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