Philippines recorded a Government Debt to GDP of 40.50 percent of the country's Gross Domestic Product in 2011. Historically, from 1990 until 2011, Philippines Government Debt To GDP averaged 57.0200 Percent reaching an all time high of 74.9000 Percent in December of 1993 and a record low of 40.5000 Percent in December of 2011.
Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields.