Current account balance in Philippines
Philippines: Current account balance was -16.29 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Philippines, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Philippines recorded -16.29 billion BoP, current US$ for current account balance in 2025.
Compared with earlier readings it is up 12.3% on the previous year and down 324.2% over ten years.
Over the whole period, current account balance in Philippines peaked at 11.58 billion BoP, current US$ in 2020 and was at its lowest, -18.57 billion BoP, current US$, in 2024.
Philippines ranks 191st of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance in Philippines, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -754.00 million BoP, current US$ | — |
| 1978 | -1.09 billion BoP, current US$ | +45.1% |
| 1979 | -1.50 billion BoP, current US$ | +36.7% |
| 1980 | -1.90 billion BoP, current US$ | +27.3% |
| 1981 | -2.06 billion BoP, current US$ | +8.2% |
| 1982 | -3.20 billion BoP, current US$ | +55.3% |
| 1983 | -2.77 billion BoP, current US$ | -13.4% |
| 1984 | -1.29 billion BoP, current US$ | -53.3% |
| 1985 | -36.00 million BoP, current US$ | -97.2% |
| 1986 | 952.00 million BoP, current US$ | -2744.4% |
| 1987 | -444.00 million BoP, current US$ | -146.6% |
| 1988 | -390.00 million BoP, current US$ | -12.2% |
| 1989 | -1.46 billion BoP, current US$ | +273.3% |
| 1990 | -2.69 billion BoP, current US$ | +85.1% |
| 1991 | -1.03 billion BoP, current US$ | -61.6% |
| 1992 | -1.00 billion BoP, current US$ | -3.3% |
| 1993 | -3.02 billion BoP, current US$ | +201.6% |
| 1994 | -2.95 billion BoP, current US$ | -2.2% |
| 1995 | -1.98 billion BoP, current US$ | -32.9% |
| 1996 | -3.95 billion BoP, current US$ | +99.6% |
| 1997 | -4.35 billion BoP, current US$ | +10.1% |
| 1998 | 1.55 billion BoP, current US$ | -135.5% |
| 1999 | -2.88 billion BoP, current US$ | -286.0% |
| 2000 | -2.23 billion BoP, current US$ | -22.5% |
| 2001 | -1.75 billion BoP, current US$ | -21.5% |
| 2002 | -282.00 million BoP, current US$ | -83.9% |
| 2003 | 285.00 million BoP, current US$ | -201.1% |
| 2004 | 1.62 billion BoP, current US$ | +470.2% |
| 2005 | 1.99 billion BoP, current US$ | +22.5% |
| 2006 | 6.96 billion BoP, current US$ | +249.8% |
| 2007 | 8.07 billion BoP, current US$ | +15.9% |
| 2008 | 144.02 million BoP, current US$ | -98.2% |
| 2009 | 8.45 billion BoP, current US$ | +5765.9% |
| 2010 | 7.18 billion BoP, current US$ | -15.0% |
| 2011 | 5.64 billion BoP, current US$ | -21.4% |
| 2012 | 6.95 billion BoP, current US$ | +23.2% |
| 2013 | 11.38 billion BoP, current US$ | +63.8% |
| 2014 | 10.76 billion BoP, current US$ | -5.5% |
| 2015 | 7.27 billion BoP, current US$ | -32.4% |
| 2016 | -1.20 billion BoP, current US$ | -116.5% |
| 2017 | -2.14 billion BoP, current US$ | +78.7% |
| 2018 | -8.88 billion BoP, current US$ | +314.2% |
| 2019 | -3.05 billion BoP, current US$ | -65.7% |
| 2020 | 11.58 billion BoP, current US$ | -480.0% |
| 2021 | -5.94 billion BoP, current US$ | -151.3% |
| 2022 | -18.26 billion BoP, current US$ | +207.3% |
| 2023 | -12.39 billion BoP, current US$ | -32.2% |
| 2024 | -18.57 billion BoP, current US$ | +49.9% |
| 2025 | -16.29 billion BoP, current US$ | -12.3% |
Philippines compared with similar countries
- Philippines's -16.29 billion BoP, current US$ is below the median for upper middle income countries, which is -814.98 million BoP, current US$, 20.0× the median. (57 countries reporting)
- Philippines's -16.29 billion BoP, current US$ is below the median for East Asia & Pacific, which is 22.41 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Current account balance in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +5765.9% | 144.02 million BoP, current US$ | 8.45 billion BoP, current US$ |
| 1986 | +2744.4% | -36.00 million BoP, current US$ | 952.00 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -1.11 billion BoP, current US$ | -1.50 billion BoP, current US$ | -754.00 million BoP, current US$ | 3 |
| 1980s | -1.26 billion BoP, current US$ | -3.20 billion BoP, current US$ | 952.00 million BoP, current US$ | 10 |
| 1990s | -2.23 billion BoP, current US$ | -4.35 billion BoP, current US$ | 1.55 billion BoP, current US$ | 10 |
| 2000s | 2.33 billion BoP, current US$ | -2.23 billion BoP, current US$ | 8.45 billion BoP, current US$ | 10 |
| 2010s | 3.39 billion BoP, current US$ | -8.88 billion BoP, current US$ | 11.38 billion BoP, current US$ | 10 |
| 2020s | -9.98 billion BoP, current US$ | -18.57 billion BoP, current US$ | 11.58 billion BoP, current US$ | 6 |
Countries ranked near Philippines
- 188 Egypt -13.94 billion BoP, current US$ compare
- 189 Belgium -14.02 billion BoP, current US$ compare
- 190 Ukraine -15.19 billion BoP, current US$ compare
- 192 India -16.49 billion BoP, current US$ compare
- 193 Greece -18.22 billion BoP, current US$ compare
- 194 Canada -22.01 billion BoP, current US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is current account balance in Philippines?
- Current account balance in Philippines was -16.29 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Philippines?
- The highest recorded value was 11.58 billion BoP, current US$ in 2020.
- What is the lowest current account balance recorded in Philippines?
- The lowest recorded value was -18.57 billion BoP, current US$ in 2024.
- How does Philippines rank for current account balance?
- Philippines ranks 191st out of 200 countries with data for 2025.
- Is current account balance rising or falling in Philippines?
- Over the last ten years it is down 324.2%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.