The national debt in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 117.1 billion U.S. dollars (+44.38 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 380.93 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.As defined by the International Monetary Fund, the general government 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.Find more key insights for the national debt in countries like Vietnam, Singapore, and Brunei.

Philippines recorded a Government Debt to GDP of 60.10 percent of the country's Gross Domestic Product in 2023. This dataset provides - Philippines Government Debt To GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of national debt to gross domestic product (GDP) in the Philippines was forecast to continuously decrease between 2024 and 2029 by in total 3.4 percentage points. According to this forecast, in 2029, the ratio will have decreased for the fourth consecutive year to 54.21 percent. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, 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. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Singapore, Malaysia, and Cambodia.

Key information about Philippines Household Debt

• Philippines Household Debt reached 53.2 USD bn in Dec 2024, compared with the reported number of 52.2 USD bn in the previous quarter
• Philippines Household Debt: USD mn data is updated quarterly, available from Mar 2009 to Dec 2024
• The data reached an all-time high of 53.2 USD bn in Dec 2024 and a record low of 8.0 USD bn in Mar 2009

• In the latest reports, Philippines Household Debt accounted for 11.7 % of the country's Nominal GDP in Dec 2024
• Money Supply M2 in Philippines increased 303.6 USD bn YoY in Jan 2025
• Philippines Foreign Exchange Reserves was measured at 90.8 USD bn in Dec 2024
• The Foreign Exchange Reserves equaled 7.6 Months of Import in Jan 2025
• Philippines Domestic Credit reached 347.3 USD bn in Jan 2025, representing an increased of 10.9 % YoY

AS of the end of 2022, the amount of debt of every adult in the Philippines amounted to 1,231 U.S. dollars, indicating an increase from the previous year. Debt per adult in the country gradually increased since 2012, except for a slight decline in 2021.

The national debt in Indonesia was forecast to continuously increase between 2024 and 2029 by in total 243.6 billion U.S. dollars (+41.62 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 828.81 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.The indicator describes the general government gross debt which 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.Find more key insights for the national debt in countries like Vietnam, Philippines, and Malaysia.

Indonesia, Philippines, Malaysia, and Cambodia Debt Collection Software Market is anticipated to grow at a CAGR of 9.6% during the forecast period, with an estimated size and share exceeding USD 554220.39 million by 2034.

The ratio of national debt to gross domestic product (GDP) in Thailand was forecast to increase between 2024 and 2029 by in total 1.1 percentage points. This overall increase does not happen continuously, notably not in 2027, 2028 and 2029. The ratio is estimated to amount to 66.06 percent in 2029. Notably, the ratio of national debt to gross domestic product (GDP) was continuously increasing over the past years.Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, 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. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Singapore, Indonesia, and Philippines.

The budget balance in relation to the GDP in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 2.2 percentage points. According to this forecast, in 2029, the budget balance will have increased for the fourth consecutive year to -1.68 percent. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Laos, Singapore, and Indonesia.

The national debt in Laos was forecast to continuously increase between 2024 and 2029 by in total 34.7 billion U.S. dollars (+210.56 percent). After the tenth consecutive increasing year, the national debt is estimated to reach 51.18 billion U.S. dollars and therefore a new peak in 2029. Notably, the national debt was continuously increasing over the past years.According to the International Monetary Fund, the general government 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.Find more key insights for the national debt in countries like Singapore, Philippines, and Malaysia.

The ratio of national debt to gross domestic product (GDP) in Singapore was forecast to continuously increase between 2024 and 2029 by in total 3.2 percentage points. After the eighth consecutive increasing year, the ratio is estimated to reach 178.36 percent and therefore a new peak in 2029. Depicted here is the general government gross debt in relation to the country's GDP. According to the International Monetary Fund, 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. The GDP, on the other hand, refers to the total value of final goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Cambodia, Vietnam, and Philippines.