Liabilities, Liabilities to Central Government (OFCS) in Philippines
Philippines: Liabilities, Liabilities to Central Government (OFCS) was 19.96 billion in 2025. ▼ Falling
Liabilities, Liabilities to Central Government (OFCS) in Philippines, 2017–2025
Source: International Monetary Fund.
Analysis
Philippines recorded 19.96 billion for liabilities, liabilities to central government (ofcs) in 2025.
That represents a change of up 79.7% on the previous year and down 7.9% over ten years.
Over the whole period, liabilities, liabilities to central government (ofcs) in Philippines peaked at 32.88 billion in 2018 and was at its lowest, 5.64 billion, in 2021.
Philippines ranks 14th of 65 countries on this measure, in the top quarter.
Liabilities, Liabilities to Central Government (OFCS) in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2017 | 21.68 billion | — |
| 2018 | 32.88 billion | +51.7% |
| 2019 | 24.03 billion | -26.9% |
| 2020 | 11.22 billion | -53.3% |
| 2021 | 5.64 billion | -49.8% |
| 2022 | 11.79 billion | +109.2% |
| 2023 | 11.33 billion | -3.9% |
| 2024 | 11.11 billion | -2.0% |
| 2025 | 19.96 billion | +79.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 26.20 billion | 21.68 billion | 32.88 billion | 3 |
| 2020s | 11.84 billion | 5.64 billion | 19.96 billion | 6 |
Countries ranked near Philippines
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 liabilities, liabilities to central government (ofcs) in Philippines?
- Liabilities, liabilities to central government (ofcs) in Philippines was 19.96 billion in 2025, according to International Monetary Fund.
- What is the highest liabilities, liabilities to central government (ofcs) recorded in Philippines?
- The highest recorded value was 32.88 billion in 2018.
- What is the lowest liabilities, liabilities to central government (ofcs) recorded in Philippines?
- The lowest recorded value was 5.64 billion in 2021.
- How does Philippines rank for liabilities, liabilities to central government (ofcs)?
- Philippines ranks 14th out of 65 countries with data for 2025.
- Is liabilities, liabilities to central government (ofcs) rising or falling in Philippines?
- Over the last ten years it is down 7.9%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Liabilities, Liabilities to Central Government (OFCS) (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
The Monetary and Financial Statistics (MFS), Other Financial Corporations (OFCs) dataset presents the balance sheet of OFCs highlighting their financial linkages with other economic sectors and nonresidents.