National debt of the Philippines


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.Total outstanding debt: ₱16.02 trillion

General Government Debt

Fiscal yearDomesticForeignNational Government DebtGeneral Government Debt% of GDPGDP
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% 24,276