Philippines: Central government deficit (% of GDP)

Name: Philippines: Central government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Percent of GDP · 2012–2023 · 12 observations · cgovdef_GDP

2023: −6.07%percent of GDP
Change on 2022: +1.1 pointsfrom −7.12%
Average, 2014–2023: −4.12%10 years
Record high and low: −0.498% (2014)low −8.22% (2021)

Central government deficit (% of GDP)

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Percent of GDP

Compare with other countries →Definition of Central government deficit (% of GDP)

Recent values

Percent of GDP

Year	Value
2023	-6.07
2022	-7.12
2021	-8.22
2020	-7.42
2019	-3.22
2018	-3.09
2017	-2.11
2016	-2.20
2015	-1.25
2014	-0.498

Sources

IMF Government Finance Statistics2012–2023
World Development Indicators2012–2023

Compare these sources →

Philippines documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

Central government deficit (% of GDP)

Recent values

Sources

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Central government deficit (% of GDP) elsewhere