Philippines Government Revenues to GDP
General government revenue as a percentage of GDP.
Government Revenues to GDP in the Philippines increased to 21.16 percent of GDP in 2024 from 20.28 percent of GDP in 2023.
Philippines Government Revenues to GDP — History
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Philippines Government Revenues to GDP — analysis in simple words
Latest reading
Government Revenues to GDP in the Philippines increased to 21.16 percent of GDP in 2024 from 20.28 percent of GDP in 2023.
Over the last three years it rose once and fell twice.
Recent trend
A year earlier (2023) it was 20.3%, so the latest figure is 0.9 percentage points higher.
Over the past five years the average was 20.6%, with a range from 20.3% to 21.2%. The latest value is above that five-year average.
Historical context
This data series starts in 1946 and has 79 annual observations. The latest reading is higher than 99% of all of them.
The highest value on record is 21.2% (2024) and the lowest is 5.3% (1949). The long-run average is 14.0%.
Compared with other countries
Among 151 economies with recent data, Philippines ranks 102nd from the top. The median across all these economies is 27.2%, so Philippines is below the typical country.
Within East Asia & Pacific (21 economies with data) it ranks 14th; the regional median is 25.6%.
Statistics
- Latest
- 21.2%2024
- Previous
- 20.3%
- 5-year average
- 20.6%
- Long-run average
- 14.0%since 1946
- All-time high
- 21.2%2024
- All-time low
- 5.3%1949
- Observations
- 79Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2024 | 21.2% | ▲ +0.9 pp |
| 2023 | 20.3% | ▼ −0.1 pp |
| 2022 | 20.4% | ▼ −0.6 pp |
| 2021 | 21.0% | ▲ +0.6 pp |
| 2020 | 20.4% | ▲ +0.2 pp |
| 2019 | 20.2% | ▲ +0.8 pp |
| 2018 | 19.4% | ▲ +0.7 pp |
| 2017 | 18.7% | ▲ +0.4 pp |
| 2016 | 18.3% | ▲ +0.3 pp |
| 2015 | 17.9% | ▼ −0.2 pp |
| 2014 | 18.2% | ▲ +0.5 pp |
| 2013 | 17.7% | ▲ +0.2 pp |
| 2012 | 17.5% | ▲ +0.6 pp |
| 2011 | 16.8% | ▲ +0.7 pp |
| 2010 | 16.1% | ▼ −0.5 pp |
| 2009 | 16.6% | ▼ −1.3 pp |
| 2008 | 17.9% | ▲ +0.0 pp |
| 2007 | 17.9% | ▼ −0.3 pp |
| 2006 | 18.2% | ▲ +1.1 pp |
| 2005 | 17.1% | ▲ +0.6 pp |
| 2004 | 16.6% | ▼ −0.4 pp |
| 2003 | 16.9% | ▲ +0.1 pp |
| 2002 | 16.9% | ▼ −0.7 pp |
| 2001 | 17.5% | ▼ −0.0 pp |
| 2000 | 17.5% | ▼ −0.9 pp |
| 1999 | 18.5% | ▼ −0.6 pp |
| 1998 | 19.0% | ▼ −1.6 pp |
| 1997 | 20.7% | ▲ +0.5 pp |
| 1996 | 20.2% | ▲ +1.1 pp |
| 1995 | 19.1% |
Government Revenues to GDP — Philippines vs Peers
Latest available reading for each economy (periods may differ). Philippines highlighted.
More Philippines indicators
Understanding Government Revenues to GDP — a simple guide
What it measures
General government revenue as a percentage of GDP.
How it is calculated
Total government income (taxes, fees, other receipts) ÷ GDP × 100.
20% means the government collects one-fifth of GDP.
Higher revenue gives more room to spend without borrowing.
Lower revenue limits spending capacity.
Why it matters for the economy and markets
Revenue capacity determines how much a state can spend without borrowing.
How to read it
Advanced economies typically collect a much larger share of GDP than emerging economies.
Data source
IMF — Public Finances in Modern History (series rev), annual data from 1946 to 2024. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current government revenues to gdp of Philippines?
What is the highest and lowest government revenues to gdp of Philippines?
What does government revenues to gdp measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.