Services balance (credit less debit), Net (credits less debits) in Philippines
Philippines: Services balance (credit less debit), Net (credits less debits) was 13.97 billion in 2024. β Volatile
Services balance (credit less debit), Net (credits less debits) in Philippines, 2005β2024
Source: International Monetary Fund.
Analysis
Philippines recorded 13.97 billion for services balance (credit less debit), net (credits less debits) in 2024.
That represents a change of down 23.2% on the previous year and up 205.2% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Philippines peaked at 18.18 billion in 2023 and was at its lowest, 1.97 billion, in 2008.
That places Philippines 18th out of 197 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.89 billion | 1.97 billion | 5.96 billion | 5 |
| 2010s | 7.59 billion | 4.58 billion | 13.04 billion | 10 |
| 2020s | 15.19 billion | 13.87 billion | 18.18 billion | 5 |
Countries ranked near Philippines
More financial sector data for Philippines
- Net domestic credit (current LCU), per capita 194,178 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 46.56 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 10.49 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 149.63 million SDR (2025)
- Gold reserves at market value 13.63 billion SDR (2025)
- Reserves excluding gold, foreign exchange 63.95 billion SDR (2025)
- Reserves excluding gold 67.36 billion SDR (2025)
- Total reserves (gold at market value) 81.00 billion SDR (2025)
- Total reserves (gold at national valuation) 80.93 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 692.97 SDR per person (2025)
Frequently asked questions
- What is services balance (credit less debit), net (credits less debits) in Philippines?
- Services balance (credit less debit), net (credits less debits) in Philippines was 13.97 billion in 2024, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Philippines?
- The highest recorded value was 18.18 billion in 2023.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Philippines?
- The lowest recorded value was 1.97 billion in 2008.
- How does Philippines rank for services balance (credit less debit), net (credits less debits)?
- Philippines ranks 18th out of 197 countries with data for 2024.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Philippines?
- Over the last ten years it is up 205.2%. 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 Services 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.