Skip to content

Economy of Philippines vs Suriname compared: GDP & Debt

Updated on by Georank

The Philippines has a GDP of $487B compared to $4.52B for Suriname, ranking 34/197 and 165/197 by economy size, respectively.

The Philippines has $289B in government debt (59.4% of GDP), compared to $4.79B (105.8% of GDP) in Suriname.

Philippines vs Suriname GDP by year

Philippines
Suriname
1x
Year GDP, current $
Philippines Suriname
2025 $487,086,123,720 $4,523,657,797
2024 $461,671,157,905 $4,416,775,113
2023 $437,055,627,245 $3,472,693,412
2022 $404,353,369,605 $3,791,603,200
2021 $394,087,359,848 $3,107,923,198
2020 $361,751,145,452 $2,911,807,496
2019 $376,823,402,239 $4,016,040,575
2018 $346,841,896,587 $3,996,198,867
2017 $328,480,736,803 $3,591,679,431
2016 $318,627,003,017 $3,317,421,648
2015 $306,445,871,242 $5,126,237,646
2014 $297,483,555,338 $5,240,606,061
2013 $283,902,828,589 $5,145,757,576
2012 $261,920,540,963 $4,980,000,000
2011 $234,216,730,291 $4,422,276,622
2010 $208,368,893,151 $4,368,370,998
2009 $175,974,755,881 $3,875,409,836
2008 $181,624,626,327 $3,532,969,035
2007 $155,980,408,673 $2,936,612,022
2006 $127,652,926,368 $2,626,380,435
2005 $107,419,977,318 $1,793,410,397
2004 $95,001,999,685 $1,484,092,538
2003 $87,039,092,974 $1,274,190,311
2002 $84,307,345,888 $1,093,574,468
2001 $78,921,234,458 $834,279,358
2000 $83,669,788,377 $947,671,970
1999 $85,640,171,045 $886,290,698
1998 $74,492,416,330 $1,110,850,000
1997 $94,106,317,565 $926,422,500
1996 $94,648,084,429 $861,372,806
1995 $84,644,328,727 $691,590,498
1994 $73,159,336,915 $605,492,537
1993 $62,036,529,147 $428,764,706
1992 $60,422,328,242 $404,600,000
1991 $51,784,144,943 $448,100,000
1990 $50,508,286,642 $388,400,000
1989 $48,513,773,721 $542,600,000
1988 $43,152,128,959 $1,161,000,000
1987 $37,791,488,666 $980,000,000
1986 $33,987,207,295 $891,000,000
1985 $34,961,486,348 $873,000,000
1984 $35,730,185,634 $864,000,000
1983 $37,759,179,895 $883,500,000
1982 $42,206,011,275 $915,000,000
1981 $40,499,388,869 $889,000,000
1980 $36,848,080,899 $795,000,000
1979 $31,218,296,292 $782,500,000
1978 $25,762,224,563 $735,500,000
1977 $22,283,109,803 $641,500,000
1976 $19,381,055,197 $505,500,000
1975 $16,875,240,684 $465,500,000
1974 $15,607,882,555 $409,850,000
1973 $11,412,449,735 $339,450,000
1972 $9,067,815,521 $311,950,000
1971 $8,375,075,630 $301,000,000
1970 $7,559,115,517 $274,900,000
1969 $9,571,800,653 $259,650,000
1968 $8,632,749,269 $241,350,000
1967 $7,724,873,935 $220,700,000
1966 $7,189,017,888 $190,350,000
1965 $6,517,349,772 $154,150,000
1964 $5,953,756,195 $134,400,000
1963 $5,505,023,238 $125,950,000
1962 $4,954,593,072 $116,150,000
1961 $8,171,194,425 $107,700,000
1960 $7,515,894,111 $99,650,000

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Philippines vs Suriname by year

Philippines
GDP per capita

GDP per capita, PPP
Suriname
GDP per capita

GDP per capita, PPP
1x
Year Current $
Philippines Suriname
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,171 - $7,070 -
2024 $3,985 $11,794 $6,962 $21,801
2023 $3,804 $10,986 $5,522 $21,110
2022 $3,548 $10,131 $6,084 $20,079
2021 $3,484 $8,858 $5,030 $18,458
2020 $3,228 $8,238 $4,755 $16,947
2019 $3,401 $8,924 $6,630 $19,772
2018 $3,169 $8,358 $6,666 $17,855
2017 $3,038 $7,774 $6,050 $17,568
2016 $2,985 $7,383 $5,644 $14,475
2015 $2,910 $6,894 $8,814 $16,544
2014 $2,867 $6,689 $9,108 $16,598
2013 $2,781 $6,373 $9,043 $16,173
2012 $2,615 $6,094 $8,851 $15,185
2011 $2,384 $5,705 $7,950 $13,926
2010 $2,163 $5,489 $7,944 $13,039
2009 $1,864 $5,157 $7,130 $12,393
2008 $1,959 $5,144 $6,576 $12,097
2007 $1,713 $4,923 $5,530 $11,530
2006 $1,426 $4,579 $5,003 $10,803
2005 $1,220 $4,289 $3,453 $10,014
2004 $1,100 $4,037 $2,888 $9,389
2003 $1,027 $3,761 $2,516 $8,552
2002 $1,015 $3,580 $2,202 $8,046
2001 $970 $3,469 $1,715 $7,865
2000 $1,051 $3,366 $1,988 $7,535
1999 $1,101 $3,229 $1,898 $7,367
1998 $983 $3,160 $2,429 $7,521
1997 $1,273 $3,221 $2,068 $7,422
1996 $1,311 $3,082 $1,963 $7,048
1995 $1,200 $2,926 $1,610 $7,000
1994 $1,060 $2,800 $1,434 $6,973
1993 $919 $2,684 $1,022 $6,650
1992 $917 $2,629 $969 $6,992
1991 $804 $2,621 $1,080 $6,852
1990 $804 $2,608 $942 $6,493
1989 $792 - $1,329 -
1988 $722 - $2,886 -
1987 $650 - $2,469 -
1986 $600 - $2,271 -
1985 $633 - $2,256 -
1984 $665 - $2,261 -
1983 $723 - $2,333 -
1982 $833 - $2,430 -
1981 $821 - $2,368 -
1980 $767 - $2,118 -
1979 $667 - $2,072 -
1978 $565 - $1,928 -
1977 $502 - $1,666 -
1976 $449 - $1,302 -
1975 $401 - $1,190 -
1974 $379 - $1,041 -
1973 $283.2 - $858 -
1972 $230.1 - $785 -
1971 $217.4 - $768 -
1970 $200.9 - $724 -
1969 $261.1 - $708 -
1968 $242.2 - $681 -
1967 $223.1 - $644 -
1966 $213.8 - $575 -
1965 $199.8 - $482 -
1964 $188.2 - $435 -
1963 $179.5 - $424 -
1962 $166.7 - $409 -
1961 $283.8 - $395 -
1960 $269.5 - $378 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

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

The Philippines' GDP per capita is $4,171, ranking 130/197, compared to $7,070 in Suriname, ranking 104/197. Adjusted for purchasing power (GDP per capita PPP), the Philippines ranks 127th at $11,794, while Suriname ranks 89th at $21,801.

Economic indicators

Philippines Suriname
Gross domestic product
$487B
2025
$4.52B
2025
GDP rank
34/197
2025
165/197
2025
GDP growth
4.4%
2024-2025
1.79%
2024-2025
GDP per capita
$4,171
2025
$7,070
2025
GDP per capita rank
130/197
2025
104/197
2025
GDP per capita, PPP
$11,794
2024
$21,801
2024
GDP per capita PPP rank
127/197
2024
89/197
2024
Government debt
$289B
2025
$4.79B
2025
Debt-to-GDP ratio
59.4%
2025
105.8%
2025
Government debt per person
$2,476
2025
$7,483
2025
Government debt per person rank
113/185
2025
69/185
2025
Average annual personal income after taxes
$3,163
2026
$3,363
2026
Market capitalization of domestic companies
$232B
2025
n/a
Number of billionaires
15
2026
n/a
Income share by richest 10%
31.6%
2023
30.1%
2022
Income share by poorest 10%
2.9%
2023
2.2%
2022
Government expenditure, % of GDP
24.3%
2025
37.3%
2025
Consumer prices inflation
1.66%
2024-2025
9.21%
2024-2025
Central bank interest rate
4.75%
2025
10%
2013
Unemployment rate
2.41%
2023
7.92%
2016
Population
118213646
648096

Spending and national debt comparison by year

Philippines
Spending

Debt
Suriname
Spending

Debt
1x
Year % of GDP
Philippines Suriname
Government spending Government debt Government spending Government debt
2025 24.3% 59.4% 37.3% 105.8%
2024 25.6% 56.6% 29.3% 88%
2023 24.7% 56.5% 28.9% 97.7%
2022 25.9% 57.4% 28.2% 111.7%
2021 27.2% 57% 32% 115.8%
2020 25.9% 51.6% 30.2% 146.4%
2019 21.7% 37% 40.5% 84%
2018 20.9% 37.1% 29.5% 68.6%
2017 19.5% 38.1% 28.7% 73%
2016 19% 37.4% 27.9% 75.4%
2015 17.8% 39.7% 29.9% 41.2%
2014 16.8% 40.3% 25.2% 25.2%
2013 17.3% 43.9% 26.2% 27.9%
2012 17.7% 45.7% 25.1% 20.1%
2011 17.2% 45.4% 21% 18.7%
2010 18.3% 47.6% 21% 17.3%
2009 19.2% 49.8% 24% 14.6%
2008 17.9% 50% 20.5% 14.8%
2007 18.2% 50.2% 22.6% 16.4%
2006 18.3% 57.2% 22.2% 22.5%
2005 18.7% 64.7% 22.2% 27.1%
2004 19.4% 71.1% 20.8% 29.4%
2003 20.4% 71.4% 19.2% 31.5%
2002 20.6% 65.2% 22.2% 37.4%
2001 21% 59.5% 21.8% 37.2%
2000 20.8% 59.2% 24.4% 48.4%
1999 20.7% 54.2% 19.6% 32.3%
1998 20.3% 50.8% 30.3% 21.6%
1997 20.3% 56.9% 21.1% 16.8%
1996 19.6% 53.1% 21.4% 11.8%
1995 19.1% 60.8% 20.2% 16.3%
1994 19.7% 63.6% 19.8% 30.5%
1993 17.6% 73.9% 21.2% 51.1%
1992 18.4% 53.9% 24.4% 64.4%
1991 18% 55.6% 26.6% 75.7%
1990 18.8% 56.2% 22.7% 72.9%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-07-08).

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

In 2025, the Philippines' government spending was $118B, accounting for 24.3% of its GDP, while Suriname spent $1.69B, or 37.3% of GDP.

Debt-to-GDP ratio is 59.4% in the Philippines and 105.8% in Suriname, ranking 79/185 and 18/185, respectively.

Government deficit by year

Deficit/surplus
Philippines

Suriname
1x
Year Deficit/surplus, % of GDP
Philippines Suriname
2025 -3.97% -9.61%
2024 -4.44% -3.36%
2023 -4.38% -1.67%
2022 -5.48% -2.57%
2021 -6.23% -5.66%
2020 -5.55% -12%
2019 -1.5% -20.2%
2018 -1.48% -8.56%
2017 -0.75% -8.62%
2016 -0.74% -10.2%
2015 0.14% -8.29%
2014 1.32% -2.65%
2013 0.37% -2.64%
2012 -0.22% -0.38%
2011 -0.38% 2.32%
2010 -2.25% -0.15%
2009 -2.57% 2.03%
2008 0.02% 2.39%
2007 -0.28% 5.01%
2006 -0.05% 0.59%
2005 -1.62% -3.39%
2004 -2.81% -1.2%
2003 -3.49% -0.11%
2002 -3.71% -3.3%
2001 -3.49% 3.49%
2000 -3.27% -7.76%
1999 -2.29% -4.92%
1998 -1.31% -6.39%
1997 0.37% -0.32%
1996 0.54% 3.42%
1995 -0.02% 1.17%
1994 -0.44% -1.89%
1993 0.63% -4.68%
1992 -0.43% -6.45%
1991 -0.26% -9.8%
1990 -1.52% -3.04%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1989, retrieved 2026-07-08).

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

In 2025, the Philippines' government deficit, the difference between spending and revenue, was $19.4B, equivalent to 3.97% of GDP. This compares to Suriname's deficit of $435M, or 9.61% of GDP.

Over the past 36 years, the Philippines recorded a fiscal deficit in 29 of those years, while Suriname ran a deficit in 28 years. On average, the Philippines posted an annual deficit equal to 1.71% of GDP, compared to deficit of 3.59% of GDP for Suriname.

Inflation comparison by year

Inflation
Philippines

Suriname
1x
Year Consumer prices inflation
Philippines Suriname
2025 1.66% 9.21%
2024 3.21% 16.2%
2023 5.98% 51.6%
2022 5.82% 52.4%
2021 3.93% 59.1%
2020 2.39% 34.9%
2019 2.39% -
2018 5.31% -
2017 2.85% 22%
2016 1.25% 55.4%
2015 0.67% 6.89%
2014 3.6% 3.38%
2013 2.58% 1.92%
2012 3.03% 5.01%
2011 4.72% 17.7%
2010 3.79% 6.94%
2009 4.22% -0.13%
2008 8.26% 14.7%
2007 2.9% 6.43%
2006 5.49% 11.3%
2005 6.52% 9.9%
2004 4.83% 9.99%
2003 2.29% 23%
2002 2.72% 15.5%
2001 5.35% 38.6%
2000 3.98% 59.4%
1999 5.94% 98.8%
1998 9.23% 19%
1997 5.59% 7.15%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, the Philippines has recorded an average annual inflation rate of 4.16%, compared with 24.3% in Suriname. In 2025, inflation was 1.66% in the Philippines and 9.21% in Suriname.

Top exports between countries

Philippines
Export category Export value
Processed food, beverages & tobacco $135K
Textiles & consumer goods $134K
Chemicals & pharma $93K
Raw agricultural goods $9K
Machinery & equipment $4K
Miscellaneous $1K
Precious metals & jewellery $1K
Suriname
Export category Export value
Processed food, beverages & tobacco $78K
Animal & marine products $42K
Wood & paper products $18K

Balance of trade

Philippines Suriname
Current account balance
-$16.3B
2025
-$2.48B
2025
Current account balance ranking
181/190
2025
146/190
2025
Current account balance, % of GDP
-3.34%
2025
-54.9%
2025
Goods imports
$130B
2025
$1.91B
2025
Goods exports
$63.4B
2025
$2.97B
2025
Service imports
$38.2B
2025
$3.59B
2025
Service exports
$51.5B
2025
$218M
2025
Imports of goods and services, % of GDP
40.2%
2025
38.4%
2010
Exports of goods and services, % of GDP
26.6%
2025
52.5%
2010

Economic freedom indices

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

Philippines Suriname
Economic freedom 62.9 53
Economic freedom ranking 85/197 143/197
Property rights 45.8 40.5
Government integrity 35.4 41
Judicial effectiveness 41.8 46.5
Tax burden 78.3 69.1
Government spending 81 74.3
Fiscal health 60.5 76.6
Business freedom 69.2 56.9
Labor freedom 57.8 69
Monetary freedom 72.1 56.4
Trade freedom 83 65.2
Investment freedom 70 20
Financial freedom 60 20

Economic freedom comparison by year

Philippines
Suriname
1x
Year Economic freedom index
Philippines Suriname
2026 62.9 53
2025 60.6 50.9
2024 59 46.7
2023 59.3 46.1
2022 61.1 48.1
2021 64.1 46.4
2020 64.5 49.5
2019 63.8 48.1
2018 65 48.1
2017 65.6 48
2016 63.1 53.8
2015 62.2 54.2
2014 60.1 54.2
2013 58.2 52
2012 57.1 52.6
2011 56.2 53.1
2010 56.3 52.5
2009 56.8 54.1
2008 56 54.3
2007 56 54.8
2006 56.3 55.1
2005 54.7 51.9
2004 59.1 47.9
2003 61.3 46.9
2002 60.7 48
2001 60.9 44.3
2000 62.5 45.8
1999 61.9 40.1
1998 62.8 39.9
1997 62.2 35.9
1996 60.2 36.7
1995 55 -

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

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

The Economic Freedom Index for the Philippines is 62.9, ranking 85/197, compared to 53 for Suriname, ranking 143/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Philippines Suriname
Services, % of GDP
64.4%
2025
50.8%
2024
Industry, % of GDP
27%
2025
35.1%
2024
Agriculture, forestry, and fishing, % of GDP
8.59%
2025
6.77%
2024
GNI, Atlas method
$567B
2025
$3.93B
2025
GNI per capita, PPP
$14,460
2025
$21,000
2025
Total reserves including gold
$111B
2025
$1.62B
2025
Total reserves ranking
28/177
2025
132/177
2025
Net foreign direct investment
-$6.19B
2025
-$2.04B
2025
Net inflows of foreign direct investment
$9.4B
2024
$666M
2024
Net outflows of foreign direct investment
$2.7B
2024
-$9.05M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
20.5%
2023
Poverty at national poverty lines
15.5%
2023
70%
2020
Gross capital formation, % of GDP
22.1%
2025
36.2%
2010

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

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

Compare countries by 7 more topics

Help us show the world through your eyes

Share a photo of your city and help others discover what it looks like to live there. Your contribution makes our data come alive.

Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. International Monetary Fund (IMF) | Public Finances in Modern History (1946–1992, retrieved 2026-07-08)
  4. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2021–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-07-08)

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.