– Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP).
Philippines Tax Revenue as Percentage of GDP was 14.37 Percentage in 2024, up 1.9% on 2023. The Tax Revenue as a Percentage of GDP dataset for the Philippines provides a comprehensive assessment of the country's tax collection performance relative to the size of its economy, offering valuable insights into fiscal capacity, government revenue generation, and public finance trends.
Philippines Tax Revenue as Percentage of GDP moved from 13.02 Percentage in 2015 to 14.37 Percentage in 2024 (+10.4%), an average of +1.1% a year. The series high was 14.62 Percentage in 2022 and the low 13.02 Percentage in 2015.
The gap between the series high (2022) and low (2015) is 1.60 Percentage. The sharpest single-year move was +3.9% in 2017.
Among the 27 countries in this dataset, Philippines ranks 17 for 2024, behind Denmark (33.36 Percentage) and Sweden (27.23 Percentage). It accounts for 104% of the global total in 2024.
Full series
Complete annual series with year-on-year change. Values are reported in Percentage.
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| Year | Percentage | Change vs prior year |
|---|---|---|
| 2024 | 14.37 | +1.9% |
| 2023 | 14.10 | −3.5% |
| 2022Peak | 14.62 | +3.5% |
| 2021 | 14.13 | +1.3% |
| 2020 | 13.95 | −3.7% |
| 2019 | 14.49 | +3.1% |
| 2018 | 14.05 | +3.3% |
| 2017 | 13.59 | +3.9% |
| 2016 | 13.09 | +0.5% |
| 2015 Trough | 13.02 | — |
Regional context
Tax Revenue as Percentage of GDP by country, 2024, Percentage. Philippines is highlighted.
Data definition
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics.
The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
Tax Revenue as Percentage of GDP — – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
Measured as a Percentage, the dataset covers 2015–2024 and indicates a generally positive long-term trend in tax revenue mobilization. Tax revenue increased from 13.02% of GDP in 2015 to 14.37% in 2024, with the ratio rising steadily to 14.49% in 2019, moderating to 13.95% in 2020, and recovering thereafter to reach a decade high of 14.62% in 2022 before easing slightly to 14.10% in 2023 and improving again in 2024.
The year-wise trend reflects the Philippines' strengthening fiscal framework, supported by improvements in tax administration, revenue collection, and economic recovery following pandemic-related disruptions. The consistently stable tax-to-GDP ratio demonstrates the government's ability to generate domestic revenue for financing infrastructure, healthcare, education, and social development while supporting long-term fiscal sustainability.
This dataset serves as an important resource for policymakers, economists, financial institutions, investors, researchers, and international organizations evaluating fiscal performance, taxation efficiency, and macroeconomic stability. It supports benchmarking the Philippines against regional and global economies, assessing the effectiveness of tax reforms, monitoring long-term revenue trends, forecasting future government income, and analyzing the relationship between taxation, economic growth, and public expenditure. The data also contributes to research on public finance, fiscal resilience, government budgeting, and sustainable economic development.
Overall, the 2015–2024 dataset highlights the Philippines' gradual improvement in tax revenue relative to GDP despite temporary fluctuations. It provides a reliable foundation for fiscal analysis, policy evaluation, investment planning, and long-term economic forecasting while supporting evidence-based public finance and development strategies.
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Definition – Tax Revenue (% of GDP) refers to the total tax revenue collected by the central government, expressed as a percentage of Gross Domestic Product (GDP). Tax revenue consists of compulsory, unrequited payments made by individuals and businesses to the government for public purposes. The indicator measures the relative size of tax collections compared with the overall economy and is widely used to assess a government's revenue-generating capacity, fiscal performance, and tax effort.
Philippines Tax Revenue as Percentage of GDP was 14.37 Percentage in 2024, up 1.9% on 2023.
Philippines Tax Revenue as Percentage of GDP moved from 13.02 Percentage in 2015 to 14.37 Percentage in 2024 (+10.4%), an average of +1.1% a year. The series high was 14.62 Percentage in 2022 and the low 13.02 Percentage in 2015.
The highest value was 14.62 Percentage in 2022 and the lowest was 13.02 Percentage in 2015.
Included: The data includes compulsory tax payments collected by the central government, such as taxes on income, profits and capital gains, payroll taxes, property taxes, taxes on goods and services (including VAT, GST, and excise duties), taxes on international trade, customs duties, and other taxes recorded under the IMF Government Finance Statistics (GFS) framework. The indicator is expressed as a percentage of GDP using standardized national accounts and government finance statistics. Excluded: The data excludes non-tax government revenue such as grants, fees, licenses, administrative charges, dividends from state-owned enterprises, and income from government assets. It also excludes fines, penalties, most social security contributions, refunds treated as negative revenue, and informal or unrecorded tax collections not captured in official government finance statistics. For many countries, the indicator reflects central government tax revenue only and may not include taxes collected by state, provincial, or local governments.
The series is sourced from data.worldbank.org (https://data.worldbank.org/indicator/GC.TAX.TOTL.GD.ZS). It covers 2015–2024 and is reported in Percentage.
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