Philippines recorded a Current Account deficit of 201.15 USD Million in December of 2018. Current Account in Philippines averaged 55.70 USD Million from 1980 until 2018, reaching an all time high of 1810.97 USD Million in June of 2014 and a record low of -1455.03 USD Million in November of 2017.

Current Account in Philippines is expected to be -181.80 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 367.00 in 12 months time. In the long-term, the Philippines Current Account is projected to trend around 589.00 USD Million in 2020, according to our econometric models.

Philippines Current Account
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Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3138000.00 -2744000.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account -201.15 -987.57 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 9013940.00 7965589.84 10724291.25 37084.30 USD Thousand [+]
Exports 5876430.00 5222000.00 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 8.12 6.34 93.66 -35.31 USD Million [+]
Remittances 2514000.00 2300796.70 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 687726.00 559057.00 732506.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 750.00 610.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 38.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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). This page provides - Philippines Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Current Account - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-201.15 -987.57 1810.97 -1455.03 1980 - 2018 USD Million Monthly
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Country Last Previous
Argentina -2317.00 Dec/18
Australia -7203.00 Dec/18
Brazil -494.20 Mar/19
Canada -15483.00 Dec/18
China 586.00 Mar/19
Euro Area 35.10 Mar/19
France -1263.00 Mar/19
Germany 30217.35 Mar/19
India -16899.55 Dec/18
Indonesia -6966.00 Mar/19
Italy 4040.10 Mar/19
Japan 2847.87 Mar/19
Mexico -5634.10 Mar/19
Netherlands 27505.30 Dec/18
Russia 32800.00 Mar/19
Saudi Arabia 18521.00 Dec/18
Singapore 20296.50 Mar/19
South Africa -110158.00 Dec/18
South Korea 4820.00 Mar/19
Spain -2769.00 Feb/19
Switzerland 15181.70 Dec/18
Turkey -589.00 Mar/19
United Kingdom -23707.00 Dec/18
United States -134377.00 Dec/18


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