Services, Debit/Expenditure in Philippines
Philippines: Services, Debit/Expenditure was 37.62 billion in 2024. β² Rising
Services, Debit/Expenditure in Philippines, 2005β2024
Source: International Monetary Fund.
Analysis
Philippines recorded 37.62 billion for services, debit/expenditure in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 24.8% on the previous year and up 79.8% over ten years.
Over the whole period, services, debit/expenditure in Philippines peaked at 37.62 billion in 2024 and was at its lowest, 6.46 billion, in 2005.
That places Philippines 37th out of 198 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.17 billion | 6.46 billion | 11.08 billion | 5 |
| 2010s | 20.48 billion | 12.02 billion | 28.22 billion | 10 |
| 2020s | 26.10 billion | 17.96 billion | 37.62 billion | 5 |
Countries ranked near Philippines
More trade data for Philippines
- Total current account debit/expenditure, Debit/Expenditure 175.51 billion (2024)
- Goods, Debit/Expenditure 123.92 billion (2024)
- Primary income, Debit/Expenditure 12.78 billion (2024)
- Secondary income, Debit/Expenditure 1.19 billion (2024)
- Total capital account debit/expenditure, Debit/Expenditure 9.61 million (2024)
- Milking, dairy machinery (trade) β Import Value 695.55 1000 USD (2009)
- Milking, dairy machinery (trade) β Export Value 3 1000 USD (2008)
- Lead time to export, median case 1 days (2018)
Frequently asked questions
- What is services, debit/expenditure in Philippines?
- Services, debit/expenditure in Philippines was 37.62 billion in 2024, according to International Monetary Fund.
- What is the highest services, debit/expenditure recorded in Philippines?
- The highest recorded value was 37.62 billion in 2024.
- What is the lowest services, debit/expenditure recorded in Philippines?
- The lowest recorded value was 6.46 billion in 2005.
- How does Philippines rank for services, debit/expenditure?
- Philippines ranks 37th out of 198 countries with data for 2024.
- Is services, debit/expenditure rising or falling in Philippines?
- Over the last ten years it is up 79.8%. The long-run trend across the full record is rising.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Services, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 20 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.