Debt service as a proportion of exports of goods, services and in Philippines
Philippines: Debt service as a proportion of exports of goods, services and was 5.2% in 2023. ▼ Falling
Latest (2023)
5.2%
Change on year
up 5.2%
World rank
86th
of 125 countries
All-time high
20.2%
in 2004
All-time low
4.6%
in 2018
Years of data
24
2000–2023
Debt service as a proportion of exports of goods, services and in Philippines, 2000–2023
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2023, debt service as a proportion of exports of goods, services and in Philippines stood at 5.2%.
That represents a change of up 5.2% on the previous year and down 27.1% over ten years.
Over the whole period, debt service as a proportion of exports of goods, services and in Philippines peaked at 20.2% in 2004 and was at its lowest, 4.6%, in 2018.
Philippines ranks 86th of 125 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 24 years of available data.
Debt service as a proportion of exports of goods, services and in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 14.6% | — |
| 2001 | 19.9% | +36.2% |
| 2002 | 19.7% | -1.0% |
| 2003 | 19.3% | -2.2% |
| 2004 | 20.2% | +4.9% |
| 2005 | 15.8% | -21.7% |
| 2006 | 18.6% | +17.3% |
| 2007 | 9.5% | -49.1% |
| 2008 | 11.8% | +24.6% |
| 2009 | 13.5% | +14.2% |
| 2010 | 16.0% | +18.7% |
| 2011 | 11.9% | -25.3% |
| 2012 | 7.3% | -38.9% |
| 2013 | 7.2% | -1.8% |
| 2014 | 6.1% | -14.5% |
| 2015 | 6.8% | +11.5% |
| 2016 | 7.8% | +14.2% |
| 2017 | 5.4% | -30.6% |
| 2018 | 4.6% | -15.5% |
| 2019 | 6.0% | +32.1% |
| 2020 | 6.2% | +2.1% |
| 2021 | 7.8% | +26.2% |
| 2022 | 5.0% | -36.3% |
| 2023 | 5.2% | +5.2% |
Philippines compared with similar countries
- Philippines's 5.2% is below the median for upper middle income countries, which is 7.6%, 68% of the median. (49 countries reporting)
- Philippines's 5.2% is above the median for East Asia & Pacific, which is 4.7%, 1.1× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.3% | 9.5% | 20.2% | 10 |
| 2010s | 7.9% | 4.6% | 16.0% | 10 |
| 2020s | 6.0% | 5.0% | 7.8% | 4 |
Countries ranked near Philippines
- 83 Madagascar 5.6% compare
- 84 Lesotho 5.6% compare
- 85 Armenia 5.5% compare
- 87 Guatemala 5.1% compare
- 88 Tajikistan 5.1% compare
- 89 Sao Tome and Principe 5.0% compare
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is debt service as a proportion of exports of goods, services and in Philippines?
- Debt service as a proportion of exports of goods, services and in Philippines was 5.2% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest debt service as a proportion of exports of goods, services and recorded in Philippines?
- The highest recorded value was 20.2% in 2004.
- What is the lowest debt service as a proportion of exports of goods, services and recorded in Philippines?
- The lowest recorded value was 4.6% in 2018.
- How does Philippines rank for debt service as a proportion of exports of goods, services and?
- Philippines ranks 86th out of 125 countries with data for 2023.
- Is debt service as a proportion of exports of goods, services and rising or falling in Philippines?
- Over the last ten years it is down 27.1%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Debt service as a proportion of exports of goods, services and primary income (%). Statizoid updates them automatically from the source API.
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