Philippines current account


Philippines current account: -864.1 (-64.1%)
Last Update: June 30, 2024

Philippines current account closed down -864.1 as of June 30, 2024 from -2406.87 from the previous month and -724.09 from last year.


Philippines current account Analytics & Data




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Philippines current account

Date Values
2024-06-30 -864.1
2024-05-31 -2406.87
2024-04-30 -1865.06
2024-03-31 -555.92
2024-02-29 19.61
2024-01-31 -1407.95
2023-12-31 -7.31
2023-11-30 -891.22
2023-10-31 -82.13
2023-09-30 -417.29
2023-08-31 -1176.91
2023-07-31 -594.76
2023-06-30 -724.09
2023-05-31 -1993.99
2023-04-30 -1253.47
2023-03-31 -2195.26
2023-02-28 -300.23
2023-01-31 -2024.35
2022-12-31 -199.92
2022-11-30 -3.38
2022-10-31 625.09
2022-09-30 -1034.15
2022-08-31 -2591.68
2022-07-31 -2174.31

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Philippines current account Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account ph.currentaccount -864.1 -2406.87 -64 19 Down Down 72 2024-06-30

Philippines current account Quantitative Analysis, Charts & Factors

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Philippines current account Historical Data

The MacroVar database offers free access to historical data for the Philippines current account, dating back to 1950. This extensive dataset is readily available through MacroVar versatile platforms, including a user-friendly web interface, a robust Python API, and convenient Excel integration. By leveraging these tools, users can efficiently retrieve and analyze decades of Philippines current account data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines current account

The Philippines current account refers to the balance of trade in goods and services, as well as income and transfer payments between the Philippines and the rest of the world. A positive current account balance indicates that the country is exporting more goods and services, earning more income from abroad, and receiving more transfers than it is importing. On the other hand, a negative current account balance signifies that the country is importing more than it is exporting and paying out more income and transfers than it is receiving. The Philippines has traditionally had a negative current account balance due to its reliance on imports and remittances from overseas Filipino workers. However, the country has been working towards improving its current account balance through policies aimed at boosting exports and reducing imports.

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