Use of IMF credit in Philippines
Philippines: Use of IMF credit was 3.65 billion DOD, current US$ in 2024. ◆ Volatile
Use of IMF credit in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Philippines recorded 3.65 billion DOD, current US$ for use of imf credit in 2024.
The figure is down 2.8% on the previous year and up 200.3% over ten years.
Over the whole period, use of imf credit in Philippines peaked at 3.91 billion DOD, current US$ in 2021 and was at its lowest, 68.75 million DOD, current US$, in 1970.
That places Philippines 25th out of 123 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Use of IMF credit in Philippines, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 68.75 million DOD, current US$ | — |
| 1971 | 97.42 million DOD, current US$ | +41.7% |
| 1972 | 103.41 million DOD, current US$ | +6.1% |
| 1973 | 91.99 million DOD, current US$ | -11.0% |
| 1974 | 83.03 million DOD, current US$ | -9.7% |
| 1975 | 192.79 million DOD, current US$ | +132.2% |
| 1976 | 404.16 million DOD, current US$ | +109.6% |
| 1977 | 527.53 million DOD, current US$ | +30.5% |
| 1978 | 657.62 million DOD, current US$ | +24.7% |
| 1979 | 812.85 million DOD, current US$ | +23.6% |
| 1980 | 1.04 billion DOD, current US$ | +28.5% |
| 1981 | 1.13 billion DOD, current US$ | +8.5% |
| 1982 | 999.29 million DOD, current US$ | -11.8% |
| 1983 | 1.09 billion DOD, current US$ | +9.5% |
| 1984 | 885.38 million DOD, current US$ | -19.1% |
| 1985 | 1.17 billion DOD, current US$ | +32.0% |
| 1986 | 1.27 billion DOD, current US$ | +8.3% |
| 1987 | 1.26 billion DOD, current US$ | -0.5% |
| 1988 | 1.09 billion DOD, current US$ | -13.2% |
| 1989 | 1.18 billion DOD, current US$ | +7.6% |
| 1990 | 911.74 million DOD, current US$ | -22.5% |
| 1991 | 1.09 billion DOD, current US$ | +19.1% |
| 1992 | 1.10 billion DOD, current US$ | +1.3% |
| 1993 | 1.21 billion DOD, current US$ | +10.0% |
| 1994 | 1.06 billion DOD, current US$ | -12.1% |
| 1995 | 727.60 million DOD, current US$ | -31.6% |
| 1996 | 405.42 million DOD, current US$ | -44.3% |
| 1997 | 855.18 million DOD, current US$ | +110.9% |
| 1998 | 1.57 billion DOD, current US$ | +83.4% |
| 1999 | 1.98 billion DOD, current US$ | +26.4% |
| 2000 | 2.18 billion DOD, current US$ | +10.1% |
| 2001 | 2.10 billion DOD, current US$ | -3.9% |
| 2002 | 1.84 billion DOD, current US$ | -12.1% |
| 2003 | 1.37 billion DOD, current US$ | -25.7% |
| 2004 | 937.29 million DOD, current US$ | -31.6% |
| 2005 | 555.50 million DOD, current US$ | -40.7% |
| 2006 | 175.41 million DOD, current US$ | -68.4% |
| 2007 | 184.25 million DOD, current US$ | +5.0% |
| 2008 | 179.59 million DOD, current US$ | -2.5% |
| 2009 | 1.31 billion DOD, current US$ | +631.5% |
| 2010 | 1.29 billion DOD, current US$ | -1.8% |
| 2011 | 1.29 billion DOD, current US$ | -0.3% |
| 2012 | 1.29 billion DOD, current US$ | +0.1% |
| 2013 | 1.29 billion DOD, current US$ | +0.2% |
| 2014 | 1.21 billion DOD, current US$ | -5.9% |
| 2015 | 1.16 billion DOD, current US$ | -4.4% |
| 2016 | 1.13 billion DOD, current US$ | -3.0% |
| 2017 | 1.19 billion DOD, current US$ | +5.9% |
| 2018 | 1.17 billion DOD, current US$ | -2.3% |
| 2019 | 1.16 billion DOD, current US$ | -0.6% |
| 2020 | 1.21 billion DOD, current US$ | +4.2% |
| 2021 | 3.91 billion DOD, current US$ | +224.2% |
| 2022 | 3.72 billion DOD, current US$ | -4.9% |
| 2023 | 3.75 billion DOD, current US$ | +0.8% |
| 2024 | 3.65 billion DOD, current US$ | -2.8% |
Philippines compared with similar countries
- Philippines's 3.65 billion DOD, current US$ is above the median for upper middle income countries, which is 1.00 billion DOD, current US$, 3.6× the median. (52 countries reporting)
- Philippines's 3.65 billion DOD, current US$ is above the median for East Asia & Pacific, which is 308.02 million DOD, current US$, 11.8× the median. (16 countries reporting)
Biggest year-on-year movements
Years where Use of IMF credit in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +631.5% | 179.59 million DOD, current US$ | 1.31 billion DOD, current US$ |
| 2021 | +224.2% | 1.21 billion DOD, current US$ | 3.91 billion DOD, current US$ |
| 1975 | +132.2% | 83.03 million DOD, current US$ | 192.79 million DOD, current US$ |
| 1997 | +110.9% | 405.42 million DOD, current US$ | 855.18 million DOD, current US$ |
| 1976 | +109.6% | 192.79 million DOD, current US$ | 404.16 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 303.95 million DOD, current US$ | 68.75 million DOD, current US$ | 812.85 million DOD, current US$ | 10 |
| 1980s | 1.11 billion DOD, current US$ | 885.38 million DOD, current US$ | 1.27 billion DOD, current US$ | 10 |
| 1990s | 1.09 billion DOD, current US$ | 405.42 million DOD, current US$ | 1.98 billion DOD, current US$ | 10 |
| 2000s | 1.08 billion DOD, current US$ | 175.41 million DOD, current US$ | 2.18 billion DOD, current US$ | 10 |
| 2010s | 1.22 billion DOD, current US$ | 1.13 billion DOD, current US$ | 1.29 billion DOD, current US$ | 10 |
| 2020s | 3.25 billion DOD, current US$ | 1.21 billion DOD, current US$ | 3.91 billion DOD, current US$ | 5 |
Countries ranked near Philippines
- 22 Ghana 4.66 billion DOD, current US$ compare
- 23 Democratic Republic of Congo 4.08 billion DOD, current US$ compare
- 24 Algeria 4.01 billion DOD, current US$ compare
- 26 Iraq 3.56 billion DOD, current US$ compare
- 27 Morocco 3.28 billion DOD, current US$ compare
- 28 Zambia 3.13 billion DOD, current US$ compare
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 use of imf credit in Philippines?
- Use of imf credit in Philippines was 3.65 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest use of imf credit recorded in Philippines?
- The highest recorded value was 3.91 billion DOD, current US$ in 2021.
- What is the lowest use of imf credit recorded in Philippines?
- The lowest recorded value was 68.75 million DOD, current US$ in 1970.
- How does Philippines rank for use of imf credit?
- Philippines ranks 25th out of 123 countries with data for 2024.
- Is use of imf credit rising or falling in Philippines?
- Over the last ten years it is up 200.3%. 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 Use of IMF credit (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Use of IMF Credit: Data related to the operations of the IMF are provided by the IMF Treasurer’s Department. They are converted from special drawing rights into dollars using end-of-period exchange rates for stocks and average-over-the-period exchange rates for flows. IMF trust fund operations under the Enhanced Structural Adjustment Facility, Extended Fund Facility, Poverty Reduction and Growth Facility, and Structural Adjustment Facility (Enhanced Structural Adjustment Facility in 1999) are presented together with all of the IMF’s special facilities (buffer stock, supplemental reserve, compensatory and contingency facilities, oil facilities, and other facilities). SDR allocations are also included in this category. According to the BPM6, SDR allocations are recorded as the incurrence of a debt liability of the member receiving them (because of a requirement to repay the allocation in certain circumstances, and also because interest accrues). This debt item is introduced for the first time this year with historical data starting in 1999.