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
I. Outstanding financial assets 901,950 911,523 921,297 946,059 977,994 1,004,315 1,050,461 1,074,949 1,100,758 1,116,059 1,142,692 1,170,009 1,190,266 1,206,554 1,228,999 1,237,130 1,261,337 1,280,859 1,293,729 1,313,645 1,322,356 1,338,670 1,358,203 1,376,723 1,415,080 1,449,438 1,506,133 1,536,861 1,519,398 1,591,560 1,584,596 1,603,132 1,633,344 1,653,937 1,707,423 1,746,824 1,736,522 1,810,654 1,814,433 1,832,198 1,831,934 1,850,646 1,887,073 1,932,442 2,024,411 1,987,859
      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
      Currency and deposits, assets 105,676 111,100 111,951 116,028 117,494 114,224 119,101 130,101 127,068 126,703 132,568 141,018 140,251 141,421 138,885 146,551 139,570 138,615 137,913 142,922 139,966 142,840 143,663 153,301 144,161 148,868 153,359 171,398 191,685 191,037 199,685 202,504 199,153 214,459 222,601 211,075 221,188 208,298 211,768 210,255 209,111 209,503 210,751 226,107 246,918 232,680
            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 95,306 111,516 118,700 118,459 130,622 125,373 120,976 130,732 107,523 102,885 99,090 95,526 93,577 93,014 105,778 119,842 108,723
            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 90,456 100,774 108,883 111,164 113,585 115,925 117,737 120,330 127,076 123,957
      Securities other than shares, assets 100,528 101,005 103,658 106,054 111,025 117,553 122,677 123,578 125,963 131,312 140,337 137,563 143,310 148,381 156,003 155,622 162,613 167,928 162,482 159,530 161,765 166,708 169,654 173,602 181,234 191,704 207,952 196,881 200,655 226,947 222,722 218,028 218,262 217,644 224,236 230,186 214,272 255,529 242,043 251,131 251,370 259,264 265,755 267,417 266,803 255,053
            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 35,464 58,092 49,386 48,197 51,464 55,122 58,693 49,647 41,502 34,719
            Long-term debt securities, assets 94,647 95,608 98,014 101,354 104,584 110,397 115,026 118,195 118,716 123,654 132,220 131,547 134,564 139,390 146,067 147,162 152,724 156,885 152,975 150,721 151,750 155,669 158,330 163,141 167,615 178,798 194,566 182,840 188,620 196,993 189,684 187,682 184,600 174,568 173,935 179,323 178,809 197,437 192,658 202,934 199,905 204,142 207,062 217,770 225,301 220,333
      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 -1,399 -2,043 -2,779 305 962 203 -1,334 791 -674 356
      Loans, assets 118,620 123,416 125,728 128,398 131,355 134,593 138,776 142,607 145,745 149,980 163,319 165,833 166,334 168,724 171,136 174,814 176,229 179,973 180,536 183,116 186,175 183,778 188,174 194,033 196,832 200,147 206,834 212,919 223,641 242,036 245,062 241,560 246,808 257,242 265,540 273,917 276,967 291,826 299,877 299,531 299,057 301,459 308,741 311,570 319,035 300,982
            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 52,889 54,528 56,980 56,045 57,971 40,850
            Long-term loans, assets 104,576 107,310 109,716 112,630 115,355 118,609 122,338 125,806 128,442 132,288 144,802 147,394 148,309 150,487 153,103 156,574 158,530 160,977 162,796 164,826 167,859 164,689 168,483 173,311 176,033 178,865 184,571 189,694 198,526 204,190 205,444 203,658 207,806 211,129 218,819 225,413 227,955 238,691 245,578 246,014 246,168 246,931 251,761 255,525 261,064 260,132
      Shares and other equity, assets 357,914 354,433 353,282 361,415 373,411 385,672 405,966 408,724 419,564 421,585 421,799 427,482 433,324 437,214 445,918 445,674 457,400 463,497 478,635 486,541 487,525 499,489 506,639 506,359 520,303 523,040 538,601 542,092 509,728 529,537 527,081 537,169 558,686 556,321 575,912 597,188 582,696 604,916 606,396 592,337 584,764 595,263 618,513 622,843 673,103 674,721
            Shares, excluding mutual funds shares, assets 308,856 305,888 303,592 307,517 315,862 323,648 338,465 340,697 345,732 345,703 347,120 352,095 357,843 360,504 364,433 366,266 371,473 371,988 383,049 389,701 385,624 394,824 398,733 403,549 408,069 404,061 415,025 415,026 391,894 395,687 393,820 402,689 416,391 415,213 428,391 446,446 452,902 473,164 478,103 469,766 462,919 471,009 483,357 485,249 517,866 516,544
            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 26,894 29,249 33,789 34,987 39,390 42,184
             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 94,950 95,005 101,368 102,606 115,847 115,993
      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
      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
            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
            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
      Other accounts receivable 114,264 116,134 117,944 121,112 126,913 128,803 135,026 137,480 145,433 147,479 144,638 153,441 160,853 162,541 162,142 158,116 161,171 162,845 163,368 168,253 171,505 168,675 168,069 167,276 181,760 186,082 190,838 201,088 199,667 186,869 185,641 198,447 205,679 215,521 225,286 233,433 246,839 245,810 250,248 261,962 269,413 262,680 260,436 265,347 268,749 275,350
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 -34,601 -33,066 -50,382 -51,955 -47,770 -51,069 -54,817 -56,534 -53,294 -56,017
III. Outstanding liabilities 918,913 927,822 937,322 959,073 991,556 1,017,922 1,065,446 1,090,984 1,118,889 1,133,079 1,167,302 1,192,900 1,216,050 1,232,466 1,254,036 1,262,367 1,288,847 1,306,747 1,323,814 1,345,499 1,355,902 1,373,017 1,395,106 1,418,466 1,454,211 1,487,113 1,547,582 1,569,388 1,553,891 1,622,462 1,610,811 1,625,256 1,658,805 1,671,972 1,729,101 1,767,793 1,771,122 1,843,720 1,864,815 1,884,153 1,879,704 1,901,715 1,941,890 1,988,977 2,077,705 2,043,877
      Currency and deposits, liabilities 93,198 97,290 98,207 102,605 102,515 99,768 102,891 112,008 110,135 110,422 114,283 122,243 122,405 122,552 120,735 127,305 122,875 123,412 124,928 130,291 129,237 130,724 132,348 139,742 133,861 137,400 140,521 155,322 169,022 171,222 177,550 184,766 181,551 192,720 192,386 186,991 200,907 185,884 189,751 193,984 191,390 190,627 188,811 202,331 219,424 206,358
            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
            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 96,162 101,004 103,979 105,432 106,340 107,151 112,595 109,799
      Securities other than shares, liabilities 82,969 86,459 88,869 91,486 95,257 102,439 109,713 112,927 116,670 121,631 128,623 126,152 129,167 134,188 142,356 143,348 149,755 156,656 153,158 152,934 155,258 161,950 166,050 170,684 179,609 192,960 209,415 203,139 204,120 237,637 236,449 232,254 231,191 234,684 253,589 266,083 244,916 278,087 266,034 275,841 275,246 281,328 288,310 294,081 299,617 288,403
            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 36,035 28,335
            Long-term securities other than shares, liabilities 80,101 83,498 85,820 89,602 92,379 98,369 105,153 110,723 113,009 117,996 125,137 124,851 126,031 130,375 136,910 138,622 143,807 149,840 147,567 147,366 148,276 153,702 157,452 163,271 168,898 183,217 199,628 192,423 196,672 213,097 208,476 208,010 204,796 198,613 210,176 219,851 215,195 229,203 224,434 234,477 227,912 232,485 236,132 249,902 263,582 260,067
      Loans, liabilities 147,716 154,122 158,258 164,416 170,485 173,795 180,664 187,078 189,962 194,147 210,222 215,817 215,025 216,681 217,852 222,492 221,304 224,999 224,409 226,989 230,159 235,936 242,056 253,017 253,970 259,449 270,490 279,142 297,392 314,838 313,750 301,700 306,926 316,245 333,410 345,159 344,658 373,619 386,545 374,297 367,370 373,545 391,341 394,566 411,540 393,475
            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 52,803 59,980 61,765 57,201 56,694 58,463 61,238 60,622 62,731 45,927
            Long-term loans, liabilities 130,736 136,178 140,696 146,778 152,467 156,037 162,422 168,376 171,544 175,260 190,689 195,846 195,685 197,280 198,715 202,719 202,507 204,526 205,281 205,445 209,494 214,580 219,949 229,317 231,061 234,914 244,504 250,999 266,598 271,634 269,848 261,258 264,681 266,676 282,144 292,564 291,855 313,638 324,780 317,096 310,676 315,082 330,104 333,944 348,810 347,547
      Shares and other equity, liabilities 375,977 369,365 365,628 367,772 381,012 392,109 410,222 411,454 422,106 422,731 430,604 432,541 444,391 450,058 457,635 456,953 471,120 472,963 489,547 495,799 497,109 500,302 506,143 507,155 516,411 513,977 528,873 521,393 491,919 500,294 496,537 508,656 534,206 526,305 537,927 543,645 546,794 564,377 575,236 572,497 570,116 581,514 599,464 605,481 641,920 644,724
            Shares, excluding mutual funds shares, liabilities 351,503 344,503 340,800 342,546 352,970 362,177 377,831 379,254 387,271 387,115 393,516 396,772 406,666 411,011 415,087 415,167 424,778 424,318 439,649 447,834 445,587 446,974 450,822 452,505 457,745 450,738 461,299 455,498 427,158 430,449 425,403 436,680 456,806 450,416 459,296 464,955 472,801 486,958 496,287 496,843 494,381 502,817 512,976 517,182 542,876 541,167
            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
            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
      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
      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
            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
            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
      Other accounts payable 114,555 115,415 118,028 120,480 125,224 127,094 133,810 135,972 143,481 145,655 143,275 151,648 158,760 160,766 160,725 156,657 160,183 161,439 161,806 167,266 169,998 167,813 167,707 166,633 180,635 185,072 190,000 198,495 195,149 182,227 182,113 193,996 201,298 210,213 219,927 227,147 240,366 238,467 243,382 253,677 260,926 255,122 252,775 257,131 258,115 265,502