Facts
- Government gross debt, % of GDP
- 59.1 % (2025)
- Fiscal balance, % of GDP
- -4.5 % (2025)
- GDP, current prices
- $487.1 bn (2025)
- Current account, % of GDP
- -3.3 % (2025)
- Debt level
- 30–60% of GDP
- Change in debt ratio, last 10 years
- +19.4 pp
- Central government debt, % of GDP (World Bank)
- 43.4 % (2014)
- ISO code
- PHL
Sources: US Treasury Fiscal Data — Debt to the Penny, MSPD (public domain), IMF World Economic Outlook, World Bank WDI (CC BY 4.0)
GDP, current prices ($ billions)
| Period | Value |
|---|---|
| 2025 | $487.1 bn |
| 2024 | $461.7 bn |
| 2023 | $437.1 bn |
| 2022 | $404.4 bn |
| 2021 | $394.1 bn |
| 2020 | $361.8 bn |
| 2019 | $376.8 bn |
| 2018 | $346.8 bn |
| 2017 | $328.5 bn |
| 2016 | $318.6 bn |
| 2015 | $306.4 bn |
| 2014 | $297.5 bn |
Current account balance, % of GDP
| Period | Value |
|---|---|
| 2025 | -3.3 % |
| 2024 | -4.0 % |
| 2023 | -2.8 % |
| 2022 | -4.5 % |
| 2021 | -1.5 % |
| 2020 | 3.2 % |
| 2019 | -0.8 % |
| 2018 | -2.6 % |
| 2017 | -0.7 % |
| 2016 | -0.4 % |
| 2015 | 2.4 % |
| 2014 | 3.6 % |
Net lending / borrowing, % of GDP
| Period | Value |
|---|---|
| 2025 | -4.5 % |
| 2024 | -4.4 % |
| 2023 | -4.4 % |
| 2022 | -5.5 % |
| 2021 | -6.2 % |
| 2020 | -5.5 % |
| 2019 | -1.5 % |
| 2018 | -1.5 % |
| 2017 | -0.8 % |
| 2016 | -0.7 % |
| 2015 | 0.1 % |
| 2014 | 1.3 % |
Government gross debt, % of GDP
| Period | Value |
|---|---|
| 2025 | 59.1 % |
| 2024 | 56.6 % |
| 2023 | 56.5 % |
| 2022 | 57.4 % |
| 2021 | 57.0 % |
| 2020 | 51.6 % |
| 2019 | 37.0 % |
| 2018 | 37.1 % |
| 2017 | 38.1 % |
| 2016 | 37.4 % |
| 2015 | 39.7 % |
| 2014 | 40.3 % |
Central government debt, % of GDP (World Bank)
| Period | Value |
|---|---|
| 2014 | 43.4 |
| 2013 | 47.1 |
| 2012 | 49.2 |
| 2011 | 48.8 |
| 2010 | 50.2 |
| 2009 | 52.4 |
| 2008 | 52.4 |
| 2007 | 51.6 |
| 2006 | 58.8 |
| 2005 | 65.7 |
| 2004 | 71.6 |
| 2003 | 71.1 |