Philippines recorded a Current Account deficit of 1565.22 USD Million in March of 2025. This dataset provides - Philippines Current Account - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines PH: BOP: Current Account: Balance: % of GDP data was reported at -0.803 % in 2017. This records a decrease from the previous number of -0.393 % for 2016. Philippines PH: BOP: Current Account: Balance: % of GDP data is updated yearly, averaging -1.338 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 5.697 % in 2006 and a record low of -8.616 % in 1982. Philippines PH: BOP: Current Account: Balance: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Graph and download economic data for Use of Financial Services, Mobile Banking: Value of Outstanding Balances in Active Mobile Money Accounts for Philippines (PHLFCMAABXDC) from 2010 to 2019 about Philippines, balance, financial, services, banks, and depository institutions.

According to the Financial Inclusion Survey in 2021, around ** percent of the adult population in the Philippines has an account with a financial provider. This was a significant increase from the share in 2019. What’s driving the increase in formal account ownership in the Philippines?  The recent increase in the share of Filipinos with a formal account with a financial provider was driven by e-money accounts. From just ***** percent of the population in 2019, the share of e-money account holders in the Philippines overtook those with a bank account in 2021. GCash was the leading mobile wallet application in the Philippines based on monthly active users in 2022, followed by Maya. Attitude towards digital banks  According to a survey in 2023, Filipinos still prefer their main bank account to be a traditional bank over a digital bank. However, among those who chose digital banks, they identified ease and convenience as the main reasons. In addition, ** percent of respondents said they chose digital banks because they were able to bank at any time of the day at their convenience.

Graph and download economic data for Balance of Payments: Total Net Current Account for Philippines (PHLBCAGDPBP6PT) from 1990 to 2029 about Philippines, current account, BOP, and Net.

Philippines PH: BOP: Current Account: Balance data was reported at -2.518 USD bn in 2017. This records a decrease from the previous number of -1.199 USD bn for 2016. Philippines PH: BOP: Current Account: Balance data is updated yearly, averaging -1.000 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 11.384 USD bn in 2013 and a record low of -4.351 USD bn in 1997. Philippines PH: BOP: Current Account: Balance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Balance of Payments: Current Account. Current account balance is the sum of net exports of goods and services, net primary income, and net secondary income. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Current account balance (BoP, current US$) in Philippines was reported at --17514262288 USD in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Current account balance (BoP, current US$) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Poorest 40%: % of Population Aged 15+ data was reported at 18.026 % in 2017. This records a decrease from the previous number of 18.038 % for 2014. Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Poorest 40%: % of Population Aged 15+ data is updated yearly, averaging 18.026 % from Dec 2011 (Median) to 2017, with 3 observations. The data reached an all-time high of 18.038 % in 2014 and a record low of 9.889 % in 2011. Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider: Poorest 40%: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (poorest 40%, share of population ages 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

Key information about Philippines Current Account Balance

• Philippines Current Account recorded a deficit of 2.2 USD bn in Sep 2024, compared with a deficit of 1.8 USD bn in the previous month.
• Philippines Current Account Balance: USD mn data is updated monthly, available from Jan 1999 to Sep 2024, with an averaged value of 146.8 USD mn.
• The data reached an all-time high of 2.8 USD bn in Apr 2020 and a record low of -2.9 USD bn in May 2022.
• CEIC extends history for monthly Current Account Balance. Bangko Sentral ng Pilipinas provides Current Account Balance in USD based on BPM6. Current Account Balance prior to January 2005 is based on BPM5.
• Foreign Direct Investment (FDI) increased by 820.5 USD mn in Jul 2024.
• Philippines Direct Investment Abroad fell by 56.0 USD mn in Sep 2024.
• Its Foreign Portfolio Investment increased by 2.7 USD bn in Mar 2024.
• The country's Nominal GDP was reported at 102.1 USD bn in Mar 2023.

The Philippines: Current account balance, billion USD: The latest value from 2023 is -11.82 billion U.S. dollars, an increase from -18.26 billion U.S. dollars in 2022. In comparison, the world average is 1.95 billion U.S. dollars, based on data from 148 countries. Historically, the average for the Philippines from 1977 to 2023 is -0.12 billion U.S. dollars. The minimum value, -18.26 billion U.S. dollars, was reached in 2022 while the maximum of 11.58 billion U.S. dollars was recorded in 2020.

Current account balance (% of GDP) in Philippines was reported at --3.7941 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. Philippines - Current account balance (% of GDP) - actual values, historical data, forecasts and projections were sourced from the World Bank on August of 2025.

The debit card penetration in the Philippines was forecast to continuously increase between 2024 and 2029 by in total 7.5 percentage points. After the fifteenth consecutive increasing year, the debit card penetration is estimated to reach 40.26 percent and therefore a new peak in 2029. Notably, the debit card penetration of was continuously increasing over the past years.The penetration rate refers to the share of the total population who use debit cards.The shown data are an excerpt of Statista's Key Market Indicators (KMI). The KMI are a collection of primary and secondary indicators on the macro-economic, demographic and technological environment in up to 150 countries and regions worldwide. All indicators are sourced from international and national statistical offices, trade associations and the trade press and they are processed to generate comparable data sets (see supplementary notes under details for more information).Find more key insights for the debit card penetration in countries like Cambodia and Singapore.

Philippines recorded a Current Account deficit of 3.80 percent of the country's Gross Domestic Product in 2024. This dataset provides - Philippines Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines: Current account balance, billion USD: Pour cet indicateur, La Banque mondiale fournit des données pour la Philippines de 1977 à 2023. La valeur moyenne pour Philippines pendant cette période était de -0.12 billion U.S. dollars avec un minimum de -18.26 billion U.S. dollars en 2022 et un maximum de 11.58 billion U.S. dollars en 2020.

Philippines PH: BOP: Financial Account: Net data was reported at -3.071 USD bn in 2017. This records a decrease from the previous number of -862.904 USD mn for 2016. Philippines PH: BOP: Financial Account: Net data is updated yearly, averaging -557.000 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 8.386 USD bn in 2007 and a record low of -9.599 USD bn in 1997. Philippines PH: BOP: Financial Account: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank.WDI: Balance of Payments: Capital and Financial Account. The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards. In BPM6, the headings of the financial account have been changed from credits and debits to net acquisition of financial assets and net incurrence of liabilities; i.e., all changes due to credit and debit entries are recorded on a net basis separately for financial assets and liabilities. Financial account balances are calculated as the change in assets minus the change in liabilities; signs are reversed from previous editions.

Central Bank Balance Sheet in Philippines decreased to 7808.70 PHP Billion in December from 8053.10 PHP Billion in November of 2024. This dataset provides - Philippines Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Philippines PH: BOP: Current Account: Secondary Income: Net data was reported at 26.083 USD bn in 2017. This records an increase from the previous number of 24.728 USD bn for 2016. Philippines PH: BOP: Current Account: Secondary Income: Net data is updated yearly, averaging 936.000 USD mn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 26.083 USD bn in 2017 and a record low of 258.000 USD mn in 1977. Philippines PH: BOP: Current Account: Secondary Income: Net data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Balance of Payments: Current Account. Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; ; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data was reported at 45.363 % in 2017. This records an increase from the previous number of 40.100 % for 2014. Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data is updated yearly, averaging 40.100 % from Dec 2011 (Median) to 2017, with 3 observations. The data reached an all-time high of 45.363 % in 2017 and a record low of 37.667 % in 2011. Philippines PH: Bank Account Ownership at a Financial Institution or with a Mobile-Money-Service Provider, Richest 60%: % of Population Aged 15+ data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Bank Account Ownership. Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (richest 60%, share of population ages 15+).; ; Demirguc-Kunt et al., 2018, Global Financial Inclusion Database, World Bank.; Weighted Average; Each economy is classified based on the classification of World Bank Group's fiscal year 2018 (July 1, 2017-June 30, 2018).

Philippines PH: BOP: Current Account: Trade in Services: % of GDP data was reported at 19.680 % in 2017. This records an increase from the previous number of 18.159 % for 2016. Philippines PH: BOP: Current Account: Trade in Services: % of GDP data is updated yearly, averaging 13.592 % from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 35.533 % in 1997 and a record low of 8.087 % in 1977. Philippines PH: BOP: Current Account: Trade in Services: % of GDP data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Balance of Payments: Current Account. Trade in services is the sum of service exports and imports divided by the value of GDP, all in current U.S. dollars.; ; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; Weighted average; Note: Data are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6) and are only available from 2005 onwards.

Philippines PH: BOP: Current Account: Personal Remittances: Received data was reported at 32.810 USD bn in 2017. This records an increase from the previous number of 31.142 USD bn for 2016. Philippines PH: BOP: Current Account: Personal Remittances: Received data is updated yearly, averaging 5.360 USD bn from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 32.810 USD bn in 2017 and a record low of 339.000 USD mn in 1977. Philippines PH: BOP: Current Account: Personal Remittances: Received data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Philippines – Table PH.World Bank: Balance of Payments: Current Account. Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.; ; World Bank staff estimates based on IMF balance of payments data.; Sum; Note: Data starting from 2005 are based on the sixth edition of the IMF's Balance of Payments Manual (BPM6).