Philippines: General government deficit (% of GDP)
Percent of GDP · 1954–2025 · 72 observations · forecasts to 2031 · gen_govdef_GDP
- 2025
- −3.97%percent of GDP
- Change on 2024
- +0.5 pointsfrom −4.44%
- Average, 2016–2025
- −3.45%10 years
- Record high and low
- 5.94% (1974)low −6.23% (2021)
General government deficit (% of GDP)
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Compare with other countries →Definition of General government deficit (% of GDP)
Recent values
Percent of GDP
| Year | Value | |
|---|---|---|
| 2031 | -1.54 | Forecast |
| 2030 | -1.65 | Forecast |
| 2029 | -2.10 | Forecast |
| 2028 | -2.52 | Forecast |
| 2027 | -2.84 | Forecast |
| 2026 | -3.68 | Forecast |
| 2025 | -3.97 | |
| 2024 | -4.44 | |
| 2023 | -4.38 | |
| 2022 | -5.48 | |
| 2021 | -6.23 | |
| 2020 | -5.55 | |
| 2019 | -1.50 | |
| 2018 | -1.48 | |
| 2017 | -0.752 | |
| 2016 | -0.745 |
Sources
- IMF Fiscal Policy Panel1954–2023
- IMF World Economic Outlook1989–2025
- Asian Development Bank (archive)2000–2024
- Asian Development Bank2000–2025
- IMF Government Finance Statistics2012–2023
- IMF WEO (forecast)2025–2031
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 →
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