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
Current account balance as a proportion of GDP in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
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 137th out of 205 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 | % | 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% |
Philippines compared with similar countries
- Philippines's -4.0% is below the median for upper middle income countries, which is -2.1%, 1.9× the median. (53 countries reporting)
- Philippines's -4.0% is below the median for East Asia & Pacific, which is 1.1%. (30 countries reporting)
Biggest year-on-year movements
Years where Current account balance as a proportion of GDP (%) in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +5954.3% | 0.1% | 4.8% |
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
- 134 Paraguay -3.4% compare
- 135 Bosnia and Herzegovina -3.5% compare
- 136 Democratic Republic of the Congo -3.8% compare
- 138 United States -4.1% compare
- 139 Cameroon -4.1% compare
- 140 Gambia -4.1% compare
More economy & growth data for Philippines
- Real gdp growth, annual growth rate -22.65 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.64 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0081 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 33.76 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5964 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0059 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 24.65 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 4.11 % 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 137th out of 205 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.
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