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.

   
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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 Saturday, November 29, 2014.

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade 280966.00 -16630.00 1144700.00 -1657980.00 USD Thousand [+]
Exports 5848833.16 5474352.56 5848833.16 23000.00 USD Thousand [+]
Imports 5567935.16 5490982.93 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 2106772.30 2053418.40 2154956.20 64208.00 USD Thousand [+]
Tourist Arrivals 405970.00 428144.00 461383.00 63628.00 [+]
Gold Reserves 194.40 193.95 274.42 126.89 Tonnes [+]
Crude Oil Production 21.00 21.00 40.00 0.79 BBL/D/1K [+]


Current Account to GDP Reference Previous Highest Lowest Unit
Australia -2.90 Dec/13 -4.10 1.40 -6.70 percent [+]
Brazil -3.66 Dec/13 -2.40 1.80 -8.20 percent [+]
Canada -3.20 Dec/13 -3.40 2.70 -4.20 percent [+]
China 2.00 Dec/13 2.60 10.10 -3.70 percent [+]
Euro Area 2.40 Dec/13 1.40 2.40 -1.50 percent [+]
France -1.30 Dec/13 -2.20 2.70 -2.20 percent [+]
Germany 7.50 Dec/13 7.40 7.50 -1.70 percent [+]
India -1.70 Dec/13 -4.70 1.50 -4.70 percent [+]
Indonesia -3.30 Dec/13 -2.80 4.80 -6.80 percent [+]
Italy 1.00 Dec/13 -0.30 3.20 -3.70 percent [+]
Japan 0.70 Dec/13 1.10 4.80 -1.00 percent [+]
Mexico -1.80 Dec/13 -1.20 3.40 -6.10 percent [+]
Netherlands 10.40 Dec/13 9.50 10.40 -1.00 percent [+]
Russia 1.56 Dec/13 3.60 18.00 -1.40 percent [+]
South Korea 5.80 Dec/13 4.30 11.90 -8.30 percent [+]
Spain 0.80 Dec/13 -1.20 1.50 -10.00 percent [+]
Switzerland 13.50 Dec/12 8.50 15.60 -0.60 percent [+]
Turkey -7.90 Dec/13 -6.00 2.00 -9.70 percent [+]
United Kingdom -4.40 Dec/13 -3.80 1.90 -4.90 percent [+]
United States -2.30 Dec/13 -2.70 0.20 -6.00 percent [+]