Philippines vs Thailand
Philippines vs Thailand: Government debt
Government debt: 59.1% of GDP in Philippines in 2025 and 62.9% of GDP in Thailand in 2024, by IMF estimates. In 2024 the value was higher in Thailand, by 6.3 percentage points, or 1.11 times that in Philippines.
% of GDP · IMF
What the numbers say
- Thailand has been higher since 2021, when it overtook Philippines.
- The IMF projection (World Economic Outlook, October 2026) puts Philippines at 56.4% of GDP and Thailand at 69.8% of GDP in 2031.
Every year
% of GDP · IMF
| Year | Philippines | Thailand |
|---|---|---|
| 2025 | 59.1 | 64.7 |
| 2024 | 56.6 | 62.9 |
| 2023 | 56.5 | 62.2 |
| 2022 | 57.4 | 60.6 |
| 2021 | 57 | 58.4 |
| 2020 | 51.6 | 49.4 |
| 2019 | 37 | 41.1 |
| 2018 | 37.2 | 41.9 |
| 2017 | 38.1 | 41.8 |
| 2016 | 37.4 | 41.7 |
| 2015 | 39.7 | 42.6 |
| 2014 | 40.3 | 43.3 |
| 2013 | 43.9 | 42.2 |
| 2012 | 45.7 | 41.9 |
| 2011 | 45.4 | 39.1 |
| 2010 | 47.6 | 39.8 |
| 2009 | 49.8 | 42.4 |
| 2008 | 50 | 35 |
| 2007 | 50.2 | 36 |
| 2006 | 57.2 | 39.2 |
| 2005 | 64.7 | 45.5 |
| 2004 | 71.1 | 46.3 |
| 2003 | 71.4 | 47.5 |
| 2002 | 65.2 | 54.9 |
| 2001 | 59.5 | 57.5 |
| 2000 | 59.2 | 57.8 |
| 1999 | 54.2 | 56.6 |
| 1998 | 50.8 | 49.9 |
| 1997 | 56.9 | 40.5 |
| 1996 | 53.1 | 15.2 |
| 1995 | 60.9 | – |
| 1994 | 63.6 | – |
| 1993 | 73.9 | – |
- 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Philippines | Thailand |
|---|---|---|
| 2026 | 60.5 | 67.2 |
| 2027 | 60.5 | 68.5 |
| 2028 | 60.4 | 69.1 |
| 2029 | 59.7 | 69.4 |
| 2030 | 58.2 | 69.6 |
| 2031 | 56.4 | 69.8 |
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
Philippines vs Thailand
Health
- Life expectancyPhilippines: 69.8 years in 2023Thailand: 76.4 years in 2023
- Child mortalityPhilippines: 2.7 per 100 live births in 2024Thailand: 0.9 per 100 live births in 2024
- Infant mortalityPhilippines: 20.7 per 1,000 live births in 2023Thailand: 6.2 per 1,000 live births in 2023
- DepressionPhilippines: 2.77% in 2017Thailand: 3.09% in 2017
- Suicide ratePhilippines: 6 per 100,000 people in 2017Thailand: 10.4 per 100,000 people in 2017
People
- PopulationPhilippines: 115 million people in 2023Thailand: 71.7 million people in 2023
- Population growthPhilippines: 0.84% a year in 2023Thailand: -0.04% a year in 2023
- Fertility ratePhilippines: 1.92 births per woman in 2023Thailand: 1.21 births per woman in 2023
- Urban populationPhilippines: 55.8% in 2025Thailand: 62.8% in 2025
- Median agePhilippines: 25.3 years in 2023Thailand: 39.7 years in 2023
- People aged 65 and overPhilippines: 5.3% in 2023Thailand: 14.7% in 2023
- Net migration ratePhilippines: -1.4 per 1,000 people in 2023Thailand: 0.3 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingPhilippines: 1.3% of GDP in 2025Thailand: 1.04% of GDP in 2025
- Military spending in US dollarsPhilippines: $6.3B in 2025Thailand: $5.57B in 2025
- Military spending per personPhilippines: $55 in 2025Thailand: $84 in 2025
- Military share of state spendingPhilippines: 5.4% of government spending in 2025Thailand: 4.4% of government spending in 2025
- Armed forces personnelPhilippines: 157,000 people in 2020Thailand: 455,000 people in 2020
- National powerPhilippines: 0.68% of world capability in 2022Thailand: 0.79% of world capability in 2022
- Armed forces, share of workersPhilippines: 0.37% of the labour force in 2020Thailand: 1.13% of the labour force in 2020
- Arms importsPhilippines: 846 million TIV in 2025Thailand: 33 million TIV in 2025
- Arms exportsPhilippines: 4 million TIV in 2007Thailand: 15 million TIV in 2024