Subsidies and other transfers (current LCU) in Philippines
Philippines: Subsidies and other transfers (current LCU) was 1.16 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Philippines recorded 1.16 trillion current LCU for subsidies and other transfers in 2024.
Compared with earlier readings it is up 6.7% on the previous year and up 173.8% over ten years.
Over the whole period, subsidies and other transfers in Philippines peaked at 1.30 trillion current LCU in 2022 and was at its lowest, 7.31 billion current LCU, in 1990.
That places Philippines 39th out of 153 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Subsidies and other transfers (current LCU) in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 7.31 billion current LCU | — |
| 1991 | 9.78 billion current LCU | +33.8% |
| 1992 | 20.18 billion current LCU | +106.3% |
| 1993 | 34.72 billion current LCU | +72.1% |
| 2000 | 108.90 billion current LCU | +213.7% |
| 2001 | 128.24 billion current LCU | +17.8% |
| 2002 | 148.10 billion current LCU | +15.5% |
| 2003 | 159.58 billion current LCU | +7.8% |
| 2004 | 159.52 billion current LCU | -0.0% |
| 2005 | 169.24 billion current LCU | +6.1% |
| 2006 | 188.51 billion current LCU | +11.4% |
| 2007 | 221.05 billion current LCU | +17.3% |
| 2008 | 244.10 billion current LCU | +10.4% |
| 2009 | 282.08 billion current LCU | +15.6% |
| 2010 | 300.56 billion current LCU | +6.5% |
| 2011 | 368.82 billion current LCU | +22.7% |
| 2012 | 340.96 billion current LCU | -7.6% |
| 2013 | 383.58 billion current LCU | +12.5% |
| 2014 | 424.68 billion current LCU | +10.7% |
| 2015 | 465.57 billion current LCU | +9.6% |
| 2016 | 552.97 billion current LCU | +18.8% |
| 2017 | 661.24 billion current LCU | +19.6% |
| 2018 | 712.30 billion current LCU | +7.7% |
| 2019 | 819.52 billion current LCU | +15.1% |
| 2020 | 1.03 trillion current LCU | +26.1% |
| 2021 | 1.08 trillion current LCU | +4.2% |
| 2022 | 1.30 trillion current LCU | +21.0% |
| 2023 | 1.09 trillion current LCU | -16.4% |
| 2024 | 1.16 trillion current LCU | +6.7% |
Philippines compared with similar countries
- Philippines's 1.16 trillion current LCU is above the median for upper middle income countries, which is 139.97 billion current LCU, 8.3× the median. (46 countries reporting)
- Philippines's 1.16 trillion current LCU is above the median for East Asia & Pacific, which is 27.56 billion current LCU, 42.2× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Subsidies and other transfers (current LCU) 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 | +213.7% | 34.72 billion current LCU | 108.90 billion current LCU |
| 1992 | +106.3% | 9.78 billion current LCU | 20.18 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.00 billion current LCU | 7.31 billion current LCU | 34.72 billion current LCU | 4 |
| 2000s | 180.93 billion current LCU | 108.90 billion current LCU | 282.08 billion current LCU | 10 |
| 2010s | 503.02 billion current LCU | 300.56 billion current LCU | 819.52 billion current LCU | 10 |
| 2020s | 1.13 trillion current LCU | 1.03 trillion current LCU | 1.30 trillion current LCU | 5 |
Countries ranked near Philippines
More public sector data for Philippines
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 846.00 million SIPRI trend indicator values (2025)
- 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)
Frequently asked questions
- What is subsidies and other transfers in Philippines?
- Subsidies and other transfers in Philippines was 1.16 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Philippines?
- The highest recorded value was 1.30 trillion current LCU in 2022.
- What is the lowest subsidies and other transfers recorded in Philippines?
- The lowest recorded value was 7.31 billion current LCU in 1990.
- How does Philippines rank for subsidies and other transfers?
- Philippines ranks 39th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Philippines?
- Over the last ten years it is up 173.8%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. 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.