Published May 17, 2021, 5:55 PM The Philippines’ debt burden is considered manageable versus other countries in the Asia Pacific (APAC) region and even outside of APAC, although there is a noted rise in household and corporate debt as an impact of the COVID-19 pandemic, according to Moody’s Analytics. In Moody’s Analytics ranking in total debt which includes government, corporate, household and financial sector debt, the Philippines is 55 th out of 62 countries based on its debt-to GDP ratio. Its debt of $399.4 billion as of end-2020 was 108.7 percent of GDP. The country’s total government debt of $177.7 billion which was 48.4 percent of GDP, lands it at No. 44 in Moody’s Analytics listings.