6 SELECTED EXTERNAL DEBT RATIOS  1/2/                                            
    for periods indicated                                              
    in million US dollars                                              
  January p/  
   I t e m 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 p/ 2018 2019  
                                                     
   
  I. Debt Service Burden (DSB)  3/  
   
  Total 7499 7530 6993 7042 6880 7402 7793 6604 7535 6354 5584 7188 7309 7704 1275 705  
  Principal 4908 4841 4132 4139 4321 4779 4952 3557 4615 3571 2998 4602 4768 4811 963 355  
  Interest 2591 2689 2861 2903 2559 2623 2841 3047 2921 2782 2587 2586 2541 2893 313 350  
   
  II. Export Shipments 25162 30734 32803 34679 29143 36772 38276 46384 44512 49824 43197 42734 51814 51674 4157 3975  
   
  III. Exports of Goods, and Receipts  46308 57863 65112 67065 62389 74863 79056 89948 92151 101309 99563 102876 117363 121866 10057 10133  
  from Services & Primary Income 4/  
   
  IV. Current Account Receipts 50330 61357 68329 70775 66603 79211 83836 95137 97886 107546 105851 108905 124126 128818 10634 10692  
   
  V. Gross National Income (GNI) 122202 143938 174831 203782 204425 240579 268494 301388 330277 344879 354141 367021 r 377083 r 397063 r - -  
   
  VI. Gross Domestic Product (GDP) 103072 122211 149360 173603 168485 199591 224143 250092 271836 284585 292774 304898 r 313620 r 330910 r - -  
   
  VII. External Debt (End-of-Period)  
   
  Total 61555 61372 66508 65228 64738 73594 75569 79949 78489 77674 77474 74763 73098 78960 - -  
  Public 36669 37381 37987 40636 43234 46197 46363 45175 40524 39346 38273 37470 37510 39703 - -  
  Private 24886 23991 28521 24592 21504 27397 29206 34774 37965 38327 39201 37293 35588 39256 - -  
   
  VIII. Gross International Reserves 18494 22967 33751 37551 44243 62373 75302 83831 83187 79541 80667 80692 81570 79193 81224 82487  
  (End-of-Period)  
   
  IX. Ratios (%)  
   
  1. DSB to Export Shipments 29.8 24.5 21.3 20.3 23.6 20.1 20.4 14.2 16.9 12.8 12.9 16.8 14.1 14.9 30.7 17.7  
  2. DSB to Exports of Goods, and  16.2 13.0 10.7 10.5 11.0 9.9 9.9 7.3 8.2 6.3 5.6 7.0 6.2 6.3 12.7 7.0  
  Receipts from Services & Primary Income  
  3. DSB to Current Account Receipts 14.9 12.3 10.2 9.9 10.3 9.3 9.3 6.9 7.7 5.9 5.3 6.6 5.9 6.0 12.0 6.6  
  4. DSB to GNI 6.1 5.2 4.0 3.5 3.4 3.1 2.9 2.2 2.3 1.8 1.6 2.0 1.9 1.9 - -  
  5. DSB to GDP 7.3 6.2 4.7 4.1 4.1 3.7 3.5 2.6 2.8 2.2 1.9 2.4 2.3 2.3 - -  
  6. External Debt to GNI 50.4 42.6 38.0 32.0 31.7 30.6 28.1 26.5 23.8 22.5 21.9 20.4 19.4 19.9 - -  
  7. External Debt to GDP 59.7 50.2 44.5 37.6 38.4 36.9 33.7 32.0 28.9 27.3 26.5 24.5 23.3 23.9 - -  
  Public 35.6 30.6 25.4 23.4 25.7 23.1 20.7 18.1 14.9 13.8 13.1 12.3 12.0 12.0 - -  
  Private 24.1 19.6 19.1 14.2 12.8 13.7 13.0 13.9 14.0 13.5 13.4 12.2 11.3 11.9 - -  
  8. Gross International Reserves to 246.6 305.0 482.6 533.3 643.0 842.6 966.3 1269.4 1103.9 1251.9 1444.5 1122.5 1116.0 1027.9 1072.6 a/ 1156.3 a/  
  Debt Service Burden  
                                                     
   
  1/ In 2000, the BSP adopted the Balance of Payments Manual, Fifth Edition (BPM5) for the compilation of its Balance of Payments (BOP) statistics starting with the 1999 series.  In March 2014,   
  the BSP completed its shift to the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), covering BOP data from 2005.  
  2/ In March 2015, external debt data were revised to reflect the new reporting framework in line with international standards under the latest External Debt Statistics Guide and the BPM6.  
  3/ Debt service burden represents principal and interest payments  after rescheduling.  In accordance with internationally-accepted concept, the DSB data consists of:  
    a.  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  
    b.  Interest payments on fixed and revolving short-term liabilities of banks and non-banks  
  but excludes the following:  
    a.  Prepayments on future years' maturities of foreign loans  
    b.  Principal payments on fixed and revolving ST liabilities of banks and non-banks  
  4/ Primary income receipts include investment income and OF cash remittances that were coursed through and reported by banks.   
  a/ For comparability with annual figures, DSB was annualized by taking the total DSB over the past 12 months.  
  p/ Preliminary  
  r/ Revised  
  - Not available  
  Note: Details may not add up to total due to rounding  
   
Date last modified:                                              
15-Apr-2019