Public Debt in Philippines
Public debt in the Philippines averaged 46.9% of GDP in the decade to 2022, below the Asia-Pacific regional average of 86.8% of GDP. By 2022, public debt in the Philippines stood at 60.9% of GDP. For more public debt information, visit our dedicated page.
Philippines Public Debt Chart
Note: This chart displays Public Debt (% of GDP) for Philippines from 2014 to 2023.
Source: Macrobond.
Philippines Public Debt Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Public Debt (% of GDP) | 39.6 | 54.6 | 60.4 | 60.9 | 60.1 |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine public debt projections for the next ten years from a panel of 7 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 public debt forecast available for Philippine public debt.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine public debt projections.
Want to get access to the full dataset of Philippine public debt forecasts? Send an email to info@focus-economics.com.