Philippines Current Account  Forecast


Current Account in Philippines is expected to be 78.00 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 -80.00 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 Q3/17 Q4/17 Q1/18 Q2/18 2020
Balance of Trade -1646161 -2500000 -2955200 -2930000 -2158000 -2440000
Exports 5284626 5310000 5064800 5730000 5780000 6290000
Imports 6930787 7810000 8020000 8660000 7938000 8730000
Current Account 377 78 1420 -80 -80 589
Current Account to GDP 0.2 0.8 0.8 1.2 1.2 1
External Debt 76622 81500 82500 78887 79244 83325
Capital Flows 15 12 14 8 10 16
Remittances 2283000 2680000 2780000 2900000 2950000 3340000
Tourist Arrivals 474854 450145 600000 560000 560000 831000
Gold Reserves 196 196 197 196 196 205
Terrorism Index 7.1 6.89 7.4 6.79 6.79 7.4
Foreign Direct Investment 18161 61000 162000 36308 53943 197000
Crude Oil Production 15 25 27 14.8 14.91 40