Expense in Philippines
Philippines: Expense was 16.9% in 2023. ▲ Rising
Expense in Philippines, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, expense in Philippines stood at 16.9%.
Compared with earlier readings it is down 9.3% on the previous year and up 27.8% over ten years.
Over the whole period, expense in Philippines peaked at 19.6% in 2020 and was at its lowest, 12.8%, in 2014.
That places Philippines 126th out of 157 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Expense in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 14.7% | — |
| 1991 | 14.0% | -4.6% |
| 1992 | 14.2% | +1.3% |
| 1993 | 13.9% | -1.9% |
| 2000 | 15.7% | +12.6% |
| 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 |
|---|---|---|---|---|
| 1990s | 14.2% | 13.9% | 14.7% | 4 |
| 2000s | 15.3% | 13.6% | 16.5% | 10 |
| 2010s | 13.6% | 12.8% | 14.8% | 10 |
| 2020s | 18.5% | 16.9% | 19.6% | 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)
- Net primary income (Net income from abroad) (current LCU), annual 22.01 % change on previous year (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0124 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 80.53 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 58.8 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.017 (2025)
- Gdp worldbank constant usd, annual growth rate 4.4 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.9749 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,066 units per person (2025)
Frequently asked questions
- What is expense in Philippines?
- Expense in Philippines was 16.9% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Philippines?
- The highest recorded value was 19.6% in 2020.
- What is the lowest expense recorded in Philippines?
- The lowest recorded value was 12.8% in 2014.
- How does Philippines rank for expense?
- Philippines ranks 126th out of 157 countries with data for 2023.
- Is expense rising or falling in Philippines?
- Over the last ten years it is up 27.8%. The long-run trend across the full record is rising.
- 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 Expense (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. 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.