Fiscal Situation of General Government: Gross Debt Position for Philippines
PHLGGXWDGG01GDPPT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
37.44
Year-over-Year Change
-4.06%
Date Range
1/1/2016 - 1/1/2024
Summary
The Fiscal Situation of General Government: Gross Debt Position for Philippines measures the total outstanding debt of the Philippine government, providing insight into the country's fiscal health and policy options.
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
This trend represents the gross debt position of the Philippine general government, including both central and local governments. It is a key indicator of a country's fiscal sustainability and financial stability, used by policymakers, investors, and economists to assess economic risks and guide policy decisions.
Methodology
The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Philippine government.
Historical Context
The Philippine government's debt levels are closely monitored by markets and international institutions to evaluate the nation's creditworthiness and fiscal policy.
Key Facts
- The Philippines' general government gross debt was 63.5% of GDP in 2021.
- Debt levels peaked at 54% of GDP in 2020 due to COVID-19 response spending.
- The government aims to reduce debt to 51-52% of GDP by 2024.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total outstanding debt of the Philippine general government, including both central and local government entities.
Q: Why is this trend relevant for users or analysts?
A: The Philippines' government debt levels are a key indicator of the country's fiscal sustainability and financial stability, providing important insights for policymakers, investors, and economists.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the International Monetary Fund (IMF) based on reports from the Philippine government.
Q: How is this trend used in economic policy?
A: The Philippine government's debt levels are closely monitored by markets and international institutions to evaluate the nation's creditworthiness and guide fiscal policy decisions.
Q: Are there update delays or limitations?
A: The data is updated annually by the IMF, with a potential delay of several months before the latest figures are available.
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Citation
U.S. Federal Reserve, Fiscal Situation of General Government: Gross Debt Position for Philippines (PHLGGXWDGG01GDPPT), retrieved from FRED.