Philippines: Grants and other revenue (current LCU)

Key figures

What the numbers say

In 2024, Philippines' grants and other revenue (current LCU) rose 56.1% on 2023 (from 393.95 billion to 615.04 billion).

Across the 30 yearly changes before that (1994 to 2023), the average change was +10.6% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 2.6 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 56.1% in 2024 and the biggest yearly fall was 25.2% in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 the straight-line trend is upward, about 31.74 billion a year. A straight line explains 65% 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 2024, Philippines had the 23rd highest value of the 81 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 2024 ranking

• Saudi Arabia — 20th of 81: 878.57 billion
• Thailand — 21st of 81: 757.63 billion
• Mexico — 22nd of 81: 692.29 billion
• Brazil — 24th of 81: 602.08 billion
• Burkina Faso — 25th of 81: 539.33 billion
• Czechia — 26th of 81: 241.7 billion

What this measures

Grants are transfers receivable by government units, from other resident or nonresident government units or international organizations, that do not meet the definition of a tax, subsidy, or social contribution. Other revenue is all revenue receivable excluding taxes, social contributions, and grants. This category of revenue includes property income, sales of goods and services, and miscellaneous other types of revenue. 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 35 values

Grants and other revenue (current LCU) in nearby economies

• Australia — 71.28 billion (2022)
• Cambodia — 4.51 trillion (2023)
• China — 1.84 trillion (2024)
• Fiji — 564.11 million (2024)
• Kiribati — 315.17 million (2023)
• Korea, Rep. — 133.59 trillion (2024)
• Lao PDR — 5.82 trillion (2022)
• Macao SAR, China — 16.91 billion (2024)
• Malaysia — 84.43 billion (2024)
• Marshall Islands — 129.79 million (2020)

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

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Philippines's grants and other revenue (current LCU)?

615.04 billion in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is up 2,358% from 25.02 billion in 1990 (9.88% a year on average, compounded). The highest value was 615.04 billion in 2024 and the lowest 25.02 billion in 1990.

How does Philippines rank?

23rd highest of 81 economies with data for 2024.

Is the latest change in grants and other revenue (current LCU) unusual for Philippines?

In 2024, Philippines' grants and other revenue (current LCU) rose 56.1% on 2023 (from 393.95 billion to 615.04 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +10.6% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 2.6 standard deviations above that average, so it was unusually large compared with the rest of the record.

Source

World Bank, World Development Indicators, indicator GC.REV.GOTR.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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