Philippines External Debt: Short Term: % of GDP

2005 - 2021 | Yearly | % | CEIC Data

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

  • Philippines External Debt: Short Term accounted for 3.8 % of the country's Nominal GDP in 2021, compared with the ratio of 3.9 % in the previous year.
  • Philippines External Debt: Short Term: % of Nominal GDP data is updated yearly, available from 2005 to 2021.
  • 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 External Debt: Short Term: % of GDP

  • In the latest reports of Philippines, Current Account recorded a deficit of 2.4 USD bn in Mar 2022.
  • Foreign Direct Investment (FDI) increased by 741.6 USD mn in May 2022.
  • Philippines Direct Investment Abroad expanded by 525.3 USD mn in Mar 2022.
  • Its Foreign Portfolio Investment increased by 979.8 USD mn in Mar 2022.
  • Philippines External Debt: Short Term value stood at 14.0 USD bn in Dec 2021.
  • The country's Nominal GDP was reported at 102.5 USD bn in Jun 2022.

View Philippines's External Debt: Short Term: % of GDP from 2005 to 2021 in the chart:

Philippines External Debt: Short Term: % of GDP

What was Philippines's External Debt: Short Term: % of GDP in 2021?

Philippines External Debt: Short Term accounted for 3.8 % of the country's Nominal GDP in 2021, compared with the ratio of 3.9 % in the previous year. See the table below for more data.

Last Previous Min Max Unit Frequency Range
3.8 2021 3.9 2020 3.7 2009 8.6 2005 % yearly 2005 - 2021

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

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Includes External Debt: Short Term: % of GDP on 98 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) 5.5 2021 yearly 1991 - 2021
Algeria (%) 1.2 2020 yearly 1977 - 2020
Argentina (%) 15.7 2021 yearly 2003 - 2021
Armenia (%) 11.0 2021 yearly 2000 - 2021
Australia (%) 25.1 2021 yearly 1988 - 2021
Austria (%) 45.9 2021 yearly 1997 - 2021
Azerbaijan (%) 1.1 2020 yearly 1993 - 2020
Bangladesh (%) 3.4 2021 yearly 2012 - 2021
Belarus (%) 14.5 Mar 2022 quarterly Dec 2000 - Mar 2022
Belgium (%) 86.4 2021 yearly 2007 - 2021
Bolivia (%) 0.0 2019 yearly 2000 - 2019
Bosnia and Herzegovina (%) 2.4 2020 yearly 1999 - 2020
Botswana (%) 1.5 2020 yearly 1994 - 2020
Brazil (%) 4.9 2021 yearly 1999 - 2021
Bulgaria (%) 10.2 2021 yearly 1999 - 2021
Canada (%) 51.5 2021 yearly 1990 - 2021
Chile (%) 8.0 2021 yearly 1971 - 2021
China (%) 8.2 2021 yearly 1985 - 2021
Colombia (%) 7.8 2021 yearly 1970 - 2021
Croatia (%) 14.3 2021 yearly 1999 - 2021
Cyprus (%) 169.5 2021 yearly 2008 - 2021
Czech Republic (%) 43.3 2021 yearly 1995 - 2021
Denmark (%) 65.1 2021 yearly 2005 - 2021
Ecuador (%) 0.9 2021 yearly 1970 - 2021
Egypt (%) 3.4 2021 yearly 1990 - 2021
Estonia (%) 28.9 2021 yearly 1996 - 2021
Finland (%) 79.2 2021 yearly 1991 - 2021
France (%) 115.0 2021 yearly 2004 - 2021
Georgia (%) 12.4 2021 yearly 2006 - 2021
Germany (%) 69.9 2021 yearly 2004 - 2021
Greece (%) 89.8 2021 yearly 2003 - 2021
Hong Kong SAR, China (%) 336.4 2021 yearly 2001 - 2021
Hungary (%) 13.0 2020 yearly 1995 - 2020
Iceland (%) 3.4 2021 yearly 1989 - 2021
India (%) 3.9 2022 yearly 1990 - 2022
Indonesia (%) 4.0 2021 yearly 2003 - 2021
Iran (%) 0.2 2021 yearly 1994 - 2021
Ireland (%) 227.2 2021 yearly 2002 - 2021
Israel (%) 12.6 2021 yearly 2000 - 2021
Italy (%) 55.8 2021 yearly 2002 - 2021
Ivory Coast (%) 1.7 2020 yearly 1970 - 2020
Japan (%) 66.7 2021 yearly 2003 - 2021
Jordan (%) 38.1 2021 yearly 2000 - 2021
Kazakhstan (%) 6.4 2021 yearly 1992 - 2021
Kenya (%) 2.3 2020 yearly 1996 - 2020
South Korea (%) 9.1 2021 yearly 1994 - 2021
Kosovo (%) 12.5 2021 yearly 2007 - 2021
Kyrgyzstan (%) 6.3 2021 yearly 2003 - 2021
Latvia (%) 51.7 2021 yearly 2000 - 2021
Lithuania (%) 29.7 2021 yearly 2004 - 2021
Luxembourg (%) 1,381.0 2021 yearly 2002 - 2021
North Macedonia (%) 18.2 2021 yearly 2004 - 2021
Malawi (%) 0.6 2019 yearly 2002 - 2019
Malaysia (%) 26.3 2021 yearly 2009 - 2021
Malta (%) 147.8 2021 yearly 2004 - 2021
Mauritius (%) 67.2 2021 yearly 2009 - 2021
Mexico (%) 3.9 2021 yearly 2002 - 2021
Moldova (%) 20.1 2021 yearly 2000 - 2021
Mongolia (%) 9.0 2021 yearly 1992 - 2021
Montenegro (%) 6.6 2020 yearly 2007 - 2020
Morocco (%) 6.5 2021 yearly 1970 - 2021
Mozambique (%) 12.9 2020 yearly 1984 - 2020
Netherlands (%) 175.8 2021 yearly 2003 - 2021
New Zealand (%) 30.0 2021 yearly 2000 - 2021
Nigeria (%) 0.0 2019 yearly 2008 - 2019
Norway (%) 58.6 2021 yearly 2012 - 2021
Pakistan (%) 1.2 2022 yearly 2006 - 2022
Palestinian Territory (%) 2.4 2018 yearly 2013 - 2018
Panama (%) 62.5 2021 yearly 1970 - 2021
Paraguay (%) 11.7 2021 yearly 2002 - 2021
Peru (%) 4.2 2021 yearly 1980 - 2021
Philippines (%) 3.8 2021 yearly 2005 - 2021
Poland (%) 9.6 2021 yearly 2004 - 2021
Portugal (%) 74.6 2021 yearly 1996 - 2021
Romania (%) 15.6 2021 yearly 2004 - 2021
Russia (%) 4.8 2021 yearly 2001 - 2021
Serbia (%) 3.4 2020 yearly 2000 - 2020
Singapore (%) 311.5 2021 yearly 2003 - 2021
Slovakia (%) 76.9 2021 yearly 2006 - 2021
Slovenia (%) 30.1 2021 yearly 2001 - 2021
South Africa (%) 6.5 2021 yearly 1994 - 2021
Spain (%) 79.0 2021 yearly 2000 - 2021
Sri Lanka (%) 9.6 2020 yearly 1998 - 2020
Sudan (%) 7.9 2020 yearly 1970 - 2020
Sweden (%) 54.1 2021 yearly 1997 - 2021
Switzerland (%) 156.9 2021 yearly 1999 - 2021
Taiwan (%) 25.5 2021 yearly 1999 - 2021
Tajikistan (%) 13.6 2020 yearly 1993 - 2020
Thailand (%) 14.7 2021 yearly 1980 - 2021
Tunisia (%) 26.1 2020 yearly 2002 - 2020
Turkey (%) 14.9 2021 yearly 1989 - 2021
Ukraine (%) 8.1 2021 yearly 2009 - 2021
United Kingdom (%) 207.4 2021 yearly 1979 - 2021
United States (%) 34.4 2021 yearly 2003 - 2021
Uruguay (%) 11.7 2021 yearly 1999 - 2021
Venezuela (%) 0.2 2017 yearly 1997 - 2017
Vietnam (%) 7.8 2020 yearly 1985 - 2020
Yemen (%) 1.8 2017 yearly 1991 - 2017

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Philippines Key Series

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Includes 263 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 (%) -7.9 Jun 2022 quarterly Dec 1985 - Jun 2022
Consolidated Fiscal Balance (USD mn) -1,552.319 Jul 2022 monthly Jan 1985 - Jul 2022
Tax Revenue (USD mn) 5,043.754 Jul 2022 monthly Jan 1985 - Jul 2022
Tax Revenue: % of GDP (%) 15.6 Jun 2022 quarterly Mar 1985 - Jun 2022
National Government Debt (USD mn) 231,289.6 Jul 2022 monthly Jan 1993 - Jul 2022
Government Debt: % of GDP (%) 62.1 Jun 2022 quarterly Mar 1993 - Jun 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 544,225.000 Jun 2022 monthly Jan 2006 - Jun 2022
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,563,091.000 Jun 2022 monthly Jan 2006 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -5,927.2 Jul 2022 monthly Jan 1957 - Jul 2022
Total Exports (USD mn) 6,212.0 Jul 2022 monthly Jan 1979 - Jul 2022
Total Exports Growth (%) -4.2 Jul 2022 monthly Jan 1980 - Jul 2022
Aluminum: Exports (USD th) 197,201.409 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 48,793.567 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 15,114.885 2021 yearly 1995 - 2021
Total Imports (USD mn) 12,139.1 Jul 2022 monthly Jan 1979 - Jul 2022
Total Imports Growth (%) 21.5 Jul 2022 monthly Jan 1980 - Jul 2022
Imports: Medicament (USD th) 1,465,896.403 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 2,362,025.291 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 1,056.382 Jul 2022 monthly Jan 1978 - Jul 2022
Total Imports from USA (USD mn) 679.096 Jul 2022 monthly Jan 1986 - Jul 2022
Total Exports to China (USD mn) 798.665 Jul 2022 monthly Jan 1984 - Jul 2022
Total Imports from China (USD mn) 2,427.123 Jul 2022 monthly Jan 1986 - Jul 2022
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) 525.3 Mar 2022 monthly Jan 2005 - Mar 2022
Current Account Balance (USD mn) -2,441.6 Mar 2022 monthly Jan 1999 - Mar 2022
Current Account Balance: % of GDP (%) -5.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Foreign Direct Investment (USD mn) 741.6 May 2022 monthly Jan 2005 - May 2022
Foreign Direct Investment: % of GDP (%) 2.6 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment (USD mn) 979.828 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 1.0 Mar 2022 quarterly Dec 1980 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 578.7 Mar 2022 quarterly Mar 1996 - Mar 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 401.133 Mar 2022 quarterly Mar 1977 - Mar 2022
External Debt (USD mn) 109,753.2 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 13,997.7 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -31,587.543 Mar 2022 quarterly Dec 2012 - Mar 2022
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -1,540.412 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Incurrence of Liabilities (USD mn) 3,035.447 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Credit: Export (USD mn) 5,344.106 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Capital Account (CA) (USD mn) -33.357 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Import (USD mn) 14,332.065 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,469.406 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Debit: Payments (USD mn) 822.718 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Financial Derivatives (FD) (USD mn) -83.727 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income (USD mn) 276.711 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -128.923 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Debit: Import (USD mn) 11,372.657 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -45.196 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,752.020 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Other Investments (OI) (USD mn) -2,141.639 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services: Credit: Export (USD mn) 2,977.560 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,748.378 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Debit: Payments (USD mn) 80.379 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services: Debit: Import (USD mn) 2,056.310 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Acquisition of Financial Assets (USD mn) 604.375 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Portfolio Investment (PI) (USD mn) -3.641 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,099.429 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 525.331 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Credit: Receipts (USD mn) 8.207 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods (USD mn) -6,028.551 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Debit: Payments (USD mn) 41.564 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services (USD mn) 921.250 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Direct Investment (DI) (USD mn) -202.066 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Change in Reserve Assets: Debit (USD mn) 757.326 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 741.554 May 2022 monthly Jan 2005 - May 2022
BoP: Financial Account (FA) (USD mn) -2,431.072 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income (USD mn) 2,389.027 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 601.227 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Export (USD mn) 11,890.502 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Current Account (CA) (USD mn) -2,441.563 Mar 2022 monthly Jan 2005 - Mar 2022
External Debt: Medium and Long Term (USD mn) 95,755.498 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: Germany (USD mn) 972.492 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: France (USD mn) 866.819 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: UK (USD mn) 3,669.227 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: USA (USD mn) 2,667.698 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: Japan (USD mn) 14,529.631 Mar 2022 quarterly Mar 2005 - Mar 2022
FDI: Approved: Real Estate Activities (PHP mn) 19,295.013 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Information & Communication (PHP mn) 19.893 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Administrative & Support Services (PHP mn) 3,749.977 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Manufacturing (PHP mn) 6,153.764 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Transportation & Storage (PHP mn) 14,523.941 Jun 2022 quarterly Mar 2010 - Jun 2022
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.6 Jul 2022 monthly Jan 2013 - Jul 2022
Household Debt: % of GDP (%) 10.0 Jun 2022 quarterly Mar 2009 - Jun 2022
Non-Performing Loans (USD mn) 7,657.277 Jun 2022 quarterly Mar 2013 - Jun 2022
Money Supply M1 (USD mn) 112,844.735 Jul 2022 monthly Dec 1988 - Jul 2022
Money Supply M2 (USD mn) 265,999.843 Jul 2022 monthly Dec 1988 - Jul 2022
M2 Growth (%) 8.0 Jul 2022 monthly Dec 1989 - Jul 2022
Reserve Requirement Ratio (%) 12.0 Aug 2022 monthly May 1986 - Aug 2022
Foreign Exchange Reserves (USD mn) 84,503.9 Aug 2022 monthly Jan 1960 - Aug 2022
Foreign Exchange Reserves: Months of Import (NA) 7.1 Jul 2022 monthly Jan 1979 - Jul 2022
Gold Reserves (USD mn) 8,532.730 Aug 2022 monthly Dec 1956 - Aug 2022
Total Deposits (USD mn) 299,751.069 Jun 2022 quarterly Mar 2008 - Jun 2022
Total Deposits Growth (%) 7.5 Jun 2022 quarterly Mar 2009 - Jun 2022
Domestic Credit (USD mn) 282,630.4 Jul 2022 monthly Dec 2001 - Jul 2022
Domestic Credit Growth (%) 11.5 Jul 2022 monthly Dec 2002 - Jul 2022
Household Debt (USD mn) 37,517.5 Jun 2022 quarterly Mar 2009 - Jun 2022
Total Loans (USD mn) 198,098.505 Jul 2022 monthly Mar 2008 - Jul 2022
Total Loans Growth (%) 9.34 Jul 2022 monthly Mar 2009 - Jul 2022
Private Debt: % of Nominal GDP (%) 49.03 Jun 2022 quarterly Dec 2001 - Jun 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,822,043.225 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: LA: M4: M3 (PHP mn) 15,377,976.681 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: Domestic Claims (DC) (PHP mn) 15,748,731.706 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,287,934.333 Jul 2022 monthly Dec 2001 - Jul 2022
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 Aug 2022 monthly May 1986 - Aug 2022
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,064.251 Jun 2022 quarterly Mar 2009 - Jun 2022
CL: PBS: Real Estate: Residential (PHP bn) 914.661 Jun 2022 quarterly Mar 2009 - Jun 2022
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 6.7 Jun 2022 quarterly Jun 2002 - Jun 2022
Business Outlook: Index: Industry: Current Quarter (Point) 29.937 Jun 2022 quarterly Jun 2001 - Jun 2022
Business Outlook: Index: Services: Current Quarter (Point) 39.543 Jun 2022 quarterly Jun 2001 - Jun 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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