Debt service on external debt, total (TDS, current US$), annual in Philippines
Philippines: Debt service on external debt, total (TDS, current US$), annual was 22.39 % change on previous year in 2024. ◆ Volatile
Debt service on external debt, total (TDS, current US$), annual in Philippines, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, debt service on external debt, total (tds, current us$), annual in Philippines stood at 22.39 % change on previous year.
That represents a change of down 57.9% on the previous year and down 7.5% over ten years.
Over the whole period, debt service on external debt, total (tds, current us$), annual in Philippines peaked at 108.19 % change on previous year in 1978 and was at its lowest, -38.22 % change on previous year, in 2012.
Philippines ranks 36th of 121 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service on external debt, total (TDS, current US$), annual in Philippines, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 11.5 % change on previous year | — |
| 1972 | 8.22 % change on previous year | -28.5% |
| 1973 | 51.56 % change on previous year | +526.9% |
| 1974 | -11.03 % change on previous year | -121.4% |
| 1975 | -8.79 % change on previous year | -20.3% |
| 1976 | 25.04 % change on previous year | -384.8% |
| 1977 | 16.12 % change on previous year | -35.6% |
| 1978 | 108.19 % change on previous year | +571.3% |
| 1979 | 14.66 % change on previous year | -86.4% |
| 1980 | 37.81 % change on previous year | +157.8% |
| 1981 | 36.11 % change on previous year | -4.5% |
| 1982 | 18.27 % change on previous year | -49.4% |
| 1983 | -13.82 % change on previous year | -175.6% |
| 1984 | -10.72 % change on previous year | -22.4% |
| 1985 | -6.25 % change on previous year | -41.7% |
| 1986 | 16.85 % change on previous year | -369.4% |
| 1987 | 14.01 % change on previous year | -16.8% |
| 1988 | 0.8521 % change on previous year | -93.9% |
| 1989 | -4.72 % change on previous year | -653.5% |
| 1990 | 10.65 % change on previous year | -325.8% |
| 1991 | -5.34 % change on previous year | -150.1% |
| 1992 | 26.67 % change on previous year | -599.7% |
| 1993 | 14.29 % change on previous year | -46.4% |
| 1994 | -5.5 % change on previous year | -138.5% |
| 1995 | 15.37 % change on previous year | -379.3% |
| 1996 | 0.1372 % change on previous year | -99.1% |
| 1997 | -15.2 % change on previous year | -11178.4% |
| 1998 | 4.39 % change on previous year | -128.9% |
| 1999 | 24.13 % change on previous year | +449.6% |
| 2000 | 19.73 % change on previous year | -18.2% |
| 2001 | 32.55 % change on previous year | +65.0% |
| 2002 | 8.95 % change on previous year | -72.5% |
| 2003 | -0.0372 % change on previous year | -100.4% |
| 2004 | 12.56 % change on previous year | -33828.4% |
| 2005 | -17.02 % change on previous year | -235.5% |
| 2006 | 38.73 % change on previous year | -327.6% |
| 2007 | -37.22 % change on previous year | -196.1% |
| 2008 | 25.27 % change on previous year | -167.9% |
| 2009 | -13.52 % change on previous year | -153.5% |
| 2010 | 27.5 % change on previous year | -303.4% |
| 2011 | -2.52 % change on previous year | -109.1% |
| 2012 | -38.22 % change on previous year | +1419.5% |
| 2013 | -5.18 % change on previous year | -86.5% |
| 2014 | 24.19 % change on previous year | -567.4% |
| 2015 | 92.64 % change on previous year | +282.9% |
| 2016 | -30.71 % change on previous year | -133.2% |
| 2017 | 11.7 % change on previous year | -138.1% |
| 2018 | -17.95 % change on previous year | -253.4% |
| 2019 | 6.09 % change on previous year | -133.9% |
| 2020 | -6.89 % change on previous year | -213.1% |
| 2021 | 23.54 % change on previous year | -441.6% |
| 2022 | -20.84 % change on previous year | -188.5% |
| 2023 | 53.12 % change on previous year | -354.9% |
| 2024 | 22.39 % change on previous year | -57.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 23.94 % change on previous year | -11.03 % change on previous year | 108.19 % change on previous year | 9 |
| 1980s | 8.84 % change on previous year | -13.82 % change on previous year | 37.81 % change on previous year | 10 |
| 1990s | 6.96 % change on previous year | -15.2 % change on previous year | 26.67 % change on previous year | 10 |
| 2000s | 7 % change on previous year | -37.22 % change on previous year | 38.73 % change on previous year | 10 |
| 2010s | 6.75 % change on previous year | -38.22 % change on previous year | 92.64 % change on previous year | 10 |
| 2020s | 14.26 % change on previous year | -20.84 % change on previous year | 53.12 % change on previous year | 5 |
Countries ranked near Philippines
- 33 El Salvador 25.87 % change on previous year compare
- 34 Cambodia 25.02 % change on previous year compare
- 35 Mexico 22.52 % change on previous year compare
- 37 Burkina Faso 21.51 % change on previous year compare
- 38 Colombia 18.68 % change on previous year compare
- 39 Viet Nam 17.34 % 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, total (tds, current us$), annual in Philippines?
- Debt service on external debt, total (tds, current us$), annual in Philippines was 22.39 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest debt service on external debt, total (tds, current us$), annual recorded in Philippines?
- The highest recorded value was 108.19 % change on previous year in 1978.
- What is the lowest debt service on external debt, total (tds, current us$), annual recorded in Philippines?
- The lowest recorded value was -38.22 % change on previous year in 2012.
- How does Philippines rank for debt service on external debt, total (tds, current us$), annual?
- Philippines ranks 36th out of 121 countries with data for 2024.
- Is debt service on external debt, total (tds, current us$), annual rising or falling in Philippines?
- Over the last ten years it is down 7.5%. 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, total (TDS, current US$), annual growth rate. Statizoid updates them automatically from the source API.
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How this figure is calculated
The year-on-year percentage change in Debt service on external debt, total (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Debt service on external debt, total 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, total (TDS, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.