The Central Bank of the Philippines released International Investment Position (IIP) data showing the country’s net external liability narrowed to USD 58.2 billion as of end-September 2025, reflecting higher external assets and lower foreign obligations. This was a 13.2% decline from USD 67.0 billion at end-June 2025, with the net liability position falling to 12.1% of gross domestic product (GDP) from 14.1% in the previous quarter. External assets held by Philippine residents rose 1.9% to USD 263.9 billion, while foreign investments in Philippine assets fell 1.2% to USD 322.1 billion. The IIP is a point-in-time stock measure of residents’ claims on nonresidents and liabilities to nonresidents, with the net position representing a net claim or net liability to the rest of the world.
Central Bank of the Philippines 2025-12-29
Central Bank of the Philippines reports net external liability falls to USD 58.2 billion in end-September 2025 international investment position
The Central Bank of the Philippines reported a narrowing of the country's net external liability to USD 58.2 billion as of end-September 2025, a 13.2% decrease from the previous quarter. This improvement reflects a 1.9% increase in external assets to USD 263.9 billion and a 1.2% decline in foreign investments in Philippine assets to USD 322.1 billion. The net liability position now stands at 12.1% of GDP, down from 14.1%.