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Economy of Philippines vs Tunisia compared: GDP & Debt

Updated on by Georank team

The Philippines has a GDP of $462B compared to $51.3B for Tunisia, ranking 35/197 and 93/197 by economy size, respectively.

The Philippines has $261B in government debt (56.6% of GDP), compared to $42.8B (83.4% of GDP) in Tunisia.

Philippines vs Tunisia GDP by year

Philippines
Tunisia
1x
Year GDP, current $
Philippines Tunisia
2024 $461,617,509,782 $51,332,285,657
2023 $437,055,627,244 $48,205,328,303
2022 $404,353,369,605 $44,929,920,093
2021 $394,087,359,848 $47,073,234,359
2020 $361,751,145,452 $42,491,780,918
2019 $376,823,402,239 $41,905,642,419
2018 $346,841,896,587 $42,686,504,460
2017 $328,480,736,803 $42,163,530,591
2016 $318,627,003,017 $44,360,072,680
2015 $306,445,871,242 $45,779,494,042
2014 $297,483,555,338 $50,271,812,921
2013 $283,902,828,589 $48,685,446,414
2012 $261,920,540,963 $47,311,401,813
2011 $234,216,730,291 $48,123,325,825
2010 $208,368,893,151 $46,206,091,938
2009 $175,974,755,881 $43,455,740,497
2008 $181,624,626,327 $44,859,439,902
2007 $155,980,408,673 $38,915,353,867
2006 $127,652,926,368 $34,376,664,601
2005 $107,419,977,318 $32,272,186,695
2004 $95,001,999,685 $31,183,885,241
2003 $87,039,092,974 $27,453,902,261
2002 $84,307,345,888 $23,141,616,605
2001 $78,921,234,458 $22,065,832,449
2000 $83,669,788,377 $21,473,528,161
1999 $85,640,171,045 $22,943,202,175
1998 $74,492,416,330 $21,802,893,587
1997 $94,106,317,565 $20,746,210,354
1996 $94,648,084,429 $19,587,161,807
1995 $84,644,328,727 $18,030,876,599
1994 $73,159,336,915 $15,633,174,304
1993 $62,036,529,147 $14,608,335,608
1992 $60,422,328,242 $15,496,708,060
1991 $51,784,144,943 $13,074,782,609
1990 $50,508,286,642 $12,290,568,182
1989 $48,513,773,721 $10,101,851,745
1988 $43,152,128,959 $10,096,245,762
1987 $37,791,488,666 $9,696,715,911
1986 $33,987,207,295 $9,017,806,654
1985 $34,961,486,348 $8,410,226,053
1984 $35,730,185,634 $8,254,541,195
1983 $37,759,179,895 $8,350,582,748
1982 $42,206,011,275 $8,133,580,052
1981 $40,499,388,869 $8,428,445,294
1980 $36,848,080,899 $8,744,134,354
1979 $31,218,296,292 $7,188,863,904
1978 $25,762,224,563 $5,968,460,080
1977 $22,283,109,803 $5,109,324,009
1976 $19,381,055,197 $4,508,191,942
1975 $16,875,240,684 $4,328,965,588
1974 $15,607,882,555 $3,545,868,575
1973 $11,412,449,735 $2,730,813,385
1972 $9,067,815,521 $2,237,556,149
1971 $8,375,075,630 $1,685,162,272
1970 $7,559,115,517 $1,439,238,095
1969 $9,571,800,653 $1,289,904,762
1968 $8,632,749,269 $1,214,666,667
1967 $7,724,873,935 $1,085,714,286
1966 $7,189,017,888 $1,040,952,381
1965 $6,517,349,772 $991,047,619
1964 $5,953,756,195 $1,025,866,792
1963 $5,505,023,238 $1,026,737,600
1962 $4,954,593,072 $880,027,733
1961 $8,171,194,425 $866,155,429
1960 $7,515,894,111 -

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

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

GDP per capita in Philippines vs Tunisia by year

Philippines
GDP per capita

GDP per capita, PPP
Tunisia
GDP per capita

GDP per capita, PPP
1x
Year Current $
Philippines Tunisia
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $3,985 $11,794 $4,181 $14,521
2023 $3,804 $10,986 $3,951 $14,041
2022 $3,548 $10,131 $3,707 $13,619
2021 $3,484 $8,858 $3,907 $12,444
2020 $3,228 $8,238 $3,549 $11,918
2019 $3,401 $8,924 $3,529 $12,495
2018 $3,169 $8,358 $3,628 $11,841
2017 $3,038 $7,774 $3,619 $11,289
2016 $2,985 $7,383 $3,848 $10,994
2015 $2,910 $6,894 $4,015 $10,783
2014 $2,867 $6,689 $4,459 $10,947
2013 $2,781 $6,373 $4,370 $10,672
2012 $2,615 $6,094 $4,297 $10,615
2011 $2,384 $5,705 $4,421 $10,436
2010 $2,163 $5,489 $4,292 $10,555
2009 $1,864 $5,157 $4,080 $10,237
2008 $1,959 $5,144 $4,255 $9,975
2007 $1,713 $4,923 $3,727 $9,479
2006 $1,426 $4,579 $3,323 $8,729
2005 $1,220 $4,289 $3,147 $8,117
2004 $1,100 $4,037 $3,067 $7,672
2003 $1,027 $3,761 $2,726 $7,098
2002 $1,015 $3,580 $2,321 $6,715
2001 $970 $3,469 $2,236 $6,593
2000 $1,051 $3,366 $2,199 $6,279
1999 $1,101 $3,229 $2,376 $5,930
1998 $983 $3,160 $2,285 $5,579
1997 $1,273 $3,221 $2,202 $5,333
1996 $1,311 $3,082 $2,107 $5,040
1995 $1,200 $2,926 $1,968 $4,686
1994 $1,060 $2,800 $1,733 $4,555
1993 $919 $2,684 $1,649 $4,401
1992 $917 $2,629 $1,785 $4,292
1991 $804 $2,621 $1,538 $3,975
1990 $804 $2,608 $1,476 $3,780
1989 $792 - $1,239 -
1988 $722 - $1,266 -
1987 $650 - $1,245 -
1986 $600 - $1,187 -
1985 $633 - $1,135 -
1984 $665 - $1,143 -
1983 $723 - $1,184 -
1982 $833 - $1,177 -
1981 $821 - $1,247 -
1980 $767 - $1,324 -
1979 $667 - $1,113 -
1978 $565 - $946 -
1977 $502 - $830 -
1976 $449 - $752 -
1975 $401 - $741 -
1974 $379 - $624 -
1973 $283.2 - $493 -
1972 $230.1 - $415 -
1971 $217.4 - $320 -
1970 $200.9 - $280.5 -
1969 $261.1 - $257.7 -
1968 $242.2 - $248.9 -
1967 $223.1 - $228 -
1966 $213.8 - $223.8 -
1965 $199.8 - $217.3 -
1964 $188.2 - $228.5 -
1963 $179.5 - $231.9 -
1962 $166.7 - $201.4 -
1961 $283.8 - $200.7 -
1960 $269.5 - - -

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

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

The Philippines' GDP per capita is $3,985, ranking 130/197, compared to $4,181 in Tunisia, ranking 129/197. Adjusted for purchasing power (GDP per capita PPP), the Philippines ranks 127th at $11,794, while Tunisia ranks 114th at $14,521.

Economic indicators

Philippines Tunisia
Gross domestic product
$462B
2024
$51.3B
2024
GDP rank
35/197
2024
93/197
2024
GDP growth
5.69%
2023-2024
1.61%
2023-2024
GDP per capita
$3,985
2024
$4,181
2024
GDP per capita rank
130/197
2024
129/197
2024
GDP per capita, PPP
$11,794
2024
$14,521
2024
GDP per capita PPP rank
127/197
2024
114/197
2024
Government debt
$261B
2024
$42.8B
2024
Debt-to-GDP ratio
56.6%
2024
83.4%
2024
Government debt per person
$2,257
2024
$3,487
2024
Government debt per person rank
117/185
2024
94/185
2024
Average annual personal income after taxes
$3,407
2026
$3,951
2026
Market capitalization of domestic companies
$252B
2024
$8.3B
2024
Number of billionaires
15
2025
n/a
Income share by richest 10%
31.6%
2023
27%
2021
Income share by poorest 10%
2.9%
2023
3.1%
2021
Government expenditure, % of GDP
24.9%
2024
33.8%
2024
Consumer prices inflation
3.21%
2023-2024
7%
2023-2024
Central bank interest rate
4.75%
2025
7.5%
2025
Unemployment rate
2.41%
2023
15.1%
2023
Population
117991570
12437803

Spending and national debt comparison by year

Philippines
Spending

Debt
Tunisia
Spending

Debt
1x
Year % of GDP
Philippines Tunisia
Government spending Government debt Government spending Government debt
2024 24.9% 56.6% 33.8% 83.4%
2023 24.7% 56.5% 35.7% 84%
2022 25.9% 57.4% 36.5% 83%
2021 27.2% 57% 33.2% 79.7%
2020 25.9% 51.6% 34.5% 77.7%
2019 21.7% 37% 29.5% 67.3%
2018 20.9% 37.1% 28.7% 72.9%
2017 19.5% 38.1% 28.7% 67.1%
2016 19% 37.4% 27.2% 58.9%
2015 17.8% 39.7% 27.4% 52.4%
2014 16.8% 40.3% 27.7% 50.7%
2013 17.3% 43.9% 30.8% 45.6%
2012 17.7% 45.7% 28.3% 49%
2011 17.2% 45.4% 27.9% 43.3%
2010 18.3% 47.6% 24% 38.8%
2009 19.2% 49.8% 24.6% 40.3%
2008 17.9% 50% 23.7% 41.4%
2007 18.2% 50.2% 23.3% 42.7%
2006 18.3% 57.2% 22.9% 45.7%
2005 18.7% 64.7% 23% 50%
2004 19.4% 71.1% 23% 51.6%
2003 20.4% 71.4% 23.5% 52.6%
2002 20.6% 65.2% 24.1% 51.6%
2001 21% 59.5% 24% 52.2%
2000 20.8% 59.2% 24% 62.9%
1999 20.7% 54.2% 24% 61.9%
1998 20.3% 50.8% 24.2% 58.2%
1997 20.3% 56.9% 24.5% 66.6%
1996 19.6% 53.1% 26.7% 66.8%
1995 19.1% 60.8% 26.6% 65.6%
1994 19.7% 63.6% 25.9% 63.9%
1993 17.6% 73.9% 26.7% 63.8%
1992 18.4% 53.9% 25.7% 62.1%
1991 18% 55.6% 27.6% 63.3%
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/philippines/tunisia | CC BY

In 2024, the Philippines' government spending was $115B, accounting for 24.9% of its GDP, while Tunisia spent $17.4B, or 33.8% of GDP.

Debt-to-GDP ratio is 56.6% in the Philippines and 83.4% in Tunisia, ranking 93/185 and 40/185, respectively.

Government deficit by year

Deficit/surplus
Philippines

Tunisia
1x
Year Deficit/surplus, % of GDP
Philippines Tunisia
2024 -3.78% -5.92%
2023 -4.38% -7.03%
2022 -5.48% -6.91%
2021 -6.23% -7.6%
2020 -5.55% -9.06%
2019 -1.5% -3.6%
2018 -1.48% -4.27%
2017 -0.75% -5.61%
2016 -0.74% -5.87%
2015 0.14% -4.95%
2014 1.32% -3.11%
2013 0.37% -7.05%
2012 -0.22% -4.9%
2011 -0.38% -3.19%
2010 -2.25% -0.46%
2009 -2.57% -2.59%
2008 0.02% -0.62%
2007 -0.28% -2.47%
2006 -0.05% -2.33%
2005 -1.62% -2.59%
2004 -2.81% -2.1%
2003 -3.49% -2.64%
2002 -3.71% -2.55%
2001 -3.49% -2.87%
2000 -3.27% -3.22%
1999 -2.29% -3.05%
1998 -1.31% -2.84%
1997 0.37% -3.7%
1996 0.54% -5.18%
1995 -0.02% -4.53%
1994 -0.44% -2.87%
1993 0.63% -3.22%
1992 -0.43% -3.45%
1991 -0.26% -5.25%
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/philippines/tunisia | CC BY

In 2024, the Philippines' government deficit, the difference between spending and revenue, was $17.5B, equivalent to 3.78% of GDP. This compares to Tunisia's deficit of $3.04B, or 5.92% of GDP.

Over the past 34 years, the Philippines recorded a fiscal deficit in 27 of those years, while Tunisia ran a deficit in 34 years. On average, the Philippines posted an annual deficit equal to 1.63% of GDP, compared to deficit of 4.05% of GDP for Tunisia.

Inflation comparison by year

Inflation
Philippines

Tunisia
1x
Year Consumer prices inflation
Philippines Tunisia
2024 3.21% 7%
2023 5.98% 9.3%
2022 5.82% 8.3%
2021 3.93% 5.7%
2020 2.39% 5.6%
2019 2.39% 6.7%
2018 5.31% 7.3%
2017 2.85% 5.3%
2016 1.25% 3.6%
2015 0.67% 4.4%
2014 3.6% 4.6%
2013 2.58% 5.3%
2012 3.03% 4.6%
2011 4.72% 3.2%
2010 3.79% 4.4%
2009 4.22% 3.5%
2008 8.26% 4.9%
2007 2.9% 3.4%
2006 5.49% 4.1%
2005 6.52% 2%
2004 4.83% 3.7%
2003 2.29% 2.7%
2002 2.72% 2.7%
2001 5.35% 1.9%
2000 3.98% 2.8%
1999 5.94% 2.8%
1998 9.23% 3.1%
1997 5.59% 3.6%

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

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

Over the past 28 years, the Philippines has recorded an average annual inflation rate of 4.24%, compared with 4.52% in Tunisia. In 2024, inflation was 3.21% in the Philippines and 7% in Tunisia.

Top exports between countries

Philippines
Export category Export value
Machinery & equipment $17.3M
Precious metals & jewellery $486K
Processed food, beverages & tobacco $214K
Textiles & consumer goods $126K
Raw agricultural goods $52K
Wood & paper products $25K
Chemicals & pharma $7K
Tunisia
Export category Export value
Machinery & equipment $4.56M
Wood & paper products $1.48M
Animal & marine products $66K
Textiles & consumer goods $5K

Balance of trade

Philippines Tunisia
Current account balance
-$18.3B
2024
-$775M
2024
Current account balance ranking
183/190
2024
117/190
2024
Current account balance, % of GDP
-3.96%
2024
-1.51%
2024
Goods imports
$124B
2024
$18.7B
2024
Goods exports
$55.1B
2024
$8.95B
2024
Service imports
$37.6B
2024
$3.92B
2024
Service exports
$51.6B
2024
$11.2B
2024
Imports of goods and services, % of GDP
40.1%
2024
56.3%
2024
Exports of goods and services, % of GDP
25.8%
2024
50%
2024

Economic freedom indices

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

Philippines Tunisia
Economic freedom 62.9 48.1
Economic freedom ranking 85/197 172/197
Property rights 45.8 55.7
Government integrity 35.4 42.1
Judicial effectiveness 41.8 39.7
Tax burden 78.3 68.5
Government spending 81 62.5
Fiscal health 60.5 16
Business freedom 69.2 59.4
Labor freedom 57.8 55.8
Monetary freedom 72.1 72.4
Trade freedom 83 54.6
Investment freedom 70 20
Financial freedom 60 30

Economic freedom comparison by year

Philippines
Tunisia
1x
Year Economic freedom index
Philippines Tunisia
2026 62.9 48.1
2025 60.6 49.1
2024 59 48.8
2023 59.3 52.9
2022 61.1 54.2
2021 64.1 56.6
2020 64.5 55.8
2019 63.8 55.4
2018 65 58.9
2017 65.6 55.7
2016 63.1 57.6
2015 62.2 57.7
2014 60.1 57.3
2013 58.2 57
2012 57.1 58.6
2011 56.2 58.5
2010 56.3 58.9
2009 56.8 58
2008 56 60.1
2007 56 60.3
2006 56.3 57.5
2005 54.7 55.4
2004 59.1 58.4
2003 61.3 58.1
2002 60.7 60.2
2001 60.9 60.8
2000 62.5 61.3
1999 61.9 61.1
1998 62.8 63.9
1997 62.2 63.8
1996 60.2 63.9
1995 55 63.4

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

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

The Economic Freedom Index for the Philippines is 62.9, ranking 85/197, compared to 48.1 for Tunisia, ranking 172/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Philippines Tunisia
Services, % of GDP
63.2%
2024
62.6%
2024
Industry, % of GDP
27.7%
2024
22.6%
2024
Agriculture, forestry, and fishing, % of GDP
9.08%
2024
9.74%
2024
GNI, Atlas method
$518B
2024
$47.7B
2024
GNI per capita, PPP
$13,330
2024
$14,230
2024
Total reserves including gold
$106B
2024
$9.34B
2024
Total reserves ranking
27/177
2024
80/177
2024
Net foreign direct investment
-$6.57B
2024
-$725M
2024
Net inflows of foreign direct investment
$9.44B
2024
$760M
2024
Net outflows of foreign direct investment
$2.87B
2024
$34.6M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
10.9%
2024
Poverty at national poverty lines
15.5%
2023
16.6%
2021
Gross capital formation, % of GDP
23.7%
2024
7.86%
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/philippines/tunisia | CC BY

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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 (2022–2024, 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.