Public and publicly guaranteed debt service in Philippines
Philippines: Public and publicly guaranteed debt service was 1.9% in 2024. ◆ Volatile
Public and publicly guaranteed debt service in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, public and publicly guaranteed debt service in Philippines stood at 1.9%.
The figure is up 46.7% on the previous year and up 19.4% over ten years.
Over the whole period, public and publicly guaranteed debt service in Philippines peaked at 6.8% in 1993 and was at its lowest, 1.2%, in 1971.
That places Philippines 73rd out of 123 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Public and publicly guaranteed debt service in Philippines, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.4% | — |
| 1971 | 1.2% | -13.6% |
| 1972 | 1.6% | +32.6% |
| 1973 | 2.1% | +35.6% |
| 1974 | 1.3% | -39.5% |
| 1975 | 1.4% | +10.1% |
| 1976 | 1.3% | -5.0% |
| 1977 | 1.4% | +7.3% |
| 1978 | 2.4% | +68.1% |
| 1979 | 2.5% | +4.7% |
| 1980 | 1.6% | -35.2% |
| 1981 | 2.2% | +32.2% |
| 1982 | 2.5% | +16.8% |
| 1983 | 3.3% | +28.6% |
| 1984 | 3.4% | +3.4% |
| 1985 | 3.7% | +9.2% |
| 1986 | 5.7% | +55.4% |
| 1987 | 6.4% | +11.8% |
| 1988 | 6.1% | -4.0% |
| 1989 | 4.7% | -22.9% |
| 1990 | 5.8% | +23.2% |
| 1991 | 5.3% | -8.1% |
| 1992 | 6.2% | +16.2% |
| 1993 | 6.8% | +8.8% |
| 1994 | 4.8% | -28.3% |
| 1995 | 4.9% | +1.9% |
| 1996 | 4.1% | -16.5% |
| 1997 | 3.3% | -19.5% |
| 1998 | 4.2% | +27.8% |
| 1999 | 4.4% | +3.4% |
| 2000 | 4.8% | +9.4% |
| 2001 | 6.3% | +31.7% |
| 2002 | 6.0% | -5.4% |
| 2003 | 5.9% | -1.0% |
| 2004 | 6.6% | +11.3% |
| 2005 | 4.9% | -25.9% |
| 2006 | 6.1% | +24.4% |
| 2007 | 3.0% | -50.9% |
| 2008 | 3.3% | +8.8% |
| 2009 | 3.4% | +4.7% |
| 2010 | 4.2% | +24.1% |
| 2011 | 3.0% | -29.4% |
| 2012 | 1.9% | -36.8% |
| 2013 | 1.7% | -8.7% |
| 2014 | 1.6% | -9.7% |
| 2015 | 1.6% | +5.3% |
| 2016 | 1.8% | +12.5% |
| 2017 | 1.4% | -21.5% |
| 2018 | 1.2% | -15.5% |
| 2019 | 1.6% | +29.1% |
| 2020 | 1.5% | -7.8% |
| 2021 | 1.9% | +30.9% |
| 2022 | 1.3% | -32.4% |
| 2023 | 1.3% | -1.7% |
| 2024 | 1.9% | +46.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.7% | 1.2% | 2.5% | 10 |
| 1980s | 4.0% | 1.6% | 6.4% | 10 |
| 1990s | 5.0% | 3.3% | 6.8% | 10 |
| 2000s | 5.0% | 3.0% | 6.6% | 10 |
| 2010s | 2.0% | 1.2% | 4.2% | 10 |
| 2020s | 1.6% | 1.3% | 1.9% | 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)
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre -8.3 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is public and publicly guaranteed debt service in Philippines?
- Public and publicly guaranteed debt service in Philippines was 1.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Philippines?
- The highest recorded value was 6.8% in 1993.
- What is the lowest public and publicly guaranteed debt service recorded in Philippines?
- The lowest recorded value was 1.2% in 1971.
- How does Philippines rank for public and publicly guaranteed debt service?
- Philippines ranks 73rd out of 123 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Philippines?
- Over the last ten years it is up 19.4%. 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 Public and publicly guaranteed debt service (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to gross national income. 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. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.