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