Philippines Debt-to-GDP Ratio Hits 22-Year High Amid Growth Concerns
The Philippines' debt-to-GDP ratio reached 66% as of end-June, a 22-year high. Concerns are mounting that sluggish economic growth and weak investment could hinder efforts to reduce the country's debt.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- Philippines Debt Burden Reaches 33-Year High at 66% of GDP in H1 2026
The Philippines' debt-to-gross domestic product (GDP) ratio reached 66% in the first half of 2026, its highest level since 1993. This increase, exceeding the internationally manageable threshold of 60%, is attributed to slower economic growth and record-high sovereign debt. The government aims to reduce the ratio to below 60% by 2028.
- Philippine Debt-to-GDP Ratio Hits 22-Year High Amid Slowing Economic Growth
The Philippines' debt-to-gross domestic product (GDP) ratio reached 66% in the second quarter, its highest level since 2004, primarily driven by slowing economic growth. While the national government's outstanding debt has increased, experts deem it manageable but warn of fiscal constraints.