Philippines recorded a Current Account deficit of 3.80 percent of the country's Gross Domestic Product in 2024. Current Account to GDP in Philippines averaged -0.66 percent of GDP from 1980 until 2024, reaching an all time high of 5.80 percent of GDP in 2009 and a record low of -7.70 percent of GDP in 1980. source: Bangko Sentral ng Pilipinas
Current Account to GDP in Philippines is expected to reach -3.40 percent of GDP by the end of 2026, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Current Account to GDP is projected to trend around -3.10 percent of GDP in 2027 and -3.00 percent of GDP in 2028, according to our econometric models.