Philippines vs Sub-Saharan Africa (excluding high income): Net financial flows, bilateral

Philippines
461.73 million NFL, current US$
in 2024
Sub-Saharan Africa (excluding high income)
-170.66 million NFL, current US$
in 2024
Philippines rank
11th
Sub-Saharan Africa (excluding high income) rank
9th

Net financial flows, bilateral over time

  • Philippines
  • Sub-Saharan Africa (excluding high income)
-5.0B05.0B10.0B197019972024

How they compare

Philippines currently reports 461.73 million NFL, current US$ against -170.66 million NFL, current US$ in Sub-Saharan Africa (excluding high income), a difference of 632.39 million NFL, current US$.

That makes Philippines's figure about 2.7 times Sub-Saharan Africa (excluding high income)'s.

The two have swapped places 5 times across 55 shared years of data; in 1970 it was Sub-Saharan Africa (excluding high income) ahead.

Philippines ranks 11th and Sub-Saharan Africa (excluding high income) ranks 9th of 122 countries.

Across the 6 decades both report, Philippines averaged higher in 1 and Sub-Saharan Africa (excluding high income) in 5.

Head to head by decade

Decade Philippines Sub-Saharan Africa (excluding high income) Difference Ahead
1970s 95.29 million NFL, current US$ 1.10 billion NFL, current US$ 1.01 billion NFL, current US$ Sub-Saharan Africa (excluding high income)
1980s 313.86 million NFL, current US$ 2.59 billion NFL, current US$ 2.27 billion NFL, current US$ Sub-Saharan Africa (excluding high income)
1990s 186.12 million NFL, current US$ 522.68 million NFL, current US$ 336.55 million NFL, current US$ Sub-Saharan Africa (excluding high income)
2000s -207.13 million NFL, current US$ -1.03 billion NFL, current US$ 826.51 million NFL, current US$ Philippines
2010s -389.52 million NFL, current US$ 7.16 billion NFL, current US$ 7.55 billion NFL, current US$ Sub-Saharan Africa (excluding high income)
2020s 892.74 million NFL, current US$ 1.82 billion NFL, current US$ 923.48 million NFL, current US$ Sub-Saharan Africa (excluding high income)

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net financial flows, bilateral, Philippines or Sub-Saharan Africa (excluding high income)?
Philippines, at 461.73 million NFL, current US$ against -170.66 million NFL, current US$ in Sub-Saharan Africa (excluding high income) as of 2024.
What is the difference in net financial flows, bilateral between Philippines and Sub-Saharan Africa (excluding high income)?
632.39 million NFL, current US$, with Philippines ahead.
How many years of comparable data are there for Philippines and Sub-Saharan Africa (excluding high income)?
55 years are reported by both, from 1970 to 2024.
How do Philippines and Sub-Saharan Africa (excluding high income) rank globally for net financial flows, bilateral?
Philippines ranks 11th and Sub-Saharan Africa (excluding high income) ranks 9th of 122 countries.
Where does this data come from?
International Debt Statistics, World Bank (WB), published as Net financial flows, bilateral (NFL, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Philippines vs Sub-Saharan Africa (excluding high income): Net financial flows, bilateral. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 30 August 2026, from https://debt.statizoid.com/compare/net-financial-flows-bilateral-nfl-current-us/philippines/sub-saharan-africa-excluding-high-income/

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About this data

Indicator
Net financial flows, bilateral (NFL, current US$)
Unit
NFL, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
134 places, 6,321 data points, 1970–2024
Last refreshed

Bilateral debt includes loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.