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Government debt — all countries

Government debt — Philippines

Government debt in the Philippines in 2031 — 54.7%. Ranked 107 in the world out of 184. Since 1993, the indicator has fallen by 19.2 pp.

2031 54.7% −1.7 pp vs 2030
World rank 107of 184
Period maximum 73.9%1993
Period minimum 37%2019

Trend over time

1993–2031 · % of GDP

Government debt — Philippines, 1993–2031304050607080199319972001200520092013201720212025202920311993: 73.9%1994: 63.6%1995: 60.8%1996: 53.1%1997: 56.9%1998: 50.8%1999: 54.2%2000: 59.2%2001: 59.5%2002: 65.2%2003: 71.4%2004: 71.1%2005: 64.7%2006: 57.2%2007: 50.2%2008: 50%2009: 49.8%2010: 47.6%2011: 45.4%2012: 45.7%2013: 43.9%2014: 40.3%2015: 39.7%2016: 37.4%2017: 38.1%2018: 37.1%2019: 37%2020: 51.6%2021: 57%2022: 57.4%2023: 56.5%2024: 56.6%2025: 59.4%2026: 60.2%2027: 59.9%2028: 59.2%2029: 58%2030: 56.4%2031: 54.7%
Change over the period: −19.2 pp Annual average: -0.51 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Philippines

Philippines 54.7%
World computed 102.5%
East Asia & Pacific computed 113.3%
South-Eastern Asia computed 65.2%
Lower-middle-income countries computed 64.8%
Government debt — Philippines, by year Philippines All countries CSV XLSX
Year % Change, pp
2031 54.7 −1.7 pp
2030 56.4 −1.6 pp
2029 58 −1.2 pp
2028 59.2 −0.7 pp
2027 59.9 −0.3 pp
2026 60.2 +0.8 pp
2025 59.4 +2.8 pp
2024 56.6 +0.1 pp
2023 56.5 −0.9 pp
2022 57.4 +0.4 pp
2021 57 +5.4 pp
2020 51.6 +14.6 pp
2019 37 −0.1 pp
2018 37.1 −1 pp
2017 38.1 +0.7 pp
2016 37.4 −2.3 pp
2015 39.7 −0.6 pp
2014 40.3 −3.6 pp
2013 43.9 −1.8 pp
2012 45.7 +0.3 pp
2011 45.4 −2.2 pp
2010 47.6 −2.2 pp
2009 49.8 −0.2 pp
2008 50 −0.2 pp
2007 50.2 −7 pp
2006 57.2 −7.5 pp
2005 64.7 −6.4 pp
2004 71.1 −0.3 pp
2003 71.4 +6.2 pp
2002 65.2 +5.7 pp
2001 59.5 +0.3 pp
2000 59.2 +5 pp
1999 54.2 +3.4 pp
1998 50.8 −6.1 pp
1997 56.9 +3.8 pp
1996 53.1 −7.7 pp
1995 60.8 −2.8 pp
1994 63.6 −10.3 pp
1993 73.9 —

South-Eastern Asia, 2031

The same indicator for neighboring countries — with links to their pages

BN Brunei Darussalam 1.2 TL Timor-Leste 16 VN Vietnam 26.6 KH Cambodia 27.8 ID Indonesia 42.2 MM Myanmar 48.5 LA Laos 51.7 PH Philippines 54.7 MY Malaysia 65.4 TH Thailand 69.7 SG Singapore 174.7
Full table for all countries

About the indicator

Gross general government debt as a percent of GDP from the IMF World Economic Outlook database: all liabilities that require future payments of interest and/or principal. It covers the central government, regional and local budgets and extrabudgetary funds where the data allow. The threshold of 60% of GDP is used in the EU Maastricht criteria as a benchmark of sustainability.

Important: The coverage of the government sector differs between countries; when levels are compared, it matters whether regional budgets are included.

Source: World Economic Outlook (IMF), license IMF open data.

Other indicators for the Philippines

Public Finance Budget balance

The budget deficit or surplus as a percent of GDP. A negative value means spending exceeds revenue.

Philippines by year Public Finance External debt

How much a country as a whole owes abroad — government, banks and companies together.

Philippines by year Public Finance Government revenue

How much the state collects in a year — all revenue except foreign grants.

Philippines by year Public Finance Tax revenue (% of GDP)

Taxes collected as a percent of GDP — the fiscal capacity of the state.

Philippines by year
All indicators for the Philippines