The Philippines’ net external liability, which measures the difference between what the country owes and owns abroad, fell to US$50.8 billion as of end‑December 2025.
This decline shows that foreign assets held by the Philippines grew faster than its external debts.
The figure is 2.5% lower than the US$52.1 billion recorded in September 2025, and now equals 10.4% of GDP, down from 10.8% in the previous quarter.
By December 2025, Philippine investments in foreign assets rose 1.0% to US$264.1 billion, while foreign investments in Philippine assets increased 0.4% to US$314.9 billion.
The International Investment Position (IIP) serves as a snapshot of the country’s financial ties with the rest of the world.
It shows what the Philippines owns and owes internationally, helping assess its economic resilience and exposure to global risks.
