Total reserves (% of total external debt) in Philippines
Philippines: Total reserves (% of total external debt) was 77.5% in 2024. ◆ Volatile
Total reserves in Philippines, 1971–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for total reserves in Philippines is 77.5%, measured in 2024.
That represents a change of down 7.0% on the previous year and down 23.4% over ten years.
Over the whole period, total reserves in Philippines peaked at 123.1% in 2012 and was at its lowest, 3.5%, in 1984.
Philippines ranks 22nd of 112 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves (% of total external debt) in Philippines, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1971 | 16.2% | — |
| 1972 | 22.5% | +38.5% |
| 1973 | 40.3% | +79.1% |
| 1974 | 50.1% | +24.5% |
| 1975 | 35.1% | -30.0% |
| 1976 | 28.8% | -17.9% |
| 1977 | 20.2% | -29.8% |
| 1978 | 19.5% | -3.3% |
| 1979 | 23.5% | +20.3% |
| 1980 | 22.8% | -2.8% |
| 1981 | 13.8% | -39.8% |
| 1982 | 7.1% | -48.2% |
| 1983 | 3.5% | -50.3% |
| 1984 | 3.5% | -2.1% |
| 1985 | 4.1% | +18.9% |
| 1986 | 9.3% | +124.6% |
| 1987 | 7.8% | -16.2% |
| 1988 | 7.5% | -3.4% |
| 1989 | 8.4% | +11.7% |
| 1990 | 6.7% | -20.4% |
| 1991 | 13.7% | +105.0% |
| 1992 | 16.1% | +17.6% |
| 1993 | 16.4% | +2.2% |
| 1994 | 17.8% | +8.1% |
| 1995 | 19.8% | +11.3% |
| 1996 | 26.8% | +35.4% |
| 1997 | 17.2% | -35.6% |
| 1998 | 20.2% | +17.2% |
| 1999 | 25.8% | +27.4% |
| 2000 | 25.8% | +0.1% |
| 2001 | 26.9% | +4.1% |
| 2002 | 27.2% | +1.2% |
| 2003 | 27.2% | +0.2% |
| 2004 | 26.6% | -2.5% |
| 2005 | 31.5% | +18.6% |
| 2006 | 39.9% | +26.6% |
| 2007 | 57.0% | +43.0% |
| 2008 | 64.4% | +12.9% |
| 2009 | 79.0% | +22.7% |
| 2010 | 95.4% | +20.8% |
| 2011 | 114.2% | +19.8% |
| 2012 | 123.1% | +7.8% |
| 2013 | 108.4% | -11.9% |
| 2014 | 101.2% | -6.7% |
| 2015 | 101.2% | -0.0% |
| 2016 | 107.2% | +5.9% |
| 2017 | 110.6% | +3.2% |
| 2018 | 100.0% | -9.6% |
| 2019 | 106.1% | +6.1% |
| 2020 | 111.7% | +5.2% |
| 2021 | 102.0% | -8.7% |
| 2022 | 86.7% | -15.0% |
| 2023 | 83.3% | -3.9% |
| 2024 | 77.5% | -7.0% |
Philippines compared with similar countries
- Philippines's 77.5% is above the median for upper middle income countries, which is 38.0%, 2.0× the median. (51 countries reporting)
- Philippines's 77.5% is below the median for East Asia & Pacific, which is 92.4%, 84% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.5% | 16.2% | 50.1% | 9 |
| 1980s | 8.8% | 3.5% | 22.8% | 10 |
| 1990s | 18.0% | 6.7% | 26.8% | 10 |
| 2000s | 40.5% | 25.8% | 79.0% | 10 |
| 2010s | 106.7% | 95.4% | 123.1% | 10 |
| 2020s | 92.2% | 77.5% | 111.7% | 5 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is total reserves in Philippines?
- Total reserves in Philippines was 77.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total reserves recorded in Philippines?
- The highest recorded value was 123.1% in 2012.
- What is the lowest total reserves recorded in Philippines?
- The lowest recorded value was 3.5% in 1984.
- How does Philippines rank for total reserves?
- Philippines ranks 22nd out of 112 countries with data for 2024.
- Is total reserves rising or falling in Philippines?
- Over the last ten years it is down 23.4%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total reserves (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a percentage of total external debt which are all liabilities that require payment(s) of interest and/or principal by the debtor at some point(s) in the future and that are owed to non-residents by residents of an economy.