Philippines Forecast: Current Account Balance

1980 - 2027 | Yearly | USD bn | International Monetary Fund

Key information about Philippines Forecast: Current Account Balance

  • Philippines Current Account Balance is forecasted to be -11.304 USD bn in Dec 2022 as reported by International Monetary Fund.
  • It records a decrease from the last reported number of -6.922 USD bn in Dec 2021.
  • Looking ahead, Philippines Current Account Balance is projected to stand at -10.984 USD bn in Dec 2027.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: BPM6: Current Account: USD.

View Philippines's Forecast: Current Account Balance from 1980 to 2027 in the chart:

Philippines Forecast: Current Account Balance

What is Philippines's Forecast: Current Account Balance in 2027?

Philippines Current Account Balance is forecasted to be -11.304 USD bn in Dec 2022 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-10.984 2027 -10.287 2026 -11.304 2022 11.578 2020 USD bn yearly 1980 - 2027

Forecast: Current Account Balance by Country Comparison

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Includes Forecast: Current Account Balance on 194 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Afghanistan (USD bn) 2.247 2020 yearly 2002 - 2020
Albania (USD bn) -1.824 2027 yearly 1980 - 2027
Algeria (USD bn) -11.509 2027 yearly 1980 - 2027
Andorra (USD bn) 0.810 2027 yearly 2019 - 2027
Angola (USD bn) -0.421 2027 yearly 1980 - 2027
Antigua and Barbuda (USD bn) -0.226 2027 yearly 2014 - 2027
Argentina (USD bn) 4.479 2027 yearly 1980 - 2027
Armenia (USD bn) -1.221 2027 yearly 1992 - 2027
Aruba (USD bn) 0.051 2027 yearly 1999 - 2027
Australia (USD bn) -3.053 2027 yearly 1980 - 2027
Austria (USD bn) 13.349 2027 yearly 1980 - 2027
Azerbaijan (USD bn) 13.724 2027 yearly 1992 - 2027
Bahamas (USD bn) -0.842 2027 yearly 1980 - 2027
Bahrain (USD bn) 0.895 2027 yearly 1980 - 2027
Bangladesh (USD bn) -14.803 2027 yearly 1980 - 2027
Barbados (USD bn) -0.269 2027 yearly 1980 - 2027
Belarus (USD bn) -0.644 2027 yearly 1992 - 2027
Belgium (USD bn) 13.038 2027 yearly 1980 - 2027
Belize (USD bn) -0.193 2027 yearly 1980 - 2027
Benin (USD bn) -1.133 2027 yearly 1980 - 2027
Bhutan (USD bn) 0.006 2027 yearly 1980 - 2027
Bolivia (USD bn) -2.273 2027 yearly 1980 - 2027
Bosnia and Herzegovina (USD bn) -1.141 2027 yearly 1998 - 2027
Botswana (USD bn) 0.886 2027 yearly 1980 - 2027
Brazil (USD bn) -52.376 2027 yearly 1980 - 2027
Brunei (USD bn) 2.668 2027 yearly 1981 - 2027
Bulgaria (USD bn) -0.116 2027 yearly 1980 - 2027
Burkina Faso (USD bn) -1.429 2027 yearly 1980 - 2027
Burundi (USD bn) -0.584 2027 yearly 1980 - 2027
Cambodia (USD bn) -3.855 2027 yearly 1992 - 2027
Cameroon (USD bn) -2.366 2027 yearly 1980 - 2027
Canada (USD bn) -51.026 2027 yearly 1980 - 2027
Cape Verde (USD bn) -0.168 2027 yearly 1980 - 2027
Central African Republic (USD bn) -0.210 2027 yearly 1980 - 2027
Chad (USD bn) -1.114 2027 yearly 1980 - 2027
Chile (USD bn) -11.499 2027 yearly 1980 - 2027
China (USD bn) 120.073 2027 yearly 1997 - 2027
Colombia (USD bn) -17.933 2027 yearly 1980 - 2027
Comoros (USD bn) -0.133 2027 yearly 1980 - 2027
Congo (USD bn) 0.397 2027 yearly 1980 - 2027
Costa Rica (USD bn) -2.264 2027 yearly 1980 - 2027
Croatia (USD bn) 1.947 2027 yearly 1992 - 2027
Cyprus (USD bn) -2.163 2027 yearly 1980 - 2027
Czech Republic (USD bn) -1.946 2027 yearly 1995 - 2027
Democratic Republic of Congo (USD bn) -0.128 2027 yearly 1980 - 2027
Denmark (USD bn) 33.743 2027 yearly 1980 - 2027
Djibouti (USD bn) 0.090 2027 yearly 1991 - 2027
Dominica (USD bn) -0.112 2027 yearly 2014 - 2027
Dominican Republic (USD bn) -3.382 2027 yearly 1980 - 2027
Ecuador (USD bn) 2.865 2027 yearly 1980 - 2027
Egypt (USD bn) -16.426 2027 yearly 1980 - 2027
El Salvador (USD bn) -1.887 2027 yearly 1980 - 2027
Equatorial Guinea (USD bn) -0.679 2027 yearly 1987 - 2027
Eritrea (USD bn) 0.396 2027 yearly 1993 - 2027
Estonia (USD bn) -0.224 2027 yearly 1993 - 2027
Swaziland (USD bn) 0.020 2027 yearly 1980 - 2027
Ethiopia (USD bn) -6.430 2027 yearly 1980 - 2027
Fiji (USD bn) -0.616 2027 yearly 1980 - 2027
Finland (USD bn) -1.630 2027 yearly 1980 - 2027
France (USD bn) -30.343 2027 yearly 1980 - 2027
Gabon (USD bn) -0.469 2027 yearly 1980 - 2027
Gambia (USD bn) -0.294 2027 yearly 1980 - 2027
Georgia (USD bn) -1.887 2027 yearly 1995 - 2027
Germany (USD bn) 369.259 2027 yearly 1980 - 2027
Ghana (USD bn) -3.522 2027 yearly 1980 - 2027
Greece (USD bn) -7.449 2027 yearly 1980 - 2027
Grenada (USD bn) -0.195 2027 yearly 2014 - 2027
Guatemala (USD bn) 0.614 2027 yearly 1980 - 2027
Guinea (USD bn) -2.089 2027 yearly 1980 - 2027
Guinea-Bissau (USD bn) -0.091 2027 yearly 1980 - 2027
Guyana (USD bn) 4.538 2027 yearly 1980 - 2027
Haiti (USD bn) -0.200 2027 yearly 1980 - 2027
Honduras (USD bn) -1.656 2027 yearly 1980 - 2027
Hong Kong SAR, China (USD bn) 35.278 2027 yearly 1980 - 2027
Hungary (USD bn) 1.584 2027 yearly 1980 - 2027
Iceland (USD bn) 0.317 2027 yearly 1980 - 2027
India (USD bn) -127.967 2027 yearly 1980 - 2027
Indonesia (USD bn) -28.066 2027 yearly 1980 - 2027
Iran (USD bn) 9.784 2027 yearly 1980 - 2027
Iraq (USD bn) 5.649 2027 yearly 2001 - 2027
Ireland (USD bn) 49.864 2027 yearly 1980 - 2027
Israel (USD bn) 14.758 2027 yearly 1980 - 2027
Italy (USD bn) 75.711 2027 yearly 1980 - 2027
Ivory Coast (USD bn) -3.941 2027 yearly 1980 - 2027
Jamaica (USD bn) -0.832 2027 yearly 1980 - 2027
Japan (USD bn) 202.021 2027 yearly 1980 - 2027
Jordan (USD bn) -1.943 2027 yearly 1980 - 2027
Kazakhstan (USD bn) -5.754 2027 yearly 1992 - 2027
Kenya (USD bn) -7.699 2027 yearly 1980 - 2027
Kiribati (USD bn) 0.028 2027 yearly 1980 - 2027
South Korea (USD bn) 94.181 2027 yearly 1980 - 2027
Kosovo (USD bn) -0.775 2027 yearly 2000 - 2027
Kuwait (USD bn) 34.812 2027 yearly 1980 - 2027
Kyrgyzstan (USD bn) -0.717 2027 yearly 1992 - 2027
Laos (USD bn) -1.575 2027 yearly 1980 - 2027
Latvia (USD bn) -0.141 2027 yearly 1992 - 2027
Lebanon (USD bn) -3.876 2020 yearly 1980 - 2020
Lesotho (USD bn) -0.152 2027 yearly 1980 - 2027
Liberia (USD bn) -0.739 2027 yearly 2000 - 2027
Libya (USD bn) 2.305 2027 yearly 1980 - 2027

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Philippines Key Series

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Includes 261 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -8.3 Mar 2022 quarterly Dec 1985 - Mar 2022
Consolidated Fiscal Balance (USD mn) -2,803.284 May 2022 monthly Jan 1985 - May 2022
Tax Revenue (USD mn) 5,453.556 May 2022 monthly Jan 1985 - May 2022
Tax Revenue: % of GDP (%) 14.1 Mar 2022 quarterly Mar 1985 - Mar 2022
National Government Debt (USD mn) 244,702.4 Apr 2022 monthly Jan 1993 - Apr 2022
Government Debt: % of GDP (%) 63.5 Mar 2022 quarterly Mar 1993 - Mar 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,190,696.000 Apr 2022 monthly Jan 2006 - Apr 2022
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 622,601.000 Apr 2022 monthly Jan 2006 - Apr 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -4,773.1 Apr 2022 monthly Jan 1957 - Apr 2022
Total Exports (USD mn) 6,128.6 Apr 2022 monthly Jan 1979 - Apr 2022
Total Exports Growth (%) 6.0 Apr 2022 monthly Jan 1980 - Apr 2022
Aluminum: Exports (USD th) 135,862.497 2020 yearly 1995 - 2020
Exports: Medicament (USD th) 39,815.275 2020 yearly 1995 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 9,366.205 2020 yearly 1995 - 2020
Total Imports (USD mn) 10,901.7 Apr 2022 monthly Jan 1979 - Apr 2022
Total Imports Growth (%) 22.8 Apr 2022 monthly Jan 1980 - Apr 2022
Imports: Medicament (USD th) 1,362,507.431 2020 yearly 1995 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 475,680.308 2020 yearly 1995 - 2020
Total Exports to USA (USD mn) 955.170 Apr 2022 monthly Jan 1978 - Apr 2022
Total Imports from USA (USD mn) 687.764 Apr 2022 monthly Jan 1986 - Apr 2022
Total Exports to China (USD mn) 971.743 Apr 2022 monthly Jan 1984 - Apr 2022
Total Imports from China (USD mn) 2,269.240 Apr 2022 monthly Jan 1986 - Apr 2022
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 525.3 Mar 2022 monthly Jan 2005 - Mar 2022
Current Account Balance (USD mn) -2,441.6 Mar 2022 monthly Jan 1999 - Mar 2022
Current Account Balance: % of GDP (%) -5.0 Mar 2022 quarterly Mar 1981 - Mar 2022
Foreign Direct Investment (USD mn) 727.4 Mar 2022 monthly Jan 2005 - Mar 2022
Foreign Direct Investment: % of GDP (%) 2.5 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment (USD mn) 979.828 Mar 2022 quarterly Mar 2005 - Mar 2022
Foreign Portfolio Investment: % of GDP (%) 1.0 Mar 2022 quarterly Dec 1980 - Mar 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 1,685.4 Dec 2021 quarterly Mar 1996 - Dec 2021
Foreign Portfolio Investment: Debt Securities (USD mn) -1,913.412 Dec 2021 quarterly Mar 1977 - Dec 2021
External Debt (USD mn) 109,753.2 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 13,997.7 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -27,602.578 Dec 2021 quarterly Dec 2012 - Dec 2021
BoP: Change in Reserve Assets: Debit (USD mn) 757.326 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 727.397 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Financial Account (FA) (USD mn) -2,431.072 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income (USD mn) 2,389.027 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 601.227 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Export (USD mn) 11,890.502 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Current Account (CA) (USD mn) -2,441.563 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services: Credit: Export (USD mn) 2,977.560 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 1,748.378 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Debit: Payments (USD mn) 80.379 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services: Debit: Import (USD mn) 2,056.310 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Acquisition of Financial Assets (USD mn) 604.375 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Portfolio Investment (PI) (USD mn) -3.641 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,099.429 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 525.331 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Credit: Receipts (USD mn) 8.207 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods (USD mn) -6,028.551 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Debit: Payments (USD mn) 41.564 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Services (USD mn) 921.250 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Direct Investment (DI) (USD mn) -202.066 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -1,540.412 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Incurrence of Liabilities (USD mn) 3,035.447 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Credit: Export (USD mn) 5,344.106 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: Capital Account (CA) (USD mn) -33.357 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Import (USD mn) 14,332.065 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,469.406 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Debit: Payments (USD mn) 822.718 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Financial Derivatives (FD) (USD mn) -83.727 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income (USD mn) 276.711 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -128.923 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Goods: Debit: Import (USD mn) 11,372.657 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -45.196 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 1,752.020 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Other Investments (OI) (USD mn) -2,141.639 Mar 2022 monthly Jan 2005 - Mar 2022
External Debt: By Country Profile: Country: UK (USD mn) 3,669.227 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: USA (USD mn) 3,828.259 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: Medium and Long Term (USD mn) 95,755.498 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: Germany (USD mn) 1,000.556 Dec 2021 quarterly Mar 2005 - Dec 2021
External Debt: By Country Profile: Country: France (USD mn) 866.819 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: Japan (USD mn) 14,529.631 Mar 2022 quarterly Mar 2005 - Mar 2022
FDI: Approved: Transportation & Storage (PHP mn) 0.923 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Information & Communication (PHP mn) 100.936 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Administrative & Support Services (PHP mn) 977.366 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Manufacturing (PHP mn) 5,151.383 Mar 2022 quarterly Mar 2010 - Mar 2022
FDI: Approved: Real Estate Activities (PHP mn) 942.558 Mar 2022 quarterly Mar 2010 - Mar 2022
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.9 Apr 2022 monthly Jan 2013 - Apr 2022
Household Debt: % of GDP (%) 9.9 Mar 2022 quarterly Mar 2009 - Mar 2022
Non-Performing Loans (USD mn) 8,861.787 Mar 2022 quarterly Mar 2013 - Mar 2022
Money Supply M1 (USD mn) 121,533.787 Apr 2022 monthly Dec 1988 - Apr 2022
Money Supply M2 (USD mn) 281,013.430 Apr 2022 monthly Dec 1988 - Apr 2022
M2 Growth (%) 8.3 Apr 2022 monthly Dec 1989 - Apr 2022
Reserve Requirement Ratio (%) 12.0 Apr 2022 monthly May 1986 - Apr 2022
Foreign Exchange Reserves (USD mn) 90,052.7 May 2022 monthly Jan 1960 - May 2022
Foreign Exchange Reserves: Months of Import (NA) 8.4 Apr 2022 monthly Jan 1979 - Apr 2022
Gold Reserves (USD mn) 9,026.826 May 2022 monthly Dec 1956 - May 2022
Total Deposits (USD mn) 309,641.228 Mar 2022 quarterly Mar 2008 - Mar 2022
Total Deposits Growth (%) 7.2 Mar 2022 quarterly Mar 2009 - Mar 2022
Domestic Credit (USD mn) 288,367.1 Apr 2022 monthly Dec 2001 - Apr 2022
Domestic Credit Growth (%) 9.0 Apr 2022 monthly Dec 2002 - Apr 2022
Household Debt (USD mn) 37,879.2 Mar 2022 quarterly Mar 2009 - Mar 2022
Total Loans (USD mn) 205,037.294 Apr 2022 monthly Mar 2008 - Apr 2022
Total Loans Growth (%) 7.13 Apr 2022 monthly Mar 2009 - Apr 2022
Private Debt: % of Nominal GDP (%) 48.56 Mar 2022 quarterly Dec 2001 - Mar 2022
DCS: Domestic Claims (DC) (PHP mn) 15,040,649.326 Apr 2022 monthly Dec 2001 - Apr 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,283,157.885 Mar 2022 monthly Dec 2001 - Mar 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,657,098.501 Apr 2022 monthly Dec 2001 - Apr 2022
DCS: LA: M4: M3 (PHP mn) 15,253,466.690 Apr 2022 monthly Dec 2001 - Apr 2022
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 May 2022 monthly May 1986 - May 2022
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 1,968.201 Mar 2022 quarterly Mar 2009 - Mar 2022
CL: PBS: Real Estate: Residential (PHP bn) 877.311 Mar 2022 quarterly Mar 2009 - Mar 2022
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 11.6 Mar 2022 quarterly Jun 2002 - Mar 2022
Business Outlook: Index: Services: Current Quarter (Point) 40.469 Mar 2022 quarterly Jun 2001 - Mar 2022
Business Outlook: Index: Industry: Current Quarter (Point) 31.203 Mar 2022 quarterly Jun 2001 - Mar 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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