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National debt of the Philippines

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The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).

  • Total outstanding debt: ₱16.02 trillion ($276.27 billion) (61.3% of GDP) (October 2024)
  • : ∟Domestic debt: ₱10.89 trillion ($187.80 billion) (41.6% of GDP) (October 2024)
  • : ∟External debt: ₱5.13 trillion ($88.47 billion) (19.6% of GDP) (October 2024)
  • Gross external debt: $111.3 billion (27.5% of GDP) (F.Y. 2021-22)

General Government Debt

Fiscal yearDomesticForeignNational Government DebtGeneral Government Debt% of GDPGDP2005200620072008200920102011201220132014201520162017201820192020202120222023
2,164.31,723.93,888.23,359.556.8%5,917.3
2,154.11,697.43,851.53,230.049.3%6,550.4
2,201.21,511.33,712.53,044.242.3%7,198.2
2,414.41,806.54,220.93,406.549.3%8,050.2
2,470.01,926.64,396.63,555.742.4%8,390.4
2,718.22,000.04,718.23,854.741.0%9,399.5
2,873.42,077.84,951.24,020.439.6%10,144.7
3,468.41,968.75,437.14,288.738.8%11,060.6
3,733.41,947.75,681.25,012.037.6%12,050.6
3,820.61,914.65,735.25,099.334.8%13,206.8
3,884.42,070.25,954.55,338.234.6%13,994.2
3,934.12,156.26,090.35,547.833.2%15,132.4
4,441.32,211.26,652.46,221.434.9%16,556.7
4,776.92,515.67,292.56,887.334.4%18,265.2
5,128.02,604.07,731.37,227.739.6%19,516.4
7,077.02,950.09,795.09,269.253.9%17,937.6
8,170.43,558.111,728.511,167.658.1%19,390
9,208.44,210.513,418.912,887.960.9%22,023
9,700.04,450.014,150.058.3%24,276

References

References

  1. (December 3, 2024). "Philippines debt hits P16 trillion as of end-October 2024". GMA News Online.
  2. "BSP External Debt FAQs".
  3. "Philippines external debt hits record high $111.3 billion in 2022".
  4. "General Government Debt". [[Department of Finance (Philippines).
  5. "Selected Economic and Financial Indicators". [[Bangko Sentral ng Pilipinas]].
  6. (June 2, 2022). "Philippine debt balloons to new record-high P12.76T as of end-April". GMA News Online.
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