Current account balance — all countries

Current account balance — Philippines

Current account balance in the Philippines in 2031 — -2.7%. Ranked 116 in the world out of 188. Since 1980, the indicator has risen by 2.4 pp.

2031 -2.7% +0.2 pp vs 2030
World rank 116of 188
Period maximum 5.5%2006
Period minimum -7.5%1982

Trend over time

1980–2031 · % of GDP

Current account balance — Philippines, 1980–2031-10-5051019801986199219982004201020162022202820311980: -5.1%1981: -5.1%1982: -7.5%1983: -7.3%1984: -3.6%1985: -0.1%1986: 2.8%1987: -1.2%1988: -0.9%1989: -3%1990: -5.3%1991: -2%1992: -1.7%1993: -4.9%1994: -4%1995: -2.3%1996: -4.2%1997: -4.6%1998: 2.1%1999: -3.4%2000: -2.7%2001: -2.2%2002: -0.3%2003: 0.3%2004: 1.7%2005: 1.9%2006: 5.5%2007: 5.2%2008: 0.1%2009: 4.8%2010: 3.4%2011: 2.4%2012: 2.7%2013: 4%2014: 3.6%2015: 2.4%2016: -0.4%2017: -0.7%2018: -2.6%2019: -0.8%2020: 3.2%2021: -1.5%2022: -4.5%2023: -2.8%2024: -4%2025: -3.3%2026: -4.4%2027: -3.5%2028: -3%2029: -2.8%2030: -2.9%2031: -2.7%
Change over the period: +2.4 pp Annual average: 0.05 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Philippines

Philippines -2.7%
World computed 0.28%
East Asia & Pacific computed 3.13%
South-Eastern Asia computed 2.02%
Current account balance — Philippines, by year Philippines All countries CSV XLSX
Year % Change, pp
2031 -2.7 +0.2 pp
2030 -2.9 −0.1 pp
2029 -2.8 +0.2 pp
2028 -3 +0.5 pp
2027 -3.5 +0.9 pp
2026 -4.4 −1.1 pp
2025 -3.3 +0.7 pp
2024 -4 −1.2 pp
2023 -2.8 +1.7 pp
2022 -4.5 −3 pp
2021 -1.5 −4.7 pp
2020 3.2 +4 pp
2019 -0.8 +1.8 pp
2018 -2.6 −1.9 pp
2017 -0.7 −0.3 pp
2016 -0.4 −2.8 pp
2015 2.4 −1.2 pp
2014 3.6 −0.4 pp
2013 4 +1.3 pp
2012 2.7 +0.3 pp
2011 2.4 −1 pp
2010 3.4 −1.4 pp
2009 4.8 +4.7 pp
2008 0.1 −5.1 pp
2007 5.2 −0.3 pp
2006 5.5 +3.6 pp
2005 1.9 +0.2 pp
2004 1.7 +1.4 pp
2003 0.3 +0.6 pp
2002 -0.3 +1.9 pp
2001 -2.2 +0.5 pp
2000 -2.7 +0.7 pp
1999 -3.4 −5.5 pp
1998 2.1 +6.7 pp
1997 -4.6 −0.4 pp
1996 -4.2 −1.9 pp
1995 -2.3 +1.7 pp
1994 -4 +0.9 pp
1993 -4.9 −3.2 pp
1992 -1.7 +0.3 pp
1991 -2 +3.3 pp
1990 -5.3 −2.3 pp
1989 -3 −2.1 pp
1988 -0.9 +0.3 pp
1987 -1.2 −4 pp
1986 2.8 +2.9 pp
1985 -0.1 +3.5 pp
1984 -3.6 +3.7 pp
1983 -7.3 +0.2 pp
1982 -7.5 −2.4 pp
1981 -5.1 +0 pp
1980 -5.1

About the indicator

The current account balance of the balance of payments as a percent of GDP: trade in goods and services, primary income (interest, dividends, compensation of employees) and secondary income (transfers). A surplus means a country earns more abroad than it spends and is building up external assets; a persistent deficit has to be financed by an inflow of capital.

Source: World Economic Outlook (IMF), license IMF open data.