Current Account Balance: -$3.386 billion (2019 est.)
-$8.877 billion (2018 est.)
Definition: This entry records a country's net trade in goods and services, plus net earnings from rents, interest, profits, and dividends, and net transfer payments (such as pension funds and worker remittances) to and from the rest of the world during the period specified. These figures are calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms.
Source: CIA World Factbook - This page was last updated on Saturday, September 18, 2021
See Also- Current Account Balance by year chart
- Current Account Balance rank chart
- Current Account Balance - comparative map
- Current account balance (BoP, current US$) - thematic map - World Bank indicator
- Current account balance (BoP, current US$) - country comparison - World Bank indicator
Related Data From the International Monetary Fund
Variable: Current account balance
Note: Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.
Units: U.S. dollars
Scale: Billions
Country-specific Note: Source: Central Bank. Accessed via CEIC Latest actual data: 2017 BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6) Primary domestic currency: Philippine peso Data last updated: 02/2019
Source: International Monetary Fund, World Economic Outlook Database, April 2019
| Year | Current account balance | Percent Change |
|---|---|---|
| 1980 | -1.904 | |
| 1981 | -2.061 | 8.25% |
| 1982 | -3.2 | 55.26% |
| 1983 | -2.771 | -13.41% |
| 1984 | -1.294 | -53.30% |
| 1985 | -0.036 | -97.22% |
| 1986 | 0.952 | -2,744.44% |
| 1987 | -0.444 | -146.64% |
| 1988 | -0.39 | -12.16% |
| 1989 | -1.456 | 273.33% |
| 1990 | -2.695 | 85.10% |
| 1991 | -1.034 | -61.63% |
| 1992 | -1 | -3.29% |
| 1993 | -3.016 | 201.60% |
| 1994 | -2.95 | -2.19% |
| 1995 | -1.98 | -32.88% |
| 1996 | -3.953 | 99.65% |
| 1997 | -4.351 | 10.07% |
| 1998 | 1.546 | -135.53% |
| 1999 | -2.875 | -285.96% |
| 2000 | -2.228 | -22.50% |
| 2001 | -1.75 | -21.45% |
| 2002 | -0.282 | -83.89% |
| 2003 | 0.285 | -201.06% |
| 2004 | 1.625 | 470.18% |
| 2005 | 1.99 | 22.46% |
| 2006 | 6.963 | 249.90% |
| 2007 | 8.072 | 15.93% |
| 2008 | 0.144 | -98.22% |
| 2009 | 8.448 | 5,766.67% |
| 2010 | 7.179 | -15.02% |
| 2011 | 5.643 | -21.40% |
| 2012 | 6.949 | 23.14% |
| 2013 | 11.384 | 63.82% |
| 2014 | 10.756 | -5.52% |
| 2015 | 7.266 | -32.45% |
| 2016 | -1.199 | -116.50% |
| 2017 | -2.163 | 80.40% |
| 2018 | -8.523 | 294.04% |
| 2019 | -7.848 | -7.92% |
