Revenue, excluding grants in Philippines
Philippines: Revenue, excluding grants was 16.7% in 2024. ▬ Flat
Revenue, excluding grants in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for revenue, excluding grants in Philippines is 16.7%, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 6.2% on the previous year and up 15.6% over ten years.
Over the whole period, revenue, excluding grants in Philippines peaked at 16.7% in 2024 and was at its lowest, 12.8%, in 2010.
Philippines ranks 121st of 157 countries on this measure, in the bottom quarter.
Revenue, excluding grants in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 14.2% | — |
| 1991 | 15.0% | +5.7% |
| 1992 | 15.5% | +3.2% |
| 1993 | 15.3% | -1.3% |
| 1994 | 15.8% | +3.4% |
| 1995 | 15.5% | -1.9% |
| 1996 | 16.3% | +5.1% |
| 1997 | 16.6% | +2.0% |
| 1998 | 15.1% | -9.0% |
| 1999 | 14.2% | -6.3% |
| 2000 | 14.0% | -1.2% |
| 2001 | 14.2% | +1.4% |
| 2002 | 13.3% | -6.1% |
| 2003 | 13.6% | +2.0% |
| 2004 | 13.3% | -1.9% |
| 2005 | 13.8% | +3.5% |
| 2006 | 14.9% | +8.0% |
| 2007 | 14.5% | -2.3% |
| 2008 | 14.6% | +0.1% |
| 2009 | 13.4% | -8.1% |
| 2010 | 12.8% | -4.0% |
| 2011 | 13.4% | +4.3% |
| 2012 | 13.8% | +3.0% |
| 2013 | 14.2% | +3.0% |
| 2014 | 14.4% | +1.5% |
| 2015 | 14.7% | +1.7% |
| 2016 | 14.5% | -1.1% |
| 2017 | 14.9% | +2.9% |
| 2018 | 15.5% | +3.9% |
| 2019 | 16.1% | +3.5% |
| 2020 | 15.9% | -1.0% |
| 2021 | 15.5% | -2.7% |
| 2022 | 16.1% | +3.9% |
| 2023 | 15.7% | -2.2% |
| 2024 | 16.7% | +6.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 15.3% | 14.2% | 16.6% | 10 |
| 2000s | 14.0% | 13.3% | 14.9% | 10 |
| 2010s | 14.4% | 12.8% | 16.1% | 10 |
| 2020s | 16.0% | 15.5% | 16.7% | 5 |
Countries ranked near Philippines
- 118 Switzerland 17.0% compare
- 119 Argentina 16.9% compare
- 120 Malaysia 16.8% compare
- 122 Papua New Guinea 16.6% compare
- 123 Kazakhstan 16.5% compare
- 124 Nepal 16.5% compare
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 revenue, excluding grants in Philippines?
- Revenue, excluding grants in Philippines was 16.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest revenue, excluding grants recorded in Philippines?
- The highest recorded value was 16.7% in 2024.
- What is the lowest revenue, excluding grants recorded in Philippines?
- The lowest recorded value was 12.8% in 2010.
- How does Philippines rank for revenue, excluding grants?
- Philippines ranks 121st out of 157 countries with data for 2024.
- Is revenue, excluding grants rising or falling in Philippines?
- Over the last ten years it is up 15.6%. 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 Revenue, excluding grants (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Revenue is an increase in net worth resulting from a transaction. Grants are excluded from this figure. 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.