Philippines Government Debt (% of GDP)
Everything government owes, across all levels of government, compared with the size of the economy.
56.6%
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 Debt (% of GDP)
1993 to 2024
Source: IMF World Economic Outlook (GGXWDG_NGDP) · general government gross debt, % 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 Debt (% of GDP) in context
Worked out from the published series shown above.
In Philippines, the government debt rose by 0.1pp in 2024, from 56.5% in 2023.
Over the past five years it has ranged from 37.0% in 2019 to 57.4% in 2022.
Its average since 1993 is 53.2%, and the latest reading is above that.
Philippines is 32nd of 54 countries in our Government Debt to GDP by Country ranking.
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
Data refreshed 2026-10-12. Figures are the latest published observations and can be revised.
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