Philippines — Combined government deficit (% of GDP)
% of GDP · Annual · 1954–2031 · 78 observations
About this series
The combined 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. WED's combined-government scope requires source metadata. This series expresses that measure as a percentage of GDP for the matching period.
The combined government deficit reading for the Philippines was −3.97% of GDP in 2025. The previous reading was −4.44% of GDP in 2024; the period change was +0.46 percentage points. Relative to the selected 10-year average of −3.45% of GDP, the latest reading was below.
Get the full series
- Annual data, 1954–2031
- The underlying source, downloadable
Latest observations
2016–2031
| Period | Value |
|---|---|
| 2031 | -1.54 % of GDP |
| 2030 | -1.65 % of GDP |
| 2029 | -2.1 % of GDP |
| 2028 | -2.52 % of GDP |
| 2027 | -2.84 % of GDP |
11 earlier values, back to 2016
| 2026 | -3.68 % of GDP |
| 2025 | -3.97 % of GDP |
| 2024 | -4.44 % of GDP |
| 2023 | -4.38 % of GDP |
| 2022 | -5.48 % of GDP |
| 2021 | -6.23 % of GDP |
| 2020 | -5.55 % of GDP |
| 2019 | -1.5 % of GDP |
| 2018 | -1.48 % of GDP |
| 2017 | -0.75 % of GDP |
| 2016 | -0.74 % of GDP |