Philippines: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Philippines

Fiscal balance, percent of GDP

 Latest value -7.3
 Year 2022
 Measure percent
 Data availability 1988 - 2022
 Average -2.63
 Min - Max -8.6 - 1
 Source Central Bank of Philippines
For that indicator, we provide data for the Philippines from 1988 to 2022. The average value for the Philippines during that period was -2.63 percent with a minimum of -8.6 percent in 2021 and a maximum of 1 percent in 1994. The latest value from 2022 is -7.3 percent. For comparison, the world average in 2022 based on 149 countries is -2.63 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Philippines - Fiscal balance, percent of GDP - recent values

Historical chart
Philippines - Fiscal balance, percent of GDP - historical chart - 1988-2022




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.


 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 15.01 2022 percent
 Government spending, in dollars 60.69 2022 billion U.S. dollars
 Fiscal balance, percent of GDP -7.30 2022 percent
 Government debt 60.50 2021 percent
 Government expenditure 870.63 Q3/2023 billion
 Tax revenue 14.62 2022 percent
 Commercial tax rate 43.10 2019 percent
 Tax preparation time 171 2019 hours
 Number of taxes 13 2019 taxes
 Taxes on goods and services 25.86 2022 percent
 Taxes on international trade 24.34 2022 percent
 Income and profits taxes 34.91 2022 percent
 Foreign aid 1,632.45 2021 million U.S. dollars
This site uses cookies.
Learn more here


OK