Philippines vs Sub-Saharan Africa (excluding high income): Net flows on external debt, private nonguaranteed (PNG)

Philippines
1.14 billion NFL, current US$
in 2024
Sub-Saharan Africa (excluding high income)
-963.88 million NFL, current US$
in 2024
Philippines rank
10th
Sub-Saharan Africa (excluding high income) rank
8th

Net flows on external debt, private nonguaranteed (PNG) over time

  • Philippines
  • Sub-Saharan Africa (excluding high income)
-5.0B05.0B10.0B15.0B20.0B197019972024

How they compare

Philippines currently reports 1.14 billion NFL, current US$ against -963.88 million NFL, current US$ in Sub-Saharan Africa (excluding high income), a difference of 2.10 billion NFL, current US$.

That makes Philippines's figure about 1.2 times Sub-Saharan Africa (excluding high income)'s.

The two have swapped places 14 times across 55 shared years of data; in 1970 it was Philippines ahead.

Philippines ranks 10th and Sub-Saharan Africa (excluding high income) ranks 8th of 94 countries.

Across the 6 decades both report, Philippines averaged higher in 2 and Sub-Saharan Africa (excluding high income) in 4.

Head to head by decade

Decade Philippines Sub-Saharan Africa (excluding high income) Difference Ahead
1970s 102.16 million NFL, current US$ 156.03 million NFL, current US$ 53.87 million NFL, current US$ Sub-Saharan Africa (excluding high income)
1980s 16.86 million NFL, current US$ 182.66 million NFL, current US$ 165.81 million NFL, current US$ Sub-Saharan Africa (excluding high income)
1990s 676.09 million NFL, current US$ -595.03 million NFL, current US$ 1.27 billion NFL, current US$ Philippines
2000s -924.99 million NFL, current US$ 3.30 billion NFL, current US$ 4.22 billion NFL, current US$ Sub-Saharan Africa (excluding high income)
2010s 1.77 billion NFL, current US$ 11.41 billion NFL, current US$ 9.63 billion NFL, current US$ Sub-Saharan Africa (excluding high income)
2020s 1.46 billion NFL, current US$ 1.01 billion NFL, current US$ 445.18 million NFL, current US$ Philippines

Averages of every year both report within each decade.

Frequently asked questions

Which has higher net flows on external debt, private nonguaranteed (png), Philippines or Sub-Saharan Africa (excluding high income)?
Philippines, at 1.14 billion NFL, current US$ against -963.88 million NFL, current US$ in Sub-Saharan Africa (excluding high income) as of 2024.
What is the difference in net flows on external debt, private nonguaranteed (png) between Philippines and Sub-Saharan Africa (excluding high income)?
2.10 billion NFL, current US$, with Philippines ahead.
How many years of comparable data are there for Philippines and Sub-Saharan Africa (excluding high income)?
55 years are reported by both, from 1970 to 2024.
How do Philippines and Sub-Saharan Africa (excluding high income) rank globally for net flows on external debt, private nonguaranteed (png)?
Philippines ranks 10th and Sub-Saharan Africa (excluding high income) ranks 8th of 94 countries.
Where does this data come from?
International Debt Statistics, World Bank (WB), published as Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Individual pages

Share, cite or embed this page

Cite this page

Philippines vs Sub-Saharan Africa (excluding high income): Net flows on external debt, private nonguaranteed (PNG). Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 12 September 2026, from https://debt.statizoid.com/compare/net-flows-on-external-debt-private-nonguaranteed-png-nfl-current-us/philippines/sub-saharan-africa-excluding-high-income/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://debt.statizoid.com/compare/net-flows-on-external-debt-private-nonguaranteed-png-nfl-current-us/philippines/sub-saharan-africa-excluding-high-income/">Philippines vs Sub-Saharan Africa (excluding high income): Net flows on external debt, private nonguaranteed (PNG)</a> — Statizoid

About this data

Indicator
Net flows on external debt, private nonguaranteed (PNG) (NFL, current US$)
Unit
NFL, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
106 places, 3,652 data points, 1970–2024
Last refreshed

Private nonguaranteed external debt is an external obligation of a private debtor that is not guaranteed for repayment by a public entity. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Long-term external debt is defined as debt that has an original or extended maturity of more than one year and that is owed to nonresidents by residents of an economy and repayable in currency, goods, or services. Data are in current U.S. dollars.