| PHILIPPINE EXTERNAL DEBT INDICATORS | ||||||||||||||||
| March | ||||||||||||||||
| 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2008 | a/ | 2009 | a/ | ||||
| Outstanding External Debt (end-of-period, in billion US dollars) | 51.2 | 51.9 | 53.6 | 57.4 | 54.8 | 54.2 | 53.4 | 54.9 | 53.9 | 54.6 | 52.5 | |||||
| Ratios (in percent): | ||||||||||||||||
| 1. External Debt/GNP | 63.5 | 68.3 | 65.6 | 67.2 | 58.6 | 50.7 | 41.9 | 35.1 | 29.0 | 32.6 | 28.8 | |||||
| 2. External Debt/GDP | 67.5 | 72.9 | 69.8 | 72.1 | 63.1 | 54.8 | 45.4 | 38.1 | 32.3 | 35.6 | 32.3 | |||||
| 3. External Debt Service Ratio 1/ | 13.0 | 15.7 | 17.1 | 16.9 | 13.8 | 13.5 | 12.0 | 10.1 | 9.6 | 9.8 | 10.3 | |||||
| 4. GIR to Short-Term Debt based on original maturity 2/ | 274.1 | 261.5 | 294.4 | 276.2 | 321.6 | 289.2 | 458.5 | 476.5 | 536.4 | 550.6 | 600.6 | |||||
| 5. GIR to Short-Term Debt based on remaining maturity 3/ | 154.1 | 140.4 | 146.8 | 150.0 | 161.9 | 160.3 | 235.4 | 289.6 | 337.6 | 342.9 | 335.1 | a/ | ||||
| 1/ Computed as the ratio of debt service burden (DSB) to exports of goods and receipts from services and income (XGSI). | ||||||||||||||||
| Income includes cash remittances of overseas Filipino workers that were coursed through banks. | ||||||||||||||||
| DSB represents the sum of principal and interest payments on foreign loans excluding prepayments of future years' maturities. | ||||||||||||||||
| 2/ Loans with original maturity of one year or less | ||||||||||||||||
| 3/ Loans with original maturity of one year or less plus amortizations on medium and long-term loans falling due within the next 12 months | ||||||||||||||||
| a/ For comparability, data on Gross National Product (GNP), Gross Domestic Product (GDP), DSB and XGSI for March 2008 and March 2009 were annualized. | ||||||||||||||||
| Source: | International Operations Department, Bangko Sentral ng Pilipinas | |||||||||||||||