Philippines - Debt Service 2021
12.18%
+1.46% from 2020
Philippines's debt service was 12.18% in 2021, increased +1.46% from 10.72% in 2020. This was the 50th highest globally.
Global Ranking - 2021▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | 0.31% | -25.2% |
| 2nd | Iran, Islamic Republic of | 0.44% | -29.5% |
| 3rd | Algeria | 0.45% | -33.5% |
| 4th | Somalia, Fed. Rep. | 1.10% | -98.4% |
| 5th | Djibouti | 1.17% | -37.8% |
| 6th | Congo, Democratic Republic of | 1.43% | -26.1% |
| 7th | Guinea | 1.51% | -2.1% |
| 8th | Haiti | 1.85% | -31.5% |
| 9th | Botswana | 2.01% | -46.3% |
| 10th | Guyana | 2.36% | -49.4% |
| 11th | Solomon Islands | 2.45% | -62.5% |
| 12th | Comoros | 2.54% | -81.7% |
| 13th | Eswatini | 2.91% | -46.1% |
| 14th | São Tomé and Principe | 3.89% | -21.9% |
| 15th | Tonga | 4.88% | 22.0% |
| 16th | Madagascar | 4.94% | -1.7% |
| 17th | Iraq | 5.23% | -32.9% |
| 18th | Thailand | 5.24% | -36.9% |
| 19th | Mali | 5.27% | 9.9% |
| 20th | Central African Republic | 5.37% | 9.5% |
| 21st | Liberia | 5.67% | -43.2% |
| 22nd | Lesotho | 5.91% | 14.5% |
| 23rd | St. Lucia | 6.02% | -31.4% |
| 24th | Vanuatu | 6.06% | -6.0% |
| 25th | Viet Nam | 6.07% | 3.4% |
| 26th | Congo, Republic of | 6.37% | -53.3% |
| 27th | Malawi | 7.02% | -5.8% |
| 28th | Myanmar | 7.13% | 82.9% |
| 29th | Burkina Faso | 7.59% | -80.4% |
| 30th | Azerbaijan | 7.78% | -27.7% |
| 31st | India | 7.81% | -48.1% |
| 32nd | Chad | 8.15% | 27.8% |
| 33rd | Paraguay | 8.38% | -9.3% |
| 34th | Belarus | 8.62% | -23.5% |
| 35th | China | 8.69% | -5.5% |
| 36th | Togo | 8.86% | 65.2% |
| 37th | Burundi | 9.07% | -25.8% |
| 38th | Zimbabwe | 9.23% | -50.6% |
| 39th | Nepal | 9.85% | -19.2% |
| 40th | Côte d'Ivoire | 10.32% | -42.7% |
| 41st | Grenada | 10.33% | -7.2% |
| 42nd | Guatemala | 10.39% | -59.1% |
| 43rd | Bulgaria | 10.84% | -10.9% |
| 44th | Fiji | 10.89% | -49.7% |
| 45th | Cambodia | 11.22% | 54.0% |
| 46th | Sierra Leone | 11.40% | -33.8% |
| 47th | Bangladesh | 11.44% | 9.4% |
| 48th | Kosovo | 11.78% | -37.2% |
| 49th | Tajikistan | 11.92% | -1.8% |
| 50th | Philippines | 12.18% | 13.6% |
| 51st | Cabo Verde | 12.26% | -13.6% |
| 52nd | Mauritania | 12.38% | 24.0% |
| 53rd | Ghana | 13.37% | 5.0% |
| 54th | Niger | 13.59% | 2.3% |
| 55th | Peru | 13.67% | -19.8% |
| 56th | Bosnia and Herzegovina | 13.69% | 57.6% |
| 57th | Moldova | 13.78% | -21.4% |
| 58th | Morocco | 13.81% | -0.3% |
| 59th | Uganda | 13.94% | 2.9% |
| 60th | Bolivia, Plurinational State of | 14.01% | -10.0% |
| 61st | Guinea-Bissau | 14.43% | -36.5% |
| 62nd | Mexico | 14.47% | -8.0% |
| 63rd | Albania | 14.57% | -51.0% |
| 64th | Zambia | 14.65% | -38.5% |
| 65th | Honduras | 14.67% | -38.4% |
| 66th | Nigeria | 15.11% | 15.4% |
| 67th | Ukraine | 15.18% | -36.4% |
| 68th | Gabon | 15.40% | -46.9% |
| 69th | Russian Federation | 15.90% | -38.5% |
| 70th | Samoa | 16.34% | -16.2% |
| 71st | North Macedonia | 16.45% | 0.0% |
| 72nd | Dominican Republic | 16.72% | -58.6% |
| 73rd | Kenya | 16.78% | -30.9% |
| 74th | Suriname | 17.06% | -8.7% |
| 75th | Serbia | 17.12% | -10.6% |
| 76th | Bhutan | 17.32% | 98.1% |
| 77th | Benin | 17.33% | 146.1% |
| 78th | Kyrgyz Republic | 17.90% | -31.9% |
| 79th | Tanzania | 18.58% | 15.2% |
| 80th | South Africa | 18.72% | -31.3% |
| 81st | Mauritius | 19.47% | -8.4% |
| 82nd | Dominica | 19.80% | -25.1% |
| 83rd | Maldives | 20.07% | 15.0% |
| 84th | Senegal | 20.70% | -11.4% |
| 85th | Jordan | 21.39% | -21.8% |
| 86th | Ecuador | 22.43% | -45.4% |
| 87th | St. Vincent and the Grenadines | 23.32% | 3.7% |
| 88th | Nicaragua | 24.23% | -27.6% |
| 89th | Türkiye | 25.34% | -37.8% |
| 90th | Cameroon | 25.56% | 22.5% |
| 91st | Uzbekistan | 26.01% | 30.1% |
| 92nd | Indonesia | 26.22% | -28.8% |
| 93rd | Mongolia | 28.99% | -13.0% |
| 94th | Gambia, The | 29.00% | 30.7% |
| 95th | Jamaica | 29.09% | -43.1% |
| 96th | Rwanda | 29.11% | 99.1% |
| 97th | Lao PDR | 29.18% | 107.5% |
| 98th | Angola | 29.25% | -19.3% |
| 99th | Georgia | 29.46% | -17.2% |
| 100th | Tunisia | 30.26% | 9.3% |
| 101st | Argentina | 30.60% | -29.0% |
| 102nd | Egypt, Arab Republic of | 31.09% | 1.5% |
| 103rd | Sri Lanka | 31.48% | -17.2% |
| 104th | Pakistan | 33.93% | -14.1% |
| 105th | Armenia | 34.93% | -23.4% |
| 106th | Papua New Guinea | 36.45% | 24.6% |
| 107th | Montenegro | 37.85% | -16.1% |
| 108th | Kazakhstan | 44.25% | -30.9% |
| 109th | Colombia | 44.62% | -12.1% |
| 110th | Sudan | 45.22% | 1,470.7% |
| 111th | Brazil | 46.73% | -7.2% |
| 112th | Belize | 58.93% | 434.6% |
| 113th | Lebanon | 62.52% | -41.4% |
| 114th | El Salvador | 67.88% | -17.2% |
| 115th | Mozambique | 103.73% | 354.6% |
FAQ
What was Philippines's debt service in 2021?▾
Philippines's debt service in 2021 was 12.18%. This ranked 50th globally.
How did Philippines's debt service change in 2021?▾
Philippines's debt service increased by 13.6% in 2021 compared to 2020.
Which country had the highest debt service in 2021?▾
Mozambique had the highest debt service in 2021 at 103.73%.
What is the debt service of Philippines in 2021?▾
The debt service of Philippines in 2021 was 12.18%. This ranked 50th globally.
How does 2021 compare to 2020 for Philippines's debt service?▾
Philippines's debt service went from 10.72% in 2020 to 12.18% in 2021, a 13.6% increase.
Related
2020
2022
All years
Full ranking 2021
External Debt
External Debt to GNI
Short-term Debt
Domestic Credit
Interest Payments to Revenue
Peak: 1982
Lowest: 2022
Debt Service 1990s
Debt Service 2000s
Debt Service 2010s
Debt Service 2020s
Highest ever
Lowest ever
Average
vs Bhutan
vs Djibouti
vs Eswatini
vs Sri Lanka
ASEAN Debt Service
Global Ranking