Tax revenue (current LCU), annual growth rate in Philippines
Philippines: Tax revenue (current LCU), annual growth rate was 10.83 % change on previous year in 2024. ◆ Volatile
Tax revenue (current LCU), annual growth rate in Philippines, 1991–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Philippines recorded 10.83 % change on previous year for tax revenue (current lcu), annual growth rate in 2024.
That represents a change of up 66.9% on the previous year and down 9.2% over ten years.
Over the whole period, tax revenue (current lcu), annual growth rate in Philippines peaked at 21.87 % change on previous year in 2006 and was at its lowest, -11.44 % change on previous year, in 2020.
That places Philippines 72nd out of 156 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Tax revenue (current LCU), annual growth rate in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1991 | 20.15 % change on previous year | — |
| 1992 | 14.5 % change on previous year | -28.1% |
| 1993 | 10.28 % change on previous year | -29.1% |
| 1994 | 17.87 % change on previous year | +73.8% |
| 1995 | 14.45 % change on previous year | -19.1% |
| 1996 | 18.48 % change on previous year | +27.8% |
| 1997 | 12.03 % change on previous year | -34.9% |
| 1998 | 1.07 % change on previous year | -91.1% |
| 1999 | 3.62 % change on previous year | +238.0% |
| 2000 | 6.56 % change on previous year | +80.9% |
| 2001 | 7.31 % change on previous year | +11.5% |
| 2002 | 2.84 % change on previous year | -61.2% |
| 2003 | 8.43 % change on previous year | +196.7% |
| 2004 | 9.93 % change on previous year | +17.8% |
| 2005 | 16.62 % change on previous year | +67.5% |
| 2006 | 21.87 % change on previous year | +31.6% |
| 2007 | 8.49 % change on previous year | -61.2% |
| 2008 | 12.47 % change on previous year | +46.8% |
| 2009 | -6.45 % change on previous year | -151.7% |
| 2010 | 11.42 % change on previous year | -277.1% |
| 2011 | 9.91 % change on previous year | -13.2% |
| 2012 | 13.23 % change on previous year | +33.5% |
| 2013 | 12.83 % change on previous year | -3.1% |
| 2014 | 11.93 % change on previous year | -7.0% |
| 2015 | 5.62 % change on previous year | -52.9% |
| 2016 | 9.08 % change on previous year | +61.8% |
| 2017 | 13.65 % change on previous year | +50.2% |
| 2018 | 14 % change on previous year | +2.6% |
| 2019 | 10.21 % change on previous year | -27.1% |
| 2020 | -11.44 % change on previous year | -212.0% |
| 2021 | 9.52 % change on previous year | -183.2% |
| 2022 | 17.41 % change on previous year | +83.0% |
| 2023 | 6.49 % change on previous year | -62.7% |
| 2024 | 10.83 % change on previous year | +66.9% |
Philippines compared with similar countries
- Philippines's 10.83 % change on previous year is above the median for upper middle income countries, which is 10.14 % change on previous year, 1.1× the median. (48 countries reporting)
- Philippines's 10.83 % change on previous year is above the median for East Asia & Pacific, which is 8.16 % change on previous year, 1.3× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 12.5 % change on previous year | 1.07 % change on previous year | 20.15 % change on previous year | 9 |
| 2000s | 8.81 % change on previous year | -6.45 % change on previous year | 21.87 % change on previous year | 10 |
| 2010s | 11.19 % change on previous year | 5.62 % change on previous year | 14 % change on previous year | 10 |
| 2020s | 6.56 % change on previous year | -11.44 % change on previous year | 17.41 % change on previous year | 5 |
Countries ranked near Philippines
- 69 Cameroon 10.97 % change on previous year compare
- 70 Barbados 10.92 % change on previous year compare
- 71 Dominican Republic 10.88 % change on previous year compare
- 73 Burundi 10.81 % change on previous year compare
- 74 Tonga 10.71 % change on previous year compare
- 75 Bahamas 10.61 % change on previous year compare
More public sector data for Philippines
- Democracy, 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)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Elected parliament, 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)
- Democracy 6 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is tax revenue (current lcu), annual growth rate in Philippines?
- Tax revenue (current lcu), annual growth rate in Philippines was 10.83 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest tax revenue (current lcu), annual growth rate recorded in Philippines?
- The highest recorded value was 21.87 % change on previous year in 2006.
- What is the lowest tax revenue (current lcu), annual growth rate recorded in Philippines?
- The lowest recorded value was -11.44 % change on previous year in 2020.
- How does Philippines rank for tax revenue (current lcu), annual growth rate?
- Philippines ranks 72nd out of 156 countries with data for 2024.
- Is tax revenue (current lcu), annual growth rate rising or falling in Philippines?
- Over the last ten years it is down 9.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Tax revenue (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 34 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Tax revenue Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Tax revenue (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.