24Peaks / Asia / Philippines / Primary Balance (% of GDP)

Philippines - Primary Balance (% of GDP) -1.95

IMF GFS (accrual) · updated 2026-10-03 · 102 economies tracked

Latest value

-1.95 (2023)

Global rank

##63 of 102 economies

Share of global total

-6.6%

Growth since 2017

-2.1×

Ranking Race — Primary Balance (% of GDP)

1 = global #1 · higher value ranks higher

#1#17#33#49#65#81201720222025#46#632020 overtook Armenia2023 overtook Japan
PhilippinesTürkiyeCanadaNew ZealandUnited States

Real annual global ranks, 2017 - 2025. Philippines climbed from #46 to #63 (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
2020
Climbed 22 places in global rank auto
2021
Fell 30 places in global rank auto
2023
Overtook Japan in global rank auto
2023
Climbed 16 places in global rank auto

Primary Balance (% of GDP), 2017-2023

IMF GFS (accrual) · % of GDP · linear scale · ranking in the race above
201720222023-4.31-2.56-0.820.93

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