Philippines Current Account to GDP 1980-2014 | Data | Chart | Calendar

Philippines recorded a Current Account surplus of 3.50 percent of the country's Gross Domestic Product in 2013. Current Account to GDP in Philippines averaged -0.67 Percent from 1980 until 2013, reaching an all time high of 5.80 Percent in 2009 and a record low of -7.70 Percent in 1980. Current Account to GDP in Philippines is reported by the Bangko Sentral ng Pilipinas.

   
 
 

Philippines Current Account to GDP


Actual Previous Highest Lowest Dates Unit Frequency
3.50 2.80 5.80 -7.70 1980 - 2013 Percent Yearly
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Philippines Current Account to GDP - was last refreshed on Friday, October 31, 2014.

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -16630.00 -32796.00 1144700.00 -1657980.00 USD Thousand [+]
Exports 5474350.00 5461490.19 5483433.75 23000.00 USD Thousand [+]
Imports 5490982.93 5494286.21 5954820.00 37084.30 USD Thousand [+]
Current Account 1850.74 1712.37 2107.00 -884.00 USD Million [+]
Current Account to GDP 3.50 2.80 5.80 -7.70 Percent [+]
External Debt 58506.00 60337.00 61711.00 20893.00 USD Million [+]
Remittances 2053418.40 2063314.60 2154956.20 64208.00 USD Thousand [+]
Tourist Arrivals 364598.00 386665.00 461383.00 63628.00 [+]
Gold Reserves 194.40 193.95 274.42 126.89 Tonnes [+]