External debt as a share of gni in Philippines
Philippines: External debt as a share of gni was 25.02 in 2023. ▼ Falling
Latest (2023)
25.02
Change on year
down 3.7%
World rank
98th
of 118 countries
All-time high
67.52
in 2001
All-time low
20.06
in 2017
Years of data
24
2000–2023
External debt as a share of gni in Philippines, 2000–2023
Source: Our World in Data.
Analysis
In 2023, external debt as a share of gni in Philippines stood at 25.02.
The figure is down 3.7% on the previous year and up 19.9% over ten years.
Over the whole period, external debt as a share of gni in Philippines peaked at 67.52 in 2001 and was at its lowest, 20.06, in 2017.
Philippines ranks 98th of 118 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 24 years of available data.
External debt as a share of gni in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 63.83 | — |
| 2001 | 67.52 | +5.8% |
| 2002 | 65.03 | -3.7% |
| 2003 | 65.89 | +1.3% |
| 2004 | 58.86 | -10.7% |
| 2005 | 49.77 | -15.4% |
| 2006 | 41.31 | -17.0% |
| 2007 | 34.8 | -15.8% |
| 2008 | 29.33 | -15.7% |
| 2009 | 28.51 | -2.8% |
| 2010 | 28.2 | -1.1% |
| 2011 | 25.47 | -9.7% |
| 2012 | 23.85 | -6.4% |
| 2013 | 20.86 | -12.5% |
| 2014 | 23.26 | +11.5% |
| 2015 | 22.33 | -4.0% |
| 2016 | 21.14 | -5.3% |
| 2017 | 20.06 | -5.1% |
| 2018 | 20.58 | +2.6% |
| 2019 | 20.18 | -1.9% |
| 2020 | 25.31 | +25.4% |
| 2021 | 26.08 | +3.0% |
| 2022 | 25.98 | -0.4% |
| 2023 | 25.02 | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.48 | 28.51 | 67.52 | 10 |
| 2010s | 22.59 | 20.06 | 28.2 | 10 |
| 2020s | 25.6 | 25.02 | 26.08 | 4 |
Countries ranked near Philippines
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)
- GNI (current LCU), annual growth rate 7.75 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 66.11 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 275,705 current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 21.56 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 22.01 % change on previous year (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0124 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 80.53 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 58.8 (2025)
Frequently asked questions
- What is external debt as a share of gni in Philippines?
- External debt as a share of gni in Philippines was 25.02 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Philippines?
- The highest recorded value was 67.52 in 2001.
- What is the lowest external debt as a share of gni recorded in Philippines?
- The lowest recorded value was 20.06 in 2017.
- How does Philippines rank for external debt as a share of gni?
- Philippines ranks 98th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Philippines?
- Over the last ten years it is up 19.9%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).