Philippines: Government spending, in dollars

* indicates monthly or quarterly data series
 Philippines

Government spending, billion USD

 Latest value 62.29
 Year 2023
 Measure billion U.S. dollars
 Data availability 1981 - 2023
 Average 18.38
 Min - Max 2.41 - 62.29
 Source The World Bank
The latest value from 2023 is 62.29 billion U.S. dollars, an increase from 60.83 billion U.S. dollars in 2022. In comparison, the world average is 109.33 billion U.S. dollars, based on data from 146 countries. Historically, the average for the Philippines from 1981 to 2023 is 18.38 billion U.S. dollars. The minimum value, 2.41 billion U.S. dollars, was reached in 1984 while the maximum of 62.29 billion U.S. dollars was recorded in 2023. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Philippines - Government spending, in dollars - Recent values chart

Historical series
Philippines - Government spending, in dollars - historical chart - 1981-2023




Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. Data are in current U.S. dollars.

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 Related indicators Latest Reference Measure
 Government spending, percent of GDP 14.25 2023 percent
 Government spending, in dollars 62.29 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -6.20 2023 percent
 Government debt 60.18 2023 percent
 Government expenditure 946.23 Q3/2024 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 1,612.48 2022 million U.S. dollars
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