Philippines — Central government deficit (% of GDP)
% of GDP · Annual · 1970–2024 · 30 observations
About this series
The central government deficit series records the period's fiscal balance under the source's accounting and sign convention. A deficit indicates a shortfall; the series is a flow, not a debt stock. This series expresses that measure as a percentage of GDP for the matching period.
The central government deficit reading for the Philippines was −5.68% of GDP in 2024. The previous reading was −6.07% of GDP in 2023; the period change was +0.39 percentage points. Relative to the selected 10-year average of −4.64% of GDP, the latest reading was below.
Get the full series
- Annual data, 1970–2024
- All 2 sources, downloadable
Latest observations
2015–2024
| Period | Value |
|---|---|
| 2024 | -5.68 % of GDP |
| 2023 | -6.07 % of GDP |
| 2022 | -7.12 % of GDP |
| 2021 | -8.22 % of GDP |
| 2020 | -7.42 % of GDP |
5 earlier values, back to 2015
| 2019 | -3.22 % of GDP |
| 2018 | -3.09 % of GDP |
| 2017 | -2.11 % of GDP |
| 2016 | -2.2 % of GDP |
| 2015 | -1.25 % of GDP |