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| P H I L I
P P I N E S |
P H I L I P P I N E S |
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SELECTED ECONOMIC AND FINANCIAL INDICATORS |
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I t e m |
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1998 |
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1999 |
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2000 |
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2001 |
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2002 |
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2003 |
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2004 |
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2005 |
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2005 |
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2006 |
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| IV.
EXTERNAL SECTOR |
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January - March |
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| |
A. Current Account Balance (US$ M)
14 |
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1546 |
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-2874 |
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-2225 |
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-1762 |
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-351 |
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282 |
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1626 |
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2354 |
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733 |
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1166 |
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(as % of
GNP) |
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2.3 |
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-3.6 |
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-2.8 |
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-2.3 |
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-0.4 |
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0.3 |
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1.7 |
r |
2.2 |
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3.0 |
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4.1 |
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(as % of
GDP) |
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2.4 |
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-3.8 |
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-2.9 |
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-2.5 |
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-0.5 |
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0.4 |
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1.9 |
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2.4 |
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3.3 |
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4.4 |
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January - May |
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B. Trade Balance (US$ M) 15 |
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-28 |
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-5977 |
a/ |
-5971 |
a/ |
-6265 |
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-5530 |
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-5851 |
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-5684 |
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-7546 |
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-2342 |
a r |
-1279 |
a r |
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January - May |
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C. Exports (Goods; US$ M) 15 |
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29496 |
a |
34243 |
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37347 |
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31313 |
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34403 |
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35339 |
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38794 |
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40231 |
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16113 |
a * |
18687 |
a r |
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| |
Growth Rate (%) |
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16.9 |
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n.c. |
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9.1 |
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-16.2
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9.9 |
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2.7 |
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9.8 |
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3.7 |
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4.2 |
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16.0 |
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January - March |
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(as % of GDP) |
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45.3 |
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45.0 |
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49.2 |
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44.0 |
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44.8 |
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44.4 |
r |
44.7 |
r |
40.9 |
r |
43.0 |
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41.3 |
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January - May |
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D. Imports |
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** |
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D. Imports (Goods; US$ M) 15 |
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29524 |
a |
40220 |
a/ |
43318 |
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37578 |
|
39933 |
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41190 |
|
44478 |
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47777 |
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18455 |
a |
19965 |
a |
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| |
Growth Rate (%) |
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-18.8 |
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n.c. |
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7.7 |
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-13.3
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6.3 |
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3.1 |
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8.0 |
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7.4 |
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2.2 |
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8.2 |
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January - September |
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January - March |
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(as % of GDP) |
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45.3 |
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52.8 |
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57.1 |
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52.8 |
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52.0 |
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51.7 |
r |
51.3 |
r |
48.6 |
r |
47.5 |
r |
42.4 |
r |
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E. Services, of which OFWs: |
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January - May |
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| |
Remittances (US$M) (coursed through the |
|
7368 |
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6795 |
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6050 |
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6031 |
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6886 |
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7578 |
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8550 |
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10689 |
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4229 |
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4854 |
p |
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| |
banking system) |
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| |
Deployment (in thousand persons) |
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832 |
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837 |
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842 |
|
868 |
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892 |
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868 |
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934 |
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982 |
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464 |
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466 |
p/ |
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| |
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January - March |
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| |
F. Investments, Net (US$ M) 14 |
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187 |
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4022 |
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3225 |
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849 |
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1029 |
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672 |
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-1647 |
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820 |
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1542 |
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1442 |
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| |
Growth Rate (%) |
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119.4 |
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-239.1 |
b |
78.8 |
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-70.0 |
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30.1 |
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-6.2 |
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10.8 |
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149.8 |
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268.0 |
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-6.5 |
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| |
of which: |
Net Direct Investments |
|
1592 |
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1114 |
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2115 |
|
335 |
|
1477 |
|
188 |
|
109 |
|
970 |
|
360 |
|
398 |
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| |
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Net Portfolio Investments |
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80 |
|
3315 |
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-553 |
|
1027 |
|
746 |
|
562 |
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-1665 |
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2835 |
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899 |
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2162 |
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| |
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Financial Derivatives |
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.. |
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8 |
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44 |
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-15 |
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-21 |
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-64 |
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-27 |
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-43 |
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-42 |
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-72 |
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| |
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Other Investments |
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*** |
|
-415 |
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1619 |
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-498 |
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-1173 |
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-14 |
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-64 |
|
-2942 |
|
325 |
|
-1046 |
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| |
Memo items: |
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January - April |
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| |
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Net Foreign Direct Investments 16 |
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1752 |
|
1247 |
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2240 |
|
195 |
|
1542 |
|
491 |
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688 |
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1132 |
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487 |
|
500 |
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| |
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January - June |
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| |
|
Net Foreign Portfolio Investments 17 |
|
114 |
|
473 |
|
-149 |
|
69 |
|
212 |
|
676 |
|
487 |
|
2104 |
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1937 |
|
774 |
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| |
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| |
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January - March |
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G.
Basic Balance (US$ M) 18 |
|
4548 |
|
-718 |
|
163 |
|
-1610 |
|
416 |
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228 |
|
1152 |
|
2496 |
|
977 |
|
915 |
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| |
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| |
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January - June |
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| |
H. Overall BOP Position (US$M) 19 |
|
1359 |
|
3591 |
|
-509 |
|
-202 |
|
810 |
|
115 |
|
-280 |
|
2410 |
|
1979 |
|
2040 |
p |
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| |
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2005 |
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2006 |
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| |
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2005 |
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2006 |
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| |
I. Net International Reserves, (MA-NIR) |
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June |
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| |
(end-of-period; in US$ M) 20 |
|
8066 |
r |
11909 |
|
11392 |
|
11426 |
|
13021 |
|
14065 |
|
14560 |
|
17659 |
r |
16675 |
|
20502 |
r/ |
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| |
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r/ |
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r/ |
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| |
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| |
J.
Total Foreign Assets, BSP-GIR (EOP, US$M) 21 |
|
10842 |
r |
15064 |
|
15063 |
|
15692 |
|
16365 |
|
17063 |
|
16228 |
|
18494 |
r |
17723 |
|
21123 |
r/ |
|
| |
(in months of imports of goods &
payment |
|
3.1 |
|
3.7 |
r |
3.5 |
r |
4.0 |
|
4.0 |
|
4.1 |
|
3.6 |
|
3.8 |
|
3.9 |
|
4.3 |
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|
| |
for services and income) |
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| |
as
a % of short-term debt based on Original Maturity |
|
185.1 |
r |
304.4 |
|
274.1 |
|
261.5 |
|
294.4 |
|
276.2 |
|
321.6 |
|
289.2 |
|
290.6 |
|
343.6 |
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|
| |
as
a % of short-term debt based on Residual Maturity 22 |
|
112.0 |
r |
188.0 |
|
163.9 |
|
143.6 |
|
143.7 |
|
140.7 |
|
156.9 |
|
154.5 |
|
155.0 |
|
182.6 |
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| |
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| |
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As of End-March |
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|
| |
K.
External Debt (end-of-period; US$ M) 23 |
|
46146 |
|
50997 |
|
51206 |
|
51900 |
|
53645 |
|
57395 |
|
54846 |
|
54186 |
|
55352 |
|
55304 |
|
|
| |
(as % of GNP) |
|
|
67.3 |
|
63.6 |
|
63.5 |
|
68.3 |
|
65.6 |
r |
67.2 |
r |
58.7 |
r |
50.8 |
r |
57.47 |
|
49.69 |
c |
|
| |
(as % of GDP) |
|
|
70.8 |
|
67.0 |
|
67.5 |
|
72.9 |
|