Debt service on external debt, public and publicly guaranteed (PPG) in Philippines
Philippines: Debt service on external debt, public and publicly guaranteed (PPG) was 57.76 % change on previous year in 2024. ◆ Volatile
Debt service on external debt, public and publicly guaranteed (PPG) in Philippines, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, debt service on external debt, public and publicly guaranteed (ppg) in Philippines stood at 57.76 % change on previous year.
Compared with earlier readings it is up 406.6% on the previous year and up 1,128.2% over ten years.
Over the whole period, debt service on external debt, public and publicly guaranteed (ppg) in Philippines peaked at 94.56 % change on previous year in 1978 and was at its lowest, -40.12 % change on previous year, in 2007.
That places Philippines 18th out of 122 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, public and publicly guaranteed (PPG) in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | -3.8 % change on previous year | — |
| 1972 | 43.33 % change on previous year | -1239.2% |
| 1973 | 71.38 % change on previous year | +64.7% |
| 1974 | -16.68 % change on previous year | -123.4% |
| 1975 | 18.62 % change on previous year | -211.6% |
| 1976 | 8.46 % change on previous year | -54.6% |
| 1977 | 24.15 % change on previous year | +185.6% |
| 1978 | 94.56 % change on previous year | +291.5% |
| 1979 | 26.67 % change on previous year | -71.8% |
| 1980 | -23.92 % change on previous year | -189.7% |
| 1981 | 45.17 % change on previous year | -288.8% |
| 1982 | 20.3 % change on previous year | -55.1% |
| 1983 | 15.28 % change on previous year | -24.8% |
| 1984 | -3.99 % change on previous year | -126.1% |
| 1985 | 7.26 % change on previous year | -282.0% |
| 1986 | 50.91 % change on previous year | +600.8% |
| 1987 | 25.15 % change on previous year | -50.6% |
| 1988 | 10.13 % change on previous year | -59.7% |
| 1989 | -13.58 % change on previous year | -234.0% |
| 1990 | 30.34 % change on previous year | -323.5% |
| 1991 | -4.78 % change on previous year | -115.8% |
| 1992 | 37.44 % change on previous year | -883.1% |
| 1993 | 12.24 % change on previous year | -67.3% |
| 1994 | -14.58 % change on previous year | -219.2% |
| 1995 | 18.15 % change on previous year | -224.5% |
| 1996 | -5.93 % change on previous year | -132.7% |
| 1997 | -18.79 % change on previous year | +216.6% |
| 1998 | 9.82 % change on previous year | -152.2% |
| 1999 | 18.27 % change on previous year | +86.1% |
| 2000 | 3.2 % change on previous year | -82.5% |
| 2001 | 24.44 % change on previous year | +662.9% |
| 2002 | 0.9804 % change on previous year | -96.0% |
| 2003 | 2.1 % change on previous year | +114.3% |
| 2004 | 21.37 % change on previous year | +917.1% |
| 2005 | -15.84 % change on previous year | -174.1% |
| 2006 | 47.12 % change on previous year | -397.6% |
| 2007 | -40.12 % change on previous year | -185.1% |
| 2008 | 27.19 % change on previous year | -167.8% |
| 2009 | 3.48 % change on previous year | -87.2% |
| 2010 | 46.53 % change on previous year | +1236.5% |
| 2011 | -20.95 % change on previous year | -145.0% |
| 2012 | -29.22 % change on previous year | +39.4% |
| 2013 | -0.3629 % change on previous year | -98.8% |
| 2014 | -5.62 % change on previous year | +1448.0% |
| 2015 | 8.4 % change on previous year | -249.6% |
| 2016 | 16.59 % change on previous year | +97.4% |
| 2017 | -19.13 % change on previous year | -215.3% |
| 2018 | -11.07 % change on previous year | -42.1% |
| 2019 | 39.41 % change on previous year | -456.0% |
| 2020 | -13.42 % change on previous year | -134.0% |
| 2021 | 37.26 % change on previous year | -377.7% |
| 2022 | -29.05 % change on previous year | -178.0% |
| 2023 | 11.4 % change on previous year | -139.2% |
| 2024 | 57.76 % change on previous year | +406.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.63 % change on previous year | -16.68 % change on previous year | 94.56 % change on previous year | 9 |
| 1980s | 13.27 % change on previous year | -23.92 % change on previous year | 50.91 % change on previous year | 10 |
| 1990s | 8.22 % change on previous year | -18.79 % change on previous year | 37.44 % change on previous year | 10 |
| 2000s | 7.39 % change on previous year | -40.12 % change on previous year | 47.12 % change on previous year | 10 |
| 2010s | 2.46 % change on previous year | -29.22 % change on previous year | 46.53 % change on previous year | 10 |
| 2020s | 12.79 % change on previous year | -29.05 % change on previous year | 57.76 % change on previous year | 5 |
Countries ranked near Philippines
- 15 Ghana 63.73 % change on previous year compare
- 16 El Salvador 60.57 % change on previous year compare
- 17 Egypt 59.65 % change on previous year compare
- 19 Guinea 56.9 % change on previous year compare
- 20 Kenya 55.38 % change on previous year compare
- 21 Comoros 54.92 % change on previous year compare
More external debt data for Philippines
- IFC, private nonguaranteed 332.92 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 2.87 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 333.31 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.9% (2024)
- Net financial flows, IDA -2.33 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.0201 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 2.25 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
Frequently asked questions
- What is debt service on external debt, public and publicly guaranteed (ppg) in Philippines?
- Debt service on external debt, public and publicly guaranteed (ppg) in Philippines was 57.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, public and publicly guaranteed (ppg) recorded in Philippines?
- The highest recorded value was 94.56 % change on previous year in 1978.
- What is the lowest debt service on external debt, public and publicly guaranteed (ppg) recorded in Philippines?
- The lowest recorded value was -40.12 % change on previous year in 2007.
- How does Philippines rank for debt service on external debt, public and publicly guaranteed (ppg)?
- Philippines ranks 18th out of 122 countries with data for 2024.
- Is debt service on external debt, public and publicly guaranteed (ppg) rising or falling in Philippines?
- Over the last ten years it is up 1,128.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Statizoid (derived), published as part of Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Debt service on external debt, public and publicly guaranteed (PPG) International Debt Statistics, World Bank (WB)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.