Tax revenue (current LCU) in Philippines
Philippines: Tax revenue (current LCU) was 3.80 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Philippines is 3.80 trillion current LCU, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 10.8% on the previous year and up 121.1% over ten years.
Over the whole period, tax revenue in Philippines peaked at 3.80 trillion current LCU in 2024 and was at its lowest, 151.70 billion current LCU, in 1990.
That places Philippines 29th out of 157 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.
Tax revenue (current LCU) in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 151.70 billion current LCU | — |
| 1991 | 182.28 billion current LCU | +20.2% |
| 1992 | 208.71 billion current LCU | +14.5% |
| 1993 | 230.17 billion current LCU | +10.3% |
| 1994 | 271.31 billion current LCU | +17.9% |
| 1995 | 310.52 billion current LCU | +14.5% |
| 1996 | 367.89 billion current LCU | +18.5% |
| 1997 | 412.17 billion current LCU | +12.0% |
| 1998 | 416.58 billion current LCU | +1.1% |
| 1999 | 431.69 billion current LCU | +3.6% |
| 2000 | 459.99 billion current LCU | +6.6% |
| 2001 | 493.61 billion current LCU | +7.3% |
| 2002 | 507.63 billion current LCU | +2.8% |
| 2003 | 550.40 billion current LCU | +8.4% |
| 2004 | 605.03 billion current LCU | +9.9% |
| 2005 | 705.59 billion current LCU | +16.6% |
| 2006 | 859.89 billion current LCU | +21.9% |
| 2007 | 932.92 billion current LCU | +8.5% |
| 2008 | 1.05 trillion current LCU | +12.5% |
| 2009 | 981.59 billion current LCU | -6.4% |
| 2010 | 1.09 trillion current LCU | +11.4% |
| 2011 | 1.20 trillion current LCU | +9.9% |
| 2012 | 1.36 trillion current LCU | +13.2% |
| 2013 | 1.54 trillion current LCU | +12.8% |
| 2014 | 1.72 trillion current LCU | +11.9% |
| 2015 | 1.82 trillion current LCU | +5.6% |
| 2016 | 1.98 trillion current LCU | +9.1% |
| 2017 | 2.25 trillion current LCU | +13.6% |
| 2018 | 2.57 trillion current LCU | +14.0% |
| 2019 | 2.83 trillion current LCU | +10.2% |
| 2020 | 2.50 trillion current LCU | -11.4% |
| 2021 | 2.74 trillion current LCU | +9.5% |
| 2022 | 3.22 trillion current LCU | +17.4% |
| 2023 | 3.43 trillion current LCU | +6.5% |
| 2024 | 3.80 trillion current LCU | +10.8% |
Philippines compared with similar countries
- Philippines's 3.80 trillion current LCU is above the median for upper middle income countries, which is 346.89 billion current LCU, 11.0× the median. (48 countries reporting)
- Philippines's 3.80 trillion current LCU is above the median for East Asia & Pacific, which is 106.40 billion current LCU, 35.7× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 298.30 billion current LCU | 151.70 billion current LCU | 431.69 billion current LCU | 10 |
| 2000s | 714.59 billion current LCU | 459.99 billion current LCU | 1.05 trillion current LCU | 10 |
| 2010s | 1.84 trillion current LCU | 1.09 trillion current LCU | 2.83 trillion current LCU | 10 |
| 2020s | 3.14 trillion current LCU | 2.50 trillion current LCU | 3.80 trillion current LCU | 5 |
Countries ranked near Philippines
- 26 Costa Rica 6.71 trillion current LCU compare
- 27 Cote d'Ivoire 6.39 trillion current LCU compare
- 28 Mexico 4.97 trillion current LCU compare
- 30 Iraq 3.71 trillion current LCU compare
- 31 Senegal 3.64 trillion current LCU compare
- 32 United States 3.16 trillion current LCU compare
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)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, 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 in Philippines?
- Tax revenue in Philippines was 3.80 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Philippines?
- The highest recorded value was 3.80 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Philippines?
- The lowest recorded value was 151.70 billion current LCU in 1990.
- How does Philippines rank for tax revenue?
- Philippines ranks 29th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Philippines?
- Over the last ten years it is up 121.1%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.