International Reserves in Philippines

Philippines International Reserves | Economic News & Forecasts

Philippines - International Reserves

Growth beat market expectations in Q1 in annual terms, in part due to a low base effect. The loosening of Covid-19 restrictions at the end of the quarter supported private consumption. Turning to Q2, the growth rate is likely to remain one of the fastest in the region. Private spending will continue to be boosted by loosened Covid-19 restrictions. Notably, the manufacturing PMI rose at the fastest rate in nearly five years in April. That said, rising inflation will be hampering consumer spending, while the pre-election spending ban will have dampened public expenditure. In politics, the new president, Ferdinand Marcos Jr., named his cabinet on 3 June. His picks signaled continuity of the policies of the prior president. Notably, current central bank governor Benjamin Diokno was selected as the secretary of finance.

Philippines - International Reserves Data

2015   2016   2017   2018   2019  
International Reserves (USD)80.7  80.7  81.6  79.2  87.8  

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Philippines International Reserves Chart


Philippines International Reserves
Note: International reserves in months of imports.
Source: Central Bank of the Philippines and FocusEconomics calculations.

Philippines Facts

Value Change Date
Bond Yield4.44-4.11 %Dec 27
Exchange Rate50.660.02 %Jan 01

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