Philippines Government Budget Balance (% of GDP)
The yearly gap between government spending and revenue as a share of GDP; negative means a deficit.
−4.4%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Philippines economy18 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.Government Budget Balance (% of GDP)
1989 to 2024
Source: IMF World Economic Outlook (GGXCNL_NGDP) · general government net lending/borrowing, % of GDP, annual · actual years only. The IMF's figures for the years after the one shown are projections, which this site does not publish.
Philippines Government Budget Balance (% of GDP) in context
Worked out from the published series shown above.
In Philippines, the government budget balance fell by 0.1pp in 2024, from −4.4% in 2023.
Over the past five years it has ranged from −6.2% in 2021 to −1.5% in 2019.
Its average since 1989 is −1.6%, and the latest reading is below that.
How this series is defined
Everything you need to check the figure against the source.
- Source
- IMF
- Series
- World
- Frequency
- Annual
- Unit
- %
- Seasonal adjustment
- Not applicable, annual data
- Latest observation
- 2024
- Revision status
- Latest published estimate, subject to revision
This is the IMF's general government balance, covering all levels of government, so it differs from the national government deficit the Bureau of the Treasury reports.
Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.
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