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Government debt in Philippines

How indebted is the state my taxes would go to?

Philippines's government debt is 59.10 % — #68 of 125 countries on the atlas (lower is better). Period 2025.

59.10%

Checked 24 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.6 years' worth of the country's entire economic output.

Government debt in Philippines over time

73.90 %55.45 %37.00 %73.90 % · 199337.00 % · 20191993: 73.90 %1994: 63.60 %1995: 60.80 %1996: 53.10 %1997: 56.90 %1998: 50.80 %1999: 54.20 %2000: 59.20 %2001: 59.50 %2002: 65.20 %2003: 71.40 %2004: 71.10 %2005: 64.70 %2006: 57.20 %2007: 50.20 %2008: 50.00 %2009: 49.80 %2010: 47.60 %2011: 45.40 %2012: 45.70 %2013: 43.90 %2014: 40.30 %2015: 39.70 %2016: 37.40 %2017: 38.10 %2018: 37.10 %2019: 37.00 %2020: 51.60 %2021: 57.00 %2022: 57.40 %2023: 56.50 %2024: 56.60 %2025: 59.10 %19932009202559.10 %
33 official observations, 1993 → 2025. Every point is a published value — never interpolated.
Rank
#68 of 125
lower is better
Ranked behind
46 %
57 of 125 countries
Latest move
▲ 2.50 pp
since 2024
Below its peak
14.80 pp
peak 73.90 % in 1993
Full series
▼ 14.80 pp
since 1993

In Asia: #25 of 37vs median 54.70 %: +4.40 pp (worse)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Philippines: ahead of 46 % of the 125 countries with a published government debtPhilippines 59.10 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Philippines is ahead of 46 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Philippines
66 Panama56.60 %−2.50 pp
67 Dominican Republic59.00 %−0.10 pp
68 Philippines59.10 %—
69 Poland59.70 %+0.60 pp
70 Colombia59.90 %+0.80 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Philippines

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Philippines with another country →Everything about Philippines →
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