🇵🇭 Philippines Current account balance
Philippines Current account balance was -18,262,196,996 in 2024, down 47.4% from 2023, according to World Bank data. The 10-year average is -5,127,412,296. Historical data available from 1977 to 2024 (48 data points). The all-time high was $11.58B in 2020.
Source: World Bank World Development Indicators • 1977–2024 • 48 data points • Economy & Growth
Latest Value
-18,262,196,996
2024
Year-on-Year
-47.4%
vs 2023
10-Year Average
-5,127,412,296
2015–2024
Range
High: $11.58B (2020)
Low: -18,262,196,996 (2024)
Philippines Current account balance (BoP, current US$) — 1977 to 2024
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About this Indicator
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Historical Data Table
| Year | Value |
|---|---|
| 2024 | -18,262,196,996 |
| 2023 | -12,386,685,919 |
| 2022 | -18,260,831,213 |
| 2021 | -5,942,749,346 |
| 2020 | $11.58B |
| 2019 | -3,046,835,247 |
| 2018 | -8,877,047,441 |
| 2017 | -2,142,968,677 |
| 2016 | -1,198,874,442 |
| 2015 | $7.27B |
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<iframe src="https://nationstat.com/country/philippines/current-account-balance-bop-current-us" width="800" height="500" frameborder="0"></iframe>Compare with Other Countries
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🇬🇶Equatorial Guinea
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🇬🇩Grenada
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🇺🇬Uganda
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🇺🇦Ukraine
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🇺🇾Uruguay
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Related Indicators
Adjusted net national income (current US$)
361.5B
2021
Adjusted net national income (constant 2015 US$)
333.8B
2021
Adjusted net savings, excluding particulate emission damage (current US$)
34.1B
2021
Adjusted net national income per capita (current US$)
3.2K
2021
Adjusted net national income per capita (constant 2015 US$)
3.0K
2021