Philippines recorded a Government Debt to GDP of 60.70 percent of the country's Gross Domestic Product in 2024. Government Debt to GDP in Philippines averaged 55.69 percent of GDP from 1990 until 2024, reaching an all time high of 74.90 percent of GDP in 1993 and a record low of 39.60 percent of GDP in 2019. source: Bureau of the Treasury, Philippines
Government Debt to GDP in Philippines is expected to reach 61.00 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Government Debt to GDP is projected to trend around 61.00 percent of GDP in 2026 and 60.00 percent of GDP in 2027, according to our econometric models.