Expense in Philippines
Philippines: Expense was 4.10 trillion current LCU in 2023. ◆ Volatile
Expense in Philippines, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2023, expense in Philippines stood at 4.10 trillion current LCU. That is the highest value across all 28 years on record.
That represents a change of up 0.1% on the previous year and up 157.9% over ten years.
Over the whole period, expense in Philippines peaked at 4.10 trillion current LCU in 2023 and was at its lowest, 180.59 billion current LCU, in 1990.
Philippines ranks 35th of 157 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 | 208.44 billion current LCU | 180.59 billion current LCU | 234.56 billion current LCU | 4 |
| 2000s | 876.92 billion current LCU | 580.68 billion current LCU | 1.22 trillion current LCU | 10 |
| 2010s | 1.91 trillion current LCU | 1.30 trillion current LCU | 2.89 trillion current LCU | 10 |
| 2020s | 3.86 trillion current LCU | 3.51 trillion current LCU | 4.10 trillion current LCU | 4 |
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 expense in Philippines?
- Expense in Philippines was 4.10 trillion current LCU in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Philippines?
- The highest recorded value was 4.10 trillion current LCU in 2023.
- What is the lowest expense recorded in Philippines?
- The lowest recorded value was 180.59 billion current LCU in 1990.
- How does Philippines rank for expense?
- Philippines ranks 35th out of 157 countries with data for 2023.
- Is expense rising or falling in Philippines?
- Over the last ten years it is up 157.9%. 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 Expense (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. 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.