Philippines recorded a Current Account surplus of 1009.98 USD Million in December of 2020. source: Bangko Sentral ng Pilipinas

Current Account in Philippines averaged 74.99 USD Million from 1980 until 2020, reaching an all time high of 2284.16 USD Million in April of 2020 and a record low of -1409.65 USD Million in October of 2018. This page provides - Philippines Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Current Account - values, historical data and charts - was last updated on May of 2021.

Current Account in Philippines is expected to be -650.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Current Account in Philippines to stand at 550.00 in 12 months time. In the long-term, the Philippines Current Account is projected to trend around 590.00 USD Million in 2022, according to our econometric models.

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Philippines Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1009.98 1628.49 2284.16 -1409.65 1980 - 2020 USD Million Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2412000.00 -2711443.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account 1009.98 1628.49 2284.16 -1409.65 USD Million [+]
Current Account to GDP 2.20 -0.70 5.80 -7.70 percent [+]
Imports 9097210.00 7601951.20 10724291.25 37084.30 USD Thousand [+]
Exports 6684330.00 5308715.02 6684330.00 23000.00 USD Thousand [+]
External Debt 98488.01 83617.93 98488.01 20893.00 USD Million [+]
Capital Flows 7.34 6.01 93.66 -35.31 USD Million [+]
Remittances 2477282.00 2602547.20 2902415.60 64208.00 USD Thousand [+]
Tourist Arrivals 19793.00 13604.00 796164.00 948.00 [+]
Gold Reserves 187.91 191.13 274.42 126.89 Tonnes [+]
Foreign Direct Investment 608.00 1000.00 2256.00 -396.00 USD Million [+]
Terrorism Index 7.10 7.14 7.27 5.78 [+]


Philippines Current Account
Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid).