Philippines External Debt
Total external debt stocks DT.DOD.DECT.CD
Philippines's external debt was $143.9B in 2025, ranked 15th globally. This represents a 5.1% increase from 2024. Data from World Bank, covering 1970–2025.
Overview
Philippines's external debt stood at $143.9B in 2025, a rise of +$6.9B from 2024. Based on recent trends, this figure is projected to reach $143.9B by 2025. Philippines ranked 15th globally.
The Philippines' external debt has experienced significant growth over the past five decades, with the latest figure standing at 143,940,308,583.20, ranking 15th globally. This represents a substantial increase from the all-time trough of 2,196,027,768.60 in 1970, marking a 65,563 percent expansion. In comparison, Kazakhstan, which ranks 14th in external debt, has a slightly higher figure of 167,189,245,980.09. The Philippines' external debt peaked in 2025, coinciding with the global economic challenges posed by the COVID-19 pandemic and subsequent economic downturns. As the country continues to navigate its debt obligations, a sustained economic recovery, coupled with strategic debt restructuring and investments in sectors driving growth, is crucial to altering the trajectory of its external debt trajectory.
Data & projection
| Year | External Debt | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $162.9B | - | - |
| 2026* trend | $153.4B | - | - |
| 2025* trend | $143.9B | - | - |
| 2025 | $143.9B | +$6.9B | #15 |
| 2024 | $137.0B | +$12.5B | #104 |
| 2023 | $124.5B | +$13.7B | #103 |
| 2022 | $110.8B | +$4.1B | #104 |
| 2021 | $106.6B | +$8.1B | #104 |
| 2020 | $98.5B | +$14.1B | #104 |
| 2019 | $84.4B | +$5.1B | #104 |
| 2018 | $79.2B | +$5.6B | #103 |
| 2017 | $73.6B | −$1.7B | #103 |
| 2016 | $75.3B | −$4.4B | #106 |
| 2015 | $79.7B | +$1.0B | #106 |
| 2014 | $78.7B | +$2.0B | #105 |
| 2013 | $76.7B | +$8.7B | #105 |
| 2012 | $68.1B | +$2.3B | #105 |
| 2011 | $65.8B | +$423.8M | #104 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw external debt improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's external debt was $143.9B in 2025. Ranked 15th globally. This represents a 5.1% increase from the previous year.
Philippines's external debt peaked at $143.9B in 2025.
The lowest external debt in Philippines was $2.2B in 1970.
Philippines ranks 15th globally in external debt as of 2025.
The World Bank indicator code is DT.DOD.DECT.CD. Data sourced from World Bank.
Philippines's external debt is projected to reach $143.9B by 2025 based on trend extrapolation.
Philippines's external debt was approximately 143.94 billion ($143.9B) in 2025.
The external debt of Philippines in 2025 was $143.9B. This ranks 15th in the world.
Cite this page
@misc{historysaid_philippines_external-debt,
title = {Philippines External Debt},
url = {https://historysaid.com/philippines/external-debt/},
publisher = {HistorySaid},
year = {2026}
}