The revenue of the Philippine government accounted for 15.7 percent of the country's gross domestic product in 2023, indicating a decrease from the previous year. The government's revenue ratio had been gradually increasing since 2012 until the impact of the COVID-19 pandemic in 2020 and 2021.
Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023
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Asian Development Bank. (April 10, 2024). Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/
Asian Development Bank. "Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023." Chart. April 10, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/
Asian Development Bank. (2024). Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/
Asian Development Bank. "Ratio of Government Revenue to Gross Domestic Product (Gdp) in The Philippines from 2012 to 2023." Statista, Statista Inc., 10 Apr 2024, https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/
Asian Development Bank, Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023 Statista, https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/ (last visited November 21, 2024)
Ratio of government revenue to Gross Domestic Product (GDP) in the Philippines from 2012 to 2023 [Graph], Asian Development Bank, April 10, 2024. [Online]. Available: https://www.statista.com/statistics/797753/ratio-of-government-revenue-to-gross-domestic-product-in-philippines/
