Philippines recorded a Current Account deficit of 201.15 USD Million in December of 2018. Current Account in Philippines averaged 55.70 USD Million from 1980 until 2018, 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 -181.80 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 367.00 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.