Philippines Current Account Balance (% GDP) Statistics

13, Nov 2019, EST.

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Country or Region: Philippines › Change country
Economic Indicator: Current Account Balance (% GDP) › See all Philippines indicators, › See Current Account Balance (% GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
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. See notes for: Gross domestic product, current prices (National currency) Current account balance (U.S. dollars).

Current Account Balance (% GDP) Statistics for Philippines , Year 2015 - In Detail

Current Account Balance (% GDP) for Philippines in year 2015 is 2.876 %. 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.

This makes Philippines No. 34 in world rankings according to Current Account Balance (% GDP) in year 2015. The world's average Current Account Balance (% GDP) value is -4.12 %; Philippines is 7.00 more than the average.

In the previous year, 2014, Current Account Balance (% GDP) for Philippines was 3.78 % Current Account Balance (% GDP) for Philippines in 2015 was or will be 23.88% less than it was or will be in 2014.

In the following or forecasted year, 2016, Current Account Balance (% GDP) for Philippines was or will be 2.61 %, which is 9.14% less than the 2015 figure.

* Source: IMF
Current Account Balance (% GDP) for Philippines, in other Years
Year %
  2021 1.622
  2020 1.808
  2019 2.035
  2018 2.229
  2017 2.445
  2016 2.613
2015 2.876
  2014 3.778
  2013 4.186
  2012 2.779
  2011 2.519
  2010 3.597
  2009 5.012
  2008 0.084
  2007 5.404
  2006 5.698
  2005 1.928
  2004 1.778
  2003 0.34
  2002 -0.347
  2001 -2.295
  2000 -2.75
  1999 -3.464
  1998 2.141
  1997 -4.769
  1996 -4.306
  1995 -2.411
  1994 -4.155
  1993 -5.007
  1992 -1.704
  1991 -2.055
  1990 -5.489
  1989 -3.079
  1988 -0.927
  1987 -1.204
  1986 2.87
  1985 -0.106
  1984 -3.712
  1983 -7.511
  1982 -7.757
  1981 -5.205
  1980 -5.282