Construct an analysis and interpretation for GDP, DEBT TO GDP RATIO, AND EXTERNAL DEBT. By analyzing the chart, is our economy okay?

ONLY ONE ANALYSIS FOR ALL.

3.1. External Debt - external debt is a part of the total debt that is owed to creditors outside the country. There are two components of foreign debt - Government Loans (which is the focus of economic analysts) and Private Loans of local businesses in the country. External Debt in Philippines increased to 83617.93 USD Million in 2019 from 78959.57 USD Million in 2018 (https: / /bit.ly/3pz21x2) 84000 82000 79949.42 80000 78959.57 78489.02 77673.71 77474.07 78000 76621.97 75569.44 76000 73097.87 74000 72000 2010 2012 2014 2016 2018 20201. Gross domestic product (GDP) measures the total value for final use of output produced by an economy, by both residents and nonresidents. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. The GDP in the Philippines was worth 376.80 billion US dollars in 2019, according to official data from the World Bank. The GDP value of the Philippines represents 0.31 percent of the world economy (https://bit.ly/3tomfaa) 380 360 346.84 128. 48 340 318.63 320 306.45 297.48 300 283.9 280 261.92 260 234.22 240 220 2012 2014 2016 2018 2020 SOURCE: TRADINGECONOMICS.COM | WORLD BANK3.2. Debt to GDP Ratio - this is more important to economic analysts rather than the external debt indicator. Generally, government debt as a percent of GDP is used by investors to measure a country's ability to make future payments on its debt, thus affecting the countrv borrowing costs and government bond yields. This compares our GDP to its external debt which tells us of our payment capacity. The lower the deht-to-GDP ratio, the higher is our capacity to pay hence, better economic standing. The Philippines recorded a government debt equivalent to 41.50 percent of the countrYs Gross Domestic Product in 2019 {httfbitJB'QSF'lorn}. 52 ED 5: 51.5 4a: to 45.1 \"I 41.? H 42.1 41.1 "'5 41.5 a I I - - , 201i! 11111 2D\" 2016 Ell I DID