24Peaks / Asia / Philippines / Government Fiscal Balance (% of GDP)

Philippines - Government Fiscal Balance (% of GDP) -4.34

IMF Government Finance Statistics · updated 2026-10-03 · 48 economies tracked

Latest value

-4.34 (2023)

Global rank

##28 of 48 economies

Share of global total

16.8%

Growth since 2017

5.86×

Ranking Race — Government Fiscal Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#6#11#16#21#26#31201720222025#20#282020 overtook Armenia2023 overtook Uzbekistan
PhilippinesTürkiye

Real annual global ranks, 2017 - 2025. Philippines climbed from #20 to #28 (overtook Armenia). Gaps in a lane = missing data that year.

Key events for Philippines ↓

Key Events — Philippines

Auto-detected from rank data + curated milestones

2020
Overtook Armenia in global rank auto
2023
Overtook Uzbekistan in global rank auto

Government Fiscal Balance (% of GDP), 2017-2023

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
201720222023-6.32-4.46-2.6-0.74
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