External balance on goods and services in Philippines
Philippines: External balance on goods and services was -13.7% in 2025. ◆ Volatile
External balance on goods and services in Philippines, 1981–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for external balance on goods and services in Philippines is -13.7%, measured in 2025.
That represents a change of up 4.8% on the previous year and down 189.8% over ten years.
Over the whole period, external balance on goods and services in Philippines peaked at 2.4% in 1986 and was at its lowest, -15.7%, in 2022.
That places Philippines 145th out of 193 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 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)
- Exports of goods and services (current LCU), annual growth rate 9.25 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 15.27 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 63,678 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 8.24 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2865 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 1,195 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 1.83 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2274 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is external balance on goods and services in Philippines?
- External balance on goods and services in Philippines was -13.7% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Philippines?
- The highest recorded value was 2.4% in 1986.
- What is the lowest external balance on goods and services recorded in Philippines?
- The lowest recorded value was -15.7% in 2022.
- How does Philippines rank for external balance on goods and services?
- Philippines ranks 145th out of 193 countries with data for 2025.
- Is external balance on goods and services 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.