Tax revenue (% of GDP) in Philippines
Philippines: Tax revenue (% of GDP) was 14.4% in 2024. ▬ Flat
Tax revenue in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, tax revenue in Philippines stood at 14.4%.
Compared with earlier readings it is up 1.9% on the previous year and up 10.4% over ten years.
Over the whole period, tax revenue in Philippines peaked at 14.9% in 1997 and was at its lowest, 11.4%, in 2004.
Philippines ranks 96th of 157 countries on this measure, in the middle of the range.
Tax revenue (% of GDP) in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 12.4% | — |
| 1991 | 12.8% | +3.7% |
| 1992 | 13.5% | +5.7% |
| 1993 | 13.7% | +1.0% |
| 1994 | 14.0% | +2.6% |
| 1995 | 14.3% | +1.6% |
| 1996 | 14.8% | +3.9% |
| 1997 | 14.9% | +0.2% |
| 1998 | 13.7% | -8.0% |
| 1999 | 12.9% | -5.7% |
| 2000 | 12.4% | -3.5% |
| 2001 | 12.3% | -1.4% |
| 2002 | 11.7% | -4.9% |
| 2003 | 11.7% | -0.0% |
| 2004 | 11.4% | -2.6% |
| 2005 | 11.9% | +4.9% |
| 2006 | 13.1% | +10.1% |
| 2007 | 13.0% | -1.3% |
| 2008 | 13.0% | +0.6% |
| 2009 | 11.7% | -10.2% |
| 2010 | 11.6% | -0.5% |
| 2011 | 11.8% | +1.8% |
| 2012 | 12.3% | +3.9% |
| 2013 | 12.7% | +3.6% |
| 2014 | 13.0% | +2.1% |
| 2015 | 13.0% | +0.0% |
| 2016 | 13.1% | +0.5% |
| 2017 | 13.6% | +3.9% |
| 2018 | 14.0% | +3.3% |
| 2019 | 14.5% | +3.1% |
| 2020 | 14.0% | -3.7% |
| 2021 | 14.1% | +1.3% |
| 2022 | 14.6% | +3.5% |
| 2023 | 14.1% | -3.5% |
| 2024 | 14.4% | +1.9% |
Philippines compared with similar countries
- Philippines's 14.4% is below the median for upper middle income countries, which is 17.0%, 85% of the median. (48 countries reporting)
- Philippines's 14.4% is below the median for East Asia & Pacific, which is 16.7%, 86% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 13.7% | 12.4% | 14.9% | 10 |
| 2000s | 12.2% | 11.4% | 13.1% | 10 |
| 2010s | 13.0% | 11.6% | 14.5% | 10 |
| 2020s | 14.2% | 14.0% | 14.6% | 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 tax revenue in Philippines?
- Tax revenue in Philippines was 14.4% 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 14.9% in 1997.
- What is the lowest tax revenue recorded in Philippines?
- The lowest recorded value was 11.4% in 2004.
- How does Philippines rank for tax revenue?
- Philippines ranks 96th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Philippines?
- Over the last ten years it is up 10.4%. The long-run trend across the full record is flat.
- 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 (% of GDP). 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 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.