Philippines - Gross External Debt





Philippines: Gross External Debt

Mnemonic GDBTEXT.IPHL
Unit Mil. USD, NSA
Adjustments Not Seasonally Adjusted
Quarterly 1.74 %
Data 2019 Q3 82,674
2019 Q2 81,259

Series Information

Source Central Bank of Philippines (BSP)
Release External Debt - Quarterly
Frequency Quarterly
Start Date 12/31/2005
End Date 9/30/2019

Philippines: Government

Reference Last Previous Units Frequency
Government Budget Balance Nov 2019 -60,883 -49,262 Mil. PHP, NSA Monthly
Government Expenditures Nov 2019 365,632 310,815 Mil. PHP, NSA Monthly
Government Revenues Nov 2019 304,749 261,553 Mil. PHP, NSA Monthly
Outstanding Public Debt - Domestic Nov 2019 211,309 14,255 Mil. Pesos, NSA Monthly
Outstanding Public Debt - Foreign Nov 2019 10,535 10,947 Mil. Pesos, NSA Monthly
Gross External Debt 2019 Q3 82,674 81,259 Mil. USD, NSA Quarterly
Outstanding Public Debt 2019 Q3 1,850,287,127,200 1,809,427,858,600 NCU, NSA Quarterly

Release Information

External debt covers all short-term and medium-term obligations of the BSP, domestic commercial banks, public and private sectors payable to non-residents. The data is classified according to IMF's BPM6. 

Short-term external debt are those with maturities of one year or less, while medium- and long-term external debt consist of foreign borrowings with maturities of more than one year. Official external debt statistics cover only BSP approved/registered borrowings, disbursed and outstanding. However, for transparency, the exclusions from the official debt statistics are also reported as footnotes to the external debt data. These are (a) intercompany accounts (gross Due to Head Office/Branches) of Philippine branches of foreign banks; (b) private sector loans without BSP approval/registration; and (c) private sector obligations under capital lease agreements.

Intercompany accounts of Philippine branches of foreign banks are excluded because these are treated by the monetary authority as quasi-equity, in view of the token amount of permanently assigned capital required from these banks. Meanwhile, private sector loans without BSP approval/registration are also not included because these do not represent claims against foreign exchange resources of the financial system since payments for these accounts are not allowed to be funded with banking system resources.

Debts classes include:

  • General government
  • Monetary authorities
  • Banks
  • Other sectors
  • Direct investment: Intercompany lending

Source: International Operations Department