Philippines recorded a Current Account surplus of 3.60 percent of the country's Gross Domestic Product in 2020. source: Bangko Sentral ng Pilipinas

Current Account to GDP in Philippines averaged -0.41 percent of GDP from 1980 until 2020, reaching an all time high of 5.80 percent of GDP in 2009 and a record low of -7.70 percent of GDP in 1980. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Current Account to GDP - values, historical data and charts - was last updated on December of 2021.

Current Account to GDP in Philippines is expected to reach -0.20 percent of GDP by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Current Account to GDP is projected to trend around -2.00 percent of GDP in 2022, according to our econometric models.

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Philippines Current Account to GDP


Related Last Previous Unit Reference
Current Account -455.04 -622.67 USD Million Jun/21
Current Account to GDP 3.60 -0.90 percent of GDP Dec/20
External Debt 98488.01 83617.93 USD Million Dec/20
Capital Flows 6.53 6.71 USD Million Jun/21
Remittances 2736862.40 2608916.20 USD Thousand Sep/21
Foreign Direct Investment 800.00 1300.00 USD Million Aug/21
Philippines Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.