Philippines recorded a Current Account surplus of 1217.66 USD Million in December of 2019.

Current Account in Philippines averaged 50.28 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 -1409.65 USD Million in October of 2018. 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 May of 2020. source: Bangko Sentral ng Pilipinas

Current Account in Philippines is expected to be -200.00 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 589.00 in 12 months time. In the long-term, the Philippines Current Account is projected to trend around 589.00 USD Million in 2021, according to our econometric models.

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Philippines Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1217.66 -706.72 1810.97 -1409.65 1980 - 2019 USD Million Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2380460.00 -1656180.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account 1217.66 -706.72 1810.97 -1409.65 USD Million [+]
Current Account to GDP 2.20 -0.70 5.80 -7.70 percent [+]
Imports 6911070.00 7056867.71 10724291.25 37084.30 USD Thousand [+]
Exports 4530620.00 5400684.03 6341727.87 23000.00 USD Thousand [+]
External Debt 83617.93 78959.57 83617.93 20893.00 USD Million [+]
Capital Flows 6.56 5.23 93.66 -35.31 USD Million [+]
Remittances 2360000.00 2648018.90 2902000.00 64208.00 USD Thousand [+]
Tourist Arrivals 776798.00 684063.00 776798.00 63628.00 [+]
Gold Reserves 197.90 197.93 274.42 126.89 Tonnes [+]
Terrorism Index 7.14 7.18 7.27 5.78 [+]
Foreign Direct Investment 657.00 1153.00 2256.00 -396.00 USD Million [+]


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).