Subsidies and other transfers in Philippines
Philippines: Subsidies and other transfers was 26.5% in 2023. ▲ Rising
Subsidies and other transfers in Philippines, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
The most recent figure for subsidies and other transfers in Philippines is 26.5%, measured in 2023.
That represents a change of down 16.5% on the previous year and up 10.1% over ten years.
Over the whole period, subsidies and other transfers in Philippines peaked at 31.8% in 2022 and was at its lowest, 4.0%, in 1990.
That places Philippines 108th out of 152 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Subsidies and other transfers in Philippines, year by year
| Year | % of expense | Change |
|---|---|---|
| 1990 | 4.0% | — |
| 1991 | 4.9% | +21.1% |
| 1992 | 9.2% | +88.0% |
| 1993 | 14.8% | +60.7% |
| 2000 | 18.8% | +26.7% |
| 2001 | 19.5% | +3.8% |
| 2002 | 21.0% | +7.7% |
| 2003 | 20.7% | -1.0% |
| 2004 | 19.6% | -5.3% |
| 2005 | 17.3% | -11.8% |
| 2006 | 19.7% | +14.0% |
| 2007 | 22.1% | +12.0% |
| 2008 | 22.3% | +1.0% |
| 2009 | 23.2% | +3.8% |
| 2010 | 23.2% | +0.0% |
| 2011 | 26.9% | +16.0% |
| 2012 | 22.8% | -15.4% |
| 2013 | 24.1% | +5.9% |
| 2014 | 25.1% | +4.1% |
| 2015 | 24.8% | -1.2% |
| 2016 | 27.2% | +9.8% |
| 2017 | 29.3% | +7.9% |
| 2018 | 27.4% | -6.5% |
| 2019 | 28.4% | +3.3% |
| 2020 | 29.4% | +3.8% |
| 2021 | 29.0% | -1.5% |
| 2022 | 31.8% | +9.7% |
| 2023 | 26.5% | -16.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.2% | 4.0% | 14.8% | 4 |
| 2000s | 20.4% | 17.3% | 23.2% | 10 |
| 2010s | 25.9% | 22.8% | 29.3% | 10 |
| 2020s | 29.2% | 26.5% | 31.8% | 4 |
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 subsidies and other transfers in Philippines?
- Subsidies and other transfers in Philippines was 26.5% in 2023, 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 31.8% in 2022.
- What is the lowest subsidies and other transfers recorded in Philippines?
- The lowest recorded value was 4.0% in 1990.
- How does Philippines rank for subsidies and other transfers?
- Philippines ranks 108th out of 152 countries with data for 2023.
- Is subsidies and other transfers rising or falling in Philippines?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- 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 (% of expense). 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 as percentage of total expenses which is any decrease in net worth resulting from a transaction.