External debt stocks, public and publicly guaranteed (PPG) in Philippines
Philippines: External debt stocks, public and publicly guaranteed (PPG) was 80.51 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
80.51 billion DOD, current US$
Change on year
up 10.4%
World rank
14th
of 123 countries
All-time high
80.51 billion DOD, current US$
in 2024
All-time low
624.98 million DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, public and publicly guaranteed (PPG) in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Philippines recorded 80.51 billion DOD, current US$ for external debt stocks, public and publicly guaranteed (ppg) in 2024. That is the highest value across all 55 years on record.
That represents a change of up 10.4% on the previous year and up 106.7% over ten years.
Over the whole period, external debt stocks, public and publicly guaranteed (ppg) in Philippines peaked at 80.51 billion DOD, current US$ in 2024 and was at its lowest, 624.98 million DOD, current US$, in 1970.
Philippines ranks 14th of 123 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, public and publicly guaranteed (PPG) in Philippines, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 624.98 million DOD, current US$ | — |
| 1971 | 700.33 million DOD, current US$ | +12.1% |
| 1972 | 875.56 million DOD, current US$ | +25.0% |
| 1973 | 895.17 million DOD, current US$ | +2.2% |
| 1974 | 1.13 billion DOD, current US$ | +26.5% |
| 1975 | 1.46 billion DOD, current US$ | +28.9% |
| 1976 | 2.22 billion DOD, current US$ | +52.1% |
| 1977 | 3.02 billion DOD, current US$ | +36.2% |
| 1978 | 4.16 billion DOD, current US$ | +37.6% |
| 1979 | 5.08 billion DOD, current US$ | +22.1% |
| 1980 | 6.36 billion DOD, current US$ | +25.2% |
| 1981 | 7.47 billion DOD, current US$ | +17.4% |
| 1982 | 8.86 billion DOD, current US$ | +18.6% |
| 1983 | 10.57 billion DOD, current US$ | +19.3% |
| 1984 | 11.30 billion DOD, current US$ | +6.9% |
| 1985 | 13.71 billion DOD, current US$ | +21.3% |
| 1986 | 19.26 billion DOD, current US$ | +40.5% |
| 1987 | 22.89 billion DOD, current US$ | +18.9% |
| 1988 | 22.36 billion DOD, current US$ | -2.3% |
| 1989 | 22.33 billion DOD, current US$ | -0.1% |
| 1990 | 24.04 billion DOD, current US$ | +7.6% |
| 1991 | 25.10 billion DOD, current US$ | +4.4% |
| 1992 | 25.83 billion DOD, current US$ | +2.9% |
| 1993 | 27.69 billion DOD, current US$ | +7.2% |
| 1994 | 29.91 billion DOD, current US$ | +8.0% |
| 1995 | 28.52 billion DOD, current US$ | -4.6% |
| 1996 | 27.06 billion DOD, current US$ | -5.1% |
| 1997 | 26.39 billion DOD, current US$ | -2.5% |
| 1998 | 29.15 billion DOD, current US$ | +10.5% |
| 1999 | 34.76 billion DOD, current US$ | +19.2% |
| 2000 | 33.73 billion DOD, current US$ | -3.0% |
| 2001 | 29.20 billion DOD, current US$ | -13.4% |
| 2002 | 32.30 billion DOD, current US$ | +10.6% |
| 2003 | 36.12 billion DOD, current US$ | +11.8% |
| 2004 | 35.96 billion DOD, current US$ | -0.5% |
| 2005 | 35.34 billion DOD, current US$ | -1.7% |
| 2006 | 36.96 billion DOD, current US$ | +4.6% |
| 2007 | 38.13 billion DOD, current US$ | +3.1% |
| 2008 | 39.24 billion DOD, current US$ | +2.9% |
| 2009 | 42.18 billion DOD, current US$ | +7.5% |
| 2010 | 45.08 billion DOD, current US$ | +6.9% |
| 2011 | 44.62 billion DOD, current US$ | -1.0% |
| 2012 | 43.03 billion DOD, current US$ | -3.5% |
| 2013 | 38.58 billion DOD, current US$ | -10.4% |
| 2014 | 38.94 billion DOD, current US$ | +0.9% |
| 2015 | 38.86 billion DOD, current US$ | -0.2% |
| 2016 | 35.85 billion DOD, current US$ | -7.7% |
| 2017 | 36.54 billion DOD, current US$ | +1.9% |
| 2018 | 38.38 billion DOD, current US$ | +5.0% |
| 2019 | 41.77 billion DOD, current US$ | +8.8% |
| 2020 | 56.51 billion DOD, current US$ | +35.3% |
| 2021 | 59.70 billion DOD, current US$ | +5.6% |
| 2022 | 62.62 billion DOD, current US$ | +4.9% |
| 2023 | 72.91 billion DOD, current US$ | +16.4% |
| 2024 | 80.51 billion DOD, current US$ | +10.4% |
Philippines compared with similar countries
- Philippines's 80.51 billion DOD, current US$ is above the median for upper middle income countries, which is 9.67 billion DOD, current US$, 8.3× the median. (52 countries reporting)
- Philippines's 80.51 billion DOD, current US$ is above the median for East Asia & Pacific, which is 9.55 billion DOD, current US$, 8.4× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.02 billion DOD, current US$ | 624.98 million DOD, current US$ | 5.08 billion DOD, current US$ | 10 |
| 1980s | 14.51 billion DOD, current US$ | 6.36 billion DOD, current US$ | 22.89 billion DOD, current US$ | 10 |
| 1990s | 27.84 billion DOD, current US$ | 24.04 billion DOD, current US$ | 34.76 billion DOD, current US$ | 10 |
| 2000s | 35.92 billion DOD, current US$ | 29.20 billion DOD, current US$ | 42.18 billion DOD, current US$ | 10 |
| 2010s | 40.16 billion DOD, current US$ | 35.85 billion DOD, current US$ | 45.08 billion DOD, current US$ | 10 |
| 2020s | 66.45 billion DOD, current US$ | 56.51 billion DOD, current US$ | 80.51 billion DOD, current US$ | 5 |
Countries ranked near Philippines
- 11 Ukraine 105.18 billion DOD, current US$ compare
- 12 South Africa 97.81 billion DOD, current US$ compare
- 13 Pakistan 89.56 billion DOD, current US$ compare
- 15 Bangladesh 77.58 billion DOD, current US$ compare
- 16 Nigeria 50.19 billion DOD, current US$ compare
- 17 Peru 47.36 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, public and publicly guaranteed (ppg) in Philippines?
- External debt stocks, public and publicly guaranteed (ppg) in Philippines was 80.51 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, public and publicly guaranteed (ppg) recorded in Philippines?
- The highest recorded value was 80.51 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, public and publicly guaranteed (ppg) recorded in Philippines?
- The lowest recorded value was 624.98 million DOD, current US$ in 1970.
- How does Philippines rank for external debt stocks, public and publicly guaranteed (ppg)?
- Philippines ranks 14th out of 123 countries with data for 2024.
- Is external debt stocks, public and publicly guaranteed (ppg) rising or falling in Philippines?
- Over the last ten years it is up 106.7%. 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, public and publicly guaranteed (PPG) (DOD, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Public and publicly guaranteed debt comprises long-term external obligations of public debtors, including the national government, Public Corporations, State Owned Enterprises, Development Banks and Other Mixed Enterprises, political subdivisions (or an agency of either), autonomous public bodies, and external obligations of private debtors that are guaranteed for repayment by a public entity. Data are in current U.S. dollars.