Goods and services expense in Philippines
Philippines: Goods and services expense was 22.3% in 2023. ▲ Rising
Goods and services expense in Philippines, 1990–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2023, goods and services expense in Philippines stood at 22.3%.
The figure is up 4.1% on the previous year and up 25.7% over ten years.
Over the whole period, goods and services expense in Philippines peaked at 25.2% in 2020 and was at its lowest, 6.4%, in 2007.
That places Philippines 34th out of 154 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 16.2% | 14.7% | 18.1% | 4 |
| 2000s | 11.3% | 6.4% | 15.4% | 10 |
| 2010s | 18.5% | 14.0% | 21.5% | 10 |
| 2020s | 23.2% | 21.5% | 25.2% | 4 |
Countries ranked near Philippines
- 31 Niger 24.1% compare
- 32 Papua New Guinea 23.1% compare
- 33 San Marino 22.9% compare
- 35 Trinidad and Tobago 22.1% compare
- 36 Senegal 21.9% compare
- 37 Tajikistan 21.7% compare
More public sector data for Philippines
- Arms imports 238.00 million SIPRI trend indicator values (2024)
- Tax revenue 14.4% (2024)
- Taxes on income, profits and capital gains 34.7% (2024)
- Taxes on goods and services 25.3% (2024)
- Net investment in nonfinancial assets 5.0% (2024)
- Net lending (+) / net borrowing (-) -5.7% (2024)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
Frequently asked questions
- What is goods and services expense in Philippines?
- Goods and services expense in Philippines was 22.3% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Philippines?
- The highest recorded value was 25.2% in 2020.
- What is the lowest goods and services expense recorded in Philippines?
- The lowest recorded value was 6.4% in 2007.
- How does Philippines rank for goods and services expense?
- Philippines ranks 34th out of 154 countries with data for 2023.
- Is goods and services expense rising or falling in Philippines?
- Over the last ten years it is up 25.7%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods and services expense (% of expense). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.