Philippines current account to gdp

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Philippines current account to gdp: -1.3 (-70.45%)
Last Update: December 31, 2023

Philippines current account to gdp closed down -1.3 as of December 31, 2023 from -4.4 from the previous month and 3.1 from last year.


Philippines current account to gdp Analytics & Data




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Philippines current account to gdp closing prices of the last 24 values are displayed below. Sign up free to download the full historical data series using MacroVar Web/Excel or API.

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Philippines current account to gdp

Date Values
2023-12-31 -1.3
2022-12-31 -4.4
2021-12-31 -1.5
2020-12-31 3.6
2019-12-31 2.2
2018-12-31 -0.7
2017-12-31 -0.7
2016-12-31 -0.4
2015-12-31 2.5
2014-12-31 3.8
2013-12-31 4.2
2012-12-31 2.8
2011-12-31 3.1
2010-12-31 4.5
2009-12-31 5.8
2008-12-31 2.2
2007-12-31 4.9
2006-12-31 4.5
2005-12-31 2
2004-12-31 1.9
2003-12-31 0.4
2002-12-31 -0.4
2001-12-31 -2.4
2000-12-31 -2.9

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Philippines current account to gdp Statistics


Indicator Symbol Actual Previous M/M% Y/Y% Trend Slope Percentile Update
current account to gdp ph.currentaccountgdp -1.3 -4.4 -70 -142 Down Down 0 2023-12-31

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Philippines current account to gdp Historical Data

The MacroVar database offers free access to historical data for the Philippines current account to gdp, 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 to gdp data, supporting a wide range of research, financial analysis, and decision-making processes.

What is the Philippines current account to gdp

The Philippines' current account to GDP ratio is a measure of the country's balance of trade and income with the rest of the world relative to its overall economic output. A positive current account balance indicates that the country is earning more from its exports and investments abroad than it is spending on imports and foreign investments, while a negative balance suggests the opposite. A high current account to GDP ratio may indicate that the country is relying heavily on foreign trade and investment to fuel its economic growth, while a low ratio could suggest a more self-sufficient economy. Monitoring this ratio is important for policymakers to assess the country's economic health and vulnerability to external shocks.

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