The ocean and the beach in the Philippines

Philippines External Debt

Philippines External Debt

External Debt in Philippines

External debt was 27.5% of GDP in the Philippines in 2022, compared to 27.7% of GDP ten years earlier. External debt averaged USD 25.2% of GDP over the last decade, which was below the average for Asia-Pacific of 26.7%. For more external debt information, visit our dedicated page.

Philippines External Debt Chart

Note: This chart displays External Debt (% of GDP) for Philippines from 2014 to 2019.
Source: Central Bank Philippines.

Philippines External Debt Data

2018 2019 2020 2021 2022
External Debt (% of GDP) 22.8 22.2 27.2 27.0 27.5
External Debt (USD bn) 79.0 83.6 98.5 106.4 111.3

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