Philippines: Short-term debt to reserves
* indicates monthly or quarterly data series
| Philippines |
Short-term external debt, percent of international reserves |
|---|---|
| Latest value | 16.48 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1970 - 2023 |
| Average | 142.88 |
| Min - Max | 9.05 - 1,120.31 |
| Source | The World Bank |
The latest value from 2023 is 16.48 percent, a decline from 17.3 percent in 2022. In comparison, the world average is 77.28 percent, based on data from 83 countries. Historically, the average for the Philippines from 1970 to 2023 is 142.88 percent. The minimum value, 9.05 percent, was reached in 2009 while the maximum of 1120.31 percent was recorded in 1984.
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* indicates monthly or quarterly data series
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Definition: Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total reserves includes gold.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 95.83 | 2021 | percent |
| Trade openness | 67.40 | 2023 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 26.65 | 2023 | percent |
| Exports, billion dollars | 116.52 | 2023 | billion U.S. dollars |
| Growth of exports | 1.44 | 2023 | percent |
| Imports, percent of GDP | 40.74 | 2023 | percent |
| Imports, billion dollars | 178.11 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.03 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 9.12 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 396.30 | 2023 | million dollars (current) |
| Current account, percent of GDP | -0.40 | 2023 | percent |
| Current account, in dollars | -11.82 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -14.09 | 2023 | percent |
| Trade balance, in dollars | -47.20 | 2023 | billion U.S. dollars |
| Reserves | 103.74 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 8.94 | 2023 | percent |
| Remittances | 39,096.89 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,353.78 | 2023 | million USD |
| External debt | 25.98 | 2022 | percent |
| Short-term external debt | 14.08 | 2023 | percent |
| Short-term debt to reserves | 16.48 | 2023 | percent |
| Foreign exchange reserves | 106.84 | 12/2024 | billion |