3  Total Philippine External Debt by Creditor Country 1/                    
  As of 31 December 2023 (valued at 29 December 2023 rates)                  
  In million US dollars                    
Creditor/Country Grand
 Total
                 
  Short-Term   Medium- and Long- Term  
  Total Public Private   Total Public Private  
Grand Total 125,394 17,096 361 16,735 108,298 77,468 30,830 a/
A. Bilateral Creditors, Banks and Other Financial Institutions, Suppliers and Others 51,342   16,894 174 16,720 b/ 34,448 11,241 23,207 c/
1. Japan 15,554   1,645 0 1,644   13,910 8,160 5,750  
2. China 4,652   402 1 401   4,250 355 3,895  
3. United Kingdom 4,180   2,293 0 2,293   1,887 167 1,720  
4. Singapore 3,990   2,122 37 2,085   1,868 0 1,868  
5. Taiwan 3,186   758 0 758   2,428   2,428  
6. Hong Kong 2,962   2,253 83 2,170   709   709  
7. Netherlands 2,763   609   609   2,154 28 2,126  
8. United States of America 2,475   1,607 45 1,562   868 206 662  
9. Germany, Federal Rep 1,451   473   473   977 88 889  
10. Cayman Islands 1,400   52   52   1,348   1,348  
11. France 1,243   51 0 51   1,191 1,134 57  
12. Korea, Republic of 1,134   245 0 245   888 710 179  
13. Australia 630   423 0 423   208   208  
14. Malaysia 409   322   322   87   87  
15. Virgin Island, British 328   196   196   132   132  
16. Switzerland 315   52 0 52   262 1 262  
17. Israel 257   11 4 7   246 246 0  
18. Kuwait 221   21 0 21   200   200  
19. India 208   13 0 13   195   195  
20. Bermuda 162   81   81   81   81  
21. Canada 158   150 0 150   8 4 4  
22. United Arab Emirates 132   57 1 56   75   75  
23. Belgium 119   107 0 107   11 5 7  
24. Thailand 75   24 0 23   52 0 51  
25. Italy 65   13   13   52 25 27  
26. Cyprus 63   3   3   61   61  
27. Spain 63   6   6   57 56 1  
28. South Africa 54   3   3   51 1 50  
29. Austria 48   2   2   46 44 2  
30. Saudi Arabia 46   39 1 37   7 7 0  
31. Luxembourg 40   10   10   30   30  
32. Mauritius 40   0   0   40   40  
33. Czech Republic 32           32   32  
34. Qatar 29   29   29   0   0  
35. Sweden 26   25   25   2 1 1  
36. Ireland 18   3 0 3   15   15  
37. Indonesia 16   13 0 13   3   3  
38. Denmark 12   7   7   6 0 5  
39. Kiribati 10   10   10          
40. Guam 9   8   8   0   0  
41. The Gambia 8   8   8          
42. Oman 6   6   6          
43. Brazil 4   1 0 1   3 3    
44. Bahrain 4   4 0 3   0   0  
45. Greece 4   4 0 4          
46. Vietnam 4   3   3   0   0  
47. New Zealand 3   3   3   0   0  
48. Niger 3   3   3          
49. Liechtenstein 3   0   0   3   3  
50. Portugal 3   0   0   3   3  
51. Brunei 2   2   2   0   0  
52. Mali 2   2   2          
53. Panama 2   2   2   0   0  
54. Iran 2   2 0 2   0   0  
55. Papua New Guinea 2   2   2   0   0  
56. Pakistan 2   2   2   0   0  
57. Finland 2   2   2          
58. Norway 2   2   2   0   0  
59. Jordan 1   1   1          
60. Belize 1   1   1   0   0  
61. Burma 1   1   1          
62. Egypt 1   1 0 1          
63. Nepal 1   1 0 1   0   0  
64. Kazakhstan 1   1   1          
65. Soviet Union 1   1   1          
66. Poland 1   1   1          
67. Belarus 1   1   1          
68. Other Countries 2,697   2,697 0 2,697 d/ 0   0  
69. Overseas Branches of Philippine Banks
       and Other Financial Institutions
3   3   3   0   0  
B. Multilateral 33,105   15   15   33,090 32,872 218  
1. A D B 15,124   15   15   15,109 15,015 94  
2. I B R D 12,420           12,420 12,420    
3. I M F - SDR Department 2/ 3,751           3,751 3,751    
4. A I I B 1,533           1,533 1,533    
5. I F C 123           123   123  
6. I F A D 113           113 113    
7. OPEC Special Fund 20           20 20    
8. I D A 11           11 11    
9. Others 10           10 8 2  
C. Bondholders/Noteholders 40,946 e/f/ 186 186   40,760 33,355 7,405  
                     
1/ Covers debt owed to non-residents, with classification by borrower based on primary obligor per covering
    loan/rescheduling agreement/document. Classification by creditor country is based on the location of the 
    creditor's head office.
 
2/ Based on the IMF's Articles of Agreement, all operations and transactions involving Special Drawing Rights (SDR)
    shall be conducted through the IMF's SDR Department. The IMF's SDR Department keeps  records of SDR allocations 
    to member and holdings of SDRs by members and prescribed holders.
 
a/ Includes US$10,918 million borrowings without BSP approval/registration and US$612 million obligations under
    capital lease agreements
 
b/ Includes ''Due to Head Office/Branches Abroad'' accounts of branches and offshore banking units of foreign banks
      operating in the Philippines amounting to US$2,634 million
 
c/ Includes ''Due to Head Office/Branches Abroad'' accounts of branches and offshore banking units of foreign banks
       operating in the Philippines amounting to US$31 million
 
d/ Includes DA/OA US$2,401 million and export advances US$252 million  
e/ Excludes residents' holdings of Philippine debt papers issued offshore aggregating US$22,217 million  
f/ Includes non-resident holdings of peso-denominated debt securities issued onshore amounting to US$4,368 million    
                     
Note: Amounts may not add up due to rounding                    
   Zero (0) denotes amount is less than US$0.5 million                    
                     
Source: International Operations Department