Foreign Debt (USD) rose 9.14% to USD 121,402 bil in Philippines in 2023

Foreign Debt (USD) (USD bil), 2023
Economy | Philippines | September 1, 2025
$2.99
Excel Sheet

Foreign debt rose 9.14% to USD 121,402 bil in Philippines in 2023, according to the National Statistical Office.

Historically, foreign debt in Philippines reached an all time high of USD 121,402 bil in 2023 and an all time low of USD 2,196 bil in 1970.

Philippines has been ranked 16th within the group of 110 countries we follow in terms of foreign debt, 3 places above the position seen 10 years ago.

Foreign Debt (USD) Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Australia USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Cambodia USD bil 11,434 13,549 15,363 17,594 20,050
China USD bil 1,710,820 1,961,562 2,114,162 2,326,233 2,724,354
Hong Kong USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
India USD bil 511,576 521,176 561,017 564,979 611,987
Indonesia USD bil 353,689 379,852 402,380 417,061 417,868
Japan USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Laos USD bil 15,278 16,123 19,212 21,245 19,445
Malaysia USD bil ... ... ... ... ... ... ... ...
Philippines USD bil 73,145 78,996 83,649 98,504 106,450
Russia USD bil 519,203 477,785 485,793 460,934 481,418 ... ...
Singapore USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Taiwan USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Thailand USD bil 153,571 172,101 168,600 186,866 196,676
USA USD bil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Vietnam USD bil 109,893 112,622 122,496 129,479 139,853