Taxes on goods and services in Philippines
Philippines: Taxes on goods and services was 4.6% 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 % value added of industry and services.
Analysis
In 2024, taxes on goods and services in Philippines stood at 4.6%.
The figure is up 10.4% on the previous year and up 11.6% over ten years.
Over the whole period, taxes on goods and services in Philippines peaked at 5.8% in 1997 and was at its lowest, 3.5%, in 2011.
That places Philippines 131st out of 154 countries with data for 2024, putting it in the bottom quarter.
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 | % value added of industry and services | Change |
|---|---|---|
| 1990 | 5.5% | — |
| 1991 | 4.8% | -12.8% |
| 1992 | 5.0% | +5.4% |
| 1993 | 5.2% | +3.1% |
| 1994 | 5.3% | +2.2% |
| 1995 | 4.9% | -7.1% |
| 1996 | 5.4% | +9.7% |
| 1997 | 5.8% | +6.5% |
| 1998 | 5.0% | -13.9% |
| 1999 | 4.9% | -1.2% |
| 2000 | 4.5% | -8.1% |
| 2001 | 4.3% | -4.8% |
| 2002 | 4.0% | -6.6% |
| 2003 | 3.9% | -1.4% |
| 2004 | 3.8% | -4.3% |
| 2005 | 3.7% | -2.0% |
| 2006 | 4.3% | +16.5% |
| 2007 | 4.0% | -6.8% |
| 2008 | 3.6% | -9.2% |
| 2009 | 3.9% | +7.3% |
| 2010 | 3.6% | -7.3% |
| 2011 | 3.5% | -2.6% |
| 2012 | 3.8% | +7.4% |
| 2013 | 4.2% | +10.1% |
| 2014 | 4.2% | -0.4% |
| 2015 | 4.2% | +0.5% |
| 2016 | 4.2% | +0.6% |
| 2017 | 4.5% | +6.5% |
| 2018 | 4.7% | +4.5% |
| 2019 | 4.8% | +3.2% |
| 2020 | 4.8% | -0.5% |
| 2021 | 4.9% | +1.4% |
| 2022 | 4.6% | -5.7% |
| 2023 | 4.2% | -8.6% |
| 2024 | 4.6% | +10.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 5.2% | 4.8% | 5.8% | 10 |
| 2000s | 4.0% | 3.6% | 4.5% | 10 |
| 2010s | 4.2% | 3.5% | 4.8% | 10 |
| 2020s | 4.6% | 4.2% | 4.9% | 5 |
Countries ranked near Philippines
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 4.6% 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 5.8% in 1997.
- What is the lowest taxes on goods and services recorded in Philippines?
- The lowest recorded value was 3.5% in 2011.
- How does Philippines rank for taxes on goods and services?
- Philippines ranks 131st out of 154 countries with data for 2024.
- Is taxes on goods and services rising or falling in Philippines?
- Over the last ten years it is up 11.6%. 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 (% value added of industry and services). 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 value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.