Philippines Debt to GDP Ratio 1990-2024

Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year.
  • Philippines debt to gdp ratio for 2014 was 43.43%, a 3.72% decline from 2013.
  • Philippines debt to gdp ratio for 2013 was 47.14%, a 2.01% decline from 2012.
  • Philippines debt to gdp ratio for 2012 was 49.16%, a 0.35% increase from 2011.
  • Philippines debt to gdp ratio for 2011 was 48.81%, a 1.39% decline from 2010.
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Government Debt as % of GDP
Bhutan 86.31%
Sri Lanka 68.59%
Ukraine 60.29%
Kyrgyz Republic 54.65%
El Salvador 50.32%
India 49.90%
Zambia 44.40%
Philippines 43.43%
Lesotho 33.02%
Georgia 30.39%
Indonesia 27.42%
Papua New Guinea 26.89%
Micronesia 23.39%
Moldova 21.07%
Eswatini 13.86%
Solomon Islands 8.72%
Philippines Debt to GDP Ratio - Historical Data
Year Government Debt as % of GDP Annual Change
2014 43.43% -3.72%
2013 47.14% -2.01%
2012 49.16% 0.35%
2011 48.81% -1.39%
2010 50.20% -2.20%
2009 52.40% -0.03%
2008 52.43% 0.86%
2007 51.57% -7.22%
2006 58.80% -6.91%
2005 65.71% -5.89%
2004 71.60% 0.48%
2003 71.12% 6.40%
2002 64.72% 5.45%
2001 59.26% 0.66%
2000 58.60% 5.76%
1999 52.83% -5.45%
1998 58.28% 9.58%
1997 48.70% 2.14%
1996 46.56% -6.91%
1995 53.47% 4.05%
1994 49.42% -9.41%
1993 58.83% 12.56%
1992 46.27% 2.68%
1991 43.59% -1.42%
1990 45.01% -1.42%