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Economy of Philippines vs Uzbekistan compared: GDP & Debt

Updated on by Georank

The Philippines has a GDP of $487B compared to $147B for Uzbekistan, ranking 34/197 and 61/197 by economy size, respectively.

The Philippines has $289B in government debt (59.4% of GDP), compared to $42B (28.6% of GDP) in Uzbekistan.

Philippines vs Uzbekistan GDP by year

Philippines
Uzbekistan
1x
Year GDP, current $
Philippines Uzbekistan
2025 $487,086,123,720 $147,038,081,129
2024 $461,671,157,905 $121,356,065,241
2023 $437,055,627,245 $107,526,539,716
2022 $404,353,369,605 $94,286,355,836
2021 $394,087,359,848 $81,170,051,811
2020 $361,751,145,452 $70,127,127,133
2019 $376,823,402,239 $70,170,662,563
2018 $346,841,896,587 $61,318,332,403
2017 $328,480,736,803 $72,276,404,058
2016 $318,627,003,017 $97,871,364,319
2015 $306,445,871,242 $97,564,568,987
2014 $297,483,555,338 $91,303,765,114
2013 $283,902,828,589 $82,674,178,352
2012 $261,920,540,963 $75,318,846,931
2011 $234,216,730,291 $67,404,618,405
2010 $208,368,893,151 $55,544,226,553
2009 $175,974,755,881 $33,689,223,673
2008 $181,624,626,327 $29,549,438,884
2007 $155,980,408,673 $22,311,393,928
2006 $127,652,926,368 $17,330,833,853
2005 $107,419,977,318 $14,307,509,839
2004 $95,001,999,685 $12,030,023,548
2003 $87,039,092,974 $10,134,453,435
2002 $84,307,345,888 $9,687,788,513
2001 $78,921,234,458 $11,401,421,329
2000 $83,669,788,377 $13,760,513,969
1999 $85,640,171,045 $17,078,465,982
1998 $74,492,416,330 $14,988,971,211
1997 $94,106,317,565 $14,744,603,774
1996 $94,648,084,429 $13,948,892,216
1995 $84,644,328,727 $13,350,461,265
1994 $73,159,336,915 $12,899,074,922
1993 $62,036,529,147 $13,099,920,056
1992 $60,422,328,242 $12,953,801,760
1991 $51,784,144,943 $13,800,167,712
1990 $50,508,286,642 $13,362,340,338
1989 $48,513,773,721 $11,948,815,258
1988 $43,152,128,959 $10,722,799,639
1987 $37,791,488,666 $8,523,160,593
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 (1960–2025, retrieved 2026-07-08).

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

GDP per capita in Philippines vs Uzbekistan by year

Philippines
GDP per capita

GDP per capita, PPP
Uzbekistan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Philippines Uzbekistan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $4,171 - $3,968 -
2024 $3,985 $11,794 $3,337 $11,879
2023 $3,804 $10,986 $3,016 $11,107
2022 $3,548 $10,131 $2,699 $10,293
2021 $3,484 $8,858 $2,370 $9,248
2020 $3,228 $8,238 $2,088 $8,452
2019 $3,401 $8,924 $2,129 $8,544
2018 $3,169 $8,358 $1,894 $8,129
2017 $3,038 $7,774 $2,271 $7,818
2016 $2,985 $7,383 $3,128 $6,919
2015 $2,910 $6,894 $3,173 $6,800
2014 $2,867 $6,689 $3,021 $6,610
2013 $2,781 $6,373 $2,781 $6,413
2012 $2,615 $6,094 $2,574 $6,168
2011 $2,384 $5,705 $2,339 $5,949
2010 $2,163 $5,489 $1,957 $5,505
2009 $1,864 $5,157 $1,206 $5,135
2008 $1,959 $5,144 $1,075 $4,800
2007 $1,713 $4,923 $824 $4,386
2006 $1,426 $4,579 $649 $3,956
2005 $1,220 $4,289 $543 $3,618
2004 $1,100 $4,037 $462 $3,321
2003 $1,027 $3,761 $394 $3,047
2002 $1,015 $3,580 $381 $2,902
2001 $970 $3,469 $454 $2,782
2000 $1,051 $3,366 $555 $2,644
1999 $1,101 $3,229 $698 $2,522
1998 $983 $3,160 $621 $2,418
1997 $1,273 $3,221 $621 $2,329
1996 $1,311 $3,082 $597 $2,214
1995 $1,200 $2,926 $583 $2,178
1994 $1,060 $2,800 $574 $2,197
1993 $919 $2,684 $596 $2,318
1992 $917 $2,629 $603 $2,371
1991 $804 $2,621 $658 $2,676
1990 $804 $2,608 $653 $2,665
1989 $792 - $598 -
1988 $722 - $551 -
1987 $650 - $450 -
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 (1960–2025, retrieved 2026-07-08).

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

The Philippines' GDP per capita is $4,171, ranking 130/197, compared to $3,968 in Uzbekistan, ranking 134/197. Adjusted for purchasing power (GDP per capita PPP), the Philippines ranks 127th at $11,794, while Uzbekistan ranks 125th at $11,879.

Economic indicators

Philippines Uzbekistan
Gross domestic product
$487B
2025
$147B
2025
GDP rank
34/197
2025
61/197
2025
GDP growth
4.4%
2024-2025
7.7%
2024-2025
GDP per capita
$4,171
2025
$3,968
2025
GDP per capita rank
130/197
2025
134/197
2025
GDP per capita, PPP
$11,794
2024
$11,879
2024
GDP per capita PPP rank
127/197
2024
125/197
2024
Government debt
$289B
2025
$42B
2025
Debt-to-GDP ratio
59.4%
2025
28.6%
2025
Government debt per person
$2,476
2025
$1,134
2025
Government debt per person rank
113/185
2025
139/185
2025
Average annual personal income after taxes
$3,163
2026
$3,560
2026
Market capitalization of domestic companies
$232B
2025
$23.7B
2025
Number of billionaires
15
2026
n/a
Income share by richest 10%
31.6%
2023
24.2%
2025
Income share by poorest 10%
2.9%
2023
2.4%
2025
Government expenditure, % of GDP
24.3%
2025
27.4%
2025
Consumer prices inflation
1.66%
2024-2025
8.8%
2024-2025
Central bank interest rate
4.75%
2025
14%
2025
Unemployment rate
2.41%
2023
5.29%
2020
Population
118213646
38082870

Spending and national debt comparison by year

Philippines
Spending

Debt
Uzbekistan
Spending

Debt
1x
Year % of GDP
Philippines Uzbekistan
Government spending Government debt Government spending Government debt
2025 24.3% 59.4% 27.4% 28.6%
2024 25.6% 56.6% 26.1% 30.9%
2023 24.7% 56.5% 28.6% 30.7%
2022 25.9% 57.4% 30% 29.2%
2021 27.2% 57% 26.1% 30.2%
2020 25.9% 51.6% 24.7% 31.9%
2019 21.7% 37% 23.4% 24.3%
2018 20.9% 37.1% 21.2% 16.7%
2017 19.5% 38.1% 19.9% 17.3%
2016 19% 37.4% 20.5% 7.21%
2015 17.8% 39.7% 21.7% 5.94%
2014 16.8% 40.3% 22% 5.39%
2013 17.3% 43.9% 22.3% 5.51%
2012 17.7% 45.7% 21.5% 6.06%
2011 17.2% 45.4% 21.1% 5.65%
2010 18.3% 47.6% 23.7% 5.92%
2009 19.2% 49.8% 24.7% 6.57%
2008 17.9% 50% 23.8% 7.5%
2007 18.2% 50.2% 22.4% 8.6%
2006 18.3% 57.2% 22.3% 12.2%
2005 18.7% 64.7% 25.3% 18.9%
2004 19.4% 71.1% 26.5% 24.2%
2003 20.4% 71.4% 28.4% 28.3%
2002 20.6% 65.2% 31.2% 37.5%
2001 21% 59.5% 27.6% 40.4%
2000 20.8% 59.2% 29.6% 26.5%
1999 20.7% 54.2% 30.3% 16.6%
1998 20.3% 50.8% 31.6% 16.2%
1997 20.3% 56.9% 28.7% 13.8%
1996 19.6% 53.1% 31.6% -
1995 19.1% 60.8% 26.5% -
1994 19.7% 63.6% 24.4% -
1993 17.6% 73.9% 35.6% -
1992 18.4% 53.9% 16.2% -
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1960–1992, retrieved 2026-07-08).

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

In 2025, the Philippines' government spending was $118B, accounting for 24.3% of its GDP, while Uzbekistan spent $40.2B, or 27.4% of GDP.

Debt-to-GDP ratio is 59.4% in the Philippines and 28.6% in Uzbekistan, ranking 79/185 and 159/185, respectively.

Government deficit by year

Deficit/surplus
Philippines

Uzbekistan
1x
Year Deficit/surplus, % of GDP
Philippines Uzbekistan
2025 -3.97% -1.66%
2024 -4.44% -2.25%
2023 -4.38% -3.85%
2022 -5.48% -3.49%
2021 -6.23% -3.9%
2020 -5.55% -2.8%
2019 -1.5% -0.29%
2018 -1.48% 1.57%
2017 -0.75% 1.04%
2016 -0.74% 0.62%
2015 0.14% -0.24%
2014 1.32% 1.68%
2013 0.37% 1.9%
2012 -0.22% 5.28%
2011 -0.38% 4.56%
2010 -2.25% 2.29%
2009 -2.57% 1.64%
2008 0.02% 5.38%
2007 -0.28% 3.2%
2006 -0.05% 2.45%
2005 -1.62% -3.17%
2004 -2.81% -3.37%
2003 -3.49% -4.39%
2002 -3.71% -5.69%
2001 -3.49% -2.95%
2000 -3.27% -3.29%
1999 -2.29% -2.62%
1998 -1.31% -2.74%
1997 0.37% -1.85%
1996 0.54% -1.41%
1995 -0.02% -1.59%
1994 -0.44% -4.03%
1993 0.63% -10.8%
1992 -0.43% 6.44%
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 (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1946–1989, retrieved 2026-07-08).

GeoRank.org/economy/philippines/uzbekistan | 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 Uzbekistan's deficit of $2.43B, or 1.66% of GDP.

Over the past 34 years, the Philippines recorded a fiscal deficit in 27 of those years, while Uzbekistan ran a deficit in 21 years. On average, the Philippines posted an annual deficit equal to 1.76% of GDP, compared to deficit of 0.83% of GDP for Uzbekistan.

Inflation comparison by year

Inflation
Philippines

Uzbekistan
1x
Year Consumer prices inflation
Philippines Uzbekistan
2025 1.66% 8.8%
2024 3.21% 9.6%
2023 5.98% 10%
2022 5.82% 11.4%
2021 3.93% 10.8%
2020 2.39% 12.9%
2019 2.39% 14.5%
2018 5.31% 17.5%
2017 2.85% 13.9%
2016 1.25% 8.8%
2015 0.67% 8.5%
2014 3.6% 9.1%
2013 2.58% 11.7%
2012 3.03% 11.9%
2011 4.72% 12.4%
2010 3.79% 12.3%
2009 4.22% 12.3%
2008 8.26% 13.1%
2007 2.9% 11.2%
2006 5.49% 13.1%
2005 6.52% 10.7%
2004 4.83% 7.3%
2003 2.29% 12.5%
2002 2.72% 27.3%
2001 5.35% 27.3%
2000 3.98% 25%
1999 5.94% 29.1%
1998 9.23% 29%
1997 5.59% 70.9%

Data sources: International Monetary Fund (IMF) | World Economic Outlook (1997–2025, retrieved 2026-07-08); World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

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

Over the past 29 years, the Philippines has recorded an average annual inflation rate of 4.16%, compared with 16.3% in Uzbekistan. In 2025, inflation was 1.66% in the Philippines and 8.8% in Uzbekistan.

Top exports between countries

Philippines
Export category Export value
Raw agricultural goods $589K
Machinery & equipment $321K
Textiles & consumer goods $103K
Processed food, beverages & tobacco $93K
Raw materials & minerals $26K
Metals $19K
Chemicals & pharma $3K
Wood & paper products $3K
Animal & marine products $1K
Uzbekistan
Export category Export value
Manufacturing & construction services $30.9M
Raw materials & minerals $972K
Textiles & consumer goods $40K
Chemicals & pharma $23K
Metals $7K
Machinery & equipment $4K
Animal & marine products $1K
Wood & paper products $1K

Balance of trade

Philippines Uzbekistan
Current account balance
-$16.3B
2025
-$5.78B
2025
Current account balance ranking
181/190
2025
167/190
2025
Current account balance, % of GDP
-3.34%
2025
-3.93%
2025
Goods imports
$130B
2025
$38.5B
2025
Goods exports
$63.4B
2025
$23B
2025
Service imports
$38.2B
2025
$13.6B
2025
Service exports
$51.5B
2025
$9.27B
2025
Imports of goods and services, % of GDP
40.2%
2025
35.4%
2025
Exports of goods and services, % of GDP
26.6%
2025
22%
2025

Economic freedom indices

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

Philippines Uzbekistan
Economic freedom 62.9 60.3
Economic freedom ranking 85/197 94/197
Property rights 45.8 43.1
Government integrity 35.4 32
Judicial effectiveness 41.8 13.7
Tax burden 78.3 95
Government spending 81 73.7
Fiscal health 60.5 79.9
Business freedom 69.2 62.5
Labor freedom 57.8 48.4
Monetary freedom 72.1 65.1
Trade freedom 83 80.6
Investment freedom 70 70
Financial freedom 60 60

Economic freedom comparison by year

Philippines
Uzbekistan
1x
Year Economic freedom index
Philippines Uzbekistan
2026 62.9 60.3
2025 60.6 58
2024 59 55.9
2023 59.3 56.5
2022 61.1 55.7
2021 64.1 58.3
2020 64.5 57.2
2019 63.8 53.3
2018 65 51.5
2017 65.6 52.3
2016 63.1 46
2015 62.2 47
2014 60.1 46.5
2013 58.2 46
2012 57.1 45.8
2011 56.2 45.8
2010 56.3 47.5
2009 56.8 50.5
2008 56 51.9
2007 56 51.5
2006 56.3 48.7
2005 54.7 45.8
2004 59.1 39.1
2003 61.3 38.3
2002 60.7 38.5
2001 60.9 38.2
2000 62.5 38.1
1999 61.9 33.8
1998 62.8 31.5
1997 62.2 -
1996 60.2 -
1995 55 -

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

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

The Economic Freedom Index for the Philippines is 62.9, ranking 85/197, compared to 60.3 for Uzbekistan, ranking 94/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Philippines Uzbekistan
Services, % of GDP
64.4%
2025
46.5%
2025
Industry, % of GDP
27%
2025
32.5%
2025
Agriculture, forestry, and fishing, % of GDP
8.59%
2025
16.6%
2025
GNI, Atlas method
$567B
2025
$136B
2025
GNI per capita, PPP
$14,460
2025
$13,640
2025
Total reserves including gold
$111B
2025
$41.2B
2024
Total reserves ranking
28/177
2025
53/177
2024
Net foreign direct investment
-$6.19B
2025
-$4.24B
2025
Net inflows of foreign direct investment
$9.4B
2024
$2.97B
2024
Net outflows of foreign direct investment
$2.7B
2024
$36.7M
2024
Servicing debt to the IMF, % of GNI
3.45%
2024
9.37%
2024
Poverty at national poverty lines
15.5%
2023
5.8%
2025
Gross capital formation, % of GDP
22.1%
2025
33.3%
2025

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/uzbekistan | CC BY

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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 (2016–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, 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.