Philippines Public debt

Factbook > Countries > Philippines > Economy

Public debt: 50.2% of GDP (2013 est.)
51.5% of GDP (2012 est.)
note: data cover debt issued by the national government, and excludes debt instruments issued by government entities other than the treasury; the data include treasury debt held by foreign entities; the data exclude debt issued by social security institutions, government-owned and controlled corporations, the Central Bank, and local government units

Definition: This entry records the cumulative total of all government borrowings less repayments that are denominated in a country's home currency. Public debt should not be confused with external debt, which reflects the foreign currency liabilities of both the private and public sector and must be financed out of foreign exchange earnings.

Source: CIA World Factbook - This page was last updated on June 30, 2015

See Also

Related Data From the International Monetary Fund

Variable: General government gross debt

Note: Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

Units: Percent of GDP

Country-specific Note: See notes for: General government gross debt (National currency).

Source: International Monetary Fund, World Economic Outlook Database, April 2015

YearGeneral government gross debtPercent Change
199562.718-4.30 %
199654.727-12.74 %
199758.6827.23 %
199851.058-12.99 %
199953.5834.95 %
200058.7749.69 %
200158.8310.10 %
200263.2567.52 %
200368.0367.56 %
200465.804-3.28 %
200559.169-10.08 %
200651.582-12.82 %
200744.64-13.46 %
200844.167-1.06 %
200944.3430.40 %
201043.462-1.99 %
201141.412-4.72 %
201240.585-2.00 %
201339.094-3.67 %
201437.228-4.77 %

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