The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion).
Total outstanding debt: ₱16.02 trillion ($276.27 billion) (61.3% of GDP) (October 2024) ∟Domestic debt: ₱10.89 trillion ($187.80 billion) (41.6% of GDP) (October 2024) ∟External debt: ₱5.13 trillion ($88.47 billion) (19.6% of GDP) (October 2024) Gross external debt: $111.3 billion (27.5% of GDP) (F.Y. 2021-22)
General Government Debt
+ General Government Debt of the Philippines in billions of pesosFiscal yearDomesticForeignNational Government DebtGeneral Government Debt % of GDP GDP 2005 2,164.3 1,723.9 3,888.2 3,359.5 56.8% 5,917.3 2006 2,154.1 1,697.4 3,851.5 3,230.0 49.3% 6,550.4 2007 2,201.2 1,511.3 3,712.5 3,044.2 42.3% 7,198.2 2008 2,414.4 1,806.5 4,220.9 3,406.5 49.3% 8,050.2 2009 2,470.0 1,926.6 4,396.6 3,555.7 42.4% 8,390.4 2010 2,718.2 2,000.0 4,718.2 3,854.7 41.0% 9,399.5 2011 2,873.4 2,077.8 4,951.2 4,020.4 39.6% 10,144.7 2012 3,468.4 1,968.7 5,437.1 4,288.7 38.8% 11,060.6 2013 3,733.4 1,947.7 5,681.2 5,012.0 37.6% 12,050.6 2014 3,820.6 1,914.6 5,735.2 5,099.3 34.8% 13,206.8 2015 3,884.4 2,070.2 5,954.5 5,338.2 34.6% 13,994.2 2016 3,934.1 2,156.2 6,090.3 5,547.8 33.2% 15,132.4 2017 4,441.3 2,211.2 6,652.4 6,221.4 34.9% 16,556.7 2018 4,776.9 2,515.6 7,292.5 6,887.3 34.4% 18,265.2 2019 5,128.0 2,604.0 7,731.3 7,227.7 39.6% 19,516.4 2020 7,077.0 2,950.0 9,795.0 9,269.2 53.9% 17,937.6 2021 8,170.4 3,558.1 11,728.5 11,167.6 58.1% 19,390 2022 9,208.4 4,210.5 13,418.9 12,887.9 60.9% 22,023 2023 9,700.0 4,450.0 14,150.0 58.3% 24,2762024 10,930.0 5,120.0 16,050.0 60.7%
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