Philippines External Debt 1970-2024
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.
- Philippines external debt for 2022 was $111,216,881,401, a 4.48% increase from 2021.
- Philippines external debt for 2021 was $106,447,841,327, a 8.07% increase from 2020.
- Philippines external debt for 2020 was $98,498,410,045, a 17.76% increase from 2019.
- Philippines external debt for 2019 was $83,643,882,832, a 5.89% increase from 2018.
| Philippines External Debt - Historical Data |
| Year |
Current US $ |
Annual % Change |
| 2022 |
$111,216,881,401 |
4.48% |
| 2021 |
$106,447,841,327 |
8.07% |
| 2020 |
$98,498,410,045 |
17.76% |
| 2019 |
$83,643,882,832 |
5.89% |
| 2018 |
$78,989,513,052 |
8.04% |
| 2017 |
$73,108,188,467 |
-2.19% |
| 2016 |
$74,747,741,448 |
-1.99% |
| 2015 |
$76,266,262,181 |
-1.16% |
| 2014 |
$77,164,821,039 |
16.58% |
| 2013 |
$66,187,916,921 |
-4.57% |
| 2012 |
$69,359,153,733 |
4.93% |
| 2011 |
$66,101,515,849 |
1.16% |
| 2010 |
$65,346,014,588 |
16.75% |
| 2009 |
$55,972,281,264 |
-3.92% |
| 2008 |
$58,257,911,058 |
-1.54% |
| 2007 |
$59,166,510,966 |
2.74% |
| 2006 |
$57,587,666,398 |
-1.87% |
| 2005 |
$58,683,969,834 |
-4.02% |
| 2004 |
$61,138,846,543 |
-2.57% |
| 2003 |
$62,750,286,524 |
4.50% |
| 2002 |
$60,050,188,380 |
2.85% |
| 2001 |
$58,387,459,922 |
-0.09% |
| 2000 |
$58,441,426,798 |
-0.04% |
| 1999 |
$58,466,255,808 |
9.10% |
| 1998 |
$53,589,505,356 |
5.70% |
| 1997 |
$50,698,365,609 |
15.24% |
| 1996 |
$43,993,253,268 |
11.74% |
| 1995 |
$39,371,063,205 |
-2.18% |
| 1994 |
$40,249,396,304 |
11.36% |
| 1993 |
$36,142,381,235 |
8.80% |
| 1992 |
$33,219,038,810 |
2.23% |
| 1991 |
$32,493,338,656 |
6.26% |
| 1990 |
$30,579,850,827 |
6.73% |
| 1989 |
$28,652,845,075 |
-0.97% |
| 1988 |
$28,932,152,203 |
-2.86% |
| 1987 |
$29,784,762,859 |
5.60% |
| 1986 |
$28,204,156,851 |
5.88% |
| 1985 |
$26,637,306,936 |
9.36% |
| 1984 |
$24,356,701,585 |
0.60% |
| 1983 |
$24,211,103,887 |
-0.83% |
| 1982 |
$24,412,638,706 |
17.45% |
| 1981 |
$20,785,921,054 |
19.34% |
| 1980 |
$17,417,202,375 |
31.14% |
| 1979 |
$13,281,603,751 |
23.30% |
| 1978 |
$10,772,164,769 |
31.63% |
| 1977 |
$8,183,427,508 |
35.50% |
| 1976 |
$6,039,460,845 |
44.81% |
| 1975 |
$4,170,679,936 |
26.18% |
| 1974 |
$3,305,257,925 |
19.70% |
| 1973 |
$2,761,258,308 |
3.37% |
| 1972 |
$2,671,171,407 |
10.40% |
| 1971 |
$2,419,452,685 |
10.17% |
| 1970 |
$2,196,027,769 |
10.17% |
