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SELECTED EXTERNAL
DEBT RATIOS 1,
2 |
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for periods indicated |
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in million US dollars |
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January
p |
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I t e m |
2020 |
2021 |
2022 |
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2023 |
p |
2023 |
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2024 |
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I. |
Debt Service Burden (DSB)
3 |
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Total |
7,535 |
9,117 |
8,483 |
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14,752 |
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823 |
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1,729 |
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Principal |
4,948 |
6,959 |
4,613 |
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7,713 |
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259 |
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1,052 |
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Interest |
2,588 |
2,157 |
3,871 |
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7,039 |
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564 |
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676 |
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II. |
Export Shipments |
48,212 |
54,228 |
57,710 |
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55,316 |
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3,919 |
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4,555 |
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III. |
Exports of Goods, and Receipts |
112,981 |
122,222 |
135,329 |
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144,164 |
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10,899 |
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12,179 |
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from Services & Primary Income 4 |
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IV. |
Current Account Receipts |
119,867 |
130,082 |
143,234 |
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152,101 |
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11,563 |
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12,810 |
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V. |
Gross National Income (GNI) |
389,166 |
408,104 |
428,113 |
r |
485,155 |
r |
- |
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- |
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VI. |
Gross Domestic Product (GDP) |
361,751 |
394,087 |
404,353 |
r |
437,146 |
r |
- |
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- |
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VII. |
External Debt (End-of-Period) |
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Total |
98,488 |
106,428 |
111,268 |
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125,394 |
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- |
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- |
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Public |
58,119 |
63,934 |
67,406 |
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77,829 |
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- |
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- |
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Private |
40,369 |
42,494 |
43,862 |
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47,565 |
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- |
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- |
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VIII. |
Gross International Reserves |
110,117 |
108,794 |
96,149 |
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103,753 |
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100,666 |
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103,270 |
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(End-of-Period) |
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IX. |
Ratios (%) |
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1. |
DSB to Export Shipments |
15.6 |
16.8 |
14.7 |
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26.7 |
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21.0 |
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37.9 |
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2. |
DSB to Exports of Goods, and |
6.7 |
7.5 |
6.3 |
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10.2 |
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7.6 |
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14.2 |
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Receipts from Services & Primary Income |
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3. |
DSB to Current Account Receipts |
6.3 |
7.0 |
5.9 |
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9.7 |
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7.1 |
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13.5 |
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4. |
DSB to GNI |
1.9 |
2.2 |
2.0 |
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3.0 |
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- |
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- |
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5. |
DSB to GDP |
2.1 |
2.3 |
2.1 |
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3.4 |
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- |
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- |
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6. |
External Debt to GNI |
25.3 |
26.1 |
26.0 |
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25.8 |
r |
- |
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- |
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7. |
External Debt to GDP |
27.2 |
27.0 |
27.5 |
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28.7 |
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- |
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- |
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Public |
16.1 |
16.2 |
16.7 |
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17.8 |
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- |
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- |
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Private |
11.2 |
10.8 |
10.8 |
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10.9 |
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- |
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- |
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8. |
Gross International Reserves to |
1,461.3 |
1,193.4 |
1,133.4 |
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703.3 |
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1,138.1 |
a |
659.6 |
a |
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Debt Service Burden |
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1 |
In 2000, the BSP adopted the Balance of
Payments Manual, Fifth Edition (BPM5) for the compilation of its Balance of
Payments |
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(BOP) statistics starting with the 1999
series. In March 2014, the BSP
completed its shift to the Balance of Payments and |
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International Investment Position
Manual, Sixth Edition (BPM6),covering
BOP data from 2005. |
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2 |
In March 2015, external debt data were revised
to reflect the new reporting framework in line with international standards
under |
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the
latest External Debt Statistics Guide and the BPM6. |
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3 |
Debt service burden represents principal and
interest payments after
rescheduling. In accordance with
internationally-accepted |
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concept, the DSB data consists of: |
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a. Principal and interest
payments on fixed MLT credits including IMF credits, loans covered by the
Paris Club and commercial |
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banks' rescheduling, and New Money Facilities |
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b. Interest payments on fixed
and revolving short-term liabilities of banks and non-banks |
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but excludes the following: |
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a. Prepayments on future years'
maturities of foreign loans |
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b. Principal payments on fixed
and revolving ST liabilities of banks and non-banks |
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4 |
Primary income receipts include investment
income and OF cash remittances that were coursed through and reported by
banks. |
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a |
For comparability with annual figures, DSB was
annualized by taking the total DSB over the past 12 months. |
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- |
Not available |
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r |
Revised. Starting 2000, GDP and GNI data are
based on the revised Philippine System of National Accounts series released
in April 2024 by |
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the Philippine Statistics Authority. |
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p |
Preliminary |
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Note: Details may not add up to total due to
rounding |
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