Philippines—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic OutlookGlobal Rank: #110 of 192
Latest Value
-2.6%
2027
YoY Change
+16.1%
2026 → 2027
Global Rank
#110
of 192 countries
Maximum
1.3%
2014
Minimum
-6.2%
2021
Last
-2.6%
Previous
-3.1%
Highest
1.3%
Lowest
-6.2%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2027 | -2.6% | +16.1% |
| 2026 | -3.1% | +13.9% |
| 2025 | -3.6% | +5.3% |
| 2024 | -3.8% | +13.6% |
| 2023 | -4.4% | +20.0% |
| 2022 | -5.5% | +11.3% |
| 2021 | -6.2% | -12.7% |
| 2020 | -5.5% | -266.7% |
| 2019 | -1.5% | +0.0% |
| 2018 | -1.5% | -87.5% |
| 2017 | -0.8% | -14.3% |
| 2016 | -0.7% | -800.0% |
| 2015 | 0.1% | -92.3% |
| 2014 | 1.3% | +225.0% |
| 2013 | 0.4% | +300.0% |
| 2012 | -0.2% | +50.0% |
| 2011 | -0.4% | +82.6% |
| 2010 | -2.3% | +11.5% |
| 2009 | -2.6% | |
| 2008 | 0.0% | +100.0% |
| 2007 | -0.3% | |
| 2006 | 0.0% | +100.0% |
| 2005 | -1.6% | +42.9% |
| 2004 | -2.8% | +20.0% |
| 2003 | -3.5% | +5.4% |
| 2002 | -3.7% | -5.7% |
| 2001 | -3.5% | -6.1% |
| 2000 | -3.3% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -3.1% | +13.9% |
| 2027Forecast | -2.6% | +16.1% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 26.5% | 2026 |
| 2 | Norway | 10.7% | 2026 |
| 3 | Nauru | 9.5% | 2026 |
| 4 | Macao SAR, China | 5.6% | 2026 |
| 5 | United Arab Emirates | 4.8% | 2026 |
| 6 | South Sudan | 4.1% | 2026 |
| 7 | Lesotho | 3.8% | 2026 |
| 8 | Liechtenstein | 3.2% | 2026 |
| 9 | Cyprus | 3.2% | 2026 |
| 10 | Singapore | 2.7% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP