SELECTED EXTERNAL DEBT RATIOS 1/2/

for periods indicated

in million US dollars

Item 1985 1986 1987 1988 1989 1990 1991 1992

I. Debt Service Burden (DSB) 3/

Total 2830 3091 3005 3002 3139 3547 2828 2942

Principal 588 1117 1092 994 915 1712 1140 1607
Interest 2242 1974 1913 2008 2224 1835 1688 1335

II. Export Shipments 4629 4842 5720 7074 7821 8186 8841 9824

III. Exports of Goods, and Receipts 7917 8633 9174 10666 12407 13028 14464 17267
from Services & Primary Income 4/

IV. Current Account Receipts 8305 9078 9749 11444 13239 13745 15292 18093

V. Gross National Income (GNI) 30642 29974 34167 39458 44319 48354 51060 61526

VI. Gross Domestic Product (GDP) 34052 33093 36780 41975 47171 49095 50320 58695

VII. External Debt (End-of-Period)

Total 26389 29183 30585 29301 28707 28488 30099 30931

Public 19259 22755 24686 24054 23313 23454 24717 25099
Private 7130 6428 5899 5247 5394 5034 5383 5832

VIII. Gross International Reserves 1087 2506 2014 2111 2375 2048 4526 5338
(End-of-Period)

IX. Ratios (%)

1. DSB to Export Shipments 61.1 63.8 52.5 42.4 40.1 43.3 32.0 29.9

2. DSB to Exports of Goods, and 35.7 35.8 32.8 28.1 25.3 27.2 19.6 17.0
 Receipts from Services & Primary Income
3. DSB to Current Account Receipts 34.1 34.0 30.8 26.2 23.7 25.8 18.5 16.3
4. DSB to GNI 9.2 10.3 8.8 7.6 7.1 7.3 5.5 4.8
5. DSB to GDP 8.3 9.3 8.2 7.2 6.7 7.2 5.6 5.0
6. External Debt to GNI 86.1 97.4 89.5 74.3 64.8 58.9 58.9 50.3
7. External Debt to GDP 77.5 88.2 83.2 69.8 60.9 58.0 59.8 52.7
Public 56.6 68.8 67.1 57.3 49.4 47.8 49.1 42.8
Private 20.9 19.4 16.0 12.5 11.4 10.3 10.7 9.9
8. Gross International Reserves to 38.4 81.1 67.0 70.3 75.7 57.7 160.0 181.4
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 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/
Data for January - June
b/
Data as of end-June
c/
For comparability with annual figures, GNI and GDP were annualized by taking the sum over the past 4 quarters of the GNI and GDP, respectively.
d/
For comparability with annual figures, DSB was annualized by taking the total DSB over the past 12 months.
-
Not available
p/
Preliminary
Note: Details may not add up to total due to rounding

Date last modified:

16-Oct-2018
 BPM5-based concept

1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004

3229 4188 5032 5026 5596 5095 6583 6268 6536 7765 7951 7220
1791 2647 2853 2820 3029 2838 3820 3092 3627 5179 5428 4852
1438 1541 2179 2206 2567 2257 2763 3176 2909 2586 2523 2368

11375 13483 17447 20543 25228 29496 34243 37347 31313 34403 35339 38794

18872 24033 31821 39549 48063 43413 44975 48347 41537 45455 47079 52261

19618 25074 32968 40734 49733 44171 46403 49969 45057 49085 50684 55982

64247 76105 88468 102373 101927 82606 94451 94965 90091 96489 99092 107670

60237 71003 82121 91792 91234 72207 82995 81023 76262 81358 83908 91371

34848 37520 37871 40051 43130 46310 51157 51358 52047 53802 57567 55027
29136 30610 29923 27176 26866 30098 34518 34288 33542 35692 39671 38076
5712 6910 7948 12875 16263 16212 16639 17070 18504 18110 17897 16951

5922 7142 7786 11773 8799 10842 15064 15063 15692 16365 17063 16228

28.4 31.1 28.8 24.5 22.2 17.3 19.2 16.8 20.9 22.6 22.5 18.6

17.1 17.4 15.8 12.7 11.6 11.7 14.6 13.0 15.7 17.1 16.9 13.8
 16.5 16.7 15.3 12.3 11.3 11.5 14.2 12.5 14.5 15.8 15.7 12.9
5.0 5.5 5.7 4.9 5.5 6.2 7.0 6.6 7.3 8.0 8.0 6.7
5.4 5.9 6.1 5.5 6.1 7.1 7.9 7.7 8.6 9.5 9.5 7.9
54.2 49.3 42.8 39.1 42.3 56.1 54.2 54.1 57.8 55.8 58.1 51.1
57.9 52.8 46.1 43.6 47.3 64.1 61.6 63.4 68.2 66.1 68.6 60.2
48.4 43.1 36.4 29.6 29.4 41.7 41.6 42.3 44.0 43.9 47.3 41.7
9.5 9.7 9.7 14.0 17.8 22.5 20.0 21.1 24.3 22.3 21.3 18.6
183.4 170.5 154.7 234.2 157.2 212.8 228.8 240.3 240.1 210.8 214.6 224.8
 BPM6-based concept

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

7499 7530 6993 7042 6880 7402 7793 6604 7535 6354 5584 7188
4908 4841 4132 4139 4321 4779 4952 3557 4615 3571 2998 4602
2591 2689 2861 2903 2559 2623 2841 3047 2921 2782 2587 2586

25162 30734 32803 34679 29143 36772 38276 46384 44512 49824 43197 42734

46308 57863 65112 67065 62389 74863 79056 89948 92151 101309 99563 102876

50330 61357 68329 70775 66603 79211 83836 95137 97886 107546 105851 108905

122202 143938 174831 203782 204425 240579 268494 301388 330277 344879 354141 367013

103072 122211 149360 173603 168485 199591 224143 250092 271836 284585 292774 304889

61555 61372 66508 65228 64738 73594 75569 79949 78489 77674 77474 74763
36669 37381 37987 40636 43234 46197 46363 45175 40524 39346 38273 37470
24886 23991 28521 24592 21504 27397 29206 34774 37965 38327 39201 37293

18494 22967 33751 37551 44243 62373 75302 83831 83187 79541 80667 80692

29.8 24.5 21.3 20.3 23.6 20.1 20.4 14.2 16.9 12.8 12.9 16.8

16.2 13.0 10.7 10.5 11.0 9.9 9.9 7.3 8.2 6.3 5.6 7.0
 14.9 12.3 10.2 9.9 10.3 9.3 9.3 6.9 7.7 5.9 5.3 6.6
6.1 5.2 4.0 3.5 3.4 3.1 2.9 2.2 2.3 1.8 1.6 2.0
7.3 6.2 4.7 4.1 4.1 3.7 3.5 2.6 2.8 2.2 1.9 2.4
50.4 42.6 38.0 32.0 31.7 30.6 28.1 26.5 23.8 22.5 21.9 20.4
59.7 50.2 44.5 37.6 38.4 36.9 33.7 32.0 28.9 27.3 26.5 24.5
35.6 30.6 25.4 23.4 25.7 23.1 20.7 18.1 14.9 13.8 13.1 12.3
24.1 19.6 19.1 14.2 12.8 13.7 13.0 13.9 14.0 13.5 13.4 12.2
246.6 305.0 482.6 533.3 643.0 842.6 966.3 1269.4 1103.9 1251.9 1444.5 1122.5
 January - July
2017 2017 2018 p/

7323 4421 4062

4768 2904 2461
2555 1517 1601

51865 30141 29563

118400 67597 70096

125092 71353 73812

377089 182226 a/
191473 a/

313595 150565 a/
158576 a/

73098 72493 b/
72199 b/

37510 37490 b/
37970 b/

35588 35003 b/
34229 b/

81570 81065 76722

14.1 14.7 13.7

6.2 6.5 5.8

 5.9 6.2 5.5
1.9 2.1 a/
1.9 a/

2.3 2.5 a/
2.3 a/

19.4 19.5 b/ c/
18.7 b/ c/

23.3 23.5 b/ c/
22.5 b/ c/

12.0 12.2 b/ c/
11.8 b/ c/

11.3 11.3 b/ c/
10.6 b/ c/

1113.9 1110.0 d/
1101.6 d/