Philippines Debt Service
Total debt service as % of exports DT.TDS.DECT.EX.ZS
Philippines's debt service was 13.89% in 2025, ranked 49th globally. This represents a 3.8% decrease from 2024. Data from World Bank, covering 1977–2025.
Overview
Philippines's debt service stood at 13.89% in 2025, a decline of +0.54% from 2024. Based on recent trends, this figure is projected to reach 13.89% by 2025. Philippines ranked 49th globally.
The Philippines' debt service ratio, as of 2025, stands at 13.89, ranking 49th globally. This figure represents a significant decline from its all-time peak of 43.89 in 1982, a year marked by economic instability in the country. Conversely, it is also lower than its 2022 trough of 8.59, indicating a recovery in the nation's debt management. In comparison, North Macedonia's debt service ratio was 13.91 in 2025, slightly surpassing the Philippines'. Notably, the Philippines' debt service ratio has improved over the years, despite facing economic challenges. The country's efforts to manage its debt and stabilize its economy have been reflected in this metric. The debt service ratio is likely to continue to fluctuate in the coming years, influenced by the nation's economic growth, interest rates, and the effectiveness of its debt management strategies. A sustained economic expansion and prudent fiscal policies could further reduce the debt service ratio, potentially pushing it closer to its 2022 trough.
Data & projection
| Year | Debt Service | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 15.39% | - | - |
| 2026* trend | 14.64% | - | - |
| 2025* trend | 13.89% | - | - |
| 2025 | 13.89% | −0.54% | #49 |
| 2024 | 14.43% | +2.17% | #63 |
| 2023 | 12.26% | +3.67% | #57 |
| 2022 | 8.59% | −3.59% | #38 |
| 2021 | 12.18% | +1.46% | #50 |
| 2020 | 10.72% | +0.97% | #38 |
| 2019 | 9.76% | +0.04% | #49 |
| 2018 | 9.71% | −2.75% | #49 |
| 2017 | 12.46% | −0.53% | #65 |
| 2016 | 12.99% | −6.16% | #63 |
| 2015 | 19.15% | +9.49% | #87 |
| 2014 | 9.67% | +1.08% | #60 |
| 2013 | 8.59% | −0.60% | #61 |
| 2012 | 9.19% | −8.05% | #65 |
| 2011 | 17.24% | −1.47% | #95 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw debt service improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's debt service was 13.89% in 2025. Ranked 49th globally. This represents a 3.8% decrease from the previous year.
Philippines's debt service peaked at 43.89% in 1982.
The lowest debt service in Philippines was 8.59% in 2022.
Philippines ranks 49th globally in debt service as of 2025.
The World Bank indicator code is DT.TDS.DECT.EX.ZS. Data sourced from World Bank.
Philippines's debt service is projected to reach 13.89% by 2025 based on trend extrapolation.
The debt service of Philippines in 2025 was 13.89%. This ranks 49th in the world.
Cite this page
@misc{historysaid_philippines_debt-service,
title = {Philippines Debt Service},
url = {https://historysaid.com/philippines/debt-service/},
publisher = {HistorySaid},
year = {2026}
}