Philippines Current Account  Forecast


Philippines Current Account
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Current Account in Philippines is expected to be -80.00 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 855.00 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 Trade Last Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -3781040 -2930000 -2158000 -2321677 -3052000 -2440000
Exports 4963150 5730000 5780000 4988653 5508000 6290000
Imports 8744190 8660000 7938000 8411798 8560000 8730000
Current Account 130 -80 -80 111 855 589
Current Account to GDP 0.2 1.1 1.1 1.1 1.1 1.3
External Debt 76622 76449 76307 76165 76023 73811
Capital Flows 12.95 8 10 8.69 13 16
Remittances 2260000 2900000 2950000 2230705 2900000 3340000
Tourist Arrivals 523627 560000 560000 0 680000 831000
Gold Reserves 196 196 196 196 199 205
Terrorism Index 7.13 6.92 6.99 7.06 7.5 7.4
Foreign Direct Investment 43018 30694 25944 39871 173000 197000
Crude Oil Production 15 15.81 15.79 15.77 31 40