Philippines recorded a Current Account surplus of 1651.85 USD Million in September of 2020. source: Bangko Sentral ng Pilipinas

Current Account in Philippines averaged 66.91 USD Million from 1980 until 2020, reaching an all time high of 2284.16 USD Million in April of 2020 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 January of 2021.

Current Account in Philippines is expected to be -250.00 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 -350.00 in 12 months time. In the long-term, the Philippines Current Account is projected to trend around 590.00 USD Million in 2021, according to our econometric models.

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Philippines Current Account

Actual Previous Highest Lowest Dates Unit Frequency
1651.85 1239.33 2284.16 -1409.65 1980 - 2020 USD Million Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2180960.00 -1725830.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account 1651.85 1239.33 2284.16 -1409.65 USD Million [+]
Current Account to GDP 2.20 -0.70 5.80 -7.70 percent [+]
Imports 7918690.00 7575870.00 10724291.25 37084.30 USD Thousand [+]
Exports 5737730.00 5850040.00 6341727.87 23000.00 USD Thousand [+]
External Debt 83617.93 78959.57 83617.93 20893.00 USD Million [+]
Capital Flows 3.97 4.35 93.66 -35.31 USD Million [+]
Remittances 2379474.20 2747463.70 2902415.60 64208.00 USD Thousand [+]
Tourist Arrivals 776798.00 684063.00 776798.00 63628.00 [+]
Gold Reserves 191.13 197.93 274.42 126.89 Tonnes [+]
Terrorism Index 7.10 7.14 7.27 5.78 [+]
Foreign Direct Investment 423.00 523.00 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).