Philippines Current Account Balance (% of GDP)

Philippines Current Account

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This chart displays Current Account (% of GDP) for Philippines from 2013 to 2022.

	2018	2019	2020	2021	2022
Current Account Balance (% of GDP)	-2.6	-0.8	3.2	-1.5	-4.5
Current Account Balance (USD bn)	-8.9	-3.0	11.6	-5.9	-18.1

Merchandise exports decreased 1.2% in annual terms in July (June: +0.9% year-on-year). Meanwhile, merchandise imports plunged 15.3% over the same...

5-Sep-23

Inflation increased to 5.3% in August, above July’s 4.7%. The result was primarily due to increasing prices for food and...

1-Sep-23

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) came in at 49.7 in August, down from July’s 51.9. Consequently, the...

17-Aug-23

At its 17 August meeting, the Bangko Sentral ng Pilipinas (BSP) left the overnight reverse repurchase facility rate unchanged at...

10-Aug-23

According to a preliminary estimate, GDP growth waned to 4.3% year on year in the second quarter, down from 6.4%...

8-Aug-23

Merchandise exports rose weakly by 0.8% year-on-year in June, on the heels of May’s 2.4% increase. Meanwhile, merchandise imports plummeted...

4-Aug-23

Inflation came in at 4.7% in July, down from June’s 5.4%. July’s reading represented the lowest inflation rate since March...

1-Aug-23

The S&P Global Manufacturing Purchasing Managers’ Index (PMI) rose to 51.9 in July, up from June’s 11-month low of 50.9....