🇵🇭 Philippines vs 🇯🇵 Japan

Live side-by-side comparison of government debt. Japan currently owes about 29.1× as much as the Philippines — a gap of $8.45 trillion. Updated every second from each country's baseline figure; sources below.

Among the 135 governments tracked here, the Philippines ranks 60th by debt-to-GDP and Japan 1st. Measured per person, the Philippines is 95th and Japan 3rd.

Analysis

By total government debt, the Philippines ranks 36th and Japan 3rd among the 135 sovereigns tracked on this site.

On a per-citizen basis the picture can look different from the nominal totals: a resident's notional share of the government debt in Japan is roughly 27.3× that in the Philippines ($71,304 vs $2,613 per person).

The debt-to-GDP picture is asymmetric here: Japan sits at 205% of GDP, well above the Philippines' 59%, meaning Japan owes far more relative to the size of its own economy — even where the nominal, dollar-for-dollar comparison above suggests otherwise.

The gap between them is narrowing: the Philippines' debt is growing faster in dollar terms ($498/sec vs −$15K/sec for Japan), closing the difference by roughly $1,308,614,400 per day. At that pace — and holding both growth rates constant, a simplification, since real-world rates shift with fiscal policy — the two would reach a similar total in roughly 18 years.

Scale is part of the story too: Japan's population (123M) is about 1.1× the Philippines' (115M), which is part of why the nominal and per-capita comparisons above can point in different directions — a government's debt load scales loosely with the size of both its economy and its population, not either alone.

The Philippines and Japan are both grouped under this site's “Asia-Pacific” region, so this is, in effect, an intra-regional comparison as well.

This analysis is generated automatically from live data as an educational orientation, not financial advice — see the methodology page for definitions and caveats.

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