🇵🇭 Philippines National Debt Clock
Live tracker for the Philippines government debt. The national debt currently stands at approximately $300.9 billion, growing at $498 per second based on IMF fiscal deficit projections. Debt-to-GDP: 59%. Per-citizen share: $2,615.
Among the 135 governments tracked here, the Philippines ranks 60th by debt-to-GDP, 36th by total debt and 95th by debt per person.
About the Philippines' National Debt
The Philippines saw debt rise during the pandemic but keeps the ratio moderate, supported by steady growth and large remittance inflows that bolster its external accounts.
The Philippines' debt-to-GDP ratio of 59% is moderate: higher than 55% of the 135 governments tracked here. No ratio is safe or dangerous on its own — whether a debt is sustainable depends on the interest rate on it, how fast the economy grows, the currency it is owed in and who holds it. By total government debt, the Philippines ranks 36th of the 135 governments tracked here.
At the current borrowing rate of $498 per second, the Philippines adds about $43 million to its government debt every day — roughly $15.7 billion per year. Each of the Philippines' 115 million residents carries an individual share of approximately $2,615. That is below the world average of roughly $14,600 in government debt per person.
Figures are computed by Global Debt Clock by linear extrapolation from each country's baseline figure, named in the source line on this page (for most countries, the IMF World Economic Outlook, October 2026). Actual debt changes through discrete bond issuances — these counters illustrate the approximate scale and pace of sovereign borrowing.
Philippines National Debt — Frequently Asked Questions
What is the Philippines' national debt right now?
The Philippines' national debt is approximately $300.9 billion as of October 27, 2026, growing at $498 per second. Its debt-to-GDP ratio is 59% and each citizen's share is about $2,615.
How fast is the Philippines' debt growing?
The Philippines' government debt is growing at approximately $498 per second — about $43 million per day — derived from the IMF's projections for 2026.
What is the Philippines' debt per capita?
Each of the Philippines' 115 million residents carries a notional share of approximately $2,615 of the national debt.
What is the Philippines' debt-to-GDP ratio?
The Philippines' debt-to-GDP ratio is 59%. That is higher than 55% of the 135 governments tracked here.
Why is the Philippines' government debt at this level?
The Philippines saw debt rise during the pandemic but keeps the ratio moderate, supported by steady growth and large remittance inflows that bolster its external accounts.
Compare Philippines vs another country
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Further reading
Other Asia-Pacific countries
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Data & Citation
Source: IMF WEO October 2026 (GGXWDG, end-2025 stock) · baseline anchored .
Methodology: debt = 288,012,413,068 + 498 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=ph (live JSON) · /data/debt.json (full dataset)
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