Philippines recorded a Current Account deficit of 2.40 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Philippines averaged -0.49 percent from 1980 until 2018, reaching an all time high of 5.80 percent in 2009 and a record low of -7.70 percent in 1980.

Current Account to GDP in Philippines is expected to be -2.10 percent by the end of this quarter, 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 -1.00 percent in 2020, according to our econometric models.

Philippines Current Account to GDP
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Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3275000.00 -3469000.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account -435.05 239.06 1810.97 -1455.03 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 9429520.00 9005267.56 10724291.25 37084.30 USD Thousand [+]
Exports 6154900.00 5536000.00 6308844.59 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 2.84 4.85 93.66 -35.31 USD Million [+]
Remittances 2609470.90 2440629.90 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 621719.00 662987.00 766865.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.18 7.13 7.27 5.78 [+]
Foreign Direct Investment 961.00 586.00 2256.00 -396.00 USD Million [+]
Crude Oil Production 14.00 14.00 38.00 1.00 BBL/D/1K [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-2.40 -0.70 5.80 -7.70 1980 - 2018 percent Yearly




Country Last Previous
Singapore 17.70 Dec/18
Netherlands 10.80 Dec/18
Switzerland 10.20 Dec/18
Saudi Arabia 9.20 Dec/18
Germany 7.30 Dec/18
Russia 7.00 Dec/18
South Korea 4.70 Dec/18
Japan 3.50 Dec/18
Euro Area 3.00 Dec/18
Italy 2.50 Dec/18
Spain 0.90 Dec/18
China 0.40 Dec/18
France -0.30 Dec/18
Brazil -0.77 Dec/18
Australia -1.50 Dec/18
Mexico -1.80 May/19
India -2.30 Dec/18
United States -2.40 Dec/18
Canada -2.60 Dec/18
Indonesia -3.00 Dec/18
South Africa -3.50 Dec/18
Turkey -3.50 Dec/18
United Kingdom -3.90 Dec/18
Argentina -5.40 Dec/18


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