Fiscal Balance in Philippines
The fiscal balance in the Philippines averaged -3.7% of GDP in the decade to 2022, slightly below the Asia-Pacific region average of -3.6% of GDP. The fiscal balance in 2022 was -7.3% of GDP. For more fiscal balance information, visit our dedicated page.
Philippines Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Philippines from 2014 to 2023.
Source: Macrobond.
Philippines Fiscal Balance Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | -3.4 | -7.6 | -8.6 | -7.3 | -6.2 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine fiscal balance projections for the next ten years from a panel of 18 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Philippine fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine fiscal balance projections.
Want to get access to the full dataset of Philippine fiscal balance forecasts? Send an email to info@focus-economics.com.