Taxes on incomes of individuals and corporations as share of GDP in Philippines
Philippines: Taxes on incomes of individuals and corporations as share of GDP was 5.8% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Philippines, 1987–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
In 2023, taxes on incomes of individuals and corporations as share of gdp in Philippines stood at 5.8%.
Compared with earlier readings it is up 2.8% on the previous year and down 3.1% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Philippines peaked at 6.2% in 2017 and was at its lowest, 2.8%, in 1987.
Philippines ranks 104th of 184 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 37 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Philippines, year by year
| Year | % | Change |
|---|---|---|
| 1987 | 2.8% | — |
| 1988 | 3.1% | +10.4% |
| 1989 | 3.6% | +18.9% |
| 1990 | 4.0% | +10.7% |
| 1991 | 4.3% | +6.2% |
| 1992 | 4.5% | +6.3% |
| 1993 | 4.4% | -2.1% |
| 1994 | 4.8% | +6.9% |
| 1995 | 5.1% | +7.4% |
| 1996 | 5.5% | +7.6% |
| 1997 | 5.9% | +7.7% |
| 1998 | 6.0% | +1.5% |
| 1999 | 5.5% | -8.6% |
| 2000 | 5.5% | -0.3% |
| 2001 | 5.6% | +1.3% |
| 2002 | 5.2% | -6.2% |
| 2003 | 5.2% | -0.1% |
| 2004 | 5.2% | +0.5% |
| 2005 | 5.5% | +4.6% |
| 2006 | 5.8% | +5.3% |
| 2007 | 5.9% | +3.0% |
| 2008 | 6.0% | +1.0% |
| 2009 | 5.2% | -13.4% |
| 2010 | 5.2% | +0.3% |
| 2011 | 5.6% | +8.3% |
| 2012 | 5.8% | +3.0% |
| 2013 | 6.0% | +2.6% |
| 2014 | 5.9% | -0.3% |
| 2015 | 6.1% | +2.1% |
| 2016 | 6.1% | +0.3% |
| 2017 | 6.2% | +1.7% |
| 2018 | 5.7% | -8.5% |
| 2019 | 6.0% | +5.3% |
| 2020 | 5.8% | -2.4% |
| 2021 | 5.4% | -6.5% |
| 2022 | 5.6% | +3.1% |
| 2023 | 5.8% | +2.8% |
Philippines compared with similar countries
- Philippines's 5.8% is above the median for upper middle income countries, which is 5.7%, 1.0× the median. (54 countries reporting)
- Philippines's 5.8% is below the median for East Asia & Pacific, which is 6.9%, 83% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.2% | 2.8% | 3.6% | 3 |
| 1990s | 5.0% | 4.0% | 6.0% | 10 |
| 2000s | 5.5% | 5.2% | 6.0% | 10 |
| 2010s | 5.9% | 5.2% | 6.2% | 10 |
| 2020s | 5.7% | 5.4% | 5.8% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is taxes on incomes of individuals and corporations as share of gdp in Philippines?
- Taxes on incomes of individuals and corporations as share of gdp in Philippines was 5.8% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Philippines?
- The highest recorded value was 6.2% in 2017.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Philippines?
- The lowest recorded value was 2.8% in 1987.
- How does Philippines rank for taxes on incomes of individuals and corporations as share of gdp?
- Philippines ranks 104th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Philippines?
- Over the last ten years it is down 3.1%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.