Net lending (+) / net borrowing (-) in Philippines
Philippines: Net lending (+) / net borrowing (-) was -5.7% in 2024. ◆ Volatile
Net lending (+) / net borrowing (-) in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Philippines recorded -5.7% for net lending (+) / net borrowing (-) in 2024.
The figure is up 7.1% on the previous year and down 1,097.5% over ten years.
Over the whole period, net lending (+) / net borrowing (-) in Philippines peaked at -0.5% in 2014 and was at its lowest, -8.3%, in 2021.
Philippines ranks 135th of 156 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | -1.5% | -2.5% | -0.7% | 4 |
| 2000s | -3.3% | -5.0% | -1.2% | 10 |
| 2010s | -2.0% | -3.3% | -0.5% | 10 |
| 2020s | -6.9% | -8.3% | -5.7% | 5 |
Countries ranked near Philippines
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)
- Interest payments 17.3% (2024)
- Grants and other revenue 13.9% (2024)
- Interest payments 15.3% (2023)
- Other taxes 5.3% (2024)
- Compensation of employees 35.0% (2023)
Frequently asked questions
- What is net lending (+) / net borrowing (-) in Philippines?
- Net lending (+) / net borrowing (-) in Philippines was -5.7% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net lending (+) / net borrowing (-) recorded in Philippines?
- The highest recorded value was -0.5% in 2014.
- What is the lowest net lending (+) / net borrowing (-) recorded in Philippines?
- The lowest recorded value was -8.3% in 2021.
- How does Philippines rank for net lending (+) / net borrowing (-)?
- Philippines ranks 135th out of 156 countries with data for 2024.
- Is net lending (+) / net borrowing (-) rising or falling in Philippines?
- Over the last ten years it is down 1,097.5%. The long-run trend across the full record is volatile.
- 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 Net lending (+) / net borrowing (-) (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.