Philippines's portfolio investment, bonds (PPG + PNG) (NFL, current US$) was US$5.15 billion in 2024, the latest year in the World Bank's World Development Indicators. That is up 1,239% from US$385.03 million in 2014 (29.62% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$5.15 billion | 2024 |
| Five years earlier | US$2.8 billion | 2019 |
| Ten years earlier | US$385.03 million | 2014 |
| Highest | US$6.91 billion | 2020 |
| Lowest | −US$839.28 million | 2008 |
| Average since 2015 | US$2.8 billion | 2015–2024 |
| First recorded | −US$900,000 |
What the numbers say
In 2024, Philippines' portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$56.48 million on 2023 (from US$5.21 billion to US$5.15 billion).
Across the 30 yearly changes before that (1994 to 2023), the average change was +US$149.07 million and a typical year strayed about US$2.16 billion from that (the standard deviation). This year's change was 0.1 standard deviations below 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$4.37 billion in 2009 and the biggest yearly fall was US$3.83 billion in 2021. 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$561.69 million a year. A straight line explains 48% 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 5th highest value of the 59 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$5.15 billion | 2024 |
| Upper middle income | US$25.04 billion | 2024 |
Closest to Philippines in the 2024 ranking
What this measures
Bonds are securities issued with a fixed rate of interest for a period of more than one year. They include net flows through cross-border public and publicly guaranteed and private nonguaranteed bond issues. Data are in current U.S. dollars.
Limitations: The DRS encourages debtor countries to voluntarily provide information on their short-term external obligations. By its nature, short-term external debt is difficult to monitor: loan-by-loan registration is normally impractical, and monitoring systems typically rely on information requested periodically by the central bank from the banking sector. The World Bank regards the debtor country as the authoritative source of information on its short-term debt. Where such information is not available from the debtor country, data are derived from BIS data on international bank lending based on time remaining to original maturity.
Regional and income-group figures are computed by the World Bank as a sum.
All 55 values
| Year | Portfolio investment, bonds (PPG + PNG) (NFL, current US$) |
|---|---|
| 2024 | 5,154,594,000 |
| 2023 | 5,211,071,000 |
| 2022 | 2,409,976,000 |
| 2021 | 3,084,326,000 |
| 2020 | 6,913,388,000 |
| 2019 | 2,797,484,000 |
| 2018 | 1,666,227,000 |
| 2017 | -542,889,000 |
| 2016 | -806,651,000 |
| 2015 | 2,107,980,000 |
Portfolio investment, bonds (PPG + PNG) (NFL, current US$) in nearby economies
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — 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 portfolio investment, bonds (PPG + PNG) (NFL, current US$)?
- US$5.15 billion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1970?
- It is up 572,833% from −US$900,000 in 1970. The highest value was US$6.91 billion in 2020 and the lowest −US$839.28 million in 2008.
- How does Philippines rank?
- 5th highest of 59 economies with data for 2024.
- Is the latest change in portfolio investment, bonds (PPG + PNG) (NFL, current US$) unusual for Philippines?
- In 2024, Philippines' portfolio investment, bonds (PPG + PNG) (NFL, current US$) fell US$56.48 million on 2023 (from US$5.21 billion to US$5.15 billion). Across the 30 yearly changes before that (1994 to 2023), the average change was +US$149.07 million and a typical year strayed about US$2.16 billion from that (the standard deviation). This year's change was 0.1 standard deviations below 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.BOND.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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