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 153.10 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 -200.00 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.

Philippines Current Account
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Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2473000.00 -3298000.00 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 8480000.00 9469000.00 10724291.25 37084.30 USD Thousand [+]
Exports 6008000.00 6155000.00 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 2289532.10 2609470.90 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 242.00 961.00 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

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

Actual Previous Highest Lowest Dates Unit Frequency
-435.05 239.06 1810.97 -1455.03 1980 - 2019 USD Million Monthly
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Country Last Previous
Argentina -3849.43 Mar/19
Australia -2900.00 Mar/19
Brazil -2914.00 Jun/19
Canada -17347.00 Mar/19
China 570.00 Jun/19
Euro Area 23.09 Jun/19
France -755.00 Jun/19
Germany 20646.19 Jun/19
India -4600.00 Mar/19
Indonesia -8442.80 Jun/19
Italy 5046.60 Jun/19
Japan 1211.17 Jun/19
Mexico -5634.10 Mar/19
Netherlands 18079.00 Mar/19
Russia 12100.00 Jun/19
Saudi Arabia 11518.00 Mar/19
Singapore 21497.50 Jun/19
South Africa -142495.00 Mar/19
South Korea 6380.00 Jun/19
Spain 2701.00 May/19
Switzerland 17215.95 Mar/19
Turkey -548.00 Jun/19
United Kingdom -30045.00 Mar/19
United States -130400.00 Mar/19


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