SDDS : External Debt 1/
in Million USD
Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/ Outstanding 1/
as of End as of End as of End as of End as of End as of End as of End as of End as of End as of End
  Dec-2016 Dec-2017 Dec-2018 Dec-2019 Dec-2020 Dec-2021 Dec-2022 Dec-2023 Dec-2024 Mar-2025
1. General Government 30,546 31,038 33,372 36,047 51,866 55,422 59,809 71,003 79,320 85,464
a. Short-term                                                                                                                                                           186                 363                 270
Currency and deposits 
Debt securities 2/ 186 363 270
Loans
Trade credit and advances
Other debt liabilities
b. Long-term 30,546 31,038 33,372 36,047 51,866 55,422 59,809 70,817 78,957 85,194
Special drawing rights (allocation)
Currency and deposits 
Debt securities 3/ 14,215 14,201 15,590 17,009 24,608 24,891 26,168 32,522 36,735 41,011
Loans 16,331 16,837 17,782 19,038 27,258 30,531 33,641 38,294 42,222 44,182
Trade credits and advances
Other debt liabilities 
2. Central Bank 1,292 1,347 1,319 1,306 1,336 4,033 3,833 3,849 3,735 3,790
a. Short-term                                                                                                                                          
Currency and deposits 
Debt securities
Loans
Trade credit and advances
Other debt liabilities
b. Long-term 1,292 1,347 1,319 1,306 1,336 4,033 3,833 3,849 3,735 3,790
Special drawing rights (allocation)4/ 1,121 1,190 1,162 1,154 1,208 3,913 3,721 3,751 3,646 3,711
Currency and deposits 
Debt securities 171 156 157 152 127 120 112 97 88 79
Loans
Trade credits and advances
Other debt liabilities 
3. Deposit-Taking Corporations, except the Central Bank 17,745 17,797 21,353 22,637 20,224 19,506 19,840 20,391 24,545 27,859
a. Short-term 12,252 11,584 13,037 13,189 10,998 11,405 12,634 13,254 16,639 19,722
Currency and deposits  1,686 1,906 2,070 2,229 2,341 2,500 2,573 2,842 2,657 2,587
Debt securities 5/
Loans 10,566 9,679 10,967 10,960 8,656 8,905 10,061 10,412 13,982 17,135
Trade credits and advances
Other debt liabilities 
b. Long-term 5,493 6,213 8,316 9,448 9,226 8,101 7,205 7,136 7,906 8,137
Currency and deposits  152 217 256 264 121 215 249 249 247 256
Debt securities 5/ 1,598 2,277 3,607 5,054 5,846 4,931 4,618 2,997 3,842 3,753
Loans 3,743 3,719 4,453 4,130 3,260 2,955 2,339 3,891 3,818 4,128
Trade credits and advances
Other debt liabilities 
4. Other Sectors 21,013 19,160 19,318 19,762 21,485 23,834 23,779 26,109 25,883 25,482
a. Short-term 2,275 2,690 3,031 4,019 3,211 3,685 3,985 3,655 3,943 4,240
Currency and deposits 
Loans 308 214 664 615 670 659 678 520 791 904
Trade credits and advances 1,967 2,476 2,367 3,374 2,541 3,025 3,307 3,136 3,153 3,336
Debt securities 30
Other debt liabilities
b. Long-term 18,739 16,470 16,287 15,743 18,274 20,149 19,794 22,454 21,939 21,242
Currency and deposits
Debt securities 3/ 5,945 5,146 3,330 3,205 4,447 6,998 5,919 5,143 4,081 3,962
Loans 12,646 11,165 12,758 12,384 13,648 12,893 13,565 17,016 17,422 16,915
Trade credits and advances 148 159 199 155 178 258 309 294 436 365
Other debt liabilities 
5. Direct investment:  Intercompany lending 4,166 3,756 3,597 3,866 3,578 3,633 4,008 4,042 4,145 4,141
a. Loans 4,166 3,756 3,597 3,866 3,578 3,633 4,008 4,042 4,145 4,141
Total 74,763 73,098 78,960 83,618 98,488 106,428 111,268 125,394 137,628 146,737
                     
1/ Data were revised to reflect the new reporting framework approved on 17 July 2014 in line with international standards based on the latest
    External Debt Statistics Guide (2014) and IMF's Balance of Payments and International Investment Position (IIP) Manual, 6th Edition (BPM6, 2009); 
Inclusions:
(a) Gross "Due to Head Office/Branches Abroad" (DTHOBA) accounts of branches and offshore banking units of foreign banks operating in the Philippines are included in  "Item 3. Deposit-Taking Corporations, except the Central Bank"                  3,123 3,614 4,215 3,802 3,597 3,913 2,803 2,665 2,412 2,599
(b) Private sector borrowings without BSP approval/registration are included in "Item 4. Other Sectors"                13,139 12,342 6,497 6,395 5,794 8,355 7,293 10,918 9,949 10,876
(c) Private sector obligations under capital lease agreements which are included in "Item 4. Other Sectors"                  1,306 1,170 1,195 869 736 690 613 612 514 486
2/ Non-residents' holdings of short-term Philippine debt securities issued by the National Government
3/ Includes non-residents' holdings of Philippine debt securities issued onshore starting 2023
4/ Includes accumulated Special Drawing Rights (SDR) allocations from the IMF SDR Department
5/ Includes outstanding Hybrid Tier 1 capital of banks
Note: Amounts may not add up due to rounding
Source:  International Operations Department