Central government debt, total (% of GDP) for the Philippines
DEBTTLPHA188A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
43.43
Year-over-Year Change
-32.90%
Date Range
1/1/1990 - 1/1/2014
Summary
This economic trend measures the total central government debt of the Philippines as a percentage of its gross domestic product (GDP). It is a key indicator of a country's fiscal health and ability to service its debt obligations.
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 central government debt-to-GDP ratio is a widely used metric for assessing a country's fiscal sustainability and solvency. It provides insights into a government's borrowing, spending, and debt management policies, which are crucial for economic stability and growth.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF).
Historical Context
Policymakers and analysts monitor this trend to evaluate the Philippines' fiscal position and creditworthiness in financial markets.
Key Facts
- The Philippines' central government debt-to-GDP ratio was 60.5% in 2021.
- The ratio has increased in recent years due to the COVID-19 pandemic's impact on government finances.
- High government debt levels can constrain a country's ability to respond to economic shocks.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total central government debt of the Philippines as a percentage of its gross domestic product (GDP).
Q: Why is this trend relevant for users or analysts?
A: The central government debt-to-GDP ratio is a key indicator of a country's fiscal health and ability to service its debt obligations, which is crucial for economic stability and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF).
Q: How is this trend used in economic policy?
A: Policymakers and analysts monitor this trend to evaluate the Philippines' fiscal position and creditworthiness in financial markets.
Q: Are there update delays or limitations?
A: The data is subject to the publication schedule and methodological updates of the IMF.
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Citation
U.S. Federal Reserve, Central government debt, total (% of GDP) for the Philippines (DEBTTLPHA188A), retrieved from FRED.