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Philippines Fiscal Balance
-4% GDPas of 2025
Philippines's fiscal balance stands at -4% GDP as of 2025. The indicator has decreased from 1.3% in 2014 to -4% in 2025. Source: IMF WEO.
Historical trend (2014–2025)
Fiscal Balance — Year by Year
| Year | Value | Change |
|---|---|---|
| 2014 | 1.3% GDP | — |
| 2015 | 0.1% GDP | -1.2pp |
| 2016 | -0.7% GDP | -0.8pp |
| 2017 | -0.8% GDP | -0.1pp |
| 2018 | -1.5% GDP | -0.7pp |
| 2019 | -1.5% GDP | 0.0pp |
| 2020 | -5.5% GDP | -4.0pp |
| 2021 | -6.2% GDP | -0.7pp |
| 2022 | -5.5% GDP | +0.7pp |
| 2023 | -4.4% GDP | +1.1pp |
| 2024 | -4.4% GDP | 0.0pp |
| 2025 | -4% GDP | +0.4pp |
Source: IMF WEO. Data retrieved from World Bank WDI and IMF WEO databases. Values represent official estimates; may be subject to revision.