Philippines recorded a Current Account surplus of 566.76 USD Million in June of 2019. Current Account in Philippines averaged 47.96 USD Million from 1980 until 2019, reaching an all time high of 1810.97 USD Million in June of 2014 and a record low of -1409.65 USD Million in October of 2018.

Current Account in Philippines is expected to be 367.00 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 -500.00 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 -2408791.47 -3393114.68 1144700.00 -4415446.66 USD Thousand [+]
Current Account 566.76 -190.19 1810.97 -1409.65 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 8659699.29 9567483.76 10724291.25 37084.30 USD Thousand [+]
Exports 6250907.82 6174369.08 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 6.85 4.86 93.66 -35.31 USD Million [+]
Remittances 2589236.30 2580711.40 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 702843.00 719057.00 766865.00 63628.00 [+]
Gold Reserves 197.93 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 543.00 430.00 2256.00 -396.00 USD Million [+]


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 October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
566.76 -190.19 1810.97 -1409.65 1980 - 2019 USD Million Monthly
Current Prices, NSA




Country Last Previous
Argentina -2560.58 Jun/19
Australia 5853.00 Jun/19
Brazil -4274.30 Aug/19
Canada -6380.00 Jun/19
China 461.67 Jun/19
Euro Area 25.71 Aug/19
France -2487.00 Aug/19
Germany 16900.00 Aug/19
India -14315.70 Jun/19
Indonesia -8442.80 Jun/19
Italy 6037.00 Aug/19
Japan 2157.71 Aug/19
Mexico 5142.70 Jun/19
Netherlands 13615.80 Jun/19
Russia 12900.00 Sep/19
Saudi Arabia 12407.00 Jun/19
Singapore 21497.50 Jun/19
South Africa -204100.00 Jun/19
South Korea 5270.00 Aug/19
Spain 3237.00 Jul/19
Switzerland 21272.85 Jun/19
Turkey 2604.00 Aug/19
United Kingdom -25200.00 Jun/19
United States -128188.00 Jun/19


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