Philippines recorded a Current Account deficit of 60.37 USD Million in December of 2022. source: Bangko Sentral ng Pilipinas

Current Account in Philippines averaged 18.59 USD Million from 1980 until 2022, reaching an all time high of 2835.09 USD Million in April of 2020 and a record low of -2864.91 USD Million in May of 2022. 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 March of 2023.

Current Account in Philippines is expected to be -997.00 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 -1800.00 USD Million in 2024 and -2100.00 USD Million in 2025, according to our econometric models.

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Philippines Current Account

Related Last Previous Unit Reference
Balance of Trade -5738630.00 -4596170.86 USD Thousand Jan 2023
Current Account to GDP -4.40 -1.50 percent of GDP Dec 2022
Current Account -60.37 -3.38 USD Million Dec 2022
Exports 5231460.00 5799240.00 USD Thousand Jan 2023
Imports 10970090.00 10302580.00 USD Thousand Jan 2023
External Debt 111268.17 106428.26 USD Million Dec 2022
Capital Flows 8.06 -22.90 USD Million Dec 2022
Remittances 2761930.00 3159134.10 USD Thousand Jan 2023
Foreign Direct Investment 634.00 817.00 USD Million Dec 2022

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).
Actual Previous Highest Lowest Dates Unit Frequency
-60.37 -3.38 2835.09 -2864.91 1980 - 2022 USD Million Monthly
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