Cash surplus/deficit as a proportion of GDP in Philippines
Philippines: Cash surplus/deficit as a proportion of GDP was -16.9% in 2023. ▼ Falling
Cash surplus/deficit as a proportion of GDP in Philippines, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
In 2023, cash surplus/deficit as a proportion of gdp in Philippines stood at -16.9%.
Compared with earlier readings it is up 9.3% on the previous year and down 27.8% over ten years.
Over the whole period, cash surplus/deficit as a proportion of gdp in Philippines peaked at -12.8% in 2014 and was at its lowest, -19.6%, in 2020.
That places Philippines 35th out of 162 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Cash surplus/deficit as a proportion of GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -15.7% | — |
| 2001 | -16.4% | +4.3% |
| 2002 | -16.2% | -0.8% |
| 2003 | -16.3% | +0.4% |
| 2004 | -15.2% | -6.5% |
| 2005 | -16.5% | +8.3% |
| 2006 | -14.6% | -11.7% |
| 2007 | -13.9% | -4.7% |
| 2008 | -13.6% | -2.2% |
| 2009 | -14.5% | +6.8% |
| 2010 | -13.8% | -4.9% |
| 2011 | -13.5% | -2.0% |
| 2012 | -13.5% | +0.2% |
| 2013 | -13.2% | -2.5% |
| 2014 | -12.8% | -2.9% |
| 2015 | -13.5% | +5.1% |
| 2016 | -13.4% | -0.3% |
| 2017 | -13.6% | +1.3% |
| 2018 | -14.2% | +4.4% |
| 2019 | -14.8% | +4.2% |
| 2020 | -19.6% | +32.1% |
| 2021 | -19.1% | -2.2% |
| 2022 | -18.6% | -2.8% |
| 2023 | -16.9% | -9.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -15.3% | -16.5% | -13.6% | 10 |
| 2010s | -13.6% | -14.8% | -12.8% | 10 |
| 2020s | -18.5% | -19.6% | -16.9% | 4 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Exports of goods and services (current LCU), annual growth rate 9.25 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.27 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 63,678 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.24 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2865 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 1,195 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 1.83 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2274 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is cash surplus/deficit as a proportion of gdp in Philippines?
- Cash surplus/deficit as a proportion of gdp in Philippines was -16.9% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest cash surplus/deficit as a proportion of gdp recorded in Philippines?
- The highest recorded value was -12.8% in 2014.
- What is the lowest cash surplus/deficit as a proportion of gdp recorded in Philippines?
- The lowest recorded value was -19.6% in 2020.
- How does Philippines rank for cash surplus/deficit as a proportion of gdp?
- Philippines ranks 35th out of 162 countries with data for 2023.
- Is cash surplus/deficit as a proportion of gdp rising or falling in Philippines?
- Over the last ten years it is down 27.8%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Cash surplus/deficit as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).