Central government debt, total in Philippines
Philippines: Central government debt, total was 5.74 trillion current LCU in 2014. ◆ Volatile
Central government debt, total in Philippines, 1990–2014
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2014, central government debt, total in Philippines stood at 5.74 trillion current LCU. That is the highest value across all 25 years on record.
The figure is up 1.0% on the previous year and up 50.5% over ten years.
Over the whole period, central government debt, total in Philippines peaked at 5.74 trillion current LCU in 2014 and was at its lowest, 552.64 billion current LCU, in 1990.
Philippines ranks 20th of 83 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.10 trillion current LCU | 552.64 billion current LCU | 1.78 trillion current LCU | 10 |
| 2000s | 3.46 trillion current LCU | 2.17 trillion current LCU | 4.40 trillion current LCU | 10 |
| 2010s | 5.30 trillion current LCU | 4.72 trillion current LCU | 5.74 trillion current LCU | 5 |
Countries ranked near Philippines
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.4% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 5.0% (2024)
- Net lending (+) / net borrowing (-) -5.7% (2024)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
Frequently asked questions
- What is central government debt, total in Philippines?
- Central government debt, total in Philippines was 5.74 trillion current LCU in 2014, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest central government debt, total recorded in Philippines?
- The highest recorded value was 5.74 trillion current LCU in 2014.
- What is the lowest central government debt, total recorded in Philippines?
- The lowest recorded value was 552.64 billion current LCU in 1990.
- How does Philippines rank for central government debt, total?
- Philippines ranks 20th out of 83 countries with data for 2014.
- Is central government debt, total rising or falling in Philippines?
- Over the last ten years it is up 50.5%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Central government debt, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.