Philippines Government gross debt in Philippines

International Monetary Fund · Annual · Importance

IMF forecast (WEO): 2026: 60.2% 2027: 59.9% 2028: 59.2% 2029: 58.0% 2030: 56.4% 2031: 54.7%
54.2 (1999) ANUAL · % of GDP · Annual · CSV
Period% of GDP
Jan 1999 54.2
Jan 1998 50.8
Jan 1997 56.9
Jan 1996 53.1
Jan 1995 60.8
Jan 1994 63.6
Jan 1993 73.9

About this indicator

Source
International Monetary Fund
Frequency
Annual
Release
Published annually (with quarterly advance estimates in some economies), subject to revision with the national accounts.
What it is
Measures the total gross debt owed by the Philippines' government to its domestic and external creditors. Published by the Bureau of the Treasury, under the Department of Finance, it is reported in absolute terms and as a share of GDP.
How it's calculated
Calculated by summing domestic debt (peso-denominated Treasury bonds and bills) and external debt (foreign-currency loans and bonds). Outside the EU's EDP framework, it follows national and IMF standards; the debt-to-GDP ratio relates the stock to the size of the economy.
Market implications
The level of debt is key to the Philippines' investment-grade rating and risk premium. A moderate ratio underpins fiscal room; the foreign-currency share makes it sensitive to the peso, and its path is watched by markets and the central bank (BSP).
Limitations
It is a low-frequency, revisable series. Foreign-currency exposure means the ratio moves with the exchange rate, and the share of GDP depends on nominal GDP independently of the actual debt stock.