Short-term debt (% of total external debt) in Philippines
Philippines: Short-term debt (% of total external debt) was 13.7% in 2025. ◆ Volatile
Short-term debt in Philippines, 1970–2025
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Philippines is 13.7%, measured in 2025.
The figure is down 10.2% on the previous year and down 27.4% over ten years.
Over the whole period, short-term debt in Philippines peaked at 46.4% in 1982 and was at its lowest, 7.2%, in 2009.
That places Philippines 43rd out of 123 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Philippines, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 26.5% | — |
| 1971 | 26.5% | -0.0% |
| 1972 | 26.5% | +0.0% |
| 1973 | 26.5% | +0.0% |
| 1974 | 26.5% | -0.0% |
| 1975 | 26.5% | +0.0% |
| 1976 | 26.5% | -0.0% |
| 1977 | 30.2% | +13.6% |
| 1978 | 35.9% | +18.9% |
| 1979 | 40.0% | +11.6% |
| 1980 | 43.4% | +8.4% |
| 1981 | 45.3% | +4.5% |
| 1982 | 46.4% | +2.4% |
| 1983 | 38.9% | -16.1% |
| 1984 | 38.8% | -0.2% |
| 1985 | 34.4% | -11.5% |
| 1986 | 19.1% | -44.5% |
| 1987 | 12.7% | -33.2% |
| 1988 | 13.4% | +4.8% |
| 1989 | 13.8% | +3.3% |
| 1990 | 14.5% | +4.9% |
| 1991 | 15.2% | +5.1% |
| 1992 | 15.8% | +4.0% |
| 1993 | 13.9% | -12.0% |
| 1994 | 14.2% | +1.9% |
| 1995 | 13.4% | -5.6% |
| 1996 | 18.1% | +35.1% |
| 1997 | 23.3% | +28.4% |
| 1998 | 10.9% | -53.0% |
| 1999 | 8.5% | -22.6% |
| 2000 | 9.4% | +11.1% |
| 2001 | 10.3% | +9.3% |
| 2002 | 9.3% | -9.9% |
| 2003 | 9.8% | +6.4% |
| 2004 | 8.3% | -16.2% |
| 2005 | 10.9% | +32.0% |
| 2006 | 8.7% | -20.2% |
| 2007 | 12.0% | +37.7% |
| 2008 | 12.0% | +0.4% |
| 2009 | 7.2% | -40.5% |
| 2010 | 16.1% | +125.0% |
| 2011 | 18.3% | +13.9% |
| 2012 | 24.2% | +31.9% |
| 2013 | 22.0% | -8.8% |
| 2014 | 20.6% | -6.3% |
| 2015 | 18.9% | -8.2% |
| 2016 | 19.3% | +1.9% |
| 2017 | 19.4% | +0.5% |
| 2018 | 20.3% | +4.6% |
| 2019 | 20.4% | +0.6% |
| 2020 | 14.4% | -29.3% |
| 2021 | 14.2% | -1.9% |
| 2022 | 15.0% | +6.0% |
| 2023 | 13.7% | -8.5% |
| 2024 | 15.3% | +11.5% |
| 2025 | 13.7% | -10.2% |
Philippines compared with similar countries
- Philippines's 13.7% is above the median for upper middle income countries, which is 11.8%, 1.2× the median. (52 countries reporting)
- Philippines's 13.7% is below the median for East Asia & Pacific, which is 15.4%, 89% of the median. (16 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +125.0% | 7.2% | 16.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.2% | 26.5% | 40.0% | 10 |
| 1980s | 30.6% | 12.7% | 46.4% | 10 |
| 1990s | 14.8% | 8.5% | 23.3% | 10 |
| 2000s | 9.8% | 7.2% | 12.0% | 10 |
| 2010s | 20.0% | 16.1% | 24.2% | 10 |
| 2020s | 14.4% | 13.7% | 15.3% | 6 |
Countries ranked near Philippines
More external debt data for Philippines
- Net financial flows, IBRD 1.38 billion NFL, current US$ (2025)
- 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 (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, IDA (NFL, current US$), per square kilometre -8.3 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 3.83 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 89.88 billion DOD, current US$ (2025)
- External debt stocks, long-term 123.11 billion DOD, current US$ (2025)
Frequently asked questions
- What is short-term debt in Philippines?
- Short-term debt in Philippines was 13.7% in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Philippines?
- The highest recorded value was 46.4% in 1982.
- What is the lowest short-term debt recorded in Philippines?
- The lowest recorded value was 7.2% in 2009.
- How does Philippines rank for short-term debt?
- Philippines ranks 43rd out of 123 countries with data for 2025.
- Is short-term debt rising or falling in Philippines?
- Over the last ten years it is down 27.4%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.