Total current account debit/expenditure, Debit/Expenditure in Philippines

Philippines: Total current account debit/expenditure, Debit/Expenditure was 175.51 billion in 2024. β–² Rising

Latest (2024)
175.51 billion
Change on year
up 6.7%
World rank
37th
of 197 countries
All-time high
175.51 billion
in 2024
All-time low
48.34 billion
in 2005
Years of data
20
2005–2024

Total current account debit/expenditure, Debit/Expenditure in Philippines, 2005–2024

50.0B100.0B150.0B200.0B2005201420242005: 48.3B2006: 54.4B2007: 60.3B2008: 70.6B2009: 58.2B2010: 72.0B2011: 78.2B2012: 88.2B2013: 86.5B2014: 96.8B2015: 98.6B2016: 110.1B2017: 126.3B2018: 138.9B2019: 139.9B2020: 108.3B2021: 136.0B2022: 161.5B2023: 164.6B2024: 175.5B

Source: International Monetary Fund.

Analysis

The most recent figure for total current account debit/expenditure, debit/expenditure in Philippines is 175.51 billion, measured in 2024. That is the highest value across all 20 years on record.

Compared with earlier readings it is up 6.7% on the previous year and up 81.3% over ten years.

Over the whole period, total current account debit/expenditure, debit/expenditure in Philippines peaked at 175.51 billion in 2024 and was at its lowest, 48.34 billion, in 2005.

That places Philippines 37th out of 197 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

DecadeAverage LowestHighest Years
2000s 58.36 billion 48.34 billion 70.63 billion 5
2010s 103.55 billion 72.03 billion 139.94 billion 10
2020s 149.18 billion 108.29 billion 175.51 billion 5

Countries ranked near Philippines

  1. 34 Norway 230.60 billion compare
  2. 35 Hungary 199.91 billion compare
  3. 36 Romania 186.17 billion compare
  4. 38 Portugal 170.97 billion compare
  5. 39 Israel 170.92 billion compare
  6. 40 Finland 162.53 billion compare

See the full ranking of 206 places β†’

More trade data for Philippines

All data for Philippines β†’

Frequently asked questions

What is total current account debit/expenditure, debit/expenditure in Philippines?
Total current account debit/expenditure, debit/expenditure in Philippines was 175.51 billion in 2024, according to International Monetary Fund.
What is the highest total current account debit/expenditure, debit/expenditure recorded in Philippines?
The highest recorded value was 175.51 billion in 2024.
What is the lowest total current account debit/expenditure, debit/expenditure recorded in Philippines?
The lowest recorded value was 48.34 billion in 2005.
How does Philippines rank for total current account debit/expenditure, debit/expenditure?
Philippines ranks 37th out of 197 countries with data for 2024.
Is total current account debit/expenditure, debit/expenditure rising or falling in Philippines?
Over the last ten years it is up 81.3%. 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 Total current account debit/expenditure, Debit/Expenditure (US dollar). Statizoid updates them automatically from the source API.

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Total current account debit/expenditure, Debit/Expenditure in Philippines. Statizoid, drawing on International Monetary Fund. Retrieved 18 August 2026, from https://trade.statizoid.com/stat/total-current-account-debit-expenditure-debit-expenditure-us-dollar/philippines/

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About this data

Indicator
Total current account debit/expenditure, Debit/Expenditure (US dollar)
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
206 places, 3,849 data points, 2005–2024
Last refreshed

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.