Taxes on goods and services in Philippines
Philippines: Taxes on goods and services was 25.3% in 2024. ▼ Falling
Taxes on goods and services in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
Philippines recorded 25.3% for taxes on goods and services in 2024.
The figure is up 4.4% on the previous year and down 0.0% over ten years.
Over the whole period, taxes on goods and services in Philippines peaked at 30.7% in 1990 and was at its lowest, 21.4%, in 2008.
Philippines ranks 108th of 156 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 35 years of available data.
Taxes on goods and services in Philippines, year by year
| Year | % of revenue | Change |
|---|---|---|
| 1990 | 30.7% | — |
| 1991 | 25.6% | -16.7% |
| 1992 | 26.1% | +1.8% |
| 1993 | 27.3% | +5.0% |
| 1994 | 27.0% | -1.2% |
| 1995 | 25.7% | -4.9% |
| 1996 | 27.2% | +5.7% |
| 1997 | 28.8% | +6.2% |
| 1998 | 27.9% | -3.2% |
| 1999 | 29.3% | +4.9% |
| 2000 | 27.6% | -5.8% |
| 2001 | 26.1% | -5.5% |
| 2002 | 26.0% | -0.5% |
| 2003 | 25.2% | -3.0% |
| 2004 | 24.4% | -3.2% |
| 2005 | 23.2% | -4.8% |
| 2006 | 25.1% | +8.0% |
| 2007 | 23.8% | -4.9% |
| 2008 | 21.4% | -10.2% |
| 2009 | 25.0% | +16.7% |
| 2010 | 24.4% | -2.5% |
| 2011 | 22.7% | -7.0% |
| 2012 | 23.9% | +5.5% |
| 2013 | 25.7% | +7.6% |
| 2014 | 25.3% | -1.7% |
| 2015 | 25.4% | +0.3% |
| 2016 | 26.0% | +2.6% |
| 2017 | 27.0% | +3.5% |
| 2018 | 27.3% | +1.2% |
| 2019 | 27.4% | +0.6% |
| 2020 | 27.2% | -1.0% |
| 2021 | 28.3% | +4.4% |
| 2022 | 25.9% | -8.7% |
| 2023 | 24.2% | -6.3% |
| 2024 | 25.3% | +4.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 27.6% | 25.6% | 30.7% | 10 |
| 2000s | 24.8% | 21.4% | 27.6% | 10 |
| 2010s | 25.5% | 22.7% | 27.4% | 10 |
| 2020s | 26.2% | 24.2% | 28.3% | 5 |
Countries ranked near Philippines
- 105 Costa Rica 25.6% compare
- 106 Papua New Guinea 25.5% compare
- 107 Namibia 25.4% compare
- 109 Luxembourg 25.3% compare
- 110 Austria 25.0% compare
- 111 Spain 25.0% 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 in Philippines?
- Taxes on goods and services in Philippines was 25.3% 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 30.7% in 1990.
- What is the lowest taxes on goods and services recorded in Philippines?
- The lowest recorded value was 21.4% in 2008.
- How does Philippines rank for taxes on goods and services?
- Philippines ranks 108th out of 156 countries with data for 2024.
- Is taxes on goods and services rising or falling in Philippines?
- Over the last ten years it is down 0.0%. The long-run trend across the full record is falling.
- 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 (% of revenue). 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 as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.