Philippines's net financial flows, IDA (NFL, current US$) was −US$2.33 million in 2024, the latest year in the World Bank's World Development Indicators. That is up 78.25% from −US$10.73 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$2.33 million | 2024 |
| Five years earlier | −US$16.89 million | 2019 |
| Ten years earlier | −US$10.73 million | 2014 |
| Highest | US$33.14 million | 1992 |
| Lowest | −US$17.22 million | 2018 |
| Average since 2015 | −US$11.51 million | 2015–2024 |
| First recorded | US$129,000 |
What the numbers say
In 2024, Philippines' net financial flows, IDA (NFL, current US$) rose US$142,000 on 2023 (from −US$2.48 million to −US$2.33 million).
Across the 30 yearly changes before that (1994 to 2023), the average change was −US$100,300 and a typical year strayed about US$3.33 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$32.96 million in 1991 and the biggest yearly fall was US$32.61 million in 1993. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$1.33 million a year. A straight line explains 42% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Philippines had the 66th highest value of the 94 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Philippines | −US$2.33 million | 2024 |
| East Asia & Pacific | −US$267.8 million | 2024 |
| Upper middle income | US$4.4 billion | 2024 |
Closest to Philippines in the 2024 ranking
- São Tomé and Principe — 63rd of 94: −US$396,000
- Paraguay — 64th of 94: −US$568,000
- Maldives — 65th of 94: −US$1.72 million
- Gambia, The — 67th of 94: −US$2.55 million
- Montenegro — 68th of 94: −US$3.33 million
- Mozambique — 69th of 94: −US$3.36 million
What this measures
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. IDA is the International Development Association, the concessional loan window of the World Bank Group. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 53 values
| Year | Net financial flows, IDA (NFL, current US$) |
|---|---|
| 2024 | -2,333,000 |
| 2023 | -2,475,000 |
| 2022 | -4,711,000 |
| 2021 | -13,876,000 |
| 2020 | -16,987,000 |
| 2019 | -16,889,000 |
| 2018 | -17,217,000 |
| 2017 | -17,012,000 |
| 2016 | -13,505,000 |
| 2015 | -10,111,000 |
| 2014 |
Net financial flows, IDA (NFL, current US$) in nearby economies
- Cambodia — US$378.73 million (2024)
- China — −US$105.01 million (2024)
- Indonesia — −US$178.46 million (2024)
- Korea, Rep. — US$0 (2015)
- Lao PDR — US$76.31 million (2024)
- Mongolia — US$5.71 million (2024)
- Myanmar — −US$63.26 million (2024)
- Papua New Guinea — US$31.68 million (2024)
- Samoa — −US$3.84 million (2024)
- Solomon Islands — US$48.48 million (2024)
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — US$110.93 billion (2025)
- Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
- Final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Philippines's net financial flows, IDA (NFL, current US$)?
- −US$2.33 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1972?
- It is down 1,909% from US$129,000 in 1972. The highest value was US$33.14 million in 1992 and the lowest −US$17.22 million in 2018.
- How does Philippines rank?
- 66th highest of 94 economies with data for 2024.
- Is the latest change in net financial flows, IDA (NFL, current US$) unusual for Philippines?
- In 2024, Philippines' net financial flows, IDA (NFL, current US$) rose US$142,000 on 2023 (from −US$2.48 million to −US$2.33 million). Across the 30 yearly changes before that (1994 to 2023), the average change was −US$100,300 and a typical year strayed about US$3.33 million from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.MIDA.CD, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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