Balance of Payments: Total Net Current Account for Philippines
PHLBCAGDPBP6PT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-1.14
Year-over-Year Change
74.91%
Date Range
1/1/1990 - 1/1/2029
Summary
The Balance of Payments: Total Net Current Account for Philippines measures the country's net international transactions, providing insights into its economic performance and global financial standing.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The current account balance reflects the difference between a country's exports and imports of goods, services, and income. This metric is a key indicator of an economy's external position and can inform policy decisions related to trade, investment, and exchange rates.
Methodology
The data is collected and calculated by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Historical Context
Economists and policymakers use this trend to assess the Philippines' competitiveness, monitor trade imbalances, and evaluate the impact of economic policies on the country's external accounts.
Key Facts
- The Philippines has maintained a current account surplus since 2016.
- The current account balance is a key component of the country's overall balance of payments.
- Improving the current account can help strengthen the Philippine peso and attract foreign investment.
FAQs
Q: What does this economic trend measure?
A: The Balance of Payments: Total Net Current Account for Philippines measures the country's net international transactions, including trade in goods and services, income, and unilateral transfers.
Q: Why is this trend relevant for users or analysts?
A: This metric is a crucial indicator of the Philippines' economic performance and global financial standing, informing policy decisions related to trade, investment, and exchange rates.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the Bangko Sentral ng Pilipinas, the central bank of the Philippines.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to assess the Philippines' competitiveness, monitor trade imbalances, and evaluate the impact of economic policies on the country's external accounts.
Q: Are there update delays or limitations?
A: The data is published quarterly by the Bangko Sentral ng Pilipinas, with a typical release lag of 2-3 months.
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Citation
U.S. Federal Reserve, Balance of Payments: Total Net Current Account for Philippines (PHLBCAGDPBP6PT), retrieved from FRED.