External debt — all countries

External debt — Philippines

External debt in the Philippines in 2024 — 137,018,240,525 US$. Ranked 105 in the world out of 118. Since 1970, the indicator has risen by 6,139.4%.

2024 137B US$ +10.08% vs 2023
World rank 105of 118
Period maximum 137B US$2024
Period minimum 2.2B US$1970

Trend over time

1970–2024 · US$

External debt — Philippines, 1970–2024050B100B150B19701976198219881994200020062012201820241970: 2,196,027,769 US$1971: 2,419,452,685 US$1972: 2,671,171,407 US$1973: 2,761,258,308 US$1974: 3,305,257,925 US$1975: 4,170,679,936 US$1976: 6,039,460,845 US$1977: 8,183,427,508 US$1978: 10,772,164,769 US$1979: 13,281,603,751 US$1980: 17,417,202,375 US$1981: 20,785,921,054 US$1982: 24,412,638,706 US$1983: 24,211,103,887 US$1984: 24,356,701,585 US$1985: 26,637,306,936 US$1986: 28,204,156,851 US$1987: 29,784,762,859 US$1988: 28,932,152,203 US$1989: 28,652,845,075 US$1990: 30,579,850,827 US$1991: 32,493,338,656 US$1992: 33,219,038,810 US$1993: 36,142,381,235 US$1994: 40,249,396,304 US$1995: 39,371,063,205 US$1996: 43,993,253,268 US$1997: 50,698,365,609 US$1998: 53,589,505,356 US$1999: 58,466,255,808 US$2000: 58,441,426,798 US$2001: 58,387,972,865 US$2002: 60,049,127,095 US$2003: 62,736,143,450 US$2004: 61,123,614,179 US$2005: 58,669,013,598 US$2006: 57,585,168,049 US$2007: 59,163,973,066 US$2008: 58,255,598,052 US$2009: 55,969,980,626 US$2010: 65,343,964,857 US$2011: 65,767,801,995 US$2012: 68,065,636,191 US$2013: 76,726,107,579 US$2014: 78,697,459,573 US$2015: 79,698,419,388 US$2016: 75,276,875,924 US$2017: 73,598,354,220 US$2018: 79,219,780,498 US$2019: 84,368,372,552 US$2020: 98,504,239,511 US$2021: 106,639,207,268 US$2022: 110,775,513,065 US$2023: 124,472,460,163 US$2024: 137,018,240,525 US$
Change over the period: +135B (+6,139.37%) Average annual rate: 7.96 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Philippines

Philippines 137B US$
South-Eastern Asia computed 933B US$
Lower-middle-income countries computed 2.61T US$
External debt — Philippines, by year Philippines All countries CSV XLSX
Year US$ Change Change, %
2024 137B +12.55B +10.08%
2023 124B +13.7B +12.36%
2022 111B +4.14B +3.88%
2021 107B +8.13B +8.26%
2020 98.5B +14.14B +16.75%
2019 84.37B +5.15B +6.5%
2018 79.22B +5.62B +7.64%
2017 73.6B −1.68B −2.23%
2016 75.28B −4.42B −5.55%
2015 79.7B +1B +1.27%
2014 78.7B +1.97B +2.57%
2013 76.73B +8.66B +12.72%
2012 68.07B +2.3B +3.49%
2011 65.77B +424M +0.65%
2010 65.34B +9.37B +16.75%
2009 55.97B −2.29B −3.92%
2008 58.26B −908M −1.54%
2007 59.16B +1.58B +2.74%
2006 57.59B −1.08B −1.85%
2005 58.67B −2.45B −4.02%
2004 61.12B −1.61B −2.57%
2003 62.74B +2.69B +4.47%
2002 60.05B +1.66B +2.85%
2001 58.39B −53.45M −0.09%
2000 58.44B −24.83M −0.04%
1999 58.47B +4.88B +9.1%
1998 53.59B +2.89B +5.7%
1997 50.7B +6.71B +15.24%
1996 43.99B +4.62B +11.74%
1995 39.37B −878M −2.18%
1994 40.25B +4.11B +11.36%
1993 36.14B +2.92B +8.8%
1992 33.22B +726M +2.23%
1991 32.49B +1.91B +6.26%
1990 30.58B +1.93B +6.73%
1989 28.65B −279M −0.97%
1988 28.93B −853M −2.86%
1987 29.78B +1.58B +5.6%
1986 28.2B +1.57B +5.88%
1985 26.64B +2.28B +9.36%
1984 24.36B +146M +0.6%
1983 24.21B −202M −0.83%
1982 24.41B +3.63B +17.45%
1981 20.79B +3.37B +19.34%
1980 17.42B +4.14B +31.14%
1979 13.28B +2.51B +23.3%
1978 10.77B +2.59B +31.63%
1977 8.18B +2.14B +35.5%
1976 6.04B +1.87B +44.81%
1975 4.17B +865M +26.18%
1974 3.31B +544M +19.7%
1973 2.76B +90.09M +3.37%
1972 2.67B +252M +10.4%
1971 2.42B +223M +10.17%
1970 2.2B

South-Eastern Asia, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

Source: World Development Indicators (World Bank), license CC BY 4.0.