Financial account balance (assets less liabilities), Net (net) in Philippines
Philippines: Financial account balance (assets less liabilities), Net (net) was -19.59 billion in 2024. ◆ Volatile
Financial account balance (assets less liabilities), Net (net) in Philippines, 2005–2024
Source: International Monetary Fund.
Analysis
Philippines recorded -19.59 billion for financial account balance (assets less liabilities), net (net) in 2024.
Compared with earlier readings it is down 97.0% on the previous year and down 389.2% over ten years.
Over the whole period, financial account balance (assets less liabilities), net (net) in Philippines peaked at 9.12 billion in 2020 and was at its lowest, -21.16 billion, in 2022.
That places Philippines 189th out of 197 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Financial account balance (assets less liabilities), Net (net) in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 4.24 billion | — |
| 2006 | 5.46 billion | +28.6% |
| 2007 | 8.39 billion | +53.7% |
| 2008 | 1.46 billion | -82.6% |
| 2009 | 5.53 billion | +278.8% |
| 2010 | 3.75 billion | -32.1% |
| 2011 | 6.08 billion | +62.1% |
| 2012 | 2.49 billion | -59.1% |
| 2013 | 7.32 billion | +193.9% |
| 2014 | 6.77 billion | -7.4% |
| 2015 | 4.92 billion | -27.4% |
| 2016 | -861.23 million | -117.5% |
| 2017 | -3.66 billion | +325.2% |
| 2018 | -11.64 billion | +217.8% |
| 2019 | -188.63 million | -98.4% |
| 2020 | 9.12 billion | -4933.8% |
| 2021 | -5.09 billion | -155.8% |
| 2022 | -21.16 billion | +315.8% |
| 2023 | -9.94 billion | -53.0% |
| 2024 | -19.59 billion | +97.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.01 billion | 1.46 billion | 8.39 billion | 5 |
| 2010s | 1.50 billion | -11.64 billion | 7.32 billion | 10 |
| 2020s | -9.33 billion | -21.16 billion | 9.12 billion | 5 |
Countries ranked near Philippines
More external debt data for Philippines
- IFC, private nonguaranteed 332.92 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 2.87 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0007 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 333.31 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.9% (2024)
- Net financial flows, IDA -2.33 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita -0.0201 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP -0 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 2.25 billion NFL, current US$ (2024)
- Public and publicly guaranteed debt service 7.8% (2024)
Frequently asked questions
- What is financial account balance (assets less liabilities), net (net) in Philippines?
- Financial account balance (assets less liabilities), net (net) in Philippines was -19.59 billion in 2024, according to International Monetary Fund.
- What is the highest financial account balance (assets less liabilities), net (net) recorded in Philippines?
- The highest recorded value was 9.12 billion in 2020.
- What is the lowest financial account balance (assets less liabilities), net (net) recorded in Philippines?
- The lowest recorded value was -21.16 billion in 2022.
- How does Philippines rank for financial account balance (assets less liabilities), net (net)?
- Philippines ranks 189th out of 197 countries with data for 2024.
- Is financial account balance (assets less liabilities), net (net) rising or falling in Philippines?
- Over the last ten years it is down 389.2%. 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 Financial account balance (assets less liabilities), Net (net acquisition of financial assets less net incurrence of liabilities), Adjusted using IMF accounting records (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.