Current account balance in Philippines
Philippines: Current account balance was -3.3% 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 % of GDP.
Analysis
The most recent figure for current account balance in Philippines is -3.3%, measured in 2025.
Compared with earlier readings it is up 16.8% on the previous year and down 241.1% over ten years.
Over the whole period, current account balance in Philippines peaked at 5.5% in 2006 and was at its lowest, -7.6%, in 1982.
Philippines ranks 123rd of 199 countries on this measure, 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 in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1977 | -3.4% | — |
| 1978 | -4.2% | +25.5% |
| 1979 | -4.8% | +12.8% |
| 1980 | -5.2% | +7.8% |
| 1981 | -5.1% | -1.5% |
| 1982 | -7.6% | +49.0% |
| 1983 | -7.3% | -3.2% |
| 1984 | -3.6% | -50.7% |
| 1985 | -0.1% | -97.2% |
| 1986 | 2.8% | -2820.3% |
| 1987 | -1.2% | -141.9% |
| 1988 | -0.9% | -23.1% |
| 1989 | -3.0% | +232.1% |
| 1990 | -5.3% | +77.8% |
| 1991 | -2.0% | -62.6% |
| 1992 | -1.7% | -17.1% |
| 1993 | -4.9% | +193.8% |
| 1994 | -4.0% | -17.1% |
| 1995 | -2.3% | -42.0% |
| 1996 | -4.2% | +78.5% |
| 1997 | -4.6% | +10.7% |
| 1998 | 2.1% | -144.9% |
| 1999 | -3.4% | -261.8% |
| 2000 | -2.7% | -20.7% |
| 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% | +41.9% |
| 2025 | -3.3% | -16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -4.1% | -4.8% | -3.4% | 3 |
| 1980s | -3.1% | -7.6% | 2.8% | 10 |
| 1990s | -3.0% | -5.3% | 2.1% | 10 |
| 2000s | 1.4% | -2.7% | 5.5% | 10 |
| 2010s | 1.4% | -2.6% | 4.0% | 10 |
| 2020s | -2.2% | -4.5% | 3.2% | 6 |
Countries ranked near Philippines
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)
- Industry (including construction), value added (constant 2015 US$) 1.71 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.281 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 1,172 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 1.71 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 13.52 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 56,374 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 7.49 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6442 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is current account balance in Philippines?
- Current account balance in Philippines was -3.3% 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 5.5% in 2006.
- What is the lowest current account balance recorded in Philippines?
- The lowest recorded value was -7.6% in 1982.
- How does Philippines rank for current account balance?
- Philippines ranks 123rd out of 199 countries with data for 2025.
- Is current account balance rising or falling in Philippines?
- Over the last ten years it is down 241.1%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.