Multilateral debt service in Philippines
Philippines: Multilateral debt service was 3.21 billion TDS, current US$ in 2024. ◆ Volatile
Latest (2024)
3.21 billion TDS, current US$
Change on year
up 29.1%
World rank
10th
of 123 countries
All-time high
3.21 billion TDS, current US$
in 2024
All-time low
12.11 million TDS, current US$
in 1970
Years of data
55
1970–2024
Multilateral debt service in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in TDS, current US$.
Analysis
In 2024, multilateral debt service in Philippines stood at 3.21 billion TDS, current US$. That is the highest value across all 55 years on record.
That represents a change of up 29.1% on the previous year and up 346.0% over ten years.
Over the whole period, multilateral debt service in Philippines peaked at 3.21 billion TDS, current US$ in 2024 and was at its lowest, 12.11 million TDS, current US$, in 1970.
Philippines ranks 10th of 123 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Multilateral debt service in Philippines, year by year
| Year | TDS, current US$ | Change |
|---|---|---|
| 1970 | 12.11 million TDS, current US$ | — |
| 1971 | 19.42 million TDS, current US$ | +60.4% |
| 1972 | 14.81 million TDS, current US$ | -23.7% |
| 1973 | 22.09 million TDS, current US$ | +49.1% |
| 1974 | 26.14 million TDS, current US$ | +18.4% |
| 1975 | 31.21 million TDS, current US$ | +19.4% |
| 1976 | 44.90 million TDS, current US$ | +43.9% |
| 1977 | 59.79 million TDS, current US$ | +33.2% |
| 1978 | 89.03 million TDS, current US$ | +48.9% |
| 1979 | 119.20 million TDS, current US$ | +33.9% |
| 1980 | 144.69 million TDS, current US$ | +21.4% |
| 1981 | 172.45 million TDS, current US$ | +19.2% |
| 1982 | 238.94 million TDS, current US$ | +38.6% |
| 1983 | 272.74 million TDS, current US$ | +14.1% |
| 1984 | 352.54 million TDS, current US$ | +29.3% |
| 1985 | 393.81 million TDS, current US$ | +11.7% |
| 1986 | 531.42 million TDS, current US$ | +34.9% |
| 1987 | 646.97 million TDS, current US$ | +21.7% |
| 1988 | 734.79 million TDS, current US$ | +13.6% |
| 1989 | 713.12 million TDS, current US$ | -2.9% |
| 1990 | 831.51 million TDS, current US$ | +16.6% |
| 1991 | 887.57 million TDS, current US$ | +6.7% |
| 1992 | 933.30 million TDS, current US$ | +5.2% |
| 1993 | 996.17 million TDS, current US$ | +6.7% |
| 1994 | 1.08 billion TDS, current US$ | +8.8% |
| 1995 | 1.25 billion TDS, current US$ | +15.7% |
| 1996 | 1.14 billion TDS, current US$ | -8.8% |
| 1997 | 1.07 billion TDS, current US$ | -6.4% |
| 1998 | 1.01 billion TDS, current US$ | -5.8% |
| 1999 | 1.04 billion TDS, current US$ | +2.9% |
| 2000 | 976.36 million TDS, current US$ | -6.1% |
| 2001 | 887.78 million TDS, current US$ | -9.1% |
| 2002 | 902.22 million TDS, current US$ | +1.6% |
| 2003 | 889.43 million TDS, current US$ | -1.4% |
| 2004 | 867.74 million TDS, current US$ | -2.4% |
| 2005 | 902.64 million TDS, current US$ | +4.0% |
| 2006 | 1.07 billion TDS, current US$ | +18.5% |
| 2007 | 958.54 million TDS, current US$ | -10.4% |
| 2008 | 1.28 billion TDS, current US$ | +33.8% |
| 2009 | 899.45 million TDS, current US$ | -29.9% |
| 2010 | 867.33 million TDS, current US$ | -3.6% |
| 2011 | 811.68 million TDS, current US$ | -6.4% |
| 2012 | 785.39 million TDS, current US$ | -3.2% |
| 2013 | 1.48 billion TDS, current US$ | +87.9% |
| 2014 | 720.58 million TDS, current US$ | -51.2% |
| 2015 | 766.78 million TDS, current US$ | +6.4% |
| 2016 | 779.15 million TDS, current US$ | +1.6% |
| 2017 | 874.30 million TDS, current US$ | +12.2% |
| 2018 | 959.53 million TDS, current US$ | +9.7% |
| 2019 | 1.06 billion TDS, current US$ | +10.4% |
| 2020 | 1.01 billion TDS, current US$ | -4.3% |
| 2021 | 935.74 million TDS, current US$ | -7.7% |
| 2022 | 1.24 billion TDS, current US$ | +32.9% |
| 2023 | 2.49 billion TDS, current US$ | +100.2% |
| 2024 | 3.21 billion TDS, current US$ | +29.1% |
Philippines compared with similar countries
- Philippines's 3.21 billion TDS, current US$ is above the median for upper middle income countries, which is 460.68 million TDS, current US$, 7.0× the median. (52 countries reporting)
- Philippines's 3.21 billion TDS, current US$ is above the median for East Asia & Pacific, which is 148.58 million TDS, current US$, 21.6× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 43.87 million TDS, current US$ | 12.11 million TDS, current US$ | 119.20 million TDS, current US$ | 10 |
| 1980s | 420.15 million TDS, current US$ | 144.69 million TDS, current US$ | 734.79 million TDS, current US$ | 10 |
| 1990s | 1.03 billion TDS, current US$ | 831.51 million TDS, current US$ | 1.25 billion TDS, current US$ | 10 |
| 2000s | 963.65 million TDS, current US$ | 867.74 million TDS, current US$ | 1.28 billion TDS, current US$ | 10 |
| 2010s | 909.96 million TDS, current US$ | 720.58 million TDS, current US$ | 1.48 billion TDS, current US$ | 10 |
| 2020s | 1.78 billion TDS, current US$ | 935.74 million TDS, current US$ | 3.21 billion TDS, current US$ | 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 3.21 billion TDS, current US$ 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 3.21 billion TDS, current US$ in 2024.
- What is the lowest multilateral debt service recorded in Philippines?
- The lowest recorded value was 12.11 million TDS, current US$ in 1970.
- How does Philippines rank for multilateral debt service?
- Philippines ranks 10th 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 346.0%. 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 Multilateral debt service (TDS, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Public and publicly guaranteed multilateral loans include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Debt service payments are the sum of principal repayments and interest payments actually made in the year specified. Data are in current U.S. dollars.