024 83,286 85,838 89,203 93,280 98,022 102,798 105,280 109,808 110,747 111,569 114,899 116,009 116,942 122,553 122,712 129,945 132,750 134,880 136,442 137,606 138,957 142,611 142,219 149,988 157,359 166,607 169,604 153,579 173,279 161,522 160,345 159,697 148,105 147,427 152,745 146,505 153,940 152,393 160,846 160,530 164,072 164,875 177,543 187,955 185,000 199,399 197,249
      Insurance technical reserves, liabilities 21,473 21,885 22,492 23,112 23,783 24,696 25,348 26,267 26,726 27,745 28,727 29,599 30,293 31,279 32,180 32,901 33,665 34,528 35,086 35,778 36,536 37,336 38,190 39,015 39,737 40,897 41,677 42,294 42,710 42,966 42,889 43,539 43,936 43,700 44,435 46,023 46,976 49,347 51,475 53,012 54,125 55,506 56,314 57,844 59,134 60,415 61,132 62,771
            Life insurance reserves, liabilities 20,642 21,027 21,607 22,206 22,839 23,699 24,325 25,210 25,661 26,634 27,571 28,448 29,172 30,134 31,025 31,715 32,461 33,278 33,826 34,491 35,225 36,008 36,839 37,606 38,296 39,423 40,218 40,716 41,134 41,481 41,445 42,021 42,406 42,192 42,832 44,267 45,121 47,387 49,391 50,855 51,987 53,388 54,134 55,645 56,894 58,207 58,882 60,455
            Reserves for premiums and claims, liabilities 831 858 886 906 944 997 1,023 1,057 1,065 1,111 1,157 1,152 1,121 1,145 1,155 1,185 1,204 1,250 1,260 1,287 1,311 1,328 1,351 1,409 1,440 1,474 1,459 1,578 1,576 1,485 1,444 1,518 1,531 1,507 1,603 1,756 1,855 1,960 2,084 2,156 2,139 2,118 2,180 2,199 2,240 2,209 2,250 2,316
      Other accounts payable 114,565 115,415 118,029 120,480 125,222 127,092 133,799 135,972 143,481 145,655 143,275 151,648 158,760 160,766 160,725 156,657 160,183 161,439 161,806 167,266 169,998 167,813 167,707 166,633 180,634 185,071 189,999 198,494 195,148 182,226 182,112 193,995 201,297 210,213 219,927 227,146 239,542 237,320 242,147 252,508 258,858 252,903 251,091 256,885 259,387 270,047 278,317 282,750