Gross debt, General government, Percent of GDP (Gross Percent GDP) in Philippines
Philippines: Gross debt, General government, Percent of GDP (Gross Percent GDP) was 55.73 in 2030. ▼ Falling
Gross debt, General government, Percent of GDP in Philippines, 1994–2030
Source: International Monetary Fund.
Analysis
The most recent figure for gross debt, general government, percent of gdp in Philippines is 55.73, measured in 2030.
The figure is down 1.9% on the previous year and up 7.9% over ten years.
Over the whole period, gross debt, general government, percent of gdp in Philippines peaked at 71.39 in 2003 and was at its lowest, 36.97, in 2019.
Philippines ranks 86th of 193 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Gross debt, General government, Percent of GDP (Gross Percent GDP) in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1994 | 63.6 | — |
| 1995 | 60.85 | -4.3% |
| 1996 | 53.07 | -12.8% |
| 1997 | 56.89 | +7.2% |
| 1998 | 50.77 | -10.8% |
| 1999 | 54.22 | +6.8% |
| 2000 | 59.2 | +9.2% |
| 2001 | 59.47 | +0.5% |
| 2002 | 65.18 | +9.6% |
| 2003 | 71.39 | +9.5% |
| 2004 | 71.08 | -0.4% |
| 2005 | 64.67 | -9.0% |
| 2006 | 57.19 | -11.6% |
| 2007 | 50.17 | -12.3% |
| 2008 | 50.01 | -0.3% |
| 2009 | 49.81 | -0.4% |
| 2010 | 47.59 | -4.5% |
| 2011 | 45.43 | -4.5% |
| 2012 | 45.69 | +0.6% |
| 2013 | 43.86 | -4.0% |
| 2014 | 40.3 | -8.1% |
| 2015 | 39.69 | -1.5% |
| 2016 | 37.38 | -5.8% |
| 2017 | 38.13 | +2.0% |
| 2018 | 37.15 | -2.6% |
| 2019 | 36.97 | -0.5% |
| 2020 | 51.64 | +39.7% |
| 2021 | 57 | +10.4% |
| 2022 | 57.39 | +0.7% |
| 2023 | 56.48 | -1.6% |
| 2024 | 56.63 | +0.3% |
| 2025 | 58.17 | +2.7% |
| 2026 | 58.79 | +1.1% |
| 2027 | 58.66 | -0.2% |
| 2028 | 57.96 | -1.2% |
| 2029 | 56.84 | -1.9% |
| 2030 | 55.73 | -1.9% |
Philippines compared with similar countries
- Philippines's 55.73 is below the median for upper middle income countries, which is 56.49, 99% of the median. (56 countries reporting)
- Philippines's 55.73 is above the median for East Asia & Pacific, which is 41.53, 1.3× the median. (31 countries reporting)
Biggest year-on-year movements
Years where Gross debt, General government, Percent of GDP (Gross Percent GDP) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | +39.7% | 36.97 | 51.64 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 56.57 | 50.77 | 63.6 | 6 |
| 2000s | 59.82 | 49.81 | 71.39 | 10 |
| 2010s | 41.22 | 36.97 | 47.59 | 10 |
| 2020s | 56.96 | 51.64 | 58.79 | 10 |
| 2030s | 55.73 | 55.73 | 55.73 | 1 |
Countries ranked near Philippines
- 83 Costa Rica 57.44 compare
- 84 Lesotho 57.42 compare
- 85 Botswana 57.26 compare
- 87 San Marino 55.55 compare
- 88 North Macedonia 55.54 compare
- 89 Lithuania 54.49 compare
More external debt data for Philippines
- Net financial flows, IBRD 1.38 billion NFL, current US$ (2025)
- IFC, private nonguaranteed (NFL, US$), per capita 2.87 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 333.31 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita -0.0201 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre -8.3 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 3.83 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 89.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 123.11 billion DOD, current US$ (2025)
Frequently asked questions
- What is gross debt, general government, percent of gdp in Philippines?
- Gross debt, general government, percent of gdp in Philippines was 55.73 in 2030, according to International Monetary Fund.
- What is the highest gross debt, general government, percent of gdp recorded in Philippines?
- The highest recorded value was 71.39 in 2003.
- What is the lowest gross debt, general government, percent of gdp recorded in Philippines?
- The lowest recorded value was 36.97 in 2019.
- How does Philippines rank for gross debt, general government, percent of gdp?
- Philippines ranks 86th out of 193 countries with data for 2030.
- Is gross debt, general government, percent of gdp rising or falling in Philippines?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Gross debt, General government, Percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October