Subsidies and other transfers in Philippines
Philippines: Subsidies and other transfers was 1.16 trillion current LCU in 2024. ◆ Volatile
Subsidies and other transfers in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Philippines recorded 1.16 trillion current LCU for subsidies and other transfers in 2024.
Compared with earlier readings it is up 6.7% on the previous year and up 173.8% over ten years.
Over the whole period, subsidies and other transfers in Philippines peaked at 1.30 trillion current LCU in 2022 and was at its lowest, 7.31 billion current LCU, in 1990.
That places Philippines 39th out of 153 countries with data for 2024, putting it in the top 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 | 18.00 billion current LCU | 7.31 billion current LCU | 34.72 billion current LCU | 4 |
| 2000s | 180.93 billion current LCU | 108.90 billion current LCU | 282.08 billion current LCU | 10 |
| 2010s | 503.02 billion current LCU | 300.56 billion current LCU | 819.52 billion current LCU | 10 |
| 2020s | 1.13 trillion current LCU | 1.03 trillion current LCU | 1.30 trillion current LCU | 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)
- 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 subsidies and other transfers in Philippines?
- Subsidies and other transfers in Philippines was 1.16 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Philippines?
- The highest recorded value was 1.30 trillion current LCU in 2022.
- What is the lowest subsidies and other transfers recorded in Philippines?
- The lowest recorded value was 7.31 billion current LCU in 1990.
- How does Philippines rank for subsidies and other transfers?
- Philippines ranks 39th out of 153 countries with data for 2024.
- Is subsidies and other transfers rising or falling in Philippines?
- Over the last ten years it is up 173.8%. 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 Subsidies and other transfers (current LCU). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.