Net lending (+) / net borrowing (-) (% of GDP) in Philippines
Philippines: Net lending (+) / net borrowing (-) (% of GDP) was -5.7% in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Philippines recorded -5.7% for net lending (+) / net borrowing (-) in 2024.
The figure is up 7.1% on the previous year and down 1,097.5% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Philippines peaked at -0.5% in 2014 and was at its lowest, -8.3%, in 2021.
Philippines ranks 134th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net lending (+) / net borrowing (-) (% of GDP) in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | -2.5% | — |
| 1991 | -1.3% | -46.8% |
| 1992 | -1.5% | +13.2% |
| 1993 | -0.7% | -52.1% |
| 2000 | -4.0% | +467.6% |
| 2001 | -4.0% | -0.5% |
| 2002 | -5.0% | +25.3% |
| 2003 | -4.3% | -13.9% |
| 2004 | -3.7% | -15.0% |
| 2005 | -4.3% | +15.1% |
| 2006 | -1.2% | -71.8% |
| 2007 | -1.4% | +13.1% |
| 2008 | -1.2% | -14.9% |
| 2009 | -3.6% | +212.6% |
| 2010 | -3.3% | -8.0% |
| 2011 | -1.7% | -49.1% |
| 2012 | -1.9% | +10.3% |
| 2013 | -1.2% | -37.6% |
| 2014 | -0.5% | -59.2% |
| 2015 | -1.3% | +168.9% |
| 2016 | -2.2% | +71.2% |
| 2017 | -2.1% | -3.1% |
| 2018 | -3.1% | +46.2% |
| 2019 | -3.3% | +6.1% |
| 2020 | -7.4% | +126.9% |
| 2021 | -8.3% | +11.0% |
| 2022 | -7.2% | -13.4% |
| 2023 | -6.1% | -14.7% |
| 2024 | -5.7% | -7.1% |
Philippines compared with similar countries
- Philippines's -5.7% is below the median for upper middle income countries, which is -2.1%, 2.7× the median. (47 countries reporting)
- Philippines's -5.7% is below the median for East Asia & Pacific, which is -1.4%, 4.0× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Net lending (+) / net borrowing (-) (% of GDP) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | -467.6% | -0.7% | -4.0% |
| 2009 | -212.6% | -1.2% | -3.6% |
| 2015 | -168.9% | -0.5% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.5% | -2.5% | -0.7% | 4 |
| 2000s | -3.3% | -5.0% | -1.2% | 10 |
| 2010s | -2.0% | -3.3% | -0.5% | 10 |
| 2020s | -6.9% | -8.3% | -5.7% | 5 |
Countries ranked near Philippines
More public sector data for Philippines
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- Elected parliament, annual growth rate 0 % change on previous year (2025)
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- Arms imports 846.00 million SIPRI trend indicator values (2025)
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Frequently asked questions
- What is net lending (+) / net borrowing (-) in Philippines?
- Net lending (+) / net borrowing (-) in Philippines was -5.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Philippines?
- The highest recorded value was -0.5% in 2014.
- What is the lowest net lending (+) / net borrowing (-) recorded in Philippines?
- The lowest recorded value was -8.3% in 2021.
- How does Philippines rank for net lending (+) / net borrowing (-)?
- Philippines ranks 134th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Philippines?
- Over the last ten years it is down 1,097.5%. 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 Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.