Philippines recorded a government debt equivalent to 41.50 percent of the country's Gross Domestic Product in 2019. source: Bureau of the Treasury, Philippines

Government Debt to GDP in Philippines averaged 55.27 percent from 1990 until 2019, reaching an all time high of 74.90 percent in 1993 and a record low of 41.50 percent in 2019. This page provides - Philippines Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Debt to GDP - values, historical data and charts - was last updated on December of 2020.

Government Debt to GDP in Philippines is expected to reach 55.00 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Debt to GDP is projected to trend around 45.00 percent in 2021 and 40.00 percent in 2022, according to our econometric models.

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Philippines Government Debt to GDP

Actual Previous Highest Lowest Dates Unit Frequency
41.50 41.80 74.90 41.50 1990 - 2019 percent Yearly

Philippines Government Last Previous Highest Lowest Unit
Government Debt to GDP 41.50 41.80 74.90 41.50 percent [+]
Government Budget -3.50 -3.20 1.00 -5.30 percent of GDP [+]
Government Budget Value -61362.00 -138525.00 86872.00 -273881.00 PHP Million [+]
Government Spending 612156.61 854691.94 854691.94 62728.31 PHP Million [+]
Government Revenues 228206.00 212415.00 350977.00 81.00 PHP Million [+]
Fiscal Expenditure 289568.00 350940.00 494389.00 107.00 PHP Million [+]
Military Expenditure 3753.00 3755.00 4223.00 513.00 USD Million [+]
Credit Rating 61.00 [+]


Philippines Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.