MANILA — The Philippines’ net external liability declined to US$58.2 billion as of end-September 2025, reflecting stronger foreign asset holdings and lower obligations, the latest data on the country’s International Investment Position (IIP) showed.

The figure marks a 13.2 percent drop from US$67.0 billion recorded at end-June 2025 and represents 12.1 percent of GDP, down from 14.1 percent in the previous quarter.

As of September, Philippine investments abroad rose 1.9 percent to US$263.9 billion, while foreign investments in Philippine assets fell 1.2 percent to US$322.1 billion.

The IIP provides a snapshot of the country’s financial connections with the rest of the world, indicating the balance between what the Philippines owns abroad versus what it owes internationally. Analysts note that a lower net liability signals improved external resilience and reduced vulnerability to global financial shocks.