Current account balance as a proportion of GDP in Philippines
Philippines: Current account balance as a proportion of GDP was -4.0% in 2024. ◆ Volatile
Latest (2024)
-4.0%
Change on year
down 39.6%
World rank
118th
of 177 countries
All-time high
5.5%
in 2006
All-time low
-4.5%
in 2022
Years of data
25
2000–2024
Current account balance as a proportion of GDP in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Philippines recorded -4.0% for current account balance as a proportion of gdp in 2024.
That represents a change of down 39.6% on the previous year and down 209.4% over ten years.
Over the whole period, current account balance as a proportion of gdp in Philippines peaked at 5.5% in 2006 and was at its lowest, -4.5%, in 2022.
That places Philippines 118th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -2.7% | — |
| 2001 | -2.2% | -16.7% |
| 2002 | -0.3% | -84.9% |
| 2003 | 0.3% | -197.9% |
| 2004 | 1.7% | +422.4% |
| 2005 | 1.9% | +8.3% |
| 2006 | 5.5% | +194.4% |
| 2007 | 5.2% | -5.1% |
| 2008 | 0.1% | -98.5% |
| 2009 | 4.8% | +5954.3% |
| 2010 | 3.4% | -28.2% |
| 2011 | 2.4% | -30.1% |
| 2012 | 2.7% | +10.1% |
| 2013 | 4.0% | +51.1% |
| 2014 | 3.6% | -9.8% |
| 2015 | 2.4% | -34.4% |
| 2016 | -0.4% | -115.9% |
| 2017 | -0.7% | +73.4% |
| 2018 | -2.6% | +292.3% |
| 2019 | -0.8% | -68.4% |
| 2020 | 3.2% | -495.8% |
| 2021 | -1.5% | -147.1% |
| 2022 | -4.5% | +199.5% |
| 2023 | -2.8% | -37.2% |
| 2024 | -4.0% | +39.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | -2.7% | 5.5% | 10 |
| 2010s | 1.4% | -2.6% | 4.0% | 10 |
| 2020s | -1.9% | -4.5% | 3.2% | 5 |
Countries ranked near Philippines
- 115 Dominican Republic -3.4% compare
- 116 Paraguay -3.4% compare
- 117 Bosnia and Herzegovina -3.5% compare
- 119 Cameroon -4.1% compare
- 120 Gambia -4.1% compare
- 121 Solomon Islands -4.2% compare
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Manufacturing, value added (current US$), per unit of GDP 0.1533 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 639.39 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 8.82 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 36,768 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1753 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 731.3 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 34,420 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.86 % change on previous year (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Philippines?
- Current account balance as a proportion of gdp in Philippines was -4.0% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Philippines?
- The highest recorded value was 5.5% in 2006.
- What is the lowest current account balance as a proportion of gdp recorded in Philippines?
- The lowest recorded value was -4.5% in 2022.
- How does Philippines rank for current account balance as a proportion of gdp?
- Philippines ranks 118th out of 177 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Philippines?
- Over the last ten years it is down 209.4%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).