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/ | 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 | as of End | as of End | as of End | as of End | as of End | as of End | |
Dec-2011 | Dec-2012 | Dec-2013 | Dec-2014 | Dec-2015 | Dec-2016 | Dec-2017 | Dec-2018 | Dec-2019 | Dec-2020 | Dec-2021 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | |
1. General Government | 36,117 | 35,337 | 31,755 | 31,448 | 30,812 | 30,546 | 31,038 | 33,372 | 36,047 | 51,866 | 55,422 | 59,809 | 68,071 | 67,712 | 67,177 | 71,003 |
a. Short-term | 259 | 25 | 114 | 186 | ||||||||||||
Currency and deposits | ||||||||||||||||
Debt securities 2/ | 259 | 25 | 114 | 186 | ||||||||||||
Loans | ||||||||||||||||
Trade credit and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
b. Long-term | 36,117 | 35,337 | 31,755 | 31,448 | 30,812 | 30,546 | 31,038 | 33,372 | 36,047 | 51,866 | 55,422 | 59,809 | 67,812 | 67,687 | 67,063 | 70,817 |
Special drawing rights (allocation) | ||||||||||||||||
Currency and deposits | ||||||||||||||||
Debt securities 3/ | 16,341 | 16,605 | 15,890 | 16,220 | 14,611 | 14,215 | 14,201 | 15,590 | 17,009 | 24,608 | 24,891 | 26,168 | 31,775 | 31,330 | 30,384 | 32,522 |
Loans | 19,776 | 18,733 | 15,865 | 15,228 | 16,201 | 16,331 | 16,837 | 17,782 | 19,038 | 27,258 | 30,531 | 33,641 | 36,037 | 36,357 | 36,679 | 38,294 |
Trade credits and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
2. Central Bank | 1,465 | 1,451 | 1,455 | 1,387 | 1,337 | 1,292 | 1,347 | 1,319 | 1,306 | 1,336 | 4,033 | 3,833 | 3,860 | 3,827 | 3,764 | 3,849 |
a. Short-term | ||||||||||||||||
Currency and deposits | ||||||||||||||||
Debt securities | ||||||||||||||||
Loans | ||||||||||||||||
Trade credit and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
b. Long-term | 1,465 | 1,451 | 1,455 | 1,387 | 1,337 | 1,292 | 1,347 | 1,319 | 1,306 | 1,336 | 4,033 | 3,833 | 3,860 | 3,827 | 3,764 | 3,849 |
Special drawing rights (allocation)4/ | 1,293 | 1,292 | 1,288 | 1,214 | 1,165 | 1,121 | 1,190 | 1,162 | 1,154 | 1,208 | 3,913 | 3,721 | 3,763 | 3,730 | 3,666 | 3,751 |
Currency and deposits | ||||||||||||||||
Debt securities | 173 | 159 | 167 | 173 | 172 | 171 | 156 | 157 | 152 | 127 | 120 | 112 | 98 | 98 | 97 | 97 |
Loans | ||||||||||||||||
Trade credits and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
3. Deposit-Taking Corporations, except the Central Bank | 13,085 | 17,163 | 17,286 | 17,195 | 17,525 | 17,745 | 17,797 | 21,353 | 22,637 | 20,224 | 19,506 | 19,840 | 19,279 | 19,196 | 18,633 | 20,391 |
a. Short-term | 8,973 | 13,146 | 13,663 | 13,171 | 12,291 | 12,252 | 11,584 | 13,037 | 13,189 | 10,998 | 11,405 | 12,634 | 12,580 | 12,690 | 12,249 | 13,254 |
Currency and deposits | 1,187 | 959 | 1,914 | 2,047 | 1,342 | 1,686 | 1,906 | 2,070 | 2,229 | 2,341 | 2,500 | 2,573 | 2,607 | 2,523 | 2,671 | 2,842 |
Debt securities 5/ | ||||||||||||||||
Loans | 7,787 | 12,187 | 11,749 | 11,124 | 10,948 | 10,566 | 9,679 | 10,967 | 10,960 | 8,656 | 8,905 | 10,061 | 9,974 | 10,167 | 9,578 | 10,412 |
Trade credits and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
b. Long-term | 4,112 | 4,017 | 3,623 | 4,025 | 5,234 | 5,493 | 6,213 | 8,316 | 9,448 | 9,226 | 8,101 | 7,205 | 6,699 | 6,507 | 6,384 | 7,136 |
Currency and deposits | 95 | 31 | 28 | 48 | 172 | 152 | 217 | 256 | 264 | 121 | 215 | 249 | 234 | 234 | 249 | 249 |
Debt securities 5/ | 797 | 1,202 | 1,159 | 1,109 | 1,468 | 1,598 | 2,277 | 3,607 | 5,054 | 5,846 | 4,931 | 4,618 | 3,868 | 3,490 | 3,030 | 2,997 |
Loans | 3,219 | 2,785 | 2,436 | 2,868 | 3,594 | 3,743 | 3,719 | 4,453 | 4,130 | 3,260 | 2,955 | 2,339 | 2,598 | 2,783 | 3,105 | 3,891 |
Trade credits and advances | ||||||||||||||||
Other debt liabilities | ||||||||||||||||
4. Other Sectors | 23,050 | 24,165 | 24,476 | 23,932 | 24,073 | 21,013 | 19,160 | 19,318 | 19,762 | 21,485 | 23,834 | 23,779 | 23,606 | 22,936 | 25,147 | 26,109 |
a. Short-term | 3,077 | 3,306 | 3,246 | 3,077 | 2,808 | 2,275 | 2,690 | 3,031 | 4,019 | 3,211 | 3,685 | 3,985 | 4,514 | 4,602 | 4,795 | 3,655 |
Currency and deposits | ||||||||||||||||
Loans | 403 | 408 | 566 | 715 | 710 | 308 | 214 | 664 | 615 | 670 | 659 | 678 | 874 | 883 | 998 | 520 |
Trade credits and advances | 2,674 | 2,898 | 2,680 | 2,362 | 2,098 | 1,967 | 2,476 | 2,367 | 3,374 | 2,541 | 3,025 | 3,307 | 3,640 | 3,719 | 3,797 | 3,136 |
Debt securities | 30 | |||||||||||||||
Other debt liabilities | ||||||||||||||||
b. Long-term | 19,973 | 20,859 | 21,230 | 20,854 | 21,265 | 18,739 | 16,470 | 16,287 | 15,743 | 18,274 | 20,149 | 19,794 | 19,092 | 18,334 | 20,352 | 22,454 |
Currency and deposits | ||||||||||||||||
Debt securities 3/ | 6,773 | 7,224 | 7,452 | 7,505 | 6,738 | 5,945 | 5,146 | 3,330 | 3,205 | 4,447 | 6,998 | 5,919 | 5,871 | 5,738 | 5,221 | 5,143 |
Loans | 12,324 | 12,578 | 12,750 | 12,339 | 13,843 | 12,646 | 11,165 | 12,758 | 12,384 | 13,648 | 12,893 | 13,565 | 12,868 | 12,314 | 14,848 | 17,016 |
Trade credits and advances | 876 | 1,057 | 1,028 | 1,010 | 684 | 148 | 159 | 199 | 155 | 178 | 258 | 309 | 353 | 282 | 282 | 294 |
Other debt liabilities | ||||||||||||||||
5. Direct investment: Intercompany lending | 1,852 | 1,833 | 3,516 | 3,711 | 3,727 | 4,166 | 3,756 | 3,597 | 3,866 | 3,578 | 3,633 | 4,008 | 3,995 | 4,247 | 4,113 | 4,042 |
a. Loans | 1,852 | 1,833 | 3,516 | 3,711 | 3,727 | 4,166 | 3,756 | 3,597 | 3,866 | 3,578 | 3,633 | 4,008 | 3,995 | 4,247 | 4,113 | 4,042 |
Total | 75,569 | 79,949 | 78,489 | 77,674 | 77,474 | 74,763 | 73,098 | 78,960 | 83,618 | 98,488 | 106,428 | 111,268 | 118,812 | 117,918 | 118,833 | 125,394 |
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" | 5,272 | 8,077 | 5,790 | 5,329 | 3,550 | 3,123 | 3,614 | 4,215 | 3,802 | 3,597 | 3,913 | 2,803 | 2,997 | 2,759 | 2,531 | 2,665 |
(b) Private
sector loans without BSP approval/registration are included in "Item 4. Other Sectors" |
8,958 | 10,203 | 13,112 | 13,714 | 14,306 | 13,139 | 12,342 | 6,497 | 6,395 | 5,794 | 8,355 | 7,293 | 6,811 | 6,563 | 8,704 | 10,918 |
(c) Private sector obligations under capital lease agreements which are included in "Item 4. Other Sectors" | 897 | 1,332 | 1,081 | 1,015 | 1,390 | 1,306 | 1,170 | 1,195 | 869 | 736 | 690 | 613 | 610 | 600 | 637 | 612 |
2/ Non-residents' holdings of short-term Philippine debt securities issued by the National Government. | ||||||||||||||||
3/ Includes non-residents' holdings of peso-denominated securities issued onshore starting 2023. | ||||||||||||||||
4/ Includes accumulated SDR allocations from the IMF, in line with BPM6. | ||||||||||||||||
5/ Includes outstanding Hybrid Tier 1 capital of banks. | ||||||||||||||||
Note: Amounts may not add up due to rounding | ||||||||||||||||
Source: International Operations Department |