Taxes on goods and services (current LCU), per unit of GDP in Philippines
Philippines: Taxes on goods and services (current LCU), per unit of GDP was 2.42 current LCU per US$ of GDP in 2024. ▲ Rising
Taxes on goods and services (current LCU), per unit of GDP in Philippines, 1990–2024
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for taxes on goods and services (current lcu), per unit of gdp in Philippines is 2.42 current LCU per US$ of GDP, measured in 2024. That is the highest value across all 35 years on record.
The figure is up 14.1% on the previous year and up 49.2% over ten years.
Over the whole period, taxes on goods and services (current lcu), per unit of gdp in Philippines peaked at 2.42 current LCU per US$ of GDP in 2024 and was at its lowest, 1.03 current LCU per US$ of GDP, in 1995.
Philippines ranks 67th of 157 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Taxes on goods and services (current LCU), per unit of GDP in Philippines, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1990 | 1.07 current LCU per US$ of GDP | — |
| 1991 | 1.07 current LCU per US$ of GDP | -0.4% |
| 1992 | 1.04 current LCU per US$ of GDP | -3.0% |
| 1993 | 1.14 current LCU per US$ of GDP | +9.8% |
| 1994 | 1.13 current LCU per US$ of GDP | -0.8% |
| 1995 | 1.03 current LCU per US$ of GDP | -9.2% |
| 1996 | 1.16 current LCU per US$ of GDP | +13.1% |
| 1997 | 1.42 current LCU per US$ of GDP | +22.0% |
| 1998 | 1.73 current LCU per US$ of GDP | +21.9% |
| 1999 | 1.62 current LCU per US$ of GDP | -6.1% |
| 2000 | 1.71 current LCU per US$ of GDP | +5.4% |
| 2001 | 1.89 current LCU per US$ of GDP | +10.7% |
| 2002 | 1.79 current LCU per US$ of GDP | -5.6% |
| 2003 | 1.86 current LCU per US$ of GDP | +3.9% |
| 2004 | 1.82 current LCU per US$ of GDP | -2.0% |
| 2005 | 1.76 current LCU per US$ of GDP | -3.1% |
| 2006 | 1.92 current LCU per US$ of GDP | +8.7% |
| 2007 | 1.6 current LCU per US$ of GDP | -16.4% |
| 2008 | 1.38 current LCU per US$ of GDP | -13.7% |
| 2009 | 1.6 current LCU per US$ of GDP | +15.4% |
| 2010 | 1.41 current LCU per US$ of GDP | -11.5% |
| 2011 | 1.32 current LCU per US$ of GDP | -6.8% |
| 2012 | 1.39 current LCU per US$ of GDP | +5.9% |
| 2013 | 1.55 current LCU per US$ of GDP | +11.4% |
| 2014 | 1.62 current LCU per US$ of GDP | +4.4% |
| 2015 | 1.69 current LCU per US$ of GDP | +4.5% |
| 2016 | 1.79 current LCU per US$ of GDP | +5.9% |
| 2017 | 2.03 current LCU per US$ of GDP | +13.1% |
| 2018 | 2.23 current LCU per US$ of GDP | +9.9% |
| 2019 | 2.28 current LCU per US$ of GDP | +2.4% |
| 2020 | 2.14 current LCU per US$ of GDP | -6.1% |
| 2021 | 2.16 current LCU per US$ of GDP | +0.8% |
| 2022 | 2.27 current LCU per US$ of GDP | +4.9% |
| 2023 | 2.12 current LCU per US$ of GDP | -6.5% |
| 2024 | 2.42 current LCU per US$ of GDP | +14.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.24 current LCU per US$ of GDP | 1.03 current LCU per US$ of GDP | 1.73 current LCU per US$ of GDP | 10 |
| 2000s | 1.73 current LCU per US$ of GDP | 1.38 current LCU per US$ of GDP | 1.92 current LCU per US$ of GDP | 10 |
| 2010s | 1.73 current LCU per US$ of GDP | 1.32 current LCU per US$ of GDP | 2.28 current LCU per US$ of GDP | 10 |
| 2020s | 2.22 current LCU per US$ of GDP | 2.12 current LCU per US$ of GDP | 2.42 current LCU per US$ of GDP | 5 |
Countries ranked near Philippines
- 64 India 2.46 current LCU per US$ of GDP compare
- 65 Honduras 2.44 current LCU per US$ of GDP compare
- 66 Czechia 2.43 current LCU per US$ of GDP compare
- 68 Zambia 2.1 current LCU per US$ of GDP compare
- 69 Macao 1.95 current LCU per US$ of GDP compare
- 70 Maldives 1.74 current LCU per US$ of GDP compare
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 taxes on goods and services (current lcu), per unit of gdp in Philippines?
- Taxes on goods and services (current lcu), per unit of gdp in Philippines was 2.42 current LCU per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest taxes on goods and services (current lcu), per unit of gdp recorded in Philippines?
- The highest recorded value was 2.42 current LCU per US$ of GDP in 2024.
- What is the lowest taxes on goods and services (current lcu), per unit of gdp recorded in Philippines?
- The lowest recorded value was 1.03 current LCU per US$ of GDP in 1995.
- How does Philippines rank for taxes on goods and services (current lcu), per unit of gdp?
- Philippines ranks 67th out of 157 countries with data for 2024.
- Is taxes on goods and services (current lcu), per unit of gdp rising or falling in Philippines?
- Over the last ten years it is up 49.2%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Taxes on goods and services (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Taxes on goods and services (current LCU) ÷ GDP (current US$)
Computed from
- Taxes on goods and services Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
Taxes on goods and services (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.