Belgium vs Philippines

Belgium vs Philippines: Government debt

Government debt in 2025: 107.9% of GDP in Belgium and 59.1% of GDP in Philippines, by IMF estimates. In 2025 the value was higher in Belgium, by 48.8 percentage points, or 1.82 times that in Philippines.

% of GDP · IMF

Belgium vs Philippines: Government debtGovernment debt in 2025: 107.9% of GDP in Belgium and 59.1% of GDP in Philippines, by IMF estimates. In 2025 the value was higher in Belgium, by 48.8 percentage points, or 1.82 times that in Philippines.
BelgiumPhilippinesIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Belgium has been higher in every year both have figures for since 1993.
  • The IMF projection (World Economic Outlook, October 2026) puts Belgium at 122.1% of GDP and Philippines at 56.4% of GDP in 2031.

Every year

% of GDP · IMF

YearBelgiumPhilippines
2025107.959.1
2024103.956.6
2023102.556.5
2022103.357.4
2021108.757
2020111.451.6
201997.737
2018100.137.2
2017102.538.1
2016105.537.4
2015105.639.7
2014106.640.3
201310543.9
2012104.345.7
2011102.745.4
2010100.247.6
200999.949.8
200893.250
200787.350.2
200691.557.2
200595.164.7
200497.271.1
2003101.771.4
2002105.465.2
2001108.259.5
2000109.659.2
1999115.454.2
1998119.250.8
1997124.356.9
199612953.1
1995131.360.9
1994137.163.6
1993138.973.9
1992134.7–
1991131.8–
1990130.3–
1989126.4–
1988129.7–
1987129.2–
1986124.7–
1985119.4–
1984114.6–
1983110.3–
198299.6–
198189.7–
198076.8–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearBelgiumPhilippines
2026109.860.5
2027111.660.5
2028114.160.4
2029116.459.7
2030119.358.2
2031122.156.4

Each country on its own

Good to know

  • What the government owes, as a share of the economy’s yearly output.
  • Source: IMF, World Economic Outlook, October 2026.
  • The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
  • Ranks count the 149 countries with a value in 2025, highest first.

How the layers work, where their data comes from and what they can’t tell you: Countries through time

Belgium vs Philippines

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