Philippines recorded a Current Account deficit of 4.40 percent of the country's Gross Domestic Product in 2022. source: Bangko Sentral ng Pilipinas

Current Account to GDP in Philippines averaged -0.53 percent of GDP from 1980 until 2022, 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 March of 2023.

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Philippines Current Account to GDP



Related Last Previous Unit Reference
Current Account to GDP -4.40 -1.50 percent of GDP Dec 2022
Current Account -60.37 -3.38 USD Million Dec 2022
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 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.
Actual Previous Highest Lowest Dates Unit Frequency
-4.40 -1.50 5.80 -7.70 1980 - 2022 percent of GDP Yearly