Philippines recorded a Current Account deficit of 455.04 USD Million in June of 2021. source: Bangko Sentral ng Pilipinas

Current Account in Philippines averaged 70.39 USD Million from 1980 until 2021, 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 September of 2021.

Current Account in Philippines is expected to be -200.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. 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
-455.04 -622.67 2284.16 -1409.65 1980 - 2021 USD Million Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3290851.94 -2826407.75 1144700.00 -4415446.66 USD Thousand [+]
Current Account -455.04 -622.67 2284.16 -1409.65 USD Million [+]
Current Account to GDP 3.60 -0.90 5.80 -7.70 percent of GDP [+]
Imports 9711992.68 9331833.57 10724291.25 37084.30 USD Thousand [+]
Exports 6421140.74 6505425.82 6773590.00 23000.00 USD Thousand [+]
External Debt 98488.01 83617.93 98488.01 20893.00 USD Million [+]
Capital Flows 6.53 6.71 93.66 -35.31 USD Million [+]
Remittances 2637941.70 2382115.30 2902415.60 64208.00 USD Thousand [+]
Tourist Arrivals 11855.00 10903.00 796164.00 948.00 [+]
Gold Reserves 156.15 164.05 274.42 126.89 Tonnes [+]
Terrorism Index 7.10 7.14 7.27 5.78 [+]
Foreign Direct Investment 833.00 429.00 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).