SELECTED EXTERNAL DEBT RATIOS  1, 2                
  for periods indicated                    
  in million US dollars                    
  January - August p  
   I t e m 2017 2018 2019 2020 2020 2021  
                         
   
  I. Debt Service Burden (DSB)  3  
   
  Total 7,309 8,116 8,702 7,250 5,416 6,796  
  Principal 4,768 5,180 5,632 4,937 3,717 5,262  
  Interest 2,541 2,936 3,069 2,313 1,700 1,533  
   
  II. Export Shipments 51,814 51,977 53,477 48,219 30,333 36,318  
   
  III. Exports of Goods, and Receipts  117,363 123,028 129,449 112,680 71,927 79,524  
  from Services & Primary Income 4  
   
  IV. Current Account Receipts 124,126 129,980 136,889 119,744 76,411 84,634  
   
  V. Gross National Income (GNI) 364,719 383,817 414,552 389,324 185,733 a/ 195,071 a/, r  
   
  VI. Gross Domestic Product (GDP) 328,481 346,842 376,823 361,489 169,422 a/ 189,147 a/, r  
   
  VII. External Debt (End-of-Period)  
   
  Total 73,098 78,960 83,618 98,488 87,453 b/ 101,186 b/  
  Public 37,510 39,703 42,794 58,119 50,980 b/ 59,932 b/  
  Private 35,588 39,256 40,824 40,369 36,473 b/ 41,254 b/  
   
  VIII. Gross International Reserves 81,570 79,193 87,840 110,117 98,955 107,965  
  (End-of-Period)  
   
  IX. Ratios (%)  
   
  1. DSB to Export Shipments 14.1 15.6 16.3 15.0 17.9 18.7  
  2. DSB to Exports of Goods, and  6.2 6.6 6.7 6.4 7.5 8.5  
  Receipts from Services & Primary Income  
  3. DSB to Current Account Receipts 5.9 6.2 6.4 6.1 7.1 8.0  
  4. DSB to GNI 2.0 2.1 2.1 1.9 2.4 a/ 2.8 a/  
  5. DSB to GDP 2.2 2.3 2.3 2.0 2.6 a/ 2.9 a/  
  6. External Debt to GNI 20.0 20.6 20.2 25.3 21.6 b/, c/ 25.4 b/, c/  
  7. External Debt to GDP 22.3 22.8 22.2 27.2 23.7 b/, c/ 26.5 b/, c/  
  Public 11.4 11.4 11.4 16.1 13.8 b/, c/ 15.7 b/, c/  
  Private 10.8 11.3 10.8 11.2 9.9 b/, c/ 10.8 b/, c/  
  8. Gross International Reserves to 1,116.0 975.8 1,009.5 1,518.9 1,160.5 d/ 1,251.2 d/  
  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 MLT credits including 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 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 OF cash remittances that were coursed through and reported by banks. 
  a/ Data for January - June  
  b/ Data as of end-June  
  c/ For comparability with annual figures, GNI and GDP were annualized by taking the sum over the past 4 quarters of the GNI and GDP, respectively.
  d/ For comparability with annual figures, DSB was annualized by taking the total DSB over the past 12 months.  
  r Revised  
  p Preliminary  
  Note: Details may not add up to total due to rounding