External debt stocks, long-term in Philippines
Philippines: External debt stocks, long-term was 112.43 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
112.43 billion DOD, current US$
Change on year
up 8.5%
World rank
14th
of 122 countries
All-time high
112.43 billion DOD, current US$
in 2024
All-time low
1.54 billion DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, long-term in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Philippines recorded 112.43 billion DOD, current US$ for external debt stocks, long-term in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 8.5% on the previous year and up 83.6% over ten years.
Over the whole period, external debt stocks, long-term in Philippines peaked at 112.43 billion DOD, current US$ in 2024 and was at its lowest, 1.54 billion DOD, current US$, in 1970.
That places Philippines 14th out of 122 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, long-term in Philippines, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 1.54 billion DOD, current US$ | — |
| 1971 | 1.68 billion DOD, current US$ | +8.8% |
| 1972 | 1.86 billion DOD, current US$ | +10.6% |
| 1973 | 1.94 billion DOD, current US$ | +4.2% |
| 1974 | 2.35 billion DOD, current US$ | +21.1% |
| 1975 | 2.87 billion DOD, current US$ | +22.4% |
| 1976 | 4.03 billion DOD, current US$ | +40.5% |
| 1977 | 5.19 billion DOD, current US$ | +28.7% |
| 1978 | 6.25 billion DOD, current US$ | +20.5% |
| 1979 | 7.15 billion DOD, current US$ | +14.4% |
| 1980 | 8.82 billion DOD, current US$ | +23.2% |
| 1981 | 10.23 billion DOD, current US$ | +16.0% |
| 1982 | 12.09 billion DOD, current US$ | +18.1% |
| 1983 | 13.70 billion DOD, current US$ | +13.3% |
| 1984 | 14.01 billion DOD, current US$ | +2.3% |
| 1985 | 16.31 billion DOD, current US$ | +16.4% |
| 1986 | 21.56 billion DOD, current US$ | +32.2% |
| 1987 | 24.73 billion DOD, current US$ | +14.7% |
| 1988 | 23.97 billion DOD, current US$ | -3.1% |
| 1989 | 23.52 billion DOD, current US$ | -1.9% |
| 1990 | 25.24 billion DOD, current US$ | +7.3% |
| 1991 | 26.46 billion DOD, current US$ | +4.8% |
| 1992 | 26.86 billion DOD, current US$ | +1.5% |
| 1993 | 29.90 billion DOD, current US$ | +11.3% |
| 1994 | 33.47 billion DOD, current US$ | +11.9% |
| 1995 | 33.36 billion DOD, current US$ | -0.3% |
| 1996 | 35.62 billion DOD, current US$ | +6.8% |
| 1997 | 38.05 billion DOD, current US$ | +6.8% |
| 1998 | 46.16 billion DOD, current US$ | +21.3% |
| 1999 | 51.53 billion DOD, current US$ | +11.6% |
| 2000 | 50.76 billion DOD, current US$ | -1.5% |
| 2001 | 50.29 billion DOD, current US$ | -0.9% |
| 2002 | 52.65 billion DOD, current US$ | +4.7% |
| 2003 | 55.19 billion DOD, current US$ | +4.8% |
| 2004 | 55.14 billion DOD, current US$ | -0.1% |
| 2005 | 51.72 billion DOD, current US$ | -6.2% |
| 2006 | 52.40 billion DOD, current US$ | +1.3% |
| 2007 | 51.90 billion DOD, current US$ | -1.0% |
| 2008 | 51.08 billion DOD, current US$ | -1.6% |
| 2009 | 50.65 billion DOD, current US$ | -0.8% |
| 2010 | 53.54 billion DOD, current US$ | +5.7% |
| 2011 | 52.43 billion DOD, current US$ | -2.1% |
| 2012 | 50.33 billion DOD, current US$ | -4.0% |
| 2013 | 58.53 billion DOD, current US$ | +16.3% |
| 2014 | 61.24 billion DOD, current US$ | +4.6% |
| 2015 | 63.44 billion DOD, current US$ | +3.6% |
| 2016 | 59.62 billion DOD, current US$ | -6.0% |
| 2017 | 58.13 billion DOD, current US$ | -2.5% |
| 2018 | 61.99 billion DOD, current US$ | +6.6% |
| 2019 | 66.00 billion DOD, current US$ | +6.5% |
| 2020 | 83.09 billion DOD, current US$ | +25.9% |
| 2021 | 87.64 billion DOD, current US$ | +5.5% |
| 2022 | 90.44 billion DOD, current US$ | +3.2% |
| 2023 | 103.62 billion DOD, current US$ | +14.6% |
| 2024 | 112.43 billion DOD, current US$ | +8.5% |
Philippines compared with similar countries
- Philippines's 112.43 billion DOD, current US$ is above the median for upper middle income countries, which is 12.82 billion DOD, current US$, 8.8× the median. (52 countries reporting)
- Philippines's 112.43 billion DOD, current US$ is above the median for East Asia & Pacific, which is 13.92 billion DOD, current US$, 8.1× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.49 billion DOD, current US$ | 1.54 billion DOD, current US$ | 7.15 billion DOD, current US$ | 10 |
| 1980s | 16.89 billion DOD, current US$ | 8.82 billion DOD, current US$ | 24.73 billion DOD, current US$ | 10 |
| 1990s | 34.67 billion DOD, current US$ | 25.24 billion DOD, current US$ | 51.53 billion DOD, current US$ | 10 |
| 2000s | 52.18 billion DOD, current US$ | 50.29 billion DOD, current US$ | 55.19 billion DOD, current US$ | 10 |
| 2010s | 58.52 billion DOD, current US$ | 50.33 billion DOD, current US$ | 66.00 billion DOD, current US$ | 10 |
| 2020s | 95.44 billion DOD, current US$ | 83.09 billion DOD, current US$ | 112.43 billion DOD, current US$ | 5 |
Countries ranked near Philippines
- 11 Kazakhstan 146.04 billion DOD, current US$ compare
- 12 South Africa 121.43 billion DOD, current US$ compare
- 13 Thailand 117.16 billion DOD, current US$ compare
- 15 Egypt 109.86 billion DOD, current US$ compare
- 16 Pakistan 107.79 billion DOD, current US$ compare
- 17 Vietnam 93.97 billion DOD, current US$ 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 external debt stocks, long-term in Philippines?
- External debt stocks, long-term in Philippines was 112.43 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, long-term recorded in Philippines?
- The highest recorded value was 112.43 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, long-term recorded in Philippines?
- The lowest recorded value was 1.54 billion DOD, current US$ in 1970.
- How does Philippines rank for external debt stocks, long-term?
- Philippines ranks 14th out of 122 countries with data for 2024.
- Is external debt stocks, long-term rising or falling in Philippines?
- Over the last ten years it is up 83.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, long-term (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Long-term debt is debt that has an original or extended maturity of more than one year. It has three components: public, publicly guaranteed, and private nonguaranteed debt. Data are in current U.S. dollars.