Cash surplus/deficit (% of GDP) for the Philippines
CASHBLPHA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-40.93
Year-over-Year Change
-49.70%
Date Range
1/1/1990 - 1/1/2012
Summary
The cash surplus/deficit (% of GDP) for the Philippines measures the government's fiscal balance as a percentage of the country's gross domestic product. This metric is a key indicator of fiscal policy and economic stability.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The cash surplus/deficit (% of GDP) represents the difference between the Philippine government's total revenues and total expenditures, expressed as a percentage of the country's GDP. It provides insight into the government's ability to manage its finances and the overall fiscal health of the economy.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on official government financial records.
Historical Context
Economists and policymakers use this metric to assess the Philippine government's fiscal policy stance and its potential impact on economic growth, inflation, and other macroeconomic factors.
Key Facts
- The Philippines has maintained a fiscal deficit since the early 2000s.
- The deficit reached a high of over 5% of GDP during the COVID-19 pandemic in 2020.
- Reducing the fiscal deficit is a key priority for the Philippine government's economic policy.
FAQs
Q: What does this economic trend measure?
A: The cash surplus/deficit (% of GDP) for the Philippines measures the government's fiscal balance as a percentage of the country's gross domestic product.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the Philippine government's ability to manage its finances and the overall fiscal health of the economy, which is crucial for assessing economic stability and the impact of fiscal policy.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on official government financial records.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this metric to assess the Philippine government's fiscal policy stance and its potential impact on economic growth, inflation, and other macroeconomic factors.
Q: Are there update delays or limitations?
A: The data is typically updated on a quarterly or annual basis, and there may be some delays in reporting due to the time required for data collection and verification.
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Citation
U.S. Federal Reserve, Cash surplus/deficit (% of GDP) for the Philippines (CASHBLPHA188A), retrieved from FRED.