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/	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	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	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024
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	71,003	72,313	73,232	80,139	79,320
a. Short-term													186	34	37	334	363
Currency and deposits
Debt securities 2/													186	34	37	334	363
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	70,817	72,279	73,195	79,805	78,957
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	32,522	32,597	33,965	38,348	36,735
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	38,294	39,682	39,230	41,457	42,222
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	3,849	3,799	3,774	3,890	3,735
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	3,849	3,799	3,774	3,890	3,735
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	3,751	3,702	3,678	3,792	3,646
Currency and deposits
Debt securities	173	159	167	173	172	171	156	157	152	127	120	112	97	97	96	98	88
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	20,391	21,993	23,423	24,993	24,545
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	13,254	13,089	13,891	16,838	16,639
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	2,842	2,476	2,450	2,668	2,657
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	10,412	10,614	11,441	14,170	13,982
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	7,136	8,904	9,532	8,155	7,906
Currency and deposits	95	31	28	48	172	152	217	256	264	121	215	249	249	254	247	253	247
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	2,997	4,399	4,813	3,827	3,842
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	3,891	4,250	4,472	4,075	3,818
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	26,109	26,570	25,585	26,562	25,883
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	3,655	3,975	3,970	3,944	3,943
Currency and deposits
Loans	403	408	566	715	710	308	214	664	615	670	659	678	520	743	664	485	791
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	3,136	3,232	3,306	3,459	3,153
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	22,454	22,596	21,615	22,618	21,939
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	5,143	5,113	4,465	5,006	4,081
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	17,016	17,175	16,850	17,215	17,422
Trade credits and advances	876	1,057	1,028	1,010	684	148	159	199	155	178	258	309	294	308	301	398	436
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	4,042	4,016	4,169	4,059	4,145
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	4,042	4,016	4,169	4,059	4,145
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	125,394	128,692	130,182	139,643	137,628
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	2,665	2,596	2,904	2,801	2,412
(b) Private sector borrowings 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	10,918	7,744	7,368	10,271	9,949
(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	612	591	564	542	514
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