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Country or Region: Philippines › Change country
Economic Indicator: Current Account Balance (US Dollars) › See all Philippines indicators, › See Current Account Balance (US Dollars) data for all countries
Detailed Analysis for Year: 2010 › Change year
Full Dataset: from 1980 to 2016
Dataset updated: 1st August 2011
Data Source: International Monetary Fund (IMF)
National or Regional Currency: Philippines Peso
Currency Symbol: PHP

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. Source: CEIC Latest actual data: 2010 Notes: IMF staff calculations were also used to provide this series. BOP Manual used: BPM 5 Primary domestic currency: Philippine pesos Data last updated: 03/2011

Current Account Balance (US Dollars) for Philippines in year 2010 is US$ 8.465 Billion

This makes Philippines No. 27 in world rankings according to Current Account Balance (US Dollars) in year 2010. The world's average Current Account Balance (US Dollars) value is US$ 6.76 Billion; Philippines is US$ 1.71 more than the average.

In the previous year, 2009, Current Account Balance (US Dollars) for Philippines was US$ 9.36 Billion Current Account Balance (US Dollars) for Philippines in 2010 was or will be 9.54% less than it was or will be in 2009.

In the following or forecasted year, 2011, Current Account Balance (US Dollars) for Philippines was or will be US$5.91 Billion, which is 30.15% less than the 2010 figure.