Philippines External Debt: Short Term: % of GDP

2005 - 2020 | Yearly | % | CEIC Data

Key information about Philippines`s External Debt: Short Term: % of GDP

  • Philippines External Debt: Short Term accounted for 3.9 % of the country's Nominal GDP in 2020, compared with the ratio of 4.6 % in the previous year.
  • Philippines External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2005 to 2020.
  • The data reached an all-time high of 8.6 % in 2005 and a record low of 3.7 % in 2009.

CEIC calculates Short Term External Debt as % of Nominal GDP from annual Short Term External Debt and annual Nominal GDP. Bangko Sentral ng Pilipinas provides Short Term External Debt in USD. Philippine Statistics Authority provides Nominal GDP in local currency. Bangko Sentral ng Pilipinas average market exchange rate is used for currency conversions.


Related information about Philippines`s External Debt: Short Term: % of GDP

  • In the latest reports of Philippines, Current Account recorded a deficit of 455.0 USD mn in Jun 2021.
  • Foreign Direct Investment (FDI) increased by 833.0 USD mn in Jun 2021.
  • Philippines Direct Investment Abroad expanded by 373.2 USD mn in Jun 2021.
  • Its Foreign Portfolio Investment increased by 2.1 USD bn in Jun 2021.
  • Philippines External Debt: Short Term value stood at 14.1 USD bn in Dec 2020.
  • The country's Nominal GDP was reported at 106.8 USD bn in Dec 2020.

View Philippines's External Debt: Short Term: % of GDP from 2005 to 2020 in the chart:

Philippines External Debt: Short Term: % of GDP

What was Philippines's External Debt: Short Term: % of GDP in 2020?

Philippines External Debt: Short Term accounted for 3.9 % of the country's Nominal GDP in 2020, compared with the ratio of 4.6 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.9 2020 4.6 2019 3.7 2009 8.6 2005 % yearly 2005 - 2020

External Debt: Short Term: % of GDP by Country Comparison

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Includes External Debt: Short Term: % of GDP on 97 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 4.2 2020 yearly 1991 - 2020
Algeria (%) 1.3 2019 yearly 1977 - 2019
Argentina (%) 18.6 2020 yearly 2003 - 2020
Armenia (%) 12.7 2020 yearly 2000 - 2020
Australia (%) 21.3 2020 yearly 1988 - 2020
Austria (%) 41.5 2020 yearly 1997 - 2020
Azerbaijan (%) 1.3 2019 yearly 1993 - 2019
Bangladesh (%) 3.0 2020 yearly 2012 - 2020
Belarus (%) 17.0 Dec 2020 quarterly Dec 2000 - Dec 2020
Belgium (%) 85.7 2020 yearly 2007 - 2020
Bolivia (%) 0.0 2019 yearly 2000 - 2019
Bosnia and Herzegovina (%) 1.8 2019 yearly 1999 - 2019
Botswana (%) 0.8 2019 yearly 1994 - 2019
Brazil (%) 4.8 2020 yearly 1999 - 2020
Bulgaria (%) 10.0 2020 yearly 1999 - 2020
Canada (%) 52.6 2020 yearly 1990 - 2020
Chile (%) 7.9 2020 yearly 1971 - 2020
China (%) 8.9 2020 yearly 1985 - 2020
Colombia (%) 8.0 2020 yearly 1970 - 2020
Croatia (%) 15.2 2020 yearly 1999 - 2020
Cyprus (%) 177.8 2020 yearly 2008 - 2020
Czech Republic (%) 42.6 2020 yearly 1995 - 2020
Denmark (%) 68.2 2020 yearly 2005 - 2020
Ecuador (%) 0.9 2020 yearly 1970 - 2020
Egypt (%) 3.0 2020 yearly 1990 - 2020
Estonia (%) 28.7 2020 yearly 1996 - 2020
Finland (%) 83.4 2020 yearly 1991 - 2020
France (%) 113.6 2020 yearly 2004 - 2020
Georgia (%) 14.6 2020 yearly 2006 - 2020
Germany (%) 60.7 2020 yearly 2004 - 2020
Greece (%) 89.8 2020 yearly 2003 - 2020
Hong Kong SAR, China (%) 338.4 2020 yearly 2001 - 2020
Hungary (%) 12.9 2020 yearly 1995 - 2020
Iceland (%) 3.5 2020 yearly 1989 - 2020
India (%) 3.8 2021 yearly 1990 - 2021
Indonesia (%) 4.1 2020 yearly 2003 - 2020
Iran (%) 0.2 2021 yearly 1994 - 2021
Ireland (%) 173.2 2020 yearly 2002 - 2020
Israel (%) 11.0 2020 yearly 2000 - 2020
Italy (%) 53.9 2020 yearly 2002 - 2020
Ivory Coast (%) 1.5 2019 yearly 1970 - 2019
Japan (%) 65.9 2020 yearly 2003 - 2020
Jordan (%) 36.4 2020 yearly 2000 - 2020
Kazakhstan (%) 5.8 2020 yearly 1992 - 2020
Kenya (%) 2.7 2019 yearly 1996 - 2019
South Korea (%) 9.7 2020 yearly 1994 - 2020
Kosovo (%) 11.6 2020 yearly 2007 - 2020
Kyrgyzstan (%) 6.8 2020 yearly 2003 - 2020
Latvia (%) 55.7 2020 yearly 2000 - 2020
Lithuania (%) 21.9 2020 yearly 2004 - 2020
Luxembourg (%) 1,316.4 2020 yearly 2002 - 2020
North Macedonia (%) 16.9 2020 yearly 2004 - 2020
Malawi (%) 0.6 2019 yearly 2002 - 2019
Malaysia (%) 25.9 2020 yearly 2009 - 2020
Malta (%) 166.2 2020 yearly 2004 - 2020
Mauritius (%) 57.6 2020 yearly 2009 - 2020
Mexico (%) 5.0 2020 yearly 2002 - 2020
Moldova (%) 19.9 2020 yearly 2000 - 2020
Mongolia (%) 21.1 2019 yearly 1992 - 2019
Montenegro (%) 5.0 2019 yearly 2007 - 2019
Morocco (%) 6.7 2020 yearly 1970 - 2020
Mozambique (%) 10.8 2019 yearly 1984 - 2019
Netherlands (%) 187.3 2020 yearly 2003 - 2020
New Zealand (%) 33.8 2020 yearly 2000 - 2020
Nigeria (%) 0.1 2018 yearly 2008 - 2018
Norway (%) 64.7 2020 yearly 2012 - 2020
Pakistan (%) 1.4 2021 yearly 2006 - 2021
Palestinian Territory (%) 9.0 2018 yearly 2013 - 2018
Panama (%) 67.4 2020 yearly 1970 - 2020
Paraguay (%) 12.7 2020 yearly 2002 - 2020
Peru (%) 4.7 2020 yearly 1980 - 2020
Philippines (%) 3.9 2020 yearly 2005 - 2020
Poland (%) 9.8 2020 yearly 2004 - 2020
Portugal (%) 78.9 2020 yearly 1996 - 2020
Romania (%) 15.3 2020 yearly 2004 - 2020
Russia (%) 4.2 2020 yearly 2001 - 2020
Serbia (%) 4.2 2019 yearly 2000 - 2019
Singapore (%) 320.5 2020 yearly 2003 - 2020
Slovakia (%) 59.5 2020 yearly 2006 - 2020
Slovenia (%) 24.2 2020 yearly 2001 - 2020
South Africa (%) 8.3 2020 yearly 1994 - 2020
Spain (%) 78.7 2020 yearly 2000 - 2020
Sri Lanka (%) 10.2 2020 yearly 1994 - 2020
Sudan (%) 12.8 2019 yearly 1970 - 2019
Sweden (%) 53.3 2020 yearly 1997 - 2020
Switzerland (%) 157.1 2020 yearly 1999 - 2020
Taiwan (%) 26.2 2020 yearly 1999 - 2020
Tajikistan (%) 16.3 2019 yearly 1993 - 2019
Thailand (%) 14.9 2020 yearly 1980 - 2020
Tunisia (%) 26.1 2020 yearly 2002 - 2020
Turkey (%) 15.9 2020 yearly 1989 - 2020
Ukraine (%) 11.1 2020 yearly 2009 - 2020
United Kingdom (%) 217.4 2020 yearly 1979 - 2020
United States (%) 34.4 2020 yearly 2003 - 2020
Uruguay (%) 12.1 2020 yearly 1999 - 2020
Venezuela (%) 0.2 2017 yearly 1997 - 2017
Yemen (%) 1.8 2017 yearly 1991 - 2017

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Philippines Key Series

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Includes 260 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.6 Dec 2020 quarterly Dec 1985 - Dec 2020
Consolidated Fiscal Balance (USD mn) -3,941.220 Mar 2021 monthly Jan 1985 - Mar 2021
Tax Revenue (USD mn) 4,790.114 Aug 2021 monthly Jan 1985 - Aug 2021
Tax Revenue: % of GDP (%) 14.4 Mar 2021 quarterly Mar 1985 - Mar 2021
National Government Debt (USD mn) 232,664.2 Aug 2021 monthly Jan 1993 - Aug 2021
Government Debt: % of GDP (%) 54.6 Dec 2020 quarterly Mar 1993 - Dec 2020
Forecast: Government Expenditure (PHP bn) 6,931.970 2026 yearly 1989 - 2026
Forecast: Government Net Debt (PHP bn) 16,741.760 2026 yearly 1993 - 2026
Forecast: Government Revenue (PHP bn) 6,215.560 2026 yearly 1989 - 2026
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 1,510,104.000 Aug 2021 monthly Jan 2006 - Aug 2021
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 7,500,582.000 Aug 2021 monthly Jan 2006 - Aug 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 6.374 2026 yearly 1980 - 2026
Trade Balance (USD mn) -3,577.0 Aug 2021 monthly Jan 1957 - Aug 2021
Total Exports (USD mn) 5,308.7 Feb 2021 monthly Jan 1979 - Feb 2021
Total Exports Growth (%) 17.6 Aug 2021 monthly Jan 1980 - Aug 2021
Aluminum: Exports (USD th) 35,088.964 2020 yearly 1997 - 2020
Exports: Medicament (USD th) 37,261.055 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 9,074.646 2020 yearly 1995 - 2020
Total Imports (USD mn) 8,448.9 Apr 2021 monthly Jan 1979 - Apr 2021
Total Imports Growth (%) 30.8 Aug 2021 monthly Jan 1980 - Aug 2021
Imports: Medicament (USD th) 1,133,224.357 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 477,945.320 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 915.536 Dec 2020 monthly Jan 1978 - Dec 2020
Total Imports from USA (USD mn) 481.150 Feb 2021 monthly Jan 1986 - Feb 2021
Total Exports to China (USD mn) 953.227 Apr 2021 monthly Jan 1984 - Apr 2021
Total Imports from China (USD mn) 2,211.877 Mar 2021 monthly Jan 1986 - Mar 2021
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 373.2 Jun 2021 monthly Jan 2005 - Jun 2021
Current Account Balance (USD mn) -455.0 Jun 2021 monthly Jan 1999 - Jun 2021
Current Account Balance: % of GDP (%) -1.2 Jun 2021 quarterly Mar 1981 - Jun 2021
Foreign Direct Investment (USD mn) 1,263.1 Jul 2021 monthly Jan 2005 - Jul 2021
Foreign Direct Investment: % of GDP (%) 1.4 Dec 2020 quarterly Mar 2005 - Dec 2020
Foreign Portfolio Investment (USD mn) 2,074.840 Jun 2021 quarterly Mar 2005 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) 3.3 Dec 2020 quarterly Dec 1980 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) -505.3 Dec 2020 quarterly Mar 1996 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 4,069.252 Dec 2020 quarterly Mar 1977 - Dec 2020
External Debt (USD mn) 101,185.8 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: % of GDP (%) 27.2 2020 yearly 1990 - 2020
External Debt: Short Term (USD mn) 14,133.8 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: Short Term: % of GDP (%) 3.9 2020 yearly 2005 - 2020
Forecast: Current Account Balance (USD bn) -12.919 2026 yearly 1980 - 2026
Net International Investment Position (USD mn) -20,181.924 Dec 2020 quarterly Dec 2012 - Dec 2020
BoP: Change in Reserve Assets: Debit (USD mn) -329.592 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 832.955 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: Financial Account (FA) (USD mn) -2,379.742 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Secondary Income (USD mn) 2,501.203 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 836.248 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Export (USD mn) 11,149.987 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: Current Account (CA) (USD mn) -455.044 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 373.213 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Credit: Receipts (USD mn) 7.481 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Goods (USD mn) -4,284.446 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Debit: Payments (USD mn) 0.953 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Services (USD mn) 953.146 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Direct Investment (DI) (USD mn) -459.741 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Financial Derivatives (FD) (USD mn) -54.135 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Primary Income (USD mn) 375.053 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -112.090 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Goods: Debit: Import (USD mn) 9,105.146 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -57.955 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 458.707 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Other Investments (OI) (USD mn) -2,777.261 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -1,941.013 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Net Incurrence of Liabilities (USD mn) 2,069.955 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Goods: Credit: Export (USD mn) 4,820.700 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: Capital Account (CA) (USD mn) 6.527 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Import (USD mn) 11,605.031 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,584.789 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Primary Income: Debit: Payments (USD mn) 624.747 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Services: Credit: Export (USD mn) 2,744.697 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,370.103 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Secondary Income: Debit: Payments (USD mn) 83.585 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Services: Debit: Import (USD mn) 1,791.551 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Net Acquisition of Financial Assets (USD mn) -309.787 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: FA: Portfolio Investment (PI) (USD mn) 911.396 Jun 2021 monthly Jan 2005 - Jun 2021
BoP: CA: Primary Income: Credit: Receipts (USD mn) 999.801 Jun 2021 monthly Jan 2005 - Jun 2021
External Debt: Medium and Long Term (USD mn) 87,051.996 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: By Country Profile: Country: Germany (USD mn) 1,166.130 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: By Country Profile: Country: France (USD mn) 977.869 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: By Country Profile: Country: Japan (USD mn) 15,205.638 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: By Country Profile: Country: UK (USD mn) 2,299.189 Jun 2021 quarterly Mar 2005 - Jun 2021
External Debt: By Country Profile: Country: USA (USD mn) 3,251.866 Jun 2021 quarterly Mar 2005 - Jun 2021
FDI: Approved: Real Estate Activities (PHP mn) 507.797 Jun 2021 quarterly Mar 2010 - Jun 2021
FDI: Approved: Transportation & Storage (PHP mn) 68.063 Jun 2021 quarterly Mar 2010 - Jun 2021
FDI: Approved: Information & Communication (PHP mn) 12,534.379 Jun 2021 quarterly Mar 2010 - Jun 2021
FDI: Approved: Administrative & Support Services (PHP mn) 2,046.924 Jun 2021 quarterly Mar 2010 - Jun 2021
FDI: Approved: Manufacturing (PHP mn) 2,274.633 Jun 2021 quarterly Mar 2010 - Jun 2021
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.0 Feb 2021 monthly Jan 2013 - Feb 2021
Household Debt: % of GDP (%) 11.1 Dec 2020 quarterly Mar 2009 - Dec 2020
Non-Performing Loans (USD mn) 9,949.553 Jun 2021 quarterly Mar 2013 - Jun 2021
Money Supply M1 (USD mn) 113,578.171 Aug 2021 monthly Dec 1988 - Aug 2021
Money Supply M2 (USD mn) 275,782.307 Aug 2021 monthly Dec 1988 - Aug 2021
M2 Growth (%) 8.1 Aug 2021 monthly Dec 1989 - Aug 2021
Reserve Requirement Ratio (%) 12.0 Sep 2021 monthly May 1986 - Sep 2021
Foreign Exchange Reserves (USD mn) 93,513.3 Sep 2021 monthly Jan 1960 - Sep 2021
Foreign Exchange Reserves: Months of Import (NA) 9.9 Jul 2021 monthly Jan 1979 - Jul 2021
Gold Reserves (USD mn) 9,155.094 Aug 2021 monthly Dec 1956 - Aug 2021
Total Deposits (USD mn) 316,127.634 Jun 2021 quarterly Mar 2008 - Jun 2021
Total Deposits Growth (%) 9.0 Dec 2020 quarterly Mar 2009 - Dec 2020
Domestic Credit (USD mn) 285,668.5 Aug 2021 monthly Dec 2001 - Aug 2021
Domestic Credit Growth (%) 6.7 Aug 2021 monthly Dec 2002 - Aug 2021
Household Debt (USD mn) 39,981.1 Jun 2021 quarterly Mar 2009 - Jun 2021
Total Loans (USD mn) 189,296.297 Feb 2021 monthly Jan 1993 - Feb 2021
Total Loans Growth (%) -2.89 Apr 2021 monthly Jan 1994 - Apr 2021
Private Debt: % of Nominal GDP (%) 51.89 Dec 2020 quarterly Dec 2001 - Dec 2020
DCS: LA: M4: M3: M2: M1 (PHP mn) 5,683,451.700 Aug 2021 monthly Dec 2001 - Aug 2021
DCS: LA: M4: M3 (PHP mn) 14,449,777.192 Aug 2021 monthly Dec 2001 - Aug 2021
DCS: LA: M4: M3: M2 (PHP mn) 13,800,146.632 Aug 2021 monthly Dec 2001 - Aug 2021
DCS: Domestic Claims (DC) (PHP mn) 14,294,851.113 Aug 2021 monthly Dec 2001 - Aug 2021
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 Sep 2021 monthly May 1986 - Sep 2021
CL: PBS: Real Estate: Residential (PHP bn) 846.278 Jun 2021 quarterly Mar 2009 - Jun 2021
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,940.842 Jun 2021 quarterly Mar 2009 - Jun 2021
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 4.9 Mar 2021 quarterly Jun 2002 - Mar 2021
Business Outlook: Index: Industry: Current Quarter (Point) 1.172 Sep 2021 quarterly Jun 2001 - Sep 2021
Business Outlook: Index: Services: Current Quarter (Point) -2.353 Sep 2021 quarterly Jun 2001 - Sep 2021

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