18	SELECTED EXTERNAL DEBT RATIOS
	for periods indicated
	in million US dollars

						old concept	new concept											Jan-May ^p/
			I t e m	1997	1998	1999	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2009		2010


	I. Debt Service Burden (DSB) ¹

		Total		#VALUE!	5596	6627	6582	6265	6530	7762	7948	7217	7624	8091	7680	7365	6840	2997		3270
		Principal		#VALUE!	3029	3820	3820	3092	3627	5179	5428	4852	4908	4841	4132	4139	4270	1815		2230
		Interest		2567	2567	2807	2762	3173	2903	2583	2520	2365	2716	3250	3548	3226	2570	1182		1040

	II. Export Shipments²			25228	25228	35037	34243	37347	31313	34403	35339	38794	40263	46526	49512	48253	37510	13499		18824

	III. Exports of Goods, and Receipts			48063	48063	47920	44975	48347	41537	45455	47079	52261	56520	67361	76049	76277	66086	25419		31996
		from Services & Income ^{2, 3}

	IV. Current Account Receipts²			49733	49733	48565	46403	49969	45057	49085	50684	55982	60436	70869	79202	79723	69960	26987		33557

	V. Gross National Product (GNP)			#VALUE!	68523	80231	80231	80691	76023	81756	85446	93649	106946	127296	156671	185758	184939	41245	^a/	48653	^a/

	VI. Gross Domestic Product (GDP)			#VALUE!	65171	76157	76157	75909	71216	76814	79634	86930	98829	117534	144071	166598	161196	36340	^a/	42066	^a/

	VII. External Debt (End-of-Period)
		Total		42972	42972	50997	50997	51206	51900	53645	57395	54846	54186	53367	54938	53856	53255	52483	^b/	55416	^b/
		Public		#VALUE!	26708	34358	34358	34136	33396	35535	39498	37895	36502	37076	37674	40343	41817	39294	^b/	42585	^b/
		Private		#VALUE!	16263	16639	16639	17070	18504	18110	17897	16951	17684	16291	17264	13512	11438	13189	^b/	12831	^b/

	VIII. Gross International Reserves			#VALUE!	10842	15064	15064	15063	15692	16365	17063	16228	18494	22967	33751	37551	44243	39589		47690
		(End-of-Period)

	IX. Ratios (%)

	1. DSB to Export Shipments			#VALUE!	22.18	18.91	19.22	16.78	20.85	22.56	22.49	18.60	18.94	17.39	15.51	15.26	18.24	22.20		17.37
	2. DSB to Exports of Goods, and Receipts			#VALUE!	11.64	13.83	14.63	12.96	15.72	17.08	16.88	13.81	13.49	12.01	10.10	9.66	10.35	11.79		10.22
		from Services & Income
	3. DSB to Current Account Receipts			#VALUE!	11.25	13.65	14.18	12.54	14.49	15.81	15.68	12.89	12.61	11.42	9.70	9.24	9.78	11.11		9.74
	4. DSB to GNP			#VALUE!	8.17	8.26	8.20	7.76	8.59	9.49	9.30	7.71	7.13	6.36	4.90	3.96	3.70	5.49	^a/	5.39	^a/
	5. DSB to GDP			#VALUE!	8.59	8.70	8.64	8.25	9.17	10.10	9.98	8.30	7.71	6.88	5.33	4.42	4.24	6.23	^a/	6.24	^a/
	6. External Debt to GNP			#VALUE!	62.71	63.56	63.56	63.46	68.27	65.62	67.17	58.57	50.67	41.92	35.07	28.99	28.80	28.83	^c/	28.81	^c/
	7.External Debt to GDP			#VALUE!	65.94	66.96	66.96	67.46	72.88	69.84	72.07	63.09	54.83	45.41	38.13	32.33	33.04	32.37	^c/	33.20	^c/
		Public		#VALUE!	40.98	45.11	45.11	44.97	46.89	46.26	49.60	43.59	36.93	31.54	26.15	24.22	25.94	24.23	^c/	25.51	^c/
		Private		#VALUE!	24.95	21.85	21.85	22.49	25.98	23.58	22.47	19.50	17.89	13.86	11.98	8.11	7.10	8.13	^c/	7.69	^c/
	8. Gross International Reserves to
		Debt Service Burden		#VALUE!	193.75	227.31	228.87	240.43	240.31	210.83	214.68	224.86	242.58	283.86	439.47	509.86	646.83	1320.95		1458.41


¹	Debt service burden represents principal and interest payments after rescheduling. In accordance with internationally-accepted concept consists of:
	- Principal and interest payments on fixed MLT credits including IMF credits, loans covered by the Paris Club and commercial banks rescheduling, and
	New Money Facilities.
	- Interest payments on fixed and revolving short-term liabilities of banks and non-banks
	but excludes the following:
	- Prepayments on future years' maturities of foreign loans
	- Principal payments on fixed and revolving ST liabilities of banks and non-banks
²	Starting 1999, the data under the new concept are generally consistent with the concept and coverage prescribed by the Balance of
	Payments Manual 5th edition.
³	Starting 1999, income includes cash remittances of overseas Filipinos that were coursed through and reported by commercial banks which are
	reflected under the income account and workers' remittances of Current Transfers account.
^p/	preliminary
^a/	Data for the 1st quarter
^b/	Data as of end-March
^c/	For comparability with annual figures, GNP and GDP numbers used are based on the sum of the 1st quarter data of the current year and 2nd to 4th quarter data of the preceding year.