Central government debt, total in Philippines
Philippines: Central government debt, total was 43.4% in 2014. ▬ Flat
Central government debt, total in Philippines, 1990–2014
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2014, central government debt, total in Philippines stood at 43.4%. That is the lowest value across all 25 years on record.
Compared with earlier readings it is down 7.9% on the previous year and down 39.3% over ten years.
Over the whole period, central government debt, total in Philippines peaked at 71.6% in 2004 and was at its lowest, 43.4%, in 2014.
Philippines ranks 53rd of 83 countries on this measure, in the middle of the range.
Central government debt, total in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 45.0% | — |
| 1991 | 43.6% | -3.2% |
| 1992 | 46.3% | +6.2% |
| 1993 | 58.8% | +27.2% |
| 1994 | 49.4% | -16.0% |
| 1995 | 53.5% | +8.2% |
| 1996 | 46.6% | -12.9% |
| 1997 | 48.7% | +4.6% |
| 1998 | 58.3% | +19.7% |
| 1999 | 52.8% | -9.3% |
| 2000 | 58.6% | +10.9% |
| 2001 | 59.3% | +1.1% |
| 2002 | 64.7% | +9.2% |
| 2003 | 71.1% | +9.9% |
| 2004 | 71.6% | +0.7% |
| 2005 | 65.7% | -8.2% |
| 2006 | 58.8% | -10.5% |
| 2007 | 51.6% | -12.3% |
| 2008 | 52.4% | +1.7% |
| 2009 | 52.4% | -0.1% |
| 2010 | 50.2% | -4.2% |
| 2011 | 48.8% | -2.8% |
| 2012 | 49.2% | +0.7% |
| 2013 | 47.1% | -4.1% |
| 2014 | 43.4% | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 50.3% | 43.6% | 58.8% | 10 |
| 2000s | 60.6% | 51.6% | 71.6% | 10 |
| 2010s | 47.7% | 43.4% | 50.2% | 5 |
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)
- Gross capital formation (constant 2015 US$), annual growth rate -1.69 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.2093 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 872.94 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 5.81 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4024 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 1,678 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 6.21 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 23.14 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is central government debt, total in Philippines?
- Central government debt, total in Philippines was 43.4% in 2014, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Philippines?
- The highest recorded value was 71.6% in 2004.
- What is the lowest central government debt, total recorded in Philippines?
- The lowest recorded value was 43.4% in 2014.
- How does Philippines rank for central government debt, total?
- Philippines ranks 53rd out of 83 countries with data for 2014.
- Is central government debt, total rising or falling in Philippines?
- Over the last ten years it is down 39.3%. The long-run trend across the full record is flat.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.