The Central Bank of the Philippines published end-March 2025 international investment position data showing the Philippines’ net external liability rose to USD 69.3 billion, up 5.8 percent from USD 65.5 billion at end-December 2024, as foreign investments in Philippine assets increased more than Philippine investments abroad. The wider net liability position reflected a 2.7 percent increase in external financial liabilities to USD 326.8 billion, outpacing a 1.9 percent rise in external financial assets to USD 257.5 billion. Year on year, net external liabilities increased by 17.2 percent from USD 59.1 billion at end-March 2024, as liabilities grew by 7.4 percent from USD 304.2 billion while assets rose by 5.1 percent from USD 245.1 billion. Foreign investment in Philippine assets was concentrated in the other sectors category at 56.1 percent, followed by National Government securities and loans at 28.6 percent and banking sector instruments at 14.1 percent, with the Bangko Sentral ng Pilipinas holding 1.2 percent mostly as Special Drawing Rights. On the asset side, the Bangko Sentral ng Pilipinas accounted for 43.3 percent of Philippine investments in foreign assets, other sectors for 40.9 percent, and the banking sector for 15.8 percent.
Central Bank of the Philippines 2025-06-30
Central Bank of the Philippines reports higher net external liabilities as international investment position widens to USD 69.3 billion
The Central Bank of the Philippines reported a 5.8% increase in the country's net external liability to USD 69.3 billion at end-March 2025, driven by a rise in foreign investments in Philippine assets. External financial liabilities grew by 2.7% to USD 326.8 billion, while external financial assets increased by 1.9% to USD 257.5 billion. Foreign investments were primarily in other sectors, National Government securities, and banking instruments.