| 18 | SELECTED EXTERNAL DEBT RATIOS | ||||||||||||||||||||||||||||
| for periods indicated | |||||||||||||||||||||||||||||
| in million US dollars | |||||||||||||||||||||||||||||
| old concept | new concept | Jan-Jun p/ | |||||||||||||||||||||||||||
| I t e m | 1998 | 1999 | r | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | p/ | 2007 | 2008 | ||||||||||||||
| I. Debt Service Burden (DSB) 1 | |||||||||||||||||||||||||||||
| Total | 5095 | 6627 | 6582 | 6265 | 6530 | 7762 | 7948 | 7217 | 7624 | 8091 | 7309 | 3911 | 4174 | ||||||||||||||||
| Principal | 2838 | 3820 | 3820 | 3092 | 3627 | 5179 | 5428 | 4852 | 4908 | 4841 | 4015 | 2235 | 2421 | ||||||||||||||||
| Interest | 2257 | 2807 | 2762 | 3173 | 2903 | 2583 | 2520 | 2365 | 2716 | 3250 | 3294 | 1676 | 1753 | ||||||||||||||||
| II. Export Shipments2 | 29496 | 35037 | 34243 | 37347 | 31313 | 34403 | 35339 | 38794 | 40263 | 46526 | 49512 | r/ | 24169 | 25156 | |||||||||||||||
| III. Exports of Goods, and Receipts | 43413 | 47920 | 44975 | 48347 | 41537 | 45455 | 47079 | 52261 | 56520 | 67361 | 74890 | r/ | 36071 | 39528 | |||||||||||||||
| from Services & Income 2, 3 | |||||||||||||||||||||||||||||
| IV. Current Account Receipts2 | 44171 | 48565 | 46403 | 49969 | 45057 | 49085 | 50684 | 55982 | 60436 | 70869 | 77845 | r/ | 37545 | 41143 | |||||||||||||||
| V. Gross National Product (GNP) | 68523 | 80231 | 80231 | 80691 | 76023 | 81756 | 85446 | 93649 | 106946 | 127329 | 157087 | 71985 | 92167 | ||||||||||||||||
| VI. Gross Domestic Product (GDP) | 65171 | 76157 | 76157 | 75909 | 71216 | 76814 | 79634 | 86930 | 98829 | 117566 | 144062 | 65790 | 83431 | ||||||||||||||||
| VII. External Debt (End-of-Period) 4 | |||||||||||||||||||||||||||||
| Total | 46146 | 50997 | 50997 | 51206 | 51900 | 53645 | 57395 | 54846 | 54186 | 53367 | 54938 | 53035 | 54808 | ||||||||||||||||
| Public | 29935 | 34358 | 34358 | 34136 | 33396 | 35535 | 39498 | 37895 | 36502 | 37076 | 37674 | 36827 | 38716 | ||||||||||||||||
| Private | 16212 | 16639 | 16639 | 17070 | 18504 | 18110 | 17897 | 16951 | 17684 | 16291 | 17264 | 16208 | 16093 | ||||||||||||||||
| VIII. Gross International Reserves 5 | 10842 | 15064 | 15064 | 15063 | 15692 | 16365 | 17063 | 16228 | 18494 | 22967 | 33751 | 26383 | 36712 | ||||||||||||||||
| (End-of-Period) | |||||||||||||||||||||||||||||
| IX. Ratios (%) | |||||||||||||||||||||||||||||
| 1. DSB to Export Shipments | 17.27 | 18.91 | 19.22 | 16.78 | 20.85 | 22.56 | 22.49 | 18.60 | 18.94 | 17.39 | 14.76 | r/ | 16.18 | 16.59 | |||||||||||||||
| 2. DSB to Exports of Goods, and Receipts | 11.74 | 13.83 | 14.63 | 12.96 | 15.72 | 17.08 | 16.88 | 13.81 | 13.49 | 12.01 | 9.76 | r/ | 10.84 | 10.56 | |||||||||||||||
| from Services & Income | |||||||||||||||||||||||||||||
| 3. DSB to Current Account Receipts | 11.53 | 13.65 | 14.18 | 12.54 | 14.49 | 15.81 | 15.68 | 12.89 | 12.61 | 11.42 | 9.39 | r/ | 10.42 | 10.15 | |||||||||||||||
| 4. DSB to GNP | 7.44 | 8.26 | 8.20 | 7.76 | 8.59 | 9.49 | 9.30 | 7.71 | 7.13 | 6.35 | 4.65 | 5.43 | 4.53 | ||||||||||||||||
| 5. DSB to GDP | 7.82 | 8.70 | 8.64 | 8.25 | 9.17 | 10.10 | 9.98 | 8.30 | 7.71 | 6.88 | 5.07 | 5.94 | 5.00 | ||||||||||||||||
| 6. External Debt to GNP | 67.34 | 63.56 | 63.56 | 63.46 | 68.27 | 65.62 | 67.17 | 58.57 | 50.67 | 41.91 | 34.97 | 37.87 | a/ | 30.87 | a/ | ||||||||||||||
| 7.External Debt to GDP | 70.81 | 66.96 | 66.96 | 67.46 | 72.88 | 69.84 | 72.07 | 63.09 | 54.83 | 45.39 | 38.13 | 41.18 | a/ | 33.83 | a/ | ||||||||||||||
| Public | 45.93 | 45.11 | 45.11 | 44.97 | 46.89 | 46.26 | 49.60 | 43.59 | 36.93 | 31.54 | 26.15 | 28.60 | a/ | 23.90 | a/ | ||||||||||||||
| Private | 24.88 | 21.85 | 21.85 | 22.49 | 25.98 | 23.58 | 22.47 | 19.50 | 17.89 | 13.86 | 11.98 | 12.59 | a/ | 9.93 | a/ | ||||||||||||||
| 8. Gross International Reserves to | |||||||||||||||||||||||||||||
| Debt Service Burden | 212.80 | 227.31 | 228.87 | 240.43 | 240.31 | 210.83 | 214.68 | 224.86 | 242.58 | 283.86 | 461.77 | 674.58 | 879.54 | ||||||||||||||||
| 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 Filipino workers that were coursed through and reported by commercial banks which are | ||||||||||||||||||||||||||||
| reflected under the income account and workers' remittances of Current Transfers account. | |||||||||||||||||||||||||||||
| 4 | External debt data were revised from 1990 onwards to reflect the reclassification of offshore banking units (OBUs) from non-resident to resident entities | ||||||||||||||||||||||||||||