Philippines has lower foreign debt ratio than other Asian countries

Based on data obtained from the World Bank website, the Philippines posted a 19.4 percent external debt to Gross National Income (GNI) ratio, which is lower than other neighboring countries in Asia except China. This means that Philippines pays better than selected peers in Asia.

China had the lowest external debt to GNI ratio (14%) while Vietnam accounted the highest, with 45.70 percent.

Debt to GNI ratio pertains to the portion of country’s earning to repay its foreign debt.

Sources:

https://www.bworldonline.com/foreign-debt-falls-73-1-b-end-2017-20-gdp/

Philippines: http://datatopics.worldbank.org/debt/ids/country/PHL

Myanmar: http://datatopics.worldbank.org/debt/ids/country/MMR

Indonesia: http://datatopics.worldbank.org/debt/ids/country/IDN

Vietnam: http://datatopics.worldbank.org/debt/ids/country/VNM

Thailand: http://datatopics.worldbank.org/debt/ids/country/THA

China: http://datatopics.worldbank.org/debt/ids/country/CHN