Total current account debit/expenditure, Debit/Expenditure in Philippines
Philippines: Total current account debit/expenditure, Debit/Expenditure was 175.51 billion in 2024. ▲ Rising
Total current account debit/expenditure, Debit/Expenditure in Philippines, 2005–2024
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.
Total current account debit/expenditure, Debit/Expenditure in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 48.34 billion | — |
| 2006 | 54.39 billion | +12.5% |
| 2007 | 60.26 billion | +10.8% |
| 2008 | 70.63 billion | +17.2% |
| 2009 | 58.15 billion | -17.7% |
| 2010 | 72.03 billion | +23.9% |
| 2011 | 78.19 billion | +8.6% |
| 2012 | 88.19 billion | +12.8% |
| 2013 | 86.50 billion | -1.9% |
| 2014 | 96.79 billion | +11.9% |
| 2015 | 98.58 billion | +1.9% |
| 2016 | 110.10 billion | +11.7% |
| 2017 | 126.27 billion | +14.7% |
| 2018 | 138.86 billion | +10.0% |
| 2019 | 139.94 billion | +0.8% |
| 2020 | 108.29 billion | -22.6% |
| 2021 | 136.02 billion | +25.6% |
| 2022 | 161.50 billion | +18.7% |
| 2023 | 164.56 billion | +1.9% |
| 2024 | 175.51 billion | +6.7% |
Philippines compared with similar countries
- Philippines's 175.51 billion is above the median for upper middle income countries, which is 22.86 billion, 7.7× the median. (54 countries reporting)
- Philippines's 175.51 billion is above the median for East Asia & Pacific, which is 11.26 billion, 15.6× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | 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
More trade data for Philippines
- Commodity Net Export Price Index, Individual Commodities Weighted by 126.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 102.25 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 99.91 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 97.31 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.72 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 71.34 (2025)
- Imports of low carbon technology products, Percent of GDP 0.9273 (2024)
- Imports of low carbon technology products, US dollar (World), per 36.95 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0093 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 1.76 billion (2024)
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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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.