Philippines recorded a Current Account deficit of 435.05 USD Million in March of 2019. Current Account in Philippines averaged 52.76 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 -1455.03 USD Million in November of 2017.
Current Account in Philippines is expected to be -384.70 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 -150.00 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.