External debt stocks, total in Philippines
Philippines: External debt stocks, total was 137.02 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
137.02 billion DOD, current US$
Change on year
up 10.1%
World rank
15th
of 122 countries
All-time high
137.02 billion DOD, current US$
in 2024
All-time low
2.20 billion DOD, current US$
in 1970
Years of data
55
1970–2024
External debt stocks, total in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
In 2024, external debt stocks, total in Philippines stood at 137.02 billion DOD, current US$. That is the highest value across all 55 years on record.
The figure is up 10.1% on the previous year and up 74.1% over ten years.
Over the whole period, external debt stocks, total in Philippines peaked at 137.02 billion DOD, current US$ in 2024 and was at its lowest, 2.20 billion DOD, current US$, in 1970.
That places Philippines 15th out of 122 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, total in Philippines, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 2.20 billion DOD, current US$ | — |
| 1971 | 2.42 billion DOD, current US$ | +10.2% |
| 1972 | 2.67 billion DOD, current US$ | +10.4% |
| 1973 | 2.76 billion DOD, current US$ | +3.4% |
| 1974 | 3.31 billion DOD, current US$ | +19.7% |
| 1975 | 4.17 billion DOD, current US$ | +26.2% |
| 1976 | 6.04 billion DOD, current US$ | +44.8% |
| 1977 | 8.18 billion DOD, current US$ | +35.5% |
| 1978 | 10.77 billion DOD, current US$ | +31.6% |
| 1979 | 13.28 billion DOD, current US$ | +23.3% |
| 1980 | 17.42 billion DOD, current US$ | +31.1% |
| 1981 | 20.79 billion DOD, current US$ | +19.3% |
| 1982 | 24.41 billion DOD, current US$ | +17.4% |
| 1983 | 24.21 billion DOD, current US$ | -0.8% |
| 1984 | 24.36 billion DOD, current US$ | +0.6% |
| 1985 | 26.64 billion DOD, current US$ | +9.4% |
| 1986 | 28.20 billion DOD, current US$ | +5.9% |
| 1987 | 29.78 billion DOD, current US$ | +5.6% |
| 1988 | 28.93 billion DOD, current US$ | -2.9% |
| 1989 | 28.65 billion DOD, current US$ | -1.0% |
| 1990 | 30.58 billion DOD, current US$ | +6.7% |
| 1991 | 32.49 billion DOD, current US$ | +6.3% |
| 1992 | 33.22 billion DOD, current US$ | +2.2% |
| 1993 | 36.14 billion DOD, current US$ | +8.8% |
| 1994 | 40.25 billion DOD, current US$ | +11.4% |
| 1995 | 39.37 billion DOD, current US$ | -2.2% |
| 1996 | 43.99 billion DOD, current US$ | +11.7% |
| 1997 | 50.70 billion DOD, current US$ | +15.2% |
| 1998 | 53.59 billion DOD, current US$ | +5.7% |
| 1999 | 58.47 billion DOD, current US$ | +9.1% |
| 2000 | 58.44 billion DOD, current US$ | -0.0% |
| 2001 | 58.39 billion DOD, current US$ | -0.1% |
| 2002 | 60.05 billion DOD, current US$ | +2.8% |
| 2003 | 62.74 billion DOD, current US$ | +4.5% |
| 2004 | 61.12 billion DOD, current US$ | -2.6% |
| 2005 | 58.67 billion DOD, current US$ | -4.0% |
| 2006 | 57.59 billion DOD, current US$ | -1.8% |
| 2007 | 59.16 billion DOD, current US$ | +2.7% |
| 2008 | 58.26 billion DOD, current US$ | -1.5% |
| 2009 | 55.97 billion DOD, current US$ | -3.9% |
| 2010 | 65.34 billion DOD, current US$ | +16.7% |
| 2011 | 65.77 billion DOD, current US$ | +0.6% |
| 2012 | 68.07 billion DOD, current US$ | +3.5% |
| 2013 | 76.73 billion DOD, current US$ | +12.7% |
| 2014 | 78.70 billion DOD, current US$ | +2.6% |
| 2015 | 79.70 billion DOD, current US$ | +1.3% |
| 2016 | 75.28 billion DOD, current US$ | -5.5% |
| 2017 | 73.60 billion DOD, current US$ | -2.2% |
| 2018 | 79.22 billion DOD, current US$ | +7.6% |
| 2019 | 84.37 billion DOD, current US$ | +6.5% |
| 2020 | 98.50 billion DOD, current US$ | +16.8% |
| 2021 | 106.64 billion DOD, current US$ | +8.3% |
| 2022 | 110.78 billion DOD, current US$ | +3.9% |
| 2023 | 124.47 billion DOD, current US$ | +12.4% |
| 2024 | 137.02 billion DOD, current US$ | +10.1% |
Philippines compared with similar countries
- Philippines's 137.02 billion DOD, current US$ is above the median for upper middle income countries, which is 18.94 billion DOD, current US$, 7.2× the median. (52 countries reporting)
- Philippines's 137.02 billion DOD, current US$ is above the median for East Asia & Pacific, which is 15.35 billion DOD, current US$, 8.9× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.58 billion DOD, current US$ | 2.20 billion DOD, current US$ | 13.28 billion DOD, current US$ | 10 |
| 1980s | 25.34 billion DOD, current US$ | 17.42 billion DOD, current US$ | 29.78 billion DOD, current US$ | 10 |
| 1990s | 41.88 billion DOD, current US$ | 30.58 billion DOD, current US$ | 58.47 billion DOD, current US$ | 10 |
| 2000s | 59.04 billion DOD, current US$ | 55.97 billion DOD, current US$ | 62.74 billion DOD, current US$ | 10 |
| 2010s | 74.68 billion DOD, current US$ | 65.34 billion DOD, current US$ | 84.37 billion DOD, current US$ | 10 |
| 2020s | 115.48 billion DOD, current US$ | 98.50 billion DOD, current US$ | 137.02 billion DOD, current US$ | 5 |
Countries ranked near Philippines
- 12 South Africa 175.90 billion DOD, current US$ compare
- 13 Kazakhstan 167.53 billion DOD, current US$ compare
- 14 Egypt 155.97 billion DOD, current US$ compare
- 16 Vietnam 132.91 billion DOD, current US$ compare
- 17 Pakistan 129.72 billion DOD, current US$ compare
- 18 Nigeria 108.76 billion DOD, current US$ 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$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is external debt stocks, total in Philippines?
- External debt stocks, total in Philippines was 137.02 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, total recorded in Philippines?
- The highest recorded value was 137.02 billion DOD, current US$ in 2024.
- What is the lowest external debt stocks, total recorded in Philippines?
- The lowest recorded value was 2.20 billion DOD, current US$ in 1970.
- How does Philippines rank for external debt stocks, total?
- Philippines ranks 15th out of 122 countries with data for 2024.
- Is external debt stocks, total rising or falling in Philippines?
- Over the last ten years it is up 74.1%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, total (DOD, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.