Goods balance (credit less debit), Net (credits less debits) (US) in Philippines
Philippines: Goods balance (credit less debit), Net (credits less debits) (US) was -68.86 billion in 2024. ◆ Volatile
Goods balance (credit less debit), Net (credits less debits) in Philippines, 2005–2024
Source: International Monetary Fund.
Analysis
The most recent figure for goods balance (credit less debit), net (credits less debits) in Philippines is -68.86 billion, measured in 2024.
Compared with earlier readings it is down 4.3% on the previous year and down 297.4% over ten years.
Over the whole period, goods balance (credit less debit), net (credits less debits) in Philippines peaked at -11.46 billion in 2006 and was at its lowest, -69.70 billion, in 2022.
Philippines ranks 195th of 198 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Goods balance (credit less debit), Net (credits less debits) (US) in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -12.15 billion | — |
| 2006 | -11.46 billion | -5.7% |
| 2007 | -13.97 billion | +21.9% |
| 2008 | -18.65 billion | +33.5% |
| 2009 | -13.86 billion | -25.7% |
| 2010 | -16.86 billion | +21.6% |
| 2011 | -20.43 billion | +21.2% |
| 2012 | -18.93 billion | -7.4% |
| 2013 | -17.66 billion | -6.7% |
| 2014 | -17.33 billion | -1.9% |
| 2015 | -23.31 billion | +34.5% |
| 2016 | -35.55 billion | +52.5% |
| 2017 | -40.21 billion | +13.1% |
| 2018 | -50.97 billion | +26.8% |
| 2019 | -49.31 billion | -3.3% |
| 2020 | -33.78 billion | -31.5% |
| 2021 | -52.81 billion | +56.3% |
| 2022 | -69.70 billion | +32.0% |
| 2023 | -66.04 billion | -5.3% |
| 2024 | -68.86 billion | +4.3% |
Philippines compared with similar countries
- Philippines's -68.86 billion is below the median for upper middle income countries, which is -778.45 million, 88.5× the median. (54 countries reporting)
- Philippines's -68.86 billion is below the median for East Asia & Pacific, which is -98.47 million, 699.3× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -14.02 billion | -18.65 billion | -11.46 billion | 5 |
| 2010s | -29.06 billion | -50.97 billion | -16.86 billion | 10 |
| 2020s | -58.24 billion | -69.70 billion | -33.78 billion | 5 |
Countries ranked near Philippines
More financial sector data for Philippines
- Reserve position in the IMF, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 6.23 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 2.52 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0011 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 4.55 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 7.66 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0015 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 6.23 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 2.52 % change on previous year (2025)
Frequently asked questions
- What is goods balance (credit less debit), net (credits less debits) in Philippines?
- Goods balance (credit less debit), net (credits less debits) in Philippines was -68.86 billion in 2024, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), net (credits less debits) recorded in Philippines?
- The highest recorded value was -11.46 billion in 2006.
- What is the lowest goods balance (credit less debit), net (credits less debits) recorded in Philippines?
- The lowest recorded value was -69.70 billion in 2022.
- How does Philippines rank for goods balance (credit less debit), net (credits less debits)?
- Philippines ranks 195th out of 198 countries with data for 2024.
- Is goods balance (credit less debit), net (credits less debits) rising or falling in Philippines?
- Over the last ten years it is down 297.4%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Net (credits less debits) (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.