Selected External Debt Ratios  1, 2
in million US dollars; for periods indicated
							January - March p
		I t e m	2021	2022	2023	2024 p	2024		2025
	I.	Debt Service Burden (DSB)  3
		Total	9,117	8,483	14,852	17,164	3,348		3,170
		Principal	6,959	4,613	7,757	8,944	1,489		1,276
		Interest	2,157	3,871	7,095	8,220	1,858		1,894
	II.	Export Shipments	54,228	57,710	55,257	55,012	14,492		14,666
	III.	Exports of Goods, and Receipts	122,222	135,329	144,157	149,752	37,090		37,656
		from Services & Primary Income 4
	IV.	Current Account Receipts	130,082	143,234	152,172	157,609	39,010		39,535
	V.	Gross National Income (GNI)	408,104	428,113	484,954	521,766	122,939		130,347
	VI.	Gross Domestic Product (GDP)	394,087	404,353	437,056	461,618	109,344		113,624
	VII.	External Debt (End-of-Period)
		Total	106,428	111,268	125,394	137,628	128,692		146,737
		Public	63,934	67,406	77,829	85,340	78,902		91,535
		Private	42,494	43,862	47,565	52,288	49,790		55,202
	VIII.	Gross International Reserves	108,794	96,149	103,753	106,256	104,068		106,670
		(End-of-Period)
	IX.	Ratios (%)
	1.	DSB to Export Shipments	16.8	14.7	26.9	31.2	23.1		21.6
	2.	DSB to Exports of Goods, and	7.5	6.3	10.3	11.5	9.0		8.4
		Receipts from Services & Primary Income
	3.	DSB to Current Account Receipts	7.0	5.9	9.8	10.9	8.6		8.0
	4.	DSB to GNI	2.2	2.0	3.1	3.3	2.7		2.4
	5.	DSB to GDP	2.3	2.1	3.4	3.7	3.1		2.8
	6.	External Debt to GNI	26.1	26.0	25.9	26.4	25.9		27.7
	7.	External Debt to GDP	27.0	27.5	28.7	29.8	29.0		31.5
		Public	16.2	16.7	17.8	18.5	17.8		19.7
		Private	10.8	10.8	10.9	11.3	11.2		11.9
	8.	Gross International Reserves to	1,193.4	1,133.4	698.6	619.1	752.9	a	628.0	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  after rescheduling.  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, loans covered by the Paris Club and
		commercial banks' rescheduling, 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
	Source: Bangko Sentral ng Pilipinas