National Accounts

Financial balance sheets of non-financial corporations, 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.2025 II.2025 III.2025 IV.2025
I. Outstanding financial assets 244,799 239,578 235,034 235,985 242,653 249,353 255,492 267,083 275,350 277,012 270,348 281,306 293,934 298,990 299,210 297,521 293,940 294,269 298,953 309,426 306,486 298,684 293,061 291,452 308,864 314,315 316,560 318,170 302,819 300,613 298,082 318,745 332,797 338,126 353,943 368,421 379,042 385,462 384,519 389,603 396,449 394,631 398,508 407,369 427,689 428,240 428,663 441,908 450,637 457,682 473,338 493,646
      Currency and deposits, assets 32,748 33,198 32,913 34,463 32,900 32,580 33,783 36,841 35,045 35,775 37,066 38,398 36,379 36,692 36,753 39,758 37,850 35,137 35,614 37,432 35,536 36,411 36,604 39,973 37,361 36,899 39,153 39,193 41,927 45,066 44,783 43,060 46,164 47,502 52,271 51,557 48,828 49,932 50,861 47,636 45,379 45,371 49,461 50,033 54,238 50,324 48,326 52,288 50,202 49,124 51,240 50,743
            Currency and transferable deposits, assets 6,908 7,797 7,950 8,578 8,535 9,121 8,892 12,371 9,922 10,480 10,696 12,321 10,927 11,178 11,242 13,213 12,550 12,704 12,051 14,062 13,169 13,333 12,453 14,745 13,510 14,195 15,121 17,365 15,718 20,629 21,719 22,633 24,804 26,943 25,915 26,734 25,104 22,805 17,436 14,199 12,762 13,285 13,046 16,636 16,099 15,616 13,114 16,079 14,621 13,805 14,418 14,186
            Other deposits, assets 25,840 25,401 24,963 25,885 24,365 23,459 24,891 24,470 25,123 25,295 26,370 26,076 25,452 25,514 25,510 26,545 25,300 22,433 23,563 23,371 22,368 23,078 24,151 25,227 23,851 22,704 24,032 21,828 26,209 24,437 23,064 20,427 21,360 20,560 26,356 24,823 23,724 27,127 33,426 33,437 32,616 32,086 36,416 33,397 38,139 34,708 35,213 36,210 35,581 35,319 36,821 36,557
      Securities other than shares, assets 8,353 5,928 6,494 7,496 7,379 8,026 9,002 9,166 9,101 9,551 9,715 9,571 9,158 9,588 9,122 9,187 9,769 10,832 10,821 10,159 10,608 11,576 10,294 10,067 10,577 11,649 12,300 11,630 14,333 14,047 15,180 14,700 13,559 14,456 14,984 11,824 11,400 15,023 10,550 12,095 13,862 13,484 14,010 13,913 13,247 14,924 14,715 14,357 14,567 15,667 16,334 14,430
            Short-term debt securities assets 898 1,092 1,040 1,298 1,374 1,577 1,658 2,073 2,061 2,078 2,277 2,316 2,174 2,079 1,939 1,957 1,956 2,160 2,056 1,794 1,961 2,976 2,300 2,397 2,759 2,957 3,170 3,174 3,550 4,135 5,015 4,184 4,460 6,125 6,318 4,365 4,187 7,014 4,670 4,425 3,902 4,403 5,600 5,620 5,402 6,416 6,162 6,100 5,776 6,399 6,292 5,603
            Long-term debt securities assets 7,455 4,835 5,454 6,198 6,005 6,449 7,344 7,093 7,040 7,473 7,438 7,255 6,984 7,509 7,183 7,230 7,813 8,672 8,764 8,365 8,647 8,601 7,994 7,670 7,819 8,691 9,130 8,457 10,784 9,912 10,165 10,515 9,100 8,332 8,666 7,458 7,213 8,009 5,879 7,670 9,960 9,081 8,410 8,293 7,845 8,508 8,553 8,257 8,791 9,268 10,042 8,828
      Financial derivatives, assets -889 -912 -870 -503 -684 -631 -469 -426 -1,016 -948 -1,307 -1,342 -1,396 -1,707 -1,550 -822 -684 -675 -789 -485 -83 -279 -24 -533 -401 -271 -1,187 -1,406 -3,459 -1,980 -1,112 -523 308 256 -222 -7 -465 -605 -673 480 607 142 -501 -682 -1,221 -738 -765 -658 -1,028 -427 -796 90
      Loans assets 5,563 6,165 6,391 6,158 6,610 7,474 8,522 8,520 9,769 10,895 18,929 17,414 16,775 16,648 17,092 17,574 17,813 17,981 17,418 16,612 16,541 8,839 9,388 9,775 9,688 9,185 9,913 10,137 12,227 11,904 12,235 11,309 12,567 12,658 14,259 15,523 14,919 17,465 19,188 17,190 15,757 16,012 18,303 18,513 20,816 20,136 19,016 21,296 20,532 20,397 21,045 19,830
            Short-term loans, assets 1 8 45 9 10 5 6 1 7 7 5 5 7 4 4 5 4 7 8 5 19 5 5 5 16 13 28 29 26 22 25 12 11 13 15 15 15 18 19 15 13 15 14 16 15 7 5 6 7 6 7 8
            Long-term loans, assets 5,562 6,157 6,346 6,149 6,601 7,468 8,516 8,519 9,762 10,888 18,923 17,409 16,768 16,644 17,089 17,569 17,809 17,974 17,410 16,607 16,522 8,835 9,383 9,771 9,672 9,173 9,885 10,109 12,201 11,882 12,210 11,297 12,556 12,645 14,245 15,508 14,904 17,447 19,169 17,175 15,744 15,997 18,289 18,497 20,801 20,129 19,011 21,290 20,525 20,391 21,038 19,822
      Shares and other equity, assets 129,298 125,210 118,809 114,994 119,275 122,753 124,864 129,723 135,007 132,547 124,317 125,986 135,413 139,192 139,468 137,784 135,985 136,062 140,837 143,622 141,082 143,558 140,977 138,524 145,418 147,697 146,305 141,160 124,736 128,997 126,467 133,086 141,520 139,642 142,501 150,627 158,273 160,420 160,171 155,662 158,911 164,687 169,994 173,110 191,278 188,619 188,670 197,845 202,948 209,042 221,008 234,803
            Shares, excluding mutual funds shares, assets 123,547 119,103 112,619 108,386 112,208 114,650 116,407 120,927 124,807 122,367 113,677 115,368 124,206 127,473 126,540 124,466 121,498 120,496 125,255 128,050 124,723 126,296 123,161 120,642 126,171 126,788 124,758 121,180 104,344 107,626 104,716 111,328 117,799 116,481 118,329 126,129 134,841 136,613 134,395 130,727 132,525 135,658 136,673 139,479 153,899 150,192 149,174 155,714 161,024 164,514 175,345 187,006
            Money market fund shares 3,282 3,805 3,775 4,011 3,622 3,710 3,678 4,131 4,228 4,389 4,490 4,958 5,157 5,088 4,802 5,305 6,142 6,129 6,623 5,605 6,955 7,130 6,139 5,990 6,573 7,034 7,231 8,846 10,298 11,205 10,997 9,886 9,073 8,461 9,136 9,526 8,979 9,174 9,436 9,570 11,537 13,084 16,191 17,585 19,606 20,833 20,797 22,360 21,630 23,075 20,602 21,076
            Other investment fund shares 2,468 2,303 2,415 2,596 3,444 4,393 4,780 4,665 5,972 5,792 6,149 5,659 6,049 6,632 8,126 8,012 8,345 9,437 8,960 9,967 9,404 10,132 11,677 11,891 12,674 13,875 14,315 11,134 10,094 10,167 10,753 11,872 14,648 14,700 15,036 14,972 14,453 14,634 16,339 15,365 14,849 15,945 17,130 16,046 17,773 17,594 18,700 19,772 20,294 21,454 25,061 26,721
      Insurance technical reserves, assets 374 386 399 408 425 449 460 476 479 500 520 518 505 515 520 533 542 563 567 579 590 598 608 634 648 663 657 710 709 668 650 683 689 678 721 790 835 882 938 970 962 953 981 990 1,008 994 1,012 1,042 1,052 1,061 1,042 1,048
            Reserves for premiums and claims, assets 374 386 399 408 425 449 460 476 479 500 520 518 505 515 520 533 542 563 567 579 590 598 608 634 648 663 657 710 709 668 650 683 689 678 721 790 835 882 938 970 962 953 981 990 1,008 994 1,012 1,042 1,052 1,061 1,042 1,048
      Other accounts receivable 69,352 69,603 70,897 72,969 76,747 78,702 79,330 82,785 86,964 88,691 81,109 90,762 97,101 98,061 97,806 93,507 92,666 94,370 94,485 101,506 102,211 97,981 95,214 93,011 105,572 108,493 109,420 116,745 112,346 101,912 99,879 116,431 117,989 122,932 129,428 138,107 145,252 142,345 143,485 155,570 160,971 153,981 146,259 151,492 148,324 153,982 157,689 155,738 162,364 162,818 163,465 172,703
II. Net Financial Assets (I-III) -167,470 -170,727 -174,350 -177,177 -187,384 -192,682 -205,047 -207,230 -213,502 -216,066 -230,844 -231,444 -236,396 -237,309 -238,058 -236,938 -247,686 -247,959 -250,386 -250,138 -252,471 -258,393 -265,990 -269,655 -271,809 -274,256 -286,347 -290,677 -292,299 -297,801 -289,079 -277,029 -287,673 -281,780 -291,273 -297,264 -301,438 -323,680 -342,616 -332,789 -325,649 -333,299 -347,733 -350,472 -359,871 -358,999 -361,283 -373,884 -379,353 -385,318 -399,627 -393,050
III. Outstanding liabilities 412,269 410,305 409,384 413,161 430,036 442,035 460,539 474,313 488,852 493,077 501,192 512,750 530,330 536,299 537,268 534,458 541,626 542,227 549,339 559,563 558,957 557,077 559,051 561,107 580,673 588,571 602,907 608,847 595,118 598,414 587,161 595,774 620,470 619,905 645,216 665,685 680,480 709,143 727,135 722,393 722,098 727,929 746,241 757,840 787,560 787,239 789,946 815,792 829,990 843,000 872,965 886,696
      Securities other than shares, liabilities 23,970 24,322 24,768 27,025 27,875 29,083 33,048 34,724 36,508 37,064 40,173 39,242 39,412 39,346 40,871 41,003 42,546 43,327 43,283 42,133 41,329 43,754 44,921 46,721 47,585 51,609 56,802 56,113 57,663 65,569 65,649 63,208 62,907 61,215 66,062 68,310 63,831 68,574 68,095 67,832 65,450 65,851 69,037 71,095 77,948 76,430 78,174 82,400 82,449 83,101 86,935 86,761
            Short-term securities other than shares, liabilities 64 21 5 12 7 4 1 1 12 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2 2 3 0 0 0 0 0 0 0 0 0 0 2 9 10 5 10 13 10 10
            Long-term securities other than shares, liabilities 23,906 24,301 24,763 27,013 27,868 29,078 33,047 34,722 36,496 37,064 40,173 39,242 39,412 39,346 40,871 41,003 42,546 43,327 43,283 42,133 41,329 43,754 44,921 46,721 47,585 51,609 56,802 56,113 57,663 65,569 65,649 63,205 62,904 61,212 66,062 68,310 63,831 68,574 68,095 67,832 65,450 65,851 69,037 71,095 77,946 76,421 78,165 82,395 82,438 83,087 86,925 86,751
      Loans, liabilities 81,183 85,905 88,833 92,761 97,217 99,094 103,927 108,704 110,049 112,004 124,604 126,138 125,254 125,309 126,089 128,374 127,000 127,998 126,532 125,960 127,983 130,250 133,290 138,045 137,886 140,458 146,724 151,252 164,003 168,627 166,952 157,299 159,324 159,967 169,925 175,389 174,899 194,116 203,512 190,455 180,233 183,876 197,451 197,962 210,124 207,183 201,363 210,813 206,238 206,908 212,562 208,180
            Short-term loans, liabilities 6,632 7,082 7,151 6,620 7,182 6,915 6,832 6,824 6,602 6,789 6,961 6,848 6,849 6,919 6,575 6,159 6,003 6,690 6,296 7,200 7,655 7,949 8,365 8,398 8,343 9,242 9,303 8,975 9,195 8,347 7,788 5,616 5,946 6,328 6,028 6,602 7,862 12,810 14,438 10,877 10,680 12,021 13,296 12,028 13,172 13,903 12,580 14,078 12,655 14,195 13,739 12,826
            Long-term loans, liabilities 74,551 78,823 81,682 86,141 90,035 92,179 97,096 101,881 103,447 105,215 117,643 119,290 118,405 118,390 119,514 122,214 120,997 121,308 120,235 118,760 120,328 122,301 124,925 129,647 129,543 131,216 137,421 142,278 154,808 160,280 159,164 151,684 153,377 153,639 163,897 168,788 167,038 181,306 189,074 179,577 169,552 171,855 184,156 185,934 196,952 193,280 188,783 196,735 193,583 192,714 198,824 195,354
      Shares and other equity, liabilities 231,157 224,236 218,519 215,884 224,577 230,546 237,868 242,818 250,634 250,204 248,406 251,162 263,210 266,657 264,492 263,494 269,391 266,385 275,757 282,832 280,953 277,770 278,373 277,854 285,263 282,797 283,938 282,483 259,476 262,401 253,427 260,519 279,277 274,899 279,122 283,921 295,812 301,841 308,812 309,909 314,709 321,342 328,393 333,222 348,687 347,370 349,791 364,589 375,824 384,499 401,254 415,933
                  Quoted shares 114,111 105,629 99,424 96,774 98,353 99,006 99,723 99,163 101,700 99,227 94,188 93,972 99,357 101,133 97,522 101,582 110,585 108,030 119,892 124,948 122,261 118,481 120,296 115,041 118,579 113,968 113,507 108,155 81,162 91,349 86,722 93,446 108,142 101,943 97,794 94,555 100,948 97,073 100,108 104,458 105,099 108,905 107,652 110,849 116,874 111,463 109,855 114,608 126,765 132,323 144,998 159,532
                  Unquoted shares and other equity 117,047 118,606 119,095 119,110 126,224 131,540 138,145 143,654 148,934 150,978 154,219 157,190 163,852 165,524 166,970 161,912 158,806 158,354 155,865 157,884 158,692 159,289 158,078 162,813 166,684 168,829 170,432 174,327 178,314 171,053 166,705 167,073 171,136 172,956 181,328 189,366 194,864 204,768 208,705 205,452 209,610 212,437 220,741 222,374 231,814 235,907 239,936 249,981 249,059 252,176 256,257 256,401
      Other accounts, liabilities 75,958 75,843 77,264 77,491 80,367 83,313 85,696 88,068 91,661 93,804 88,008 96,208 102,454 104,987 105,816 101,587 102,690 104,517 103,767 108,638 108,692 105,304 102,467 98,488 109,939 113,706 115,443 118,999 113,976 101,817 101,133 114,748 118,962 123,824 130,107 138,065 145,938 144,611 146,716 154,196 161,706 156,860 151,360 155,560 150,800 156,256 160,617 157,990 165,479 168,492 172,214 175,823
            With non-residents 3,130 3,272 3,136 3,075 2,734 2,542 2,715 2,884 2,395 2,051 2,475 2,317 1,908 1,841 2,287 2,330 3,127 3,264 3,206 3,446 3,212 3,910 3,843 4,222 2,290 2,086 2,289 1,860 2,435 1,537 1,946 2,066 3,523 3,907 5,568 6,754 5,816 7,870 7,987 4,872 4,023 3,719 4,911 4,111 4,818 4,422 4,141 5,822 5,020 5,624 6,471 5,801
            With factoring and securitizing 1,833 1,913 1,867 1,966 1,845 1,886 2,014 2,108 2,283 2,431 2,526 2,582 2,367 2,391 2,499 2,802 2,756 2,864 2,984 3,197 3,144 3,270 3,377 3,710 3,599 3,603 3,845 4,051 4,399 4,041 3,775 4,038 4,276 4,505 4,342 4,688 4,716 4,162 4,259 4,443 4,219 4,189 4,152 4,836 4,479 4,254 4,543 5,073 4,604 4,601 4,863 5,512