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Philippines External and Government Debt

Philippines National Debt Data

Indicator Data Period
Government Debt to GDP 60.9 % 2022
External Debt 111268 USD Million | 111.268 B USD 2022


Latest data on Government Debt to GDP (%)

Government Debt to GDP
                     Philippines - Historical Data (%)

What is Philippines Government Debt to GDP Ratio?

  • Government Debt to GDP in Philippines increased to 60.9 % in 2022. The maximum level was 74.9 % and minimum was 39.6 %
  • Data published Yearly by Bureau of the Treasury.

Historical Data (%) by years

Data
Period
Date
60.9 2022 01.03.2023
60.4 2021 04.08.2022
53.5 2020 07.06.2021
41.5 2019 19.04.2020
41.9 2018 13.02.2019
42.1 2017 02.04.2018
42.1 2016 11.08.2017
45.05 2015 31.12.2015


Historical Chart by presidents (%)

Government Debt to GDP in Philippines by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Rodrigo Duterte 30.06.2016 - 42.1000 42.1000 42.1000 42.1000 0.00%
Benigno Aquino 30.06.2010 - 30.06.2016 52.4000 45.0500 52.4000 45.0500 -14.03%
Gloria Macapagal 20.01.2001 - 30.06.2010 62.8000 54.8000 71.4000 51.4000 -12.74%
Joseph Ejercito Estrada 30.06.1998 - 20.01.2001 54.7000 62.1000 62.1000 54.7000 13.53%
Fidel V. Ramos 30.06.1992 - 30.06.1998 63.0000 54.3000 74.9000 51.7000 -13.81%
Corazon C. Aquino 25.02.1986 - 30.06.1992 54.4000 52.6000 54.4000 52.6000 -3.31%


Latest data on External Debt (USD Million)

External Debt
                     Philippines - Historical Data (USD Million)

What is external debt of Philippines?

  • External Debt in Philippines increased to 111268 USD Million (111.268 B USD) in 2022. The maximum debt was 98488 USD Million and minimum was 20893 USD Million
  • Data published Yearly by Central Bank.

Historical Data (USD Million) by years

Data
Period
Date
111268 2022 25.03.2023
106428 2021 07.05.2022
98488 2020 20.03.2021
83618 2019 28.03.2020
78960 2018 23.03.2019
73097.867 2017 17.03.2018
76621.969 2016 11.08.2017
77474.07 2015 31.12.2015


Historical Chart by presidents (USD Million)

External Debt in Philippines by presidents

Name Period Start Data End Data Max Value Min Value CHG% Start/End
Rodrigo Duterte 30.06.2016 - 76621.9700 73097.8700 76621.9700 73097.8700 -4.60%
Benigno Aquino 30.06.2010 - 30.06.2016 73593.8200 77474.0700 79949.4200 73593.8200 5.27%
Gloria Macapagal 20.01.2001 - 30.06.2010 52047.0000 64738.4200 66508.2900 52047.0000 24.38%
Joseph Ejercito Estrada 30.06.1998 - 20.01.2001 46146.0000 51358.0000 51358.0000 46146.0000 11.29%
Fidel V. Ramos 30.06.1992 - 30.06.1998 30771.0000 42972.0000 42972.0000 30771.0000 39.65%
Corazon C. Aquino 25.02.1986 - 30.06.1992 29183.0000 29933.0000 30585.0000 28322.0000 2.57%

Other budget indicators in Philippines

Index Updated Actual Previous
Fiscal Expenditure  Aug/23 443.556 B USD 459.543
Government Budget to GDP 2022 -7.3 % -8.6
Military Expenditure 2022 3.965 B USD 5.546

Government Debt to GDP in other countries

Country Updated Actual Previous
Bangladesh 2022 28.2 % 29.2
Jordan 2021 89.4 % 85.4
Kyrgyzstan 2022 63.3 % 60.3
Mongolia 2022 48 % 55
Nepal 2022 41.4 % 40.6
Palestine 2022 18.5 % 21.3
Tajikistan 2022 34.6 % 42.5
Cambodia 2022 36.8 % 36.3
China 2022 77.1 % 71.8
Georgia 2022 41.3 % 57.1
India 2021 89.26 % 89.41
Israel 2022 60.9 % 68
Pakistan 2022 89 % 86
South Korea 2022 49.6 % 46.9
Taiwan 2019 28.2 % 29.3
Vietnam 2022 37.1 % 39.3
Maldives 2022 57.9 % 57.5
Armenia 2022 49.27 % 60.25
Hong Kong 2016 38.4 % 37
Indonesia 2022 39.9 % 41.1
Japan 2022 264 % 262
Kazakhstan 2022 24.4 % 27.4
Lebanon 2020 151 % 172
Malaysia 2022 60.4 % 63.4
Philippines 2022 60.9 % 60.4
Qatar 2022 46.9 % 58.4
Singapore 2022 168 % 160
Sri Lanka 2022 114 % 100
Thailand 2022 60.96 % 59.61
Oman 2022 40.2 % 61.7
Iran 2022 34 % 42.4
Laos 2022 68.01 % 53.81
Azerbaijan 2022 11.7 % 18.2
Kuwait 2022 2.9 % 8.7
Saudi Arabia 2021 30 % 32.5
Bahrain 2022 120 % 128
United Arab Emirates 2021 38.3 % 36.9
Yemen 2022 68.66 % 63.1
Turkmenistan 2022 8 % 11
Uzbekistan 2022 36.4 % 38
Iraq 2022 43.3 % 59.2
Syria 2010 30.01 % 31.21
Afghanistan 2020 7.4 % 6.1
Bhutan 2022 125 % 132
Brunei 2022 2.1 % 2.5
Mauritius 2021 86 % 91.9