
P H I L I P P I N E S	P H I L I P P I N E S
	SELECTED ECONOMIC AND FINANCIAL INDICATORS


	I t e m			1998		1999		2000		2001		2002		2003		2004		2005		2005		2006


IV. EXTERNAL SECTOR																				January - March

	A. Current Account Balance (US$ M) ¹⁴			1546		-2874		-2225		-1762		-351		282		1626		2354		733		1166

	(as % of GNP)			2.3		-3.6		-2.8		-2.3		-0.4		0.3		1.7	^r	2.2		3.0		4.1
	(as % of GDP)			2.4		-3.8		-2.9		-2.5		-0.5		0.4		1.9		2.4		3.3		4.4
																				January - May
	B. Trade Balance (US$ M) ¹⁵			-28		-5977	^a/	-5971	^a/	-6265		-5530		-5851		-5684		-7546		-2342	^{a r}	-1279	^{a r}

																				January - May
	C. Exports (Goods; US$ M) ¹⁵			29496	^a	34243		37347		31313		34403		35339		38794		40231		16113	^{a *}	18687	^{a r}
	Growth Rate (%)			16.9		n.c.		9.1		-16.2		9.9		2.7		9.8		3.7		4.2		16.0
																				January - March
	(as % of GDP)			45.3		45.0		49.2		44.0		44.8		44.4	^r	44.7	^r	40.9	^r	43.0		41.3
																				January - May
	D. Imports																			^**
	D. Imports (Goods; US$ M) ¹⁵			29524	^a	40220	^a/	43318		37578		39933		41190		44478		47777		18455	^a	19965	^a
	Growth Rate (%)			-18.8		n.c.		7.7		-13.3		6.3		3.1		8.0		7.4		2.2		8.2
																				January - September
																				January - March
	(as % of GDP)			45.3		52.8		57.1		52.8		52.0		51.7	^r	51.3	^r	48.6	^r	47.5	^r	42.4	^r


	E. Services, of which OFWs:																			January - May
	Remittances (US$M) (coursed through the			7368		6795		6050		6031		6886		7578		8550		10689		4229		4854	^p
	banking system)
	Deployment (in thousand persons)			832		837		842		868		892		868		934		982		464		466	^p/
																				January - March
	F. Investments, Net (US$ M) ¹⁴			187		4022		3225		849		1029		672		-1647		820		1542		1442
	Growth Rate (%)			119.4		-239.1	^b	78.8		-70.0		30.1		-6.2		10.8		149.8		268.0		-6.5
	of which:	Net Direct Investments		1592		1114		2115		335		1477		188		109		970		360		398
		Net Portfolio Investments		80		3315		-553		1027		746		562		-1665		2835		899		2162
		Financial Derivatives		..		8		44		-15		-21		-64		-27		-43		-42		-72
		Other Investments		***		-415		1619		-498		-1173		-14		-64		-2942		325		-1046
	Memo items:																			January - April
		Net Foreign Direct Investments ¹⁶		1752		1247		2240		195		1542		491		688		1132		487		500
																				January - June
		Net Foreign Portfolio Investments ¹⁷		114		473		-149		69		212		676		487		2104		1937		774

																				January - March
	G. Basic Balance (US$ M) ¹⁸			4548		-718		163		-1610		416		228		1152		2496		977		915

																				January - June
	H. Overall BOP Position (US$M) ¹⁹			1359		3591		-509		-202		810		115		-280		2410		1979		2040	^p
																				2005		2006
																				2005		2006
	I. Net International Reserves, (MA-NIR)																			June
	(end-of-period; in US$ M) ²⁰			8066	^r	11909		11392		11426		13021		14065		14560		17659	^r	16675		20502	^r/
																			^r/				^r/

	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
	for services and income)
	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
	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

																				As of End-March
	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