Philippines External Debt

Philippines external debt for 2024 was 137.02 billion US dollars, a 10.08% increase from 2023.
  • Philippines external debt for 2023 was 124.47 billion US dollars, a 12.36% increase from 2022.
  • Philippines external debt for 2022 was 110.78 billion US dollars, a 3.88% increase from 2021.
  • Philippines external debt for 2021 was 106.64 billion US dollars, a 8.26% increase from 2020.
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. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars. The full historical dataset is available for download here: Philippines External Debt | Historical Data | 1970 - 2024.