Philippines recorded a Government Debt to GDP of 60.40 percent of the country's Gross Domestic Product in 2021. source: Bureau of the Treasury, Philippines

Government Debt to GDP in Philippines averaged 55.23 percent of GDP from 1990 until 2021, reaching an all time high of 74.90 percent of GDP in 1993 and a record low of 39.60 percent of GDP in 2019. This page provides - Philippines Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Government Debt to GDP - values, historical data and charts - was last updated on December of 2022.

Government Debt to GDP in Philippines is expected to reach 54.00 percent of GDP by the end of 2022, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Debt to GDP is projected to trend around 54.00 percent of GDP in 2023, according to our econometric models.

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Philippines Government Debt to GDP

Related Last Previous Unit Reference
Government Debt to GDP 60.40 54.60 percent of GDP Dec 2021
Government Budget Value -99061.00 -179760.00 PHP Million Oct 2022
Government Revenues 288873.00 288814.00 PHP Million Oct 2022
Fiscal Expenditure 387934.00 468574.00 PHP Million Oct 2022

Philippines Government Debt to GDP
Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.
Actual Previous Highest Lowest Dates Unit Frequency
60.40 54.60 74.90 39.60 1990 - 2021 percent of GDP Yearly