Short-term debt in Philippines
Philippines: Short-term debt was 15.3% in 2024. ◆ Volatile
Short-term debt in Philippines, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Philippines is 15.3%, measured in 2024.
The figure is up 11.3% on the previous year and down 26.0% over ten years.
Over the whole period, short-term debt in Philippines peaked at 46.4% in 1982 and was at its lowest, 7.2%, in 2009.
That places Philippines 36th out of 121 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 29.2% | 26.5% | 40.0% | 10 |
| 1980s | 30.6% | 12.7% | 46.4% | 10 |
| 1990s | 14.8% | 8.5% | 23.3% | 10 |
| 2000s | 9.8% | 7.2% | 12.0% | 10 |
| 2010s | 20.0% | 16.1% | 24.2% | 10 |
| 2020s | 14.5% | 13.7% | 15.3% | 5 |
Countries ranked near Philippines
More external debt data for Philippines
- IFC, private nonguaranteed 332.92 million NFL, US$ (2024)
- Public and publicly guaranteed debt service 1.9% (2024)
- Net financial flows, IDA -2.33 million NFL, current US$ (2024)
- Net financial flows, IBRD 2.25 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
- Multilateral debt service 33.2% (2024)
- Multilateral debt service 3.21 billion TDS, current US$ (2024)
- Debt service on external debt, public and publicly guaranteed (PPG) 9.67 billion TDS, current US$ (2024)
- IMF repurchases and charges 142.86 million TDS, current US$ (2024)
- PPG, official creditors 4.91 billion NFL, US$ (2024)
Frequently asked questions
- What is short-term debt in Philippines?
- Short-term debt in Philippines was 15.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Philippines?
- The highest recorded value was 46.4% in 1982.
- What is the lowest short-term debt recorded in Philippines?
- The lowest recorded value was 7.2% in 2009.
- How does Philippines rank for short-term debt?
- Philippines ranks 36th out of 121 countries with data for 2024.
- Is short-term debt rising or falling in Philippines?
- Over the last ten years it is down 26.0%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.