SELECTED EXTERNAL DEBT RATIOS  1, 2                  
  for periods indicated                    
  in million US dollars                    
  January p
   I t e m 2020 2021 2022 2023 p 2023 2024  
                         
   
  I. Debt Service Burden (DSB)  3  
   
  Total 7,535 9,117 8,483 14,752 823 1,729  
  Principal 4,948 6,959 4,613 7,713 259 1,052  
  Interest 2,588 2,157 3,871 7,039 564 676  
   
  II. Export Shipments 48,212 54,228 57,710 55,316 3,919 4,555  
   
  III. Exports of Goods, and Receipts  112,981 122,222 135,329 144,164 10,899 12,179  
  from Services & Primary Income 4  
   
  IV. Current Account Receipts 119,867 130,082 143,234 152,101 11,563 12,810  
   
  V. Gross National Income (GNI) 389,166 408,104 428,113 r 485,155 r - -  
   
  VI. Gross Domestic Product (GDP) 361,751 394,087 404,353 r 437,146 r - -  
   
  VII. External Debt (End-of-Period)  
   
  Total 98,488 106,428 111,268 125,394 - -  
  Public 58,119 63,934 67,406 77,829 - -  
  Private 40,369 42,494 43,862 47,565 - -  
   
  VIII. Gross International Reserves 110,117 108,794 96,149 103,753 100,666 103,270  
  (End-of-Period)  
   
  IX. Ratios (%)  
   
  1. DSB to Export Shipments 15.6 16.8 14.7 26.7 21.0 37.9  
  2. DSB to Exports of Goods, and  6.7 7.5 6.3 10.2 7.6 14.2  
  Receipts from Services & Primary Income  
  3. DSB to Current Account Receipts 6.3 7.0 5.9 9.7 7.1 13.5  
  4. DSB to GNI 1.9 2.2 2.0 3.0 - -  
  5. DSB to GDP 2.1 2.3 2.1 3.4 - -  
  6. External Debt to GNI 25.3 26.1 26.0 25.8 r - -  
  7. External Debt to GDP 27.2 27.0 27.5 28.7 - -  
  Public 16.1 16.2 16.7 17.8 - -  
  Private 11.2 10.8 10.8 10.9 - -  
  8. Gross International Reserves to 1,461.3 1,193.4 1,133.4 703.3 1,138.1 a 659.6 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 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 For comparability with annual figures, DSB was annualized by taking the total DSB over the past 12 months.  
  - Not available  
  r Revised. Starting 2000, GDP and GNI data are based on the revised Philippine System of National Accounts series released in April 2024 by   
  the Philippine Statistics Authority.  
  p Preliminary  
   
  Note: Details may not add up to total due to rounding