External Debt in Philippines
External debt was 27.5% of GDP in the Philippines in 2022, compared to 27.7% of GDP ten years earlier. External debt averaged USD 25.2% of GDP over the last decade, which was below the average for Asia-Pacific of 26.7%. For more external debt information, visit our dedicated page.
Philippines External Debt Chart
Note: This chart displays External Debt (% of GDP) for Philippines from 2014 to 2019.
Source: Macrobond.
Philippines External Debt Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| External Debt (% of GDP) | 22.2 | 27.2 | 27.0 | 27.5 | 28.7 |
| External Debt (USD bn) | 83.6 | 98.5 | 106.4 | 111.3 | 125.4 |