Philippines's expense (current LCU) was 4.1 trillion in 2023, the latest year in the World Bank's World Development Indicators. That is up 157.88% from 1.59 trillion in 2013 (9.94% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 4.1 trillion | 2023 |
| Five years earlier | 2.6 trillion | 2018 |
| Ten years earlier | 1.59 trillion | 2013 |
| Highest | 4.1 trillion | 2023 |
| Lowest | 180.59 billion | 1990 |
| Average since 2014 | 2.88 trillion | 2014–2023 |
| First recorded | 180.59 billion |
What the numbers say
In 2023, Philippines' expense (current LCU) rose 0.1% on 2022 (from 4.1 trillion to 4.1 trillion).
Across the 25 yearly changes before that (1991 to 2022), the average change was +9.4% and a typical year strayed about 4.9% from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 21.5% in 2020 and the biggest yearly fall was 2.3% in 2006. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 301.28 billion a year. A straight line explains 98% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2023, Philippines had the 19th highest value of the 80 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Philippines in the 2023 ranking
What this measures
Expense is a decrease in net worth resulting from a transaction. 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.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 28 values
| Year | Expense (current LCU) |
|---|---|
| 2023 | 4,104,273,000,000 |
| 2022 | 4,098,777,000,000 |
| 2021 | 3,715,042,000,000 |
| 2020 | 3,511,382,170,000 |
| 2019 | 2,890,070,000,000 |
| 2018 | 2,595,951,000,000 |
| 2017 | 2,253,883,000,000 |
| 2016 | 2,033,058,000,000 |
| 2015 | 1,879,218,000,000 |
| 2014 | 1,693,333,000,000 |
Expense (current LCU) in nearby economies
- Australia — 644.6 billion (2022)
- Cambodia — 22.54 trillion (2023)
- Fiji — 3.42 billion (2023)
- Japan — 117.32 trillion (2022)
- Kiribati — 367.36 million (2023)
- Korea, Rep. — 682.2 trillion (2023)
- Lao PDR — 22.4 trillion (2022)
- Macao SAR, China — 72.06 billion (2023)
- Malaysia — 310.25 billion (2023)
- Marshall Islands — 143.73 million (2020)
- Micronesia, Fed. Sts. — 87.36 million (2020)
- Mongolia
More public sector data for Philippines
- Military expenditure (current USD) — 6.38 billion (2025)
- Military expenditure (current LCU) — 366.72 billion (2025)
- Military expenditure (% of GDP) — 1.3% (2025)
- Arms imports (SIPRI trend indicator values) — 846 million (2025)
- Military expenditure (% of general government expenditure) — 5.4% (2025)
- Battle-related deaths (number of people) — 176 (2024)
- Net acquisition of financial assets (current LCU) — -224.95 billion (2024)
- Net acquisition of financial assets (% of GDP) — -0.85% (2024)
- Net incurrence of liabilities, total (current LCU) — 1.28 trillion (2024)
Reading data like this
Questions people ask
- What is Philippines's expense (current LCU)?
- 4.1 trillion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 1990?
- It is up 2,173% from 180.59 billion in 1990 (9.93% a year on average, compounded). The highest value was 4.1 trillion in 2023 and the lowest 180.59 billion in 1990.
- How does Philippines rank?
- 19th highest of 80 economies with data for 2023.
- Is the latest change in expense (current LCU) unusual for Philippines?
- In 2023, Philippines' expense (current LCU) rose 0.1% on 2022 (from 4.1 trillion to 4.1 trillion). Across the 25 yearly changes before that (1991 to 2022), the average change was +9.4% and a typical year strayed about 4.9% from that (the standard deviation). This year's change was 1.9 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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