The Central Bank of the Philippines published updated International Investment Position (IIP) data showing the country’s net external liability narrowed to USD 50.8 billion as of end-December 2025, as residents’ foreign financial assets grew faster than the increase in external liabilities. The IIP provides a point-in-time snapshot of what the economy owns and owes internationally and is used to assess external vulnerability. The net liability position fell 2.5% from USD 52.1 billion at end-September 2025 and represented 10.4% of GDP, down from 10.8% in the previous quarter. Total foreign assets held by Philippine residents rose 1.0% to USD 264.1 billion, while foreign investments in Philippine assets increased 0.4% to USD 314.9 billion.
Central Bank of the Philippines 2026-03-31
Central Bank of the Philippines reports narrower international investment position net liability of USD 50.8 billion at end-December 2025
The Central Bank of the Philippines published updated International Investment Position data showing the country’s net external liability narrowed to USD 50.8 billion (10.4% of GDP) as of end-December 2025, from USD 52.1 billion (10.8% of GDP) at end-September 2025. The improvement reflects residents’ foreign financial assets rising 1.0% to USD 264.1 billion, outpacing a 0.4% increase in foreign investments in Philippine assets to USD 314.9 billion.