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Government debt in Philippines

How indebted is the state my taxes would go to?

Philippines's government debt is 59.40 % — #69 of 124 countries on the atlas (lower is better). Period 2025.

59.40%

Checked 8 Sept 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: 59.40 %19932009202559.40 %
33 official observations, 1993 → 2025. Every point is a published value — never interpolated.
Rank
#69 of 124
lower is better
Ranked behind
44 %
55 of 124 countries
Latest move
▲ 2.80 pp
since 2024
Below its peak
14.50 pp
peak 73.90 % in 1993
Full series
▼ 14.50 pp
since 1993

In Asia: #25 of 37vs median 54.55 %: +4.85 pp (worse)

Among 124 countries

5 of 124 countries between 12.30 % and 17.86 %4 of 124 countries between 17.86 % and 23.42 %9 of 124 countries between 23.42 % and 28.97 %9 of 124 countries between 28.97 % and 34.53 %9 of 124 countries between 34.53 % and 40.09 %11 of 124 countries between 40.09 % and 45.65 %8 of 124 countries between 45.65 % and 51.21 %11 of 124 countries between 51.21 % and 56.77 %8 of 124 countries between 56.77 % and 62.32 %7 of 124 countries between 62.32 % and 67.88 %6 of 124 countries between 67.88 % and 73.44 %5 of 124 countries between 73.44 % and 79.00 %6 of 124 countries between 79.00 % and 84.56 %7 of 124 countries between 84.56 % and 90.12 %2 of 124 countries between 90.12 % and 95.67 %3 of 124 countries between 95.67 % and 101.23 %4 of 124 countries between 101.23 % and 106.79 %1 of 124 countries between 106.79 % and 112.35 %2 of 124 countries between 112.35 % and 117.91 %1 of 124 countries between 123.47 % and 129.02 %2 of 124 countries between 134.58 % and 140.14 %4 of 124 countries between 140.14 % and 145.70 %median 54.40 %Philippines: ahead of 44 % of the 124 countries with a published government debtPhilippines 59.40 %12.30 %145.70 %
Half of all 124 countries sit between 36.00 % and 80.30 %. Philippines is ahead of 44 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Philippines
67 Poland58.80 %−0.60 pp
68 Dominican Republic59.00 %−0.40 pp
69 Philippines59.40 %—
70 Colombia59.90 %+0.50 pp
71 Costa Rica60.40 %+1.00 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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