External balance on goods and services as a percent of GDP in Philippines
Philippines: External balance on goods and services as a percent of GDP was -13.7% in 2025. ◆ Volatile
External balance on goods and services as a percent of GDP in Philippines, 1981–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2025, external balance on goods and services as a percent of gdp in Philippines stood at -13.7%.
The figure is up 4.8% on the previous year and down 189.8% over ten years.
Over the whole period, external balance on goods and services as a percent of gdp in Philippines peaked at 2.4% in 1986 and was at its lowest, -15.7%, in 2022.
That places Philippines 145th out of 191 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services as a percent of GDP in Philippines, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1981 | -3.0% | — |
| 1982 | -4.4% | +50.1% |
| 1983 | -4.9% | +10.2% |
| 1984 | -0.9% | -80.8% |
| 1985 | 1.2% | -228.2% |
| 1986 | 2.4% | +98.7% |
| 1987 | -0.3% | -111.5% |
| 1988 | 0.7% | -346.1% |
| 1989 | -1.8% | -367.1% |
| 1990 | -4.1% | +129.4% |
| 1991 | -2.3% | -44.6% |
| 1992 | -3.4% | +49.9% |
| 1993 | -5.9% | +70.7% |
| 1994 | -4.4% | -25.3% |
| 1995 | -5.4% | +24.3% |
| 1996 | -6.1% | +11.8% |
| 1997 | -7.1% | +16.0% |
| 1998 | -4.5% | -36.7% |
| 1999 | -0.3% | -92.4% |
| 2000 | 1.5% | -552.6% |
| 2001 | -2.6% | -268.7% |
| 2002 | -3.8% | +48.0% |
| 2003 | -3.0% | -22.7% |
| 2004 | -3.5% | +17.1% |
| 2005 | -1.4% | -60.1% |
| 2006 | 1.6% | -218.4% |
| 2007 | 2.4% | +45.3% |
| 2008 | -1.0% | -140.6% |
| 2009 | -0.4% | -53.7% |
| 2010 | -0.4% | -20.8% |
| 2011 | -2.6% | +628.9% |
| 2012 | -2.9% | +12.5% |
| 2013 | -3.5% | +19.3% |
| 2014 | -2.8% | -20.5% |
| 2015 | -4.7% | +71.3% |
| 2016 | -8.4% | +78.4% |
| 2017 | -9.1% | +7.5% |
| 2018 | -11.7% | +29.5% |
| 2019 | -12.1% | +2.9% |
| 2020 | -7.8% | -35.7% |
| 2021 | -12.0% | +54.3% |
| 2022 | -15.7% | +30.7% |
| 2023 | -14.1% | -9.6% |
| 2024 | -14.4% | +1.7% |
| 2025 | -13.7% | -4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -1.2% | -4.9% | 2.4% | 9 |
| 1990s | -4.3% | -7.1% | -0.3% | 10 |
| 2000s | -1.0% | -3.8% | 2.4% | 10 |
| 2010s | -5.8% | -12.1% | -0.4% | 10 |
| 2020s | -12.9% | -15.7% | -7.8% | 6 |
Countries ranked near Philippines
- 142 Nicaragua -13.3% compare
- 143 Uzbekistan -13.3% compare
- 144 Rwanda -13.6% compare
- 146 North Macedonia -13.7% compare
- 147 Central African Republic -14.2% compare
- 148 Mauritania -14.3% 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)
- Households and NPISHs Final consumption expenditure (current LCU) 6.26 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 43.94 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 183,258 current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.51 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.6965 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2,905 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 6.48 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.9155 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services as a percent of gdp in Philippines?
- External balance on goods and services as a percent of gdp in Philippines was -13.7% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest external balance on goods and services as a percent of gdp recorded in Philippines?
- The highest recorded value was 2.4% in 1986.
- What is the lowest external balance on goods and services as a percent of gdp recorded in Philippines?
- The lowest recorded value was -15.7% in 2022.
- How does Philippines rank for external balance on goods and services as a percent of gdp?
- Philippines ranks 145th out of 191 countries with data for 2025.
- Is external balance on goods and services as a percent of gdp rising or falling in Philippines?
- Over the last ten years it is down 189.8%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of External balance on goods and services as a percent of GDP. Statizoid updates them automatically from the source API.
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About this data
Exports of goods and services minus imports of goods and services divided by gross domestic product, expressed as a percentage.