Philippines recorded a Government Debt to GDP of 53.50 percent of the country's Gross Domestic Product in 2020. source: Bureau of the Treasury, Philippines

Government Debt to GDP in Philippines averaged 55.15 percent of GDP from 1990 until 2020, reaching an all time high of 74.90 percent of GDP in 1993 and a record low of 39.60 percent of GDP 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 October of 2021.

Government Debt to GDP in Philippines is expected to reach 53.00 percent of GDP by the end of 2021, 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 54.00 percent of GDP in 2022, according to our econometric models.

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Philippines Government Debt to GDP


Philippines Last Unit Reference Previous Highest Lowest
Government Debt to GDP 53.50 percent of GDP Dec/20 39.60 74.90 39.60
Government Budget Value -120936.00 PHP Million Aug/21 -121186.00 86872.00 -302590.00
Government Revenues 259252.00 PHP Million Aug/21 256071.00 350977.00 81.00
Fiscal Expenditure 380188.00 PHP Million Aug/21 377257.00 541138.00 107.00


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.