Selected External Debt Ratios ^{1, 2}
in million US dollars; for periods indicated

							January - February ^p
		I t e m	2022	2023	2024	2025 ^p	2025		2026

	I.	Debt Service Burden (DSB) ³

		Total	8,483	14,852	16,995	13,159	1,617		2,127
		Principal	4,613	7,757	8,762	5,106	386		884
		Interest	3,871	7,095	8,233	8,052	1,232		1,243

	II.	Export Shipments	57,710	55,257	55,056	63,411	10,320		12,164

	III.	Exports of Goods, and Receipts	135,329	144,157	148,300	158,429	25,527		27,429
		from Services & Primary Income ⁴

	IV.	Current Account Receipts	143,234	152,172	156,157	166,415	26,811		28,714

	V.	Gross National Income (GNI)	428,113	484,954	521,597	559,930	-		-

	VI.	Gross Domestic Product (GDP)	404,353	437,056	461,671	487,086	-		-

	VII.	External Debt (End-of-Period)

		Total	111,268	125,394	137,628	147,651	-		-
		Public	67,406	77,829	85,340	94,867	-		-
		Private	43,862	47,565	52,288	52,784	-		-

	VIII.	Gross International Reserves	96,149	103,753	106,256	110,833	107,395		113,264
		(End-of-Period)

	IX.	Ratios (%)

	1.	DSB to Export Shipments	14.7	26.9	30.9	20.8	15.7		17.5
	2.	DSB to Exports of Goods, and	6.3	10.3	11.5	8.3	6.3		7.8
		Receipts from Services & Primary Income
	3.	DSB to Current Account Receipts	5.9	9.8	10.9	7.9	6.0		7.4
	4.	DSB to GNI	2.0	3.1	3.3	2.4	-		-
	5.	DSB to GDP	2.1	3.4	3.7	2.7	-		-
	6.	External Debt to GNI	26.0	25.9	26.4	26.4	-		-
	7.	External Debt to GDP	27.5	28.7	29.8	30.3	-		-
		Public	16.7	17.8	18.5	19.5	-		-
		Private	10.8	10.9	11.3	10.8	-		-
	8.	Gross International Reserves to	1,133.4	698.6	625.2	842.3	664.5	^a	828.7	^a
		Debt Service Burden

	¹	In 2000, the BSP adopted the Balance of Payments Manual, Fifth Edition (BPM5) for the compilation of its Balance of Payments (BOP) statistics starting with the 1999 series.
		In March 2014, the BSP completed its shift to the Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), covering BOP data from 2005.
	²	In March 2015, external debt data were revised to reflect the new reporting framework in line with international standards under the latest External Debt Statistics Guide
		and the BPM6.
	³	Debt service burden represents principal and interest payments. In accordance with internationally-accepted concept, the DSB data consists of:
		a. Principal and interest payments on fixed medium- and long-term (MLT) credits including International Monetary Fund (IMF) credits and New Money Facilities
		b. Interest payments on fixed and revolving short-term (ST) liabilities of banks and non-banks
		but excludes the following:
		a. Prepayments on future years' maturities of foreign loans
		b. Principal payments on fixed and revolving ST liabilities of banks and non-banks
	⁴	Primary income receipts include investment income and overseas Filipino (OF) cash remittances that were coursed through and reported by banks.
	Details may not add up to total due to rounding.
	^a	For comparability with annual figures, DSB was annualized by taking the total DSB over the past 12 months.
	^p	preliminary
	^-	not available
	Source: Bangko Sentral ng Pilipinas