External debt stocks as a proportion of GNI in Philippines
Philippines: External debt stocks as a proportion of GNI was 26.3% in 2024. ▼ Falling
External debt stocks as a proportion of GNI in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
In 2024, external debt stocks as a proportion of gni in Philippines stood at 26.3%.
That represents a change of up 2.3% on the previous year and up 10.7% over ten years.
Over the whole period, external debt stocks as a proportion of gni in Philippines peaked at 67.5% in 2001 and was at its lowest, 20.2%, in 2017.
That places Philippines 88th out of 109 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
External debt stocks as a proportion of GNI in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 63.8% | — |
| 2001 | 67.5% | +5.8% |
| 2002 | 65.0% | -3.7% |
| 2003 | 65.9% | +1.3% |
| 2004 | 58.8% | -10.7% |
| 2005 | 49.8% | -15.4% |
| 2006 | 41.3% | -17.0% |
| 2007 | 34.8% | -15.8% |
| 2008 | 29.3% | -15.7% |
| 2009 | 28.5% | -2.8% |
| 2010 | 28.2% | -1.1% |
| 2011 | 25.3% | -10.1% |
| 2012 | 23.4% | -7.7% |
| 2013 | 24.2% | +3.3% |
| 2014 | 23.7% | -1.9% |
| 2015 | 23.3% | -1.6% |
| 2016 | 21.3% | -8.9% |
| 2017 | 20.2% | -5.1% |
| 2018 | 20.6% | +2.3% |
| 2019 | 20.4% | -1.4% |
| 2020 | 25.3% | +24.4% |
| 2021 | 26.1% | +3.2% |
| 2022 | 25.9% | -1.0% |
| 2023 | 25.7% | -0.8% |
| 2024 | 26.3% | +2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 50.5% | 28.5% | 67.5% | 10 |
| 2010s | 23.1% | 20.2% | 28.2% | 10 |
| 2020s | 25.8% | 25.3% | 26.3% | 5 |
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)
- Manufacturing, value added (constant LCU), per capita 34,420 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.86 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.2699 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 1,126 current US$ per person (2025)
- Industry (including construction), value added (current LCU), annual 3.24 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 15.52 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 64,732 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 1.71 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks as a proportion of gni in Philippines?
- External debt stocks as a proportion of gni in Philippines was 26.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest external debt stocks as a proportion of gni recorded in Philippines?
- The highest recorded value was 67.5% in 2001.
- What is the lowest external debt stocks as a proportion of gni recorded in Philippines?
- The lowest recorded value was 20.2% in 2017.
- How does Philippines rank for external debt stocks as a proportion of gni?
- Philippines ranks 88th out of 109 countries with data for 2024.
- Is external debt stocks as a proportion of gni rising or falling in Philippines?
- Over the last ten years it is up 10.7%. 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 External debt stocks as a proportion of GNI (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).