Philippines - External balance on goods and services (% of GDP)
External balance on goods and services (% of GDP) in Philippines was -7.80 as of 2020. Its highest value over the past 39 years was 2.39 in 1986, while its lowest value was -12.08 in 2019.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1981 | -2.96 |
| 1982 | -4.44 |
| 1983 | -4.89 |
| 1984 | -0.94 |
| 1985 | 1.20 |
| 1986 | 2.39 |
| 1987 | -0.27 |
| 1988 | 0.68 |
| 1989 | -1.80 |
| 1990 | -4.14 |
| 1991 | -2.29 |
| 1992 | -3.43 |
| 1993 | -5.86 |
| 1994 | -4.38 |
| 1995 | -5.44 |
| 1996 | -6.08 |
| 1997 | -7.06 |
| 1998 | -4.46 |
| 1999 | -0.34 |
| 2000 | 1.54 |
| 2001 | -2.59 |
| 2002 | -3.83 |
| 2003 | -2.96 |
| 2004 | -3.47 |
| 2005 | -1.39 |
| 2006 | 1.64 |
| 2007 | 2.38 |
| 2008 | -0.97 |
| 2009 | -0.45 |
| 2010 | -0.35 |
| 2011 | -2.58 |
| 2012 | -2.91 |
| 2013 | -3.47 |
| 2014 | -2.76 |
| 2015 | -4.73 |
| 2016 | -8.43 |
| 2017 | -9.06 |
| 2018 | -11.74 |
| 2019 | -12.08 |
| 2020 | -7.80 |
Aggregation method: Weighted average
Periodicity: Annual
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
