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National debt of the Philippines

The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).[1]

  • Total outstanding debt: Negative increase ₱16.02 trillion ($276.27 billion) (61.3% of GDP) (October 2024)[1]
    ∟Domestic debt: Negative increase ₱10.89 trillion ($187.80 billion) (41.6% of GDP) (October 2024)[1]
    ∟External debt: Negative increase ₱5.13 trillion ($88.47 billion) (19.6% of GDP) (October 2024)[1]
  • Gross external debt:Negative increase $111.3 billion (27.5% of GDP) (F.Y. 2021-22)[2][3]

General Government Debt

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General Government Debt of the Philippines in billions of pesos[4]
Fiscal year Domestic Foreign National Government Debt General Government Debt % of GDP GDP
2005   2,164.3   1,723.9   3,888.2   3,359.5   56.8%   5,917.3
2006   2,154.1   1,697.4   3,851.5   3,230.0   49.3%   6,550.4
2007   2,201.2   1,511.3   3,712.5   3,044.2   42.3%   7,198.2
2008   2,414.4   1,806.5   4,220.9   3,406.5   49.3%   8,050.2
2009   2,470.0   1,926.6   4,396.6   3,555.7   42.4%   8,390.4
2010   2,718.2   2,000.0   4,718.2   3,854.7   41.0%   9,399.5
2011   2,873.4   2,077.8   4,951.2   4,020.4   39.6%   10,144.7
2012   3,468.4   1,968.7   5,437.1   4,288.7   38.8%   11,060.6
2013   3,733.4   1,947.7   5,681.2   5,012.0   37.6%   12,050.6
2014   3,820.6   1,914.6   5,735.2   5,099.3   34.8%   13,206.8
2015   3,884.4   2,070.2   5,954.5   5,338.2   34.6%   13,994.2
2016   3,934.1   2,156.2   6,090.3   5,547.8   33.2%   15,132.4
2017   4,441.3   2,211.2   6,652.4   6,221.4   34.9%   16,556.7
2018   4,776.9   2,515.6   7,292.5   6,887.3   34.4%   18,265.2
2019[5]   5,128.0   2,604.0   7,731.3   7,227.7   39.6%   19,516.4
2020[5]   7,077.0   2,950.0   9,795.0   9,269.2   53.9%   17,937.6
2021[6]   8,170.4   3,558.1   11,728.5   11,167.6   58.1%   19,390
2022   9,208.4   4,210.5   13,418.9   12,887.9   60.9%   22,023
2023   9,700.0   4,450.0   14,150.0   58.3%   24,276

References

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  1. ^ a b c d Cabuenas, Jon Viktor D. (December 3, 2024). "Philippines debt hits P16 trillion as of end-October 2024". GMA News Online. Retrieved December 9, 2024.
  2. ^ "BSP External Debt FAQs" (PDF). Bangko Sentral ng Pilipinas. Archived from the original on March 13, 2023. Retrieved January 1, 2023.
  3. ^ "Philippines external debt hits record high $111.3 billion in 2022". Philippine Star. Retrieved March 20, 2023.
  4. ^ "General Government Debt". Department of Finance. Retrieved December 9, 2024.
  5. ^ a b "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
  6. ^ "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online. June 2, 2022. Retrieved June 2, 2022.
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