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Philippines – Debt Service

Name: Philippines Debt Service
Creator: World Bank
License: https://creativecommons.org/licenses/by/4.0/

Total debt service as a share of exports of goods, services, and primary income. Captures the burden of principal and interest payments on external debt. · World Bank

14.43% +2.17% from 2023 G20 rank: 63rd · all-time high: 43.89% (1982)

APA

Philippines Debt Service. HistorySaid. Retrieved March 10, 2026, from https://historysaid.com/philippines/debt-service

BibTeX

@misc{historysaid_philippines_debt-service,
  title = {Philippines Debt Service},
  url = {https://historysaid.com/philippines/debt-service},
  publisher = {HistorySaid},
  year = {2026}
}

Data & Projection▾

Year	Value	Change	Rank
2027* trend	15.39%	–	–
2026* trend	14.64%	–	–
2025* trend	13.89%	–	–
2024	14.43%	+2.17%	63rd
2023	12.26%	+3.67%	57th
2022	8.59%	−3.59%	38th
2021	12.18%	+1.46%	50th
2020	10.72%	+0.97%	38th
2019	9.76%	+0.04%	49th
2018	9.71%	−2.75%	49th
2017	12.46%	−0.53%	65th
2016	12.99%	−6.16%	63rd
2015	19.15%	+9.49%	87th
2014	9.67%	+1.08%	60th
2013	8.59%	−0.60%	61st
2012	9.19%	−8.05%	65th
2011	17.24%	−1.47%	95th
2010	18.71%	+0.60%	99th
2009	18.11%	−0.88%	90th
2008	18.99%	+3.54%	99th
2007	15.45%	−12.16%	81st
2006	27.61%	+2.87%	96th
2005	24.74%	−6.90%	94th
2004	31.64%	+0.29%	90th
2003	31.35%	−2.27%	87th
2002	33.62%	+0.14%	85th
2001	33.48%	+10.54%	84th
2000	22.94%	+0.51%	76th
1999	22.44%	+11.49%	75th
1998	10.95%	+1.48%	35th
1997	9.48%	−4.10%	35th
1996	13.58%	−2.74%	48th
1995	16.32%	−3.02%	52nd
1994	19.34%	−6.72%	61st
1993	26.07%	+1.22%	70th
1992	24.85%	+1.36%	61st
1991	23.50%	−4.06%	53rd
1990	27.55%	+1.41%	59th
1989	26.15%	−5.77%	52nd
1988	31.92%	−4.88%	57th
1987	36.80%	+2.50%	62nd
1986	34.30%	+2.29%	56th
1985	32.01%	−1.71%	60th
1984	33.72%	−3.51%	71st
1983	37.23%	−6.66%	71st
1982	43.89%	+9.28%	70th
1981	34.61%	+7.32%	64th
1980	27.29%	+1.97%	57th
1979	25.32%	−2.81%	56th
1978	28.13%	+12.47%	57th
1977	15.66%	–	40th

Show all years (1977–2024)

* Linear trend extrapolation from last 5 data points

Detected Pattern▾

Export Boom Cycle

Current account surplus with strong export growth (>15% YoY), reserve accumulation, and moderate GDP growth. Typical of commodity exporters during price surges.

Reserves YoY +11.5% GDP growth 6.9% C/A balance 2.7%

This pattern occurred 682 times in G20 history, 460 successful

United Arab Emirates 2024

Reserves YoY

+25.6%

GDP growth

4.0%

C/A balance

14.5%

Guatemala 2024

Reserves YoY

+14.6%

GDP growth

3.7%

C/A balance

2.9%

Cambodia 2024

Reserves YoY

+12.6%

GDP growth

6.0%

C/A balance

0.5%

Sri Lanka 2024

Reserves YoY

+38.3%

GDP growth

5.0%

C/A balance

1.2%

Lesotho 2024

Reserves YoY

+18.0%

GDP growth

2.9%

C/A balance

3.9%

Lithuania 2024

Reserves YoY

+20.1%

GDP growth

2.8%

C/A balance

3.3%

HistorySaid – pattern alert

Philippines matched the Export Boom Cycle pattern in 2012. Historically, 67% of countries showing this pattern (460 out of 682) saw debt service improve within 24 months. View full analysis →