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Prices & public finance · East Asia & Pacific · Upper-middle income
Philippines: prices, money and public finance
Inflation is 1.7% (2025), 129th of 180 in the world and 16th of 27 in East Asia & Pacific. GDP deflator is 1.4% (2025), 165th of 209 in the world and 25th of 36 in East Asia & Pacific. Lending rate is 7.1% (2019), 84th of 136 in the world and 11th of 24 in East Asia & Pacific.
Inflation
PhilippinesEast Asia & PacificUpper-middle incomeWorld
GDP deflator
PhilippinesEast Asia & PacificUpper-middle incomeWorld
14 indicators
Prices & public finance: Philippines in detail
Latest reported value, world rank and rank within East Asia & Pacific; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| InflationInflation, consumer prices, annual % | 1.7%2025 | 129/180 | 16/27 | 4.0% | 3.8% | 2.4% | +1.0 ppsince 2015 | 2.0% | 3.3% | 3.0% | |
| GDP deflatorInflation, GDP deflator, annual % | 1.4%2025 | 165/209 | 25/36 | 5.8% | 4.4% | 1.7% | +2.2 ppsince 2015 | 2.5% | 3.3% | 3.3% | |
| Lending rateLending interest rate, % | 7.1%2019 | 84/136 | 11/24 | 10.9% | 7.7% | 7.1%2019 | −1.5 ppsince 2009 | — | — | — | |
| Real interest rateReal interest rate, % | 6.4%2019 | 49/136 | 6/24 | 4.8% | 3.2% | 6.4%2019 | +0.7 ppsince 2009 | — | — | — | |
| Exchange rateOfficial exchange rate, local currency per US$ | 57.512025 | 77/210 | 12/36 | 44.19 | 45.11 | 49.62 | +26%since 2015 | — | — | — | |
| Tax revenueTax revenue, % of GDP | 14.4%2024 | 89/142 | 17/25 | 12.4% | 11.6% | 14.0% | +1.4 ppsince 2014 | 10.8% | 10.4% | 13.9% | |
| Government revenueGovernment revenue excluding grants, % of GDP | 16.7%2024 | 111/142 | 20/25 | 14.0% | 12.8% | 15.9% | +2.3 ppsince 2014 | 17.6% | 18.5% | 24.0% | |
| Government expenseGovernment expense, % of GDP | 16.9%2023 | 115/142 | 22/25 | 15.7% | 13.8% | 19.6% | +3.7 ppsince 2013 | — | — | 28.5% | |
| Government debtCentral government debt, % of GDP | 43.4%2014 | 47/78 | 11/17 | 58.6% | 50.2% | · | −28.2 ppsince 2004 | — | — | — | |
| External debtExternal debt stocks, % of GNI | 26.3%2024 | 94/119 | 13/16 | 63.8% | 28.2% | 25.3% | +2.5 ppsince 2014 | — | 21.3% | — | |
| Private creditDomestic credit to private sector, % of GDP | 52.1%2025 | 66/169 | 15/25 | 35.6% | 28.3% | 52.0% | +12.2 ppsince 2015 | 175.5% | 139.0% | 140.3% | |
| Broad moneyBroad money, % of GDP | 85.9%2022 | 32/146 | 15/24 | 55.9% | 58.8% | 90.5% | +29.6 ppsince 2012 | 211.5% | 167.9% | 135.7% | |
| Reserves, months of importsTotal reserves in months of imports | 7.32025 | 34/165 | 11/24 | 4.7 | 10.4 | 12.3 | −26%since 2015 | 11.1 | 9.9 | 8.6 | |
| Military spendingMilitary expenditure, % of GDP | 1.30%2025 | 100/156 | 12/18 | 1.61% | 1.17% | 1.30% | +0.2 ppsince 2015 | 1.72% | 1.87% | 2.48% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- Government debt−28.2 pp43.4% in 2014
Worse than ten years ago
- Inflation+1.0 pp1.7% in 2025
- External debt+2.5 pp26.3% in 2024
- Reserves, months of imports−26%7.3 in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Philippines and its neighbours
Countries sharing a land border with Philippines. Latest values since 2005; the highest in each row is marked.
| Indicator | Philippines | China | Indonesia | Japan | Malaysia | Palau |
|---|---|---|---|---|---|---|
| Inflation | 1.7%2025 | 0.1%2025 | 1.9%2025 | 3.2%2025 | 1.4%2025 | -0.4%2025 |
| GDP deflator | 1.4%2025 | -0.9%2025 | 2.4%2025 | 3.4%2025 | -0.4%2025 | 1.0%2025 |
| Lending rate | 7.1%2019 | 4.3%2024 | 8.5%2025 | 1.0%2017 | 4.8%2025 | — |
| Real interest rate | 6.4%2019 | 5.2%2024 | 6.0%2025 | 1.0%2017 | 5.3%2025 | — |
| Exchange rate | 57.512025 | 7.192025 | 16,477.872025 | 149.662025 | 4.282025 | 1.002025 |
| Tax revenue | 14.4%2024 | 7.0%2024 | 11.1%2009 | — | 12.4%2024 | 18.1%2020 |
| Government revenue | 16.7%2024 | 14.9%2024 | 15.1%2009 | — | 16.8%2024 | 24.2%2020 |
| Government expense | 16.9%2023 | — | 15.4%2009 | 20.1%2022 | 17.0%2023 | 59.0%2020 |
| Government debt | 43.4%2014 | — | 30.0%2009 | — | 64.6%2024 | 85.2%2019 |