Philippines General Government Structural Balance (% Potential GDP) Statistics

15, Jul 2019, EDT.

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Country or Region: Philippines › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Philippines indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Philippines Peso
Currency Symbol: PHP

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Philippines , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Philippines in year 2015 is 0.004 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Philippines No. 10 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Philippines is 0.89 more than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Philippines was 0.63 % General Government Structural Balance (% Potential GDP) for Philippines in 2015 was or will be 99.36% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Philippines was or will be -0.57 %, which is 14.00% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Philippines, in other Years
Year %
  2021 -1.366
  2020 -1.182
  2019 -1.009
  2018 -0.855
  2017 -0.718
  2016 -0.574
2015 0.004
  2014 0.629
  2013 0.098
  2012 -0.318
  2011 -0.047
  2010 -2.492
  2009 -1.776
  2008 -0.453
  2007 -0.661
  2006 -0.123
  2005 -1.992
  2004 -3.241
  2003 -3.82
  2002 -3.982
  2001 -3.824
  2000 -3.783
  1999 -2.795
  1998 -1.563
  1997 -0.943
  1996 -0.54
  1995 -0.526
  1994 -0.699
  1993 1.236
  1992 -0.078
  1991 -0.497
  1990 -2.434
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a