Philippines Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Philippines's government debt to gdp was 58.17% in 2025, ranked 82nd globally. This represents a 2.7% increase from 2024. Data from IMF WEO, covering 1993–2025.
Overview
Philippines's government debt to gdp stood at 58.17% in 2025, a rise of +1.54% from 2024. The IMF projects 58.17% by 2025. Philippines ranked 82nd globally.
The Philippines has exhibited a significant fluctuation in its government debt to GDP ratio since 1993. At its highest, the ratio peaked at 73.87, a level that was only surpassed by a few countries globally. Conversely, the country experienced a notable decline, with the ratio reaching its lowest point at 36.97 in 2019. As of 2025, the ratio stands at 58.17, a moderate level that positions the Philippines alongside peer countries such as Mexico and Colombia. The recent upward trend suggests a potential reversal of the progress made in reducing debt levels. A sustained decline in interest rates or an increase in economic growth could potentially alter the trajectory of the debt-to-GDP ratio, enabling the Philippines to continue reducing its debt burden and positioning itself for more stable long-term fiscal management.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 55.73% | - | - |
| 2029* IMF | 56.84% | - | - |
| 2028* IMF | 57.96% | - | - |
| 2027* IMF | 58.66% | - | - |
| 2026* IMF | 58.79% | - | - |
| 2025* IMF | 58.17% | - | - |
| 2025 | 58.17% | +1.54% | #82 |
| 2024 | 56.63% | +0.14% | #95 |
| 2023 | 56.48% | −0.91% | #101 |
| 2022 | 57.39% | +0.38% | #101 |
| 2021 | 57.01% | +5.36% | #97 |
| 2020 | 51.64% | +14.67% | #81 |
| 2019 | 36.97% | −0.17% | #47 |
| 2018 | 37.15% | −0.98% | #55 |
| 2017 | 38.13% | +0.75% | #56 |
| 2016 | 37.38% | −2.31% | #59 |
| 2015 | 39.69% | −0.61% | #76 |
| 2014 | 40.30% | −3.56% | #90 |
| 2013 | 43.86% | −1.83% | #112 |
| 2012 | 45.69% | +0.26% | #119 |
| 2011 | 45.43% | −2.15% | #118 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's government debt to gdp was 58.17% in 2025. Ranked 82nd globally. This represents a 2.7% increase from the previous year.
Philippines's government debt to gdp peaked at 73.87% in 1993.
The lowest government debt to gdp in Philippines was 36.97% in 2019.
Philippines ranks 82nd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Philippines's government debt to gdp is projected to reach 58.17% by 2025 based on IMF projection.
The government debt to gdp of Philippines in 2025 was 58.17%. This ranks 82nd in the world.
Cite this page
@misc{historysaid_philippines_government-debt-to-gdp,
title = {Philippines Government Debt to GDP},
url = {https://historysaid.com/philippines/government-debt-to-gdp/},
publisher = {HistorySaid},
year = {2026}
}