Multilateral debt service in Philippines
Philippines: Multilateral debt service was 33.2% in 2024. ▬ Flat
Multilateral debt service in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
Philippines recorded 33.2% for multilateral debt service in 2024.
That represents a change of down 18.2% on the previous year and up 137.5% over ten years.
Over the whole period, multilateral debt service in Philippines peaked at 40.6% in 2023 and was at its lowest, 8.9%, in 2010.
That places Philippines 70th out of 123 countries with data for 2024, putting it in the middle of the range.
Multilateral debt service in Philippines, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1970 | 12.0% | — |
| 1971 | 20.0% | +66.8% |
| 1972 | 10.6% | -46.8% |
| 1973 | 9.2% | -13.0% |
| 1974 | 13.1% | +42.1% |
| 1975 | 13.2% | +0.6% |
| 1976 | 17.5% | +32.7% |
| 1977 | 18.8% | +7.3% |
| 1978 | 14.4% | -23.5% |
| 1979 | 15.2% | +5.7% |
| 1980 | 24.3% | +59.5% |
| 1981 | 19.9% | -17.9% |
| 1982 | 22.9% | +15.2% |
| 1983 | 22.7% | -1.0% |
| 1984 | 30.6% | +34.6% |
| 1985 | 31.9% | +4.1% |
| 1986 | 28.5% | -10.6% |
| 1987 | 27.7% | -2.7% |
| 1988 | 28.6% | +3.1% |
| 1989 | 32.1% | +12.3% |
| 1990 | 28.7% | -10.5% |
| 1991 | 32.2% | +12.1% |
| 1992 | 24.6% | -23.5% |
| 1993 | 23.4% | -4.9% |
| 1994 | 29.8% | +27.4% |
| 1995 | 29.2% | -2.1% |
| 1996 | 28.3% | -3.0% |
| 1997 | 32.7% | +15.3% |
| 1998 | 28.0% | -14.2% |
| 1999 | 24.4% | -13.0% |
| 2000 | 22.2% | -9.0% |
| 2001 | 16.2% | -26.9% |
| 2002 | 16.3% | +0.6% |
| 2003 | 15.8% | -3.4% |
| 2004 | 12.7% | -19.6% |
| 2005 | 15.7% | +23.6% |
| 2006 | 12.6% | -19.5% |
| 2007 | 18.9% | +49.7% |
| 2008 | 19.9% | +5.2% |
| 2009 | 13.5% | -32.2% |
| 2010 | 8.9% | -34.2% |
| 2011 | 10.5% | +18.4% |
| 2012 | 14.3% | +36.7% |
| 2013 | 27.0% | +88.6% |
| 2014 | 14.0% | -48.3% |
| 2015 | 13.7% | -1.8% |
| 2016 | 12.0% | -12.8% |
| 2017 | 16.6% | +38.8% |
| 2018 | 20.5% | +23.4% |
| 2019 | 16.2% | -20.8% |
| 2020 | 17.9% | +10.5% |
| 2021 | 12.1% | -32.7% |
| 2022 | 22.6% | +87.3% |
| 2023 | 40.6% | +79.7% |
| 2024 | 33.2% | -18.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.4% | 9.2% | 20.0% | 10 |
| 1980s | 26.9% | 19.9% | 32.1% | 10 |
| 1990s | 28.1% | 23.4% | 32.7% | 10 |
| 2000s | 16.4% | 12.6% | 22.2% | 10 |
| 2010s | 15.4% | 8.9% | 27.0% | 10 |
| 2020s | 25.3% | 12.1% | 40.6% | 5 |
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 multilateral debt service in Philippines?
- Multilateral debt service in Philippines was 33.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Philippines?
- The highest recorded value was 40.6% in 2023.
- What is the lowest multilateral debt service recorded in Philippines?
- The lowest recorded value was 8.9% in 2010.
- How does Philippines rank for multilateral debt service?
- Philippines ranks 70th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Philippines?
- Over the last ten years it is up 137.5%. The long-run trend across the full record is flat.
- Where does this Philippines data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.