Taxes on goods and services (current LCU) in Philippines
Philippines: Taxes on goods and services (current LCU) was 1.12 trillion current LCU in 2024. ◆ Volatile
Taxes on goods and services in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, taxes on goods and services in Philippines stood at 1.12 trillion current LCU. That is the highest value across all 35 years on record.
That represents a change of up 20.6% on the previous year and up 131.6% over ten years.
Over the whole period, taxes on goods and services in Philippines peaked at 1.12 trillion current LCU in 2024 and was at its lowest, 54.29 billion current LCU, in 1990.
That places Philippines 38th 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.
Taxes on goods and services (current LCU) in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 54.29 billion current LCU | — |
| 1991 | 55.45 billion current LCU | +2.1% |
| 1992 | 62.75 billion current LCU | +13.2% |
| 1993 | 70.75 billion current LCU | +12.8% |
| 1994 | 82.73 billion current LCU | +16.9% |
| 1995 | 86.94 billion current LCU | +5.1% |
| 1996 | 109.95 billion current LCU | +26.5% |
| 1997 | 133.39 billion current LCU | +21.3% |
| 1998 | 128.72 billion current LCU | -3.5% |
| 1999 | 138.96 billion current LCU | +8.0% |
| 2000 | 143.10 billion current LCU | +3.0% |
| 2001 | 149.44 billion current LCU | +4.4% |
| 2002 | 150.68 billion current LCU | +0.8% |
| 2003 | 161.58 billion current LCU | +7.2% |
| 2004 | 172.87 billion current LCU | +7.0% |
| 2005 | 189.32 billion current LCU | +9.5% |
| 2006 | 244.63 billion current LCU | +29.2% |
| 2007 | 249.82 billion current LCU | +2.1% |
| 2008 | 251.13 billion current LCU | +0.5% |
| 2009 | 280.71 billion current LCU | +11.8% |
| 2010 | 294.29 billion current LCU | +4.8% |
| 2011 | 308.19 billion current LCU | +4.7% |
| 2012 | 365.03 billion current LCU | +18.4% |
| 2013 | 440.82 billion current LCU | +20.8% |
| 2014 | 482.30 billion current LCU | +9.4% |
| 2015 | 519.18 billion current LCU | +7.6% |
| 2016 | 571.66 billion current LCU | +10.1% |
| 2017 | 666.44 billion current LCU | +16.6% |
| 2018 | 773.16 billion current LCU | +16.0% |
| 2019 | 860.41 billion current LCU | +11.3% |
| 2020 | 775.51 billion current LCU | -9.9% |
| 2021 | 851.73 billion current LCU | +9.8% |
| 2022 | 916.55 billion current LCU | +7.6% |
| 2023 | 926.41 billion current LCU | +1.1% |
| 2024 | 1.12 trillion current LCU | +20.6% |
Philippines compared with similar countries
- Philippines's 1.12 trillion current LCU is above the median for upper middle income countries, which is 103.35 billion current LCU, 10.8× the median. (48 countries reporting)
- Philippines's 1.12 trillion current LCU is above the median for East Asia & Pacific, which is 34.13 billion current LCU, 32.7× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 92.39 billion current LCU | 54.29 billion current LCU | 138.96 billion current LCU | 10 |
| 2000s | 199.33 billion current LCU | 143.10 billion current LCU | 280.71 billion current LCU | 10 |
| 2010s | 528.15 billion current LCU | 294.29 billion current LCU | 860.41 billion current LCU | 10 |
| 2020s | 917.41 billion current LCU | 775.51 billion current LCU | 1.12 trillion current LCU | 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)
- 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 taxes on goods and services in Philippines?
- Taxes on goods and services in Philippines was 1.12 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Philippines?
- The highest recorded value was 1.12 trillion current LCU in 2024.
- What is the lowest taxes on goods and services recorded in Philippines?
- The lowest recorded value was 54.29 billion current LCU in 1990.
- How does Philippines rank for taxes on goods and services?
- Philippines ranks 38th out of 157 countries with data for 2024.
- Is taxes on goods and services rising or falling in Philippines?
- Over the last ten years it is up 131.6%. 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 Taxes on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. 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.