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Economy of Afghanistan vs Philippines compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $462B for the Philippines, ranking 137/197 and 35/197 by economy size, respectively.

Afghanistan has $1.44B in government debt (8.8% of GDP), compared to $261B (56.6% of GDP) in the Philippines.

Afghanistan vs Philippines GDP by year

Afghanistan
Philippines
1x
Year GDP, current $
Afghanistan Philippines
2024 - $461,617,509,782
2023 $17,152,234,637 $437,055,627,244
2022 $14,497,243,872 $404,353,369,605
2021 $14,259,995,441 $394,087,359,848
2020 $19,955,929,052 $361,751,145,452
2019 $18,799,444,490 $376,823,402,239
2018 $18,053,222,687 $346,841,896,587
2017 $18,753,456,498 $328,480,736,803
2016 $18,116,572,395 $318,627,003,017
2015 $19,134,221,645 $306,445,871,242
2014 $20,497,128,556 $297,483,555,338
2013 $20,146,416,758 $283,902,828,589
2012 $19,907,329,778 $261,920,540,963
2011 $17,805,098,206 $234,216,730,291
2010 $15,856,668,556 $208,368,893,151
2009 $12,416,152,732 $175,974,755,881
2008 $10,109,297,048 $181,624,626,327
2007 $9,747,886,187 $155,980,408,673
2006 $6,971,758,282 $127,652,926,368
2005 $6,203,256,539 $107,419,977,318
2004 $5,224,896,719 $95,001,999,685
2003 $4,520,946,819 $87,039,092,974
2002 $3,825,701,439 $84,307,345,888
2001 $2,813,571,754 $78,921,234,458
2000 $3,521,418,060 $83,669,788,377
1999 - $85,640,171,045
1998 - $74,492,416,330
1997 - $94,106,317,565
1996 - $94,648,084,429
1995 - $84,644,328,727
1994 - $73,159,336,915
1993 - $62,036,529,147
1992 - $60,422,328,242
1991 - $51,784,144,943
1990 - $50,508,286,642
1989 - $48,513,773,721
1988 - $43,152,128,959
1987 - $37,791,488,666
1986 - $33,987,207,295
1985 - $34,961,486,348
1984 - $35,730,185,634
1983 - $37,759,179,895
1982 - $42,206,011,275
1981 - $40,499,388,869
1980 - $36,848,080,899
1979 - $31,218,296,292
1978 - $25,762,224,563
1977 - $22,283,109,803
1976 - $19,381,055,197
1975 - $16,875,240,684
1974 - $15,607,882,555
1973 - $11,412,449,735
1972 - $9,067,815,521
1971 - $8,375,075,630
1970 - $7,559,115,517
1969 - $9,571,800,653
1968 - $8,632,749,269
1967 - $7,724,873,935
1966 - $7,189,017,888
1965 - $6,517,349,772
1964 - $5,953,756,195
1963 - $5,505,023,238
1962 - $4,954,593,072
1961 - $8,171,194,425
1960 - $7,515,894,111

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/philippines | CC BY

GDP per capita in Afghanistan vs Philippines by year

Afghanistan
GDP per capita

GDP per capita, PPP
Philippines
GDP per capita

GDP per capita, PPP
1x
Year Current $
Afghanistan Philippines
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 - - $3,985 $11,794
2023 $414 $2,202 $3,804 $10,986
2022 $357 $2,123 $3,548 $10,131
2021 $356 $2,144 $3,484 $8,858
2020 $511 $2,562 $3,228 $8,238
2019 $497 $2,583 $3,401 $8,924
2018 $491 $2,432 $3,169 $8,358
2017 $525 $2,336 $3,038 $7,774
2016 $522 $2,213 $2,985 $7,383
2015 $566 $2,284 $2,910 $6,894
2014 $625 $2,224 $2,867 $6,689
2013 $637 $2,133 $2,781 $6,373
2012 $651 $1,988 $2,615 $6,094
2011 $607 $1,744 $2,384 $5,705
2010 $561 $1,766 $2,163 $5,489
2009 $452 $1,571 $1,864 $5,157
2008 $382 $1,334 $1,959 $5,144
2007 $376 $1,287 $1,713 $4,923
2006 $274.2 $1,122 $1,426 $4,579
2005 $254.2 $1,076 $1,220 $4,289
2004 $221.8 $972 $1,100 $4,037
2003 $198.9 $967 $1,027 $3,761
2002 $179 $927 $1,015 $3,580
2001 $138.7 $748 $970 $3,469
2000 $174.9 $814 $1,051 $3,366
1999 - - $1,101 $3,229
1998 - - $983 $3,160
1997 - - $1,273 $3,221
1996 - - $1,311 $3,082
1995 - - $1,200 $2,926
1994 - - $1,060 $2,800
1993 - - $919 $2,684
1992 - - $917 $2,629
1991 - - $804 $2,621
1990 - - $804 $2,608
1989 - - $792 -
1988 - - $722 -
1987 - - $650 -
1986 - - $600 -
1985 - - $633 -
1984 - - $665 -
1983 - - $723 -
1982 - - $833 -
1981 - - $821 -
1980 - - $767 -
1979 - - $667 -
1978 - - $565 -
1977 - - $502 -
1976 - - $449 -
1975 - - $401 -
1974 - - $379 -
1973 - - $283.2 -
1972 - - $230.1 -
1971 - - $217.4 -
1970 - - $200.9 -
1969 - - $261.1 -
1968 - - $242.2 -
1967 - - $223.1 -
1966 - - $213.8 -
1965 - - $199.8 -
1964 - - $188.2 -
1963 - - $179.5 -
1962 - - $166.7 -
1961 - - $283.8 -
1960 - - $269.5 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/economy/afghanistan/philippines | CC BY

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $3,985 in the Philippines, ranking 130/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while the Philippines ranks 127th at $11,794.

Economic indicators

Afghanistan Philippines
Gross domestic product
$17.2B
2023
$462B
2024
GDP rank
137/197
2023
35/197
2024
GDP growth
2.27%
2022-2023
5.69%
2023-2024
GDP per capita
$414
2023
$3,985
2024
GDP per capita rank
196/197
2023
130/197
2024
GDP per capita, PPP
$2,202
2023
$11,794
2024
GDP per capita PPP rank
184/197
2023
127/197
2024
Government debt
$1.44B
2023
$261B
2024
Debt-to-GDP ratio
8.8%
2024
56.6%
2024
Government debt per person
$34.8
2023
$2,257
2024
Government debt per person rank
185/185
2023
117/185
2024
Average annual personal income after taxes
$1,869
2026
$3,407
2026
Market capitalization of domestic companies n/a
$252B
2024
Number of billionaires n/a
15
2025
Income share by richest 10% n/a
31.6%
2023
Income share by poorest 10% n/a
2.9%
2023
Government expenditure, % of GDP
19.4%
2024
24.9%
2024
Consumer prices inflation
-4.3%
2023-2024
3.21%
2023-2024
Central bank interest rate
6%
2021
4.75%
2025
Unemployment rate
5.68%
2021
2.41%
2023
Population
45409324
117991570

Spending and national debt comparison by year

Afghanistan
Spending

Debt
Philippines
Spending

Debt
1x
Year % of GDP
Afghanistan Philippines
Government spending Government debt Government spending Government debt
2024 19.4% 8.8% 24.9% 56.6%
2023 17% 8.42% 24.7% 56.5%
2022 16.1% 10.8% 25.9% 57.4%
2021 17.9% 11.2% 27.2% 57%
2020 27.9% 7.33% 25.9% 51.6%
2019 28% 6.14% 21.7% 37%
2018 28.9% 7.38% 20.9% 37.1%
2017 27.7% 8% 19.5% 38.1%
2016 28% 8.44% 19% 37.4%
2015 25.9% 9.15% 17.8% 39.7%
2014 25.4% 8.7% 16.8% 40.3%
2013 25% 6.92% 17.3% 43.9%
2012 25% 6.77% 17.7% 45.7%
2011 21.9% 7.52% 17.2% 45.4%
2010 20.8% 7.71% 18.3% 47.6%
2009 21.2% 16.2% 19.2% 49.8%
2008 20.9% 19.1% 17.9% 50%
2007 21.4% 20.1% 18.2% 50.2%
2006 18.3% 23% 18.3% 57.2%
2005 15.7% 206.4% 18.7% 64.7%
2004 15.1% 245% 19.4% 71.1%
2003 11.9% 270.6% 20.4% 71.4%
2002 6.94% 346% 20.6% 65.2%
2001 - - 21% 59.5%
2000 - - 20.8% 59.2%
1999 - - 20.7% 54.2%
1998 - - 20.3% 50.8%
1997 - - 20.3% 56.9%
1996 - - 19.6% 53.1%
1995 - - 19.1% 60.8%
1994 - - 19.7% 63.6%
1993 - - 17.6% 73.9%
1992 - - 18.4% 53.9%
1991 - - 18% 55.6%
1990 - - 18.8% 56.2%
1989 - - 15.7% 55.2%
1988 - - 15.9% 69%
1987 - - 15.7% 79.2%
1986 - - 13.5% 77.7%
1985 - - 11.3% 53.1%
1984 - - 10.1% 45.8%
1983 - - 12.2% 43.1%
1982 - - 12.8% 32.9%
1981 - - 13.7% 27.6%
1980 - - 13.4% 24.8%
1979 - - 11.9% 22.5%
1978 - - 13.3% 23.1%
1977 - - 13.3% 19.8%
1976 - - 13.8% 16.8%
1975 - - 15.1% 13%
1974 - - 10.7% 13.4%
1973 - - 14% 11.5%
1972 - - 13.4% 14.2%
1971 - - 11.2% 14.8%
1970 - - 10.4% 16.8%
1969 - - 11.5% 16.4%
1968 - - 11.2% 15.7%
1967 - - 10.2% 15.4%
1966 - - 9.77% 14.4%
1965 - - 9.48% 15%
1964 - - 9.66% 14.2%
1963 - - 10.4% 14.1%
1962 - - 10.8% 15.9%
1961 - - 9.6% 16.5%
1960 - - 10.1% 16.6%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/philippines | CC BY

In 2024, Afghanistan's government spending was $2.91B, accounting for 19.4% of its GDP, while the Philippines spent $115B, or 24.9% of GDP.

Debt-to-GDP ratio is 8.8% in Afghanistan and 56.6% in the Philippines, ranking 181/185 and 93/185, respectively.

Government deficit by year

Deficit/surplus
Afghanistan

Philippines
1x
Year Deficit/surplus, % of GDP
Afghanistan Philippines
2024 -0.54% -3.78%
2023 -1.33% -4.38%
2022 -1% -5.48%
2021 -0.48% -6.23%
2020 -2.24% -5.55%
2019 -1.06% -1.5%
2018 1.63% -1.48%
2017 -0.67% -0.75%
2016 0.13% -0.74%
2015 -1.38% 0.14%
2014 -1.72% 1.32%
2013 -0.63% 0.37%
2012 0.18% -0.22%
2011 -0.67% -0.38%
2010 0.93% -2.25%
2009 -1.76% -2.57%
2008 -3.86% 0.02%
2007 -2.46% -0.28%
2006 0.68% -0.05%
2005 -0.92% -1.62%
2004 -2.39% -2.81%
2003 -2.1% -3.49%
2002 -0.1% -3.71%
2001 - -3.49%
2000 - -3.27%
1999 - -2.29%
1998 - -1.31%
1997 - 0.37%
1996 - 0.54%
1995 - -0.02%
1994 - -0.44%
1993 - 0.63%
1992 - -0.43%
1991 - -0.26%
1990 - -1.52%
1989 - -1.64%
1988 - -2.71%
1987 - -1.06%
1986 - -0.55%
1985 - 0.71%
1984 - 0.64%
1983 - 0.1%
1982 - -0.88%
1981 - -1.09%
1980 - 0.56%
1979 - 1.54%
1978 - 0.05%
1977 - -0.42%
1976 - -0.55%
1975 - 0.13%
1974 - 5.94%
1973 - 2.49%
1972 - 3.39%
1971 - -0.96%
1970 - -0.31%
1969 - -2.67%
1968 - -2.33%
1967 - -1.35%
1966 - -0.74%
1965 - -1.53%
1964 - -0.99%
1963 - -0.68%
1962 - -0.43%
1961 - -0.29%
1960 - -1.06%
1959 - -0.15%
1958 - -0.21%
1957 - -0.56%
1956 - -0.77%
1955 - -1.3%
1954 - -0.79%
1953 - -0.88%
1952 - 0.49%
1951 - 1.5%
1950 - -0.19%
1949 - -2.33%
1948 - -0.65%
1947 - 0.05%
1946 - -2.54%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1989, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/philippines | CC BY

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was $228M, equivalent to 1.33% of GDP. This compares to the Philippines' deficit of $19.1B, or 4.38% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while the Philippines ran a deficit in 18 years. On average, Afghanistan posted an annual deficit equal to 0.96% of GDP, compared to deficit of 1.89% of GDP for the Philippines.

Inflation comparison by year

Inflation
Afghanistan

Philippines
1x
Year Consumer prices inflation
Afghanistan Philippines
2024 -4.3% 3.21%
2023 -7.7% 5.98%
2022 10.6% 5.82%
2021 7.8% 3.93%
2020 5.6% 2.39%
2019 2.3% 2.39%
2018 0.6% 5.31%
2017 5% 2.85%
2016 4.4% 1.25%
2015 -0.7% 0.67%
2014 4.7% 3.6%
2013 7.4% 2.58%
2012 6.4% 3.03%
2011 11.8% 4.72%
2010 2.2% 3.79%
2009 -6.8% 4.22%
2008 26.4% 8.26%
2007 8.7% 2.9%
2006 6.8% 5.49%
2005 10.6% 6.52%
2004 16.4% 4.83%
2003 35.7% 2.29%
2002 - 2.72%
2001 - 5.35%
2000 - 3.98%
1999 - 5.94%
1998 - 9.23%
1997 - 5.59%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06); International Monetary Fund (IMF) | World Economic Outlook (2003–2024, retrieved 2026-02-20).

GeoRank.org/economy/afghanistan/philippines | CC BY

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 3.91% in the Philippines. In 2024, inflation was -4.3% in Afghanistan and 3.21% in the Philippines.

Top exports between countries

Afghanistan
Export category Export value
Philippines
Export category Export value
Processed food, beverages & tobacco $518K
Textiles & consumer goods $458K
Machinery & equipment $241K
Chemicals & pharma $161K
Wood & paper products $131K
Raw materials & minerals $60K
Raw agricultural goods $34K
Metals $27K
Animal & marine products $23K
Miscellaneous $3K

Balance of trade

Afghanistan Philippines
Current account balance
-$3.14B
2020
-$18.3B
2024
Current account balance ranking
159/190
2020
183/190
2024
Current account balance, % of GDP
-15.7%
2020
-3.96%
2024
Goods imports
$5.88B
2020
$124B
2024
Goods exports
$777M
2020
$55.1B
2024
Service imports
$1.11B
2020
$37.6B
2024
Service exports
$700M
2020
$51.6B
2024
Imports of goods and services, % of GDP
50.7%
2023
40.1%
2024
Exports of goods and services, % of GDP
16.9%
2023
25.8%
2024

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Philippines
Economic freedom 53 62.9
Economic freedom ranking 142/197 85/197
Property rights 3.6 45.8
Government integrity 13.5 35.4
Judicial effectiveness 0 41.8
Tax burden 92 78.3
Government spending 90.8 81
Fiscal health 98.4 60.5
Business freedom 33.7 69.2
Labor freedom 44.4 57.8
Monetary freedom 84.9 72.1
Trade freedom 68.6 83
Investment freedom 10 70
Financial freedom 10 60

Economic freedom comparison by year

Afghanistan
Philippines
1x
Year Economic freedom index
Afghanistan Philippines
2026 - 62.9
2025 - 60.6
2024 - 59
2023 - 59.3
2022 - 61.1
2021 53 64.1
2020 54.7 64.5
2019 51.5 63.8
2018 51.3 65
2017 48.9 65.6
2016 - 63.1
2015 - 62.2
2014 - 60.1
2013 - 58.2
2012 - 57.1
2011 - 56.2
2010 - 56.3
2009 - 56.8
2008 - 56
2007 - 56
2006 - 56.3
2005 - 54.7
2004 - 59.1
2003 - 61.3
2002 - 60.7
2001 - 60.9
2000 - 62.5
1999 - 61.9
1998 - 62.8
1997 - 62.2
1996 - 60.2
1995 - 55

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

GeoRank.org/economy/afghanistan/philippines | CC BY

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 62.9 for the Philippines, ranking 85/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Afghanistan Philippines
Services, % of GDP
46.4%
2023
63.2%
2024
Industry, % of GDP
13.4%
2023
27.7%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
9.08%
2024
GNI, Atlas method
$15.5B
2023
$518B
2024
GNI per capita, PPP
$2,210
2023
$13,330
2024
Total reserves including gold
$9.75B
2020
$106B
2024
Total reserves ranking
78/177
2020
27/177
2024
Net foreign direct investment
$24.3M
2020
-$6.57B
2024
Net inflows of foreign direct investment
$0
2024
$9.44B
2024
Net outflows of foreign direct investment
$0
2024
$2.87B
2024
Servicing debt to the IMF, % of GNI
0.25%
2023
3.45%
2024
Poverty at national poverty lines
47.1%
2019
15.5%
2023
Gross capital formation, % of GDP
15.3%
2023
23.7%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

GeoRank.org/economy/afghanistan/philippines | CC BY

Compare countries by 7 more topics

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1992, retrieved 2026-02-20)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.