Primary net lending (+) / net borrowing (-) … Primary Percent GDP in Philippines
Philippines: Primary net lending (+) / net borrowing (-) … Primary Percent GDP was 0.8926 in 2030. ◆ Volatile
Primary net lending (+) / net borrowing (-), General government in Philippines, 1991–2030
Source: International Monetary Fund.
Analysis
Philippines recorded 0.8926 for primary net lending (+) / net borrowing (-), general government in 2030.
Compared with earlier readings it is up 7.1% on the previous year and up 124.0% over ten years.
Over the whole period, primary net lending (+) / net borrowing (-), general government in Philippines peaked at 4.56 in 2006 and was at its lowest, -4.43, in 2021.
Philippines ranks 59th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary net lending (+) / net borrowing (-) … Primary Percent GDP in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 4.24 | — |
| 1992 | 3.94 | -7.0% |
| 1993 | 4.45 | +13.0% |
| 1994 | 4.5 | +1.2% |
| 1995 | 4.2 | -6.7% |
| 1996 | 4.51 | +7.4% |
| 1997 | 4.03 | -10.7% |
| 1998 | 2.59 | -35.8% |
| 1999 | 1.36 | -47.4% |
| 2000 | 0.8538 | -37.3% |
| 2001 | 1.16 | +36.4% |
| 2002 | 0.6183 | -46.9% |
| 2003 | 1.33 | +115.1% |
| 2004 | 2.12 | +59.5% |
| 2005 | 3.42 | +61.4% |
| 2006 | 4.56 | +33.3% |
| 2007 | 3.27 | -28.3% |
| 2008 | 3.27 | +0.0% |
| 2009 | 0.5988 | -81.7% |
| 2010 | 0.6527 | +9.0% |
| 2011 | 2.09 | +220.7% |
| 2012 | 2.29 | +9.4% |
| 2013 | 2.74 | +19.5% |
| 2014 | 3.47 | +26.9% |
| 2015 | 2.11 | -39.4% |
| 2016 | 1.04 | -50.8% |
| 2017 | 0.8757 | -15.5% |
| 2018 | 0.1687 | -80.7% |
| 2019 | 0.0666 | -60.5% |
| 2020 | -3.73 | -5692.4% |
| 2021 | -4.43 | +18.8% |
| 2022 | -3.5 | -21.0% |
| 2023 | -2.11 | -39.8% |
| 2024 | -1.2 | -43.1% |
| 2025 | -0.9217 | -23.1% |
| 2026 | -0.307 | -66.7% |
| 2027 | 0.1581 | -151.5% |
| 2028 | 0.6565 | +315.2% |
| 2029 | 0.8332 | +26.9% |
| 2030 | 0.8926 | +7.1% |
Philippines compared with similar countries
- Philippines's 0.8926 is above the median for upper middle income countries, which is 0.0281, 31.8× the median. (55 countries reporting)
- Philippines's 0.8926 is above the median for East Asia & Pacific, which is -1.01. (27 countries reporting)
Biggest year-on-year movements
Years where Primary net lending (+) / net borrowing (-) … Primary 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 | -5692.4% | 0.0666 | -3.73 |
| 2028 | +315.2% | 0.1581 | 0.6565 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.76 | 1.36 | 4.51 | 9 |
| 2000s | 2.12 | 0.5988 | 4.56 | 10 |
| 2010s | 1.55 | 0.0666 | 3.47 | 10 |
| 2020s | -1.45 | -4.43 | 0.8332 | 10 |
| 2030s | 0.8926 | 0.8926 | 0.8926 | 1 |
Countries ranked near Philippines
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 primary net lending (+) / net borrowing (-), general government in Philippines?
- Primary net lending (+) / net borrowing (-), general government in Philippines was 0.8926 in 2030, according to International Monetary Fund.
- What is the highest primary net lending (+) / net borrowing (-), general government recorded in Philippines?
- The highest recorded value was 4.56 in 2006.
- What is the lowest primary net lending (+) / net borrowing (-), general government recorded in Philippines?
- The lowest recorded value was -4.43 in 2021.
- How does Philippines rank for primary net lending (+) / net borrowing (-), general government?
- Philippines ranks 59th out of 188 countries with data for 2030.
- Is primary net lending (+) / net borrowing (-), general government rising or falling in Philippines?
- Over the last ten years it is up 124.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Primary net lending (+) / net borrowing (-), 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