Italy vs Philippines

Italy vs Philippines: Government debt

Government debt in 2025: 137.1% of GDP in Italy and 59.1% of GDP in Philippines, by IMF estimates. In 2025 the value was higher in Italy, by 78 percentage points, or 2.32 times that in Philippines.

Watch it change on the map

% of GDP · IMF

Italy vs Philippines: Government debtGovernment debt in 2025: 137.1% of GDP in Italy and 59.1% of GDP in Philippines, by IMF estimates. In 2025 the value was higher in Italy, by 78 percentage points, or 2.32 times that in Philippines.
ItalyPhilippinesIMF projection (World Economic Outlook, October 2026)

What the numbers say

  • Italy has been higher in every year both have figures for since 1993.
  • The IMF projection (World Economic Outlook, October 2026) puts Italy at 135.6% of GDP and Philippines at 56.4% of GDP in 2031.

Every year

% of GDP · IMF

YearItalyPhilippines
2025137.159.1
2024134.756.6
2023133.956.5
2022138.457.4
2021145.857
2020154.451.6
2019133.937
2018134.237.2
2017133.738.1
2016134.237.4
2015134.839.7
2014134.840.3
2013131.943.9
2012125.945.7
2011119.145.4
2010118.847.6
2009116.149.8
2008105.850
2007103.550.2
2006106.357.2
2005106.264.7
2004104.771.1
2003105.171.4
2002105.965.2
2001108.559.5
2000108.759.2
1999113.154.2
1998113.950.8
1997116.556.9
1996118.953.1
1995119.160.9
1994130.863.6
1993124.173.9
1992113–
1991105.3–
1990101.7–
198998.4–
198895.7–
IMF projection (World Economic Outlook, October 2026) · 2026–2031
YearItalyPhilippines
2026137.960.5
2027137.660.5
202813760.4
2029136.259.7
2030135.858.2
2031135.656.4

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

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