Cyclically adjusted balance, General government, Percent of potential in Philippines
Philippines: Cyclically adjusted balance, General government, Percent of potential was -1.8 in 2030. ◆ Volatile
Latest (2030)
-1.8
Change on year
up 2.0%
World rank
30th
of 88 countries
All-time high
1.15
in 2014
All-time low
-5.6
in 2022
Years of data
40
1991–2030
Cyclically adjusted balance, General government, Percent of potential in Philippines, 1991–2030
Source: International Monetary Fund.
Analysis
In 2030, cyclically adjusted balance, general government, percent of potential in Philippines stood at -1.8.
Compared with earlier readings it is up 2.0% on the previous year and up 45.9% over ten years.
Over the whole period, cyclically adjusted balance, general government, percent of potential in Philippines peaked at 1.15 in 2014 and was at its lowest, -5.6, in 2022.
That places Philippines 30th out of 88 countries with data for 2030, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Cyclically adjusted balance, General government, Percent of potential in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | -0.4732 | — |
| 1992 | -0.291 | -38.5% |
| 1993 | 0.8791 | -402.1% |
| 1994 | -0.9952 | -213.2% |
| 1995 | -0.6522 | -34.5% |
| 1996 | -0.6708 | +2.8% |
| 1997 | -1.11 | +65.0% |
| 1998 | -1.51 | +36.9% |
| 1999 | -2.86 | +88.8% |
| 2000 | -3.72 | +30.3% |
| 2001 | -3.75 | +0.5% |
| 2002 | -3.9 | +4.2% |
| 2003 | -3.74 | -4.1% |
| 2004 | -3.12 | -16.6% |
| 2005 | -1.89 | -39.3% |
| 2006 | -0.0326 | -98.3% |
| 2007 | -0.4919 | +1406.8% |
| 2008 | -0.1562 | -68.2% |
| 2009 | -2.13 | +1265.8% |
| 2010 | -2.34 | +9.8% |
| 2011 | -0.3295 | -85.9% |
| 2012 | -0.3149 | -4.4% |
| 2013 | 0.3645 | -215.8% |
| 2014 | 1.15 | +215.9% |
| 2015 | 0.1995 | -82.7% |
| 2016 | -0.7741 | -487.9% |
| 2017 | -0.8298 | +7.2% |
| 2018 | -1.53 | +84.3% |
| 2019 | -1.49 | -2.5% |
| 2020 | -3.34 | +123.9% |
| 2021 | -5.29 | +58.5% |
| 2022 | -5.6 | +5.8% |
| 2023 | -4.43 | -20.8% |
| 2024 | -3.78 | -14.6% |
| 2025 | -3.49 | -7.7% |
| 2026 | -3.05 | -12.5% |
| 2027 | -2.62 | -14.1% |
| 2028 | -2.13 | -19.0% |
| 2029 | -1.84 | -13.4% |
| 2030 | -1.8 | -2.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -0.8538 | -2.86 | 0.8791 | 9 |
| 2000s | -2.29 | -3.9 | -0.0326 | 10 |
| 2010s | -0.5894 | -2.34 | 1.15 | 10 |
| 2020s | -3.56 | -5.6 | -1.84 | 10 |
| 2030s | -1.8 | -1.8 | -1.8 | 1 |
Countries ranked near Philippines
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 2.05 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 90.4 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 238.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 52.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0133 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 18.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 6.12 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 419.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is cyclically adjusted balance, general government, percent of potential in Philippines?
- Cyclically adjusted balance, general government, percent of potential in Philippines was -1.8 in 2030, according to International Monetary Fund.
- What is the highest cyclically adjusted balance, general government, percent of potential recorded in Philippines?
- The highest recorded value was 1.15 in 2014.
- What is the lowest cyclically adjusted balance, general government, percent of potential recorded in Philippines?
- The lowest recorded value was -5.6 in 2022.
- How does Philippines rank for cyclically adjusted balance, general government, percent of potential?
- Philippines ranks 30th out of 88 countries with data for 2030.
- Is cyclically adjusted balance, general government, percent of potential rising or falling in Philippines?
- Over the last ten years it is up 45.9%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Cyclically adjusted balance, General government, Percent of potential GDP. Statizoid updates them automatically from the source API.
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About this data
Fiscal Monitor (FM) 2025 October