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Tax revenue (% of GDP) - Philippines. International Monetary Fund, Government Finance Statistics Yearbook and data files, and World Bank and OECD GDP estimates. License : CC BY-4.0.
The Philippines' tax-to-GDP ratio was 18.1% in 2021, below the Asia and Pacific (29) average of 19.8% by 1.7 percentage points. It was also below the OECD average (34.1%) by 16.1 percentage points. The tax-to-GDP ratio in the Philippines increased by 0.2 percentage points from 17.8% in 2020 to 18.1% in 2021. From 2007
Comparable data tables show taxation and social security contributions as a percentage of GDP. The Taxing Wages database provides information on taxes paid and benefits received by workers under 8 different income and family composition situations.
Additionally, it provides information on non-tax revenues for selected economies. The publication applies the OECD Revenue Statistics methodology to Asian and Pacific economies, facilitating consistent comparison of tax levels and structures within the region as well as globally.
1 sie 2024 · The Philippine gross domestic product (GDP) posted a growth rate of 5.6% in 2023. The main contributors to the growth, with their corresponding increases, were: wholesale and retail trade, as well as repair of motor vehicles and motorcycles, at 5.5%; financial and insurance activities at 8.9%; and construction at 8.8%.
Philippines gdp for 2021 was $394.09B, a 8.94% increase from 2020. Philippines gdp for 2020 was $361.75B, a 4% decline from 2019. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.
15 gru 2022 · According to the Global Tax Expenditure Database, the Philippines’s investment tax incentives (tax holiday) cost on average 0.7 percent of GDP in revenue foregone during 2013–2019.
