Philippines - Net current transfers from abroad

Net current transfers from abroad (current US$)

The latest value for Net current transfers from abroad (current US$) in Philippines was $27,512,500,000 as of 2020. Over the past 22 years, the value for this indicator has fluctuated between $27,949,090,000 in 2019 and $482,031,200 in 2000.

Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current U.S. dollars.

Source: World Bank national accounts data, and OECD National Accounts data files.

See also:

Year Value
1998 $488,957,600
1999 $571,793,400
2000 $482,031,200
2001 $531,668,100
2002 $514,054,900
2003 $704,870,300
2004 $543,081,700
2005 $11,634,390,000
2006 $13,243,620,000
2007 $14,445,670,000
2008 $15,772,730,000
2009 $16,554,950,000
2010 $17,595,800,000
2011 $18,567,040,000
2012 $19,499,660,000
2013 $21,073,390,000
2014 $22,782,390,000
2015 $23,263,120,000
2016 $24,727,520,000
2017 $26,152,520,000
2018 $26,818,410,000
2019 $27,949,090,000
2020 $27,512,500,000

Net current transfers from abroad (current LCU)

The value for Net current transfers from abroad (current LCU) in Philippines was 1,365,280,000,000 as of 2020. As the graph below shows, over the past 22 years this indicator reached a maximum value of 1,447,650,000,000 in 2019 and a minimum value of 19,994,990,000 in 1998.

Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in current local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1998 19,994,990,000
1999 22,350,830,000
2000 21,302,070,000
2001 27,111,140,000
2002 26,527,080,000
2003 38,206,300,000
2004 30,434,240,000
2005 640,886,000,000
2006 679,587,000,000
2007 666,645,000,000
2008 699,100,000,000
2009 789,335,000,000
2010 793,741,000,000
2011 804,196,000,000
2012 823,447,000,000
2013 894,485,000,000
2014 1,011,430,000,000
2015 1,058,540,000,000
2016 1,174,370,000,000
2017 1,318,180,000,000
2018 1,412,290,000,000
2019 1,447,650,000,000
2020 1,365,280,000,000

Net current transfers from abroad (constant LCU)

The value for Net current transfers from abroad (constant LCU) in Philippines was 465,222,000,000 as of 2012. As the graph below shows, over the past 14 years this indicator reached a maximum value of 503,093,000,000 in 2009 and a minimum value of 17,920,570,000 in 1998.

Definition: Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net current transfers from abroad is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. Data are in constant local currency.

Source: World Bank national accounts data, and OECD National Accounts data files.

Year Value
1998 17,920,570,000
1999 236,109,000,000
2000 249,375,000,000
2001 329,047,000,000
2002 360,287,000,000
2003 401,781,000,000
2004 426,501,000,000
2005 488,082,000,000
2006 498,962,000,000
2007 462,886,000,000
2008 446,604,000,000
2009 503,093,000,000
2010 466,952,000,000
2011 471,452,000,000
2012 465,222,000,000

Classification

Topic: Economic Policy & Debt Indicators

Sub-Topic: National accounts