24Peaks / Asia / Philippines / Government Interest Expenditure (% of GDP)

Philippines - Government Interest Expenditure (% of GDP) 2.39

IMF Government Finance Statistics · updated 2026-10-03 · 50 economies tracked

Latest value

2.39 (2023)

Global rank

##8 of 50 economies

Share of global total

4.1%

Growth since 2017

1.43×

Ranking Race — Government Interest Expenditure (% of GDP)

1 = global #1 · higher value ranks higher

#1#4#7#10#13#16#19201720222025#16#82021 overtook Serbia2023 overtook Armenia
PhilippinesTürkiye

Real annual global ranks, 2017 - 2025. Philippines climbed from #16 to #8 (overtook Serbia). Gaps in a lane = missing data that year.

Key events for Philippines ↓

Key Events — Philippines

Auto-detected from rank data + curated milestones

2021
Overtook Serbia in global rank auto
2023
Overtook Armenia in global rank auto

Government Interest Expenditure (% of GDP), 2017-2023

IMF Government Finance Statistics · % of GDP · linear scale · ranking in the race above
2017202220231.661.92.152.39
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