Atlas · Asia-Pacific · PHL
Philippines
- Output · rank 33/187
- $508B
- People · rank 14/187
- 116.8M
- Land · rank 71/187
- 298K km²
- GDP per person
- $4,349
- Density
- 391.7 /km²
Government debt
58.3%gross debt, share of GDP
$296Boutstanding, rank 34 of 178
- Perimeter
- General government
- Basis
- Gross, not net
- Valuation
- Nominal
- Debt per person
- $2,536
- Net of assets
- 48.2%
- Source
- IMF World Economic Outlook / Fiscal Monitor
Gross debt is 58.3%; net of the government’s financial assets it is 48.2%, a 10.1% gap.
What this number does not tell youThe most misread figure in public finance. Perimeter varies by country — the IMF notes its Fiscal Monitor tables use a narrower perimeter for China than its Article IV estimates, and published figures for Japan range from roughly 200% to 250% depending on perimeter and valuation, both citing the IMF. Debt in a currency the government issues is a fundamentally different instrument from debt it must earn or borrow to service; this ratio does not distinguish them.
Private-sector debt
The BIS publishes household and corporate credit for 44 economies. Philippines is not among them, so no comparable private-debt figure exists.
This is a gap in global data coverage, not a value of zero.
This is a gap in global data coverage, not a value of zero.
Currency & monetary policy
Issues its own currency and sets its own policy rate — meaningful room to manage local-currency debt.
House prices
The real figure strips out inflation and is the one that tells you whether housing actually became more expensive.
Payment rails
| System | Type | Live since |
|---|---|---|
| InstaPay | Instant retail | 2018 |
| PESONet | Deferred net | 2017 |
Against its region and the world
Where Philippines sits relative to the Asia-Pacific average and the world average.
GDP per person (USD)
This country4,349
Region average8,736
World average14,013
Population density (per km²)
This country392
Region average135
World average64
Debt to GDP (%)
This country58
Region average97
World average95
Major banks
Largest institutions headquartered in Philippines, by total assets. Assets, not market value — the two rank very differently.
| Institution | Total assets | |
|---|---|---|
| 1 | BDO Unibank | $90B |
All figures
- Nominal GDP
- $508B
- Share of world output
- 0.44%
- Population
- 116.8M
- Share of world population
- 1.42%
- Land area
- 298,170 km²
- Share of world land
- 0.23%
- GDP per person
- $4,349
- GDP per km²
- $1,703,726
- Population density
- 391.7 /km²
- Government debt
- 58.3%
- Debt outstanding
- $296B
Closest by output in Asia-Pacific
| Vietnam | $506B | 34.9% |
| Malaysia | $489B | 66.8% |
| Bangladesh | $482B | 40.4% |
| Thailand | $546B | 63.9% |
| Singapore | $562B | 174.9% |
Nearest neighbours by nominal output within the same region. Third column is debt to GDP.
Where these figures come from
- Nominal GDPGross domestic product at current market prices, converted to US dollars at market exchange rates. Not adjusted for purchasing power.
- IMF World Economic Outlook
2025 estimate - PopulationTotal resident population, mid-year estimate.
- UN World Population Prospects
2025 estimate - Land areaTotal land area, excluding inland water where the source reports it separately.
- UN Statistics Division
2024 - General government gross debtGross debt of the general government sector as a share of GDP. Gross means government-held financial assets are not netted off.
- IMF World Economic Outlook / Fiscal Monitor
2025–26 estimate - Bank total assetsTotal assets for the most recent reporting period: cash, loans, investments, property and equipment.
- S&P Global Market Intelligence
2026 ranking - Net government debtGovernment debt net of its financial assets, as a share of GDP.
- IMF Fiscal Monitor
2025–26 estimate - Household debtCredit to households and non-profits serving them, as a share of GDP.
- BIS credit statistics
2024–25 - Corporate debtCredit to non-financial corporations, as a share of GDP.
- BIS credit statistics
2024–25 - Exchange rate regimeHow the currency is managed: free floating, floating, pegged, currency board, or no separate legal tender.
- IMF AREAER
2025 - Central bank policy rateThe main policy interest rate set by the central bank.
- Central banks / BIS
mid-2026, live - Residential house pricesYear-on-year change in residential property prices, nominal and inflation-adjusted.
- BIS / OECD residential property
latest quarter