Philippines Current Account to GDP
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.
||1980 - 2013
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.