Tax revenue in Philippines
Philippines: Tax revenue was 3.80 trillion current LCU in 2024. ◆ Volatile
Tax revenue in Philippines, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for tax revenue in Philippines is 3.80 trillion current LCU, measured in 2024. That is the highest value across all 35 years on record.
That represents a change of up 10.8% on the previous year and up 121.1% over ten years.
Over the whole period, tax revenue in Philippines peaked at 3.80 trillion current LCU in 2024 and was at its lowest, 151.70 billion current LCU, in 1990.
That places Philippines 29th out of 157 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 | 298.30 billion current LCU | 151.70 billion current LCU | 431.69 billion current LCU | 10 |
| 2000s | 714.59 billion current LCU | 459.99 billion current LCU | 1.05 trillion current LCU | 10 |
| 2010s | 1.84 trillion current LCU | 1.09 trillion current LCU | 2.83 trillion current LCU | 10 |
| 2020s | 3.14 trillion current LCU | 2.50 trillion current LCU | 3.80 trillion current LCU | 5 |
Countries ranked near Philippines
- 26 Costa Rica 6.71 trillion current LCU compare
- 27 Cote d'Ivoire 6.39 trillion current LCU compare
- 28 Mexico 4.97 trillion current LCU compare
- 30 Iraq 3.71 trillion current LCU compare
- 31 Senegal 3.64 trillion current LCU compare
- 32 United States 3.16 trillion current LCU 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 tax revenue in Philippines?
- Tax revenue in Philippines was 3.80 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Philippines?
- The highest recorded value was 3.80 trillion current LCU in 2024.
- What is the lowest tax revenue recorded in Philippines?
- The lowest recorded value was 151.70 billion current LCU in 1990.
- How does Philippines rank for tax revenue?
- Philippines ranks 29th out of 157 countries with data for 2024.
- Is tax revenue rising or falling in Philippines?
- Over the last ten years it is up 121.1%. 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 Tax revenue (current LCU). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.