Short-term debt in Philippines
Philippines: Short-term debt was 19.7% in 2024. ◆ Volatile
Latest (2024)
19.7%
Change on year
up 19.7%
World rank
67th
of 111 countries
All-time high
1,120.3%
in 1984
All-time low
9.1%
in 2009
Years of data
55
1970–2024
Short-term debt in Philippines, 1970–2024
Source: World Development Indicators, World Bank (WB). Measured in % of total reserves.
Analysis
In 2024, short-term debt in Philippines stood at 19.7%.
That represents a change of up 19.7% on the previous year and down 3.3% over ten years.
Over the whole period, short-term debt in Philippines peaked at 1,120.3% in 1984 and was at its lowest, 9.1%, in 2009.
Philippines ranks 67th of 111 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Philippines, year by year
| Year | % of total reserves | Change |
|---|---|---|
| 1970 | 228.8% | — |
| 1971 | 163.6% | -28.5% |
| 1972 | 118.1% | -27.8% |
| 1973 | 66.0% | -44.2% |
| 1974 | 53.0% | -19.7% |
| 1975 | 75.7% | +42.9% |
| 1976 | 92.2% | +21.8% |
| 1977 | 149.3% | +61.9% |
| 1978 | 183.5% | +23.0% |
| 1979 | 170.3% | -7.2% |
| 1980 | 189.9% | +11.5% |
| 1981 | 329.6% | +73.5% |
| 1982 | 650.7% | +97.4% |
| 1983 | 1,099.0% | +68.9% |
| 1984 | 1,120.3% | +1.9% |
| 1985 | 833.8% | -25.6% |
| 1986 | 206.1% | -75.3% |
| 1987 | 164.2% | -20.3% |
| 1988 | 178.2% | +8.5% |
| 1989 | 164.9% | -7.5% |
| 1990 | 217.4% | +31.9% |
| 1991 | 111.5% | -48.7% |
| 1992 | 98.5% | -11.6% |
| 1993 | 84.9% | -13.9% |
| 1994 | 80.0% | -5.7% |
| 1995 | 67.8% | -15.2% |
| 1996 | 67.7% | -0.2% |
| 1997 | 134.9% | +99.3% |
| 1998 | 54.0% | -59.9% |
| 1999 | 32.8% | -39.2% |
| 2000 | 36.5% | +11.0% |
| 2001 | 38.3% | +5.0% |
| 2002 | 34.1% | -11.0% |
| 2003 | 36.2% | +6.2% |
| 2004 | 31.1% | -14.1% |
| 2005 | 34.6% | +11.4% |
| 2006 | 21.8% | -37.0% |
| 2007 | 21.0% | -3.7% |
| 2008 | 18.7% | -11.1% |
| 2009 | 9.1% | -51.5% |
| 2010 | 16.9% | +86.3% |
| 2011 | 16.0% | -4.9% |
| 2012 | 19.6% | +22.4% |
| 2013 | 20.3% | +3.5% |
| 2014 | 20.4% | +0.4% |
| 2015 | 18.7% | -8.2% |
| 2016 | 18.0% | -3.8% |
| 2017 | 17.5% | -2.6% |
| 2018 | 20.3% | +15.7% |
| 2019 | 19.2% | -5.3% |
| 2020 | 12.9% | -32.8% |
| 2021 | 13.9% | +7.4% |
| 2022 | 17.3% | +24.7% |
| 2023 | 16.5% | -4.8% |
| 2024 | 19.7% | +19.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 130.0% | 53.0% | 228.8% | 10 |
| 1980s | 493.7% | 164.2% | 1,120.3% | 10 |
| 1990s | 94.9% | 32.8% | 217.4% | 10 |
| 2000s | 28.1% | 9.1% | 38.3% | 10 |
| 2010s | 18.7% | 16.0% | 20.4% | 10 |
| 2020s | 16.1% | 12.9% | 19.7% | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 5.5 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 1 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 4,171 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 5.9 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 57.51 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 239,837 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.4 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.9749 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is short-term debt in Philippines?
- Short-term debt in Philippines was 19.7% in 2024, according to World Development Indicators, World Bank (WB).
- What is the highest short-term debt recorded in Philippines?
- The highest recorded value was 1,120.3% in 1984.
- What is the lowest short-term debt recorded in Philippines?
- The lowest recorded value was 9.1% in 2009.
- How does Philippines rank for short-term debt?
- Philippines ranks 67th out of 111 countries with data for 2024.
- Is short-term debt rising or falling in Philippines?
- Over the last ten years it is down 3.3%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from World Development Indicators, World Bank (WB), published as part of Short-term debt (% of total reserves). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.