1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	CURRENT ACCOUNT						-220	-181	-432	-833	-612	-199	-327	-1138	-560	-57	231	-386	46	-119	-445	-518		-2875
	(Totals as percent of GNI) r									-2.3				-1.6				1.2				-2.0		-3.0
	(Totals as percent of GDP) r									-2.4				-1.7				1.2				-2.1		-3.5
	Goods  and  Services						-811	-580	-877	-2268	-1148	-737	-819	-2704	-991	-440	68	-1363	-150	-299	-813	-1262		-7597
		(Totals as percent of GNI) r								-4.7				-4.1				0.3				-3.7		-8.0
		(Totals as percent of GDP) r								-5.0				-4.3				0.4				-3.9		-9.2
		Export					2791	2731	2935	8457	2546	2976	3089	8611	3094	3443	3891	10428	3721	3292	3202	10215		37711
		Import					3602	3311	3812	10725	3694	3713	3908	11315	4085	3883	3823	11791	3871	3591	4015	11477		45308
		Goods					-678	-537	-750	-1965	-1050	-636	-660	-2346	-817	-330	266	-881	-20	-153	-612	-785		-5977
		(Totals as percent of GNI) r								-4.0				-3.3				1.3				-2.8		-6.3
		(Totals as percent of GDP) r								-4.2				-3.5				1.4				-2.9		-7.2
			Credit: Exports				2520	2425	2643	7588	2291	2680	2806	7777	2801	3132	3637	9570	3411	3007	2890	9308		34243
			Debit:   Imports				3198	2962	3393	9553	3341	3316	3466	10123	3618	3462	3371	10451	3431	3160	3502	10093		40220
		Services					-133	-43	-127	-303	-98	-101	-159	-358	-174	-110	-198	-482	-130	-146	-201	-477		-1620
			Credit: Exports				271	306	292	869	255	296	283	834	293	311	254	858	310	285	312	907		3468
			Debit:   Imports				404	349	419	1172	353	397	442	1192	467	421	452	1340	440	431	513	1384		5088
	Income						-76	-69	-81	-226	-42	-68	-49	-159	-44	-41	-216	-301	-155	-178	-43	-376		-1062
		Credit:   Receipts					209	188	205	602	197	268	247	712	241	275	218	734	222	203	250	675		2723
		Debit:     Payments					285	257	286	828	239	336	296	871	285	316	434	1035	377	381	293	1051		3785
	Current  Transfers						667	468	526	1661	578	606	541	1725	475	424	379	1278	351	358	411	1120		5784
		Credit:   Receipts					680	481	541	1702	591	621	556	1768	492	440	396	1328	366	375	430	1171		5969
		Debit:     Payments					13	13	15	41	13	15	15	43	17	16	17	50	15	17	19	51		185
	CAPITAL  AND  FINANCIAL  ACCOUNT						1816	138	97	2051	894	355	547	1796	498	751	297	1546	-878	236	-566	-1208		4185
	Capital  Account						15	14	15	44	18	-4	7	21	7	19	10	36	21	17	24	62		163
		Credit:    Receipts					17	17	17	51	26	22	20	68	20	23	24	67	25	28	31	84		270
		Debit:      Payments					2	3	2	7	8	26	13	47	13	4	14	31	4	11	7	22		107
	Financial  Account						1801	124	82	2007	876	359	540	1775	491	732	287	1510	-899	219	-590	-1270		4022
		Direct Investment					72	180	-53	199	-17	17	-31	-31	24	82	182	288	37	379	242	658		1114
			Debit: Assets, Residents'  Investments Abroad				4	29	3	36	10	24	3	37	10	-6	10	14	19	12	15	46		133
			Credit: Liabilities, Non-Residents'				76	209	-50	235	-7	41	-28	6	34	76	192	302	56	391	257	704		1247
				Investments in the Phil.
		Portfolio Investment					960	547	136	1643	294	132	-50	376	154	570	-157	567	439	53	237	729		3315
			Debit: Assets, Residents'  Investments Abroad				-28	59	114	145	84	95	258	437	-93	-60	124	-29	-82	-45	177	50		603
			Credit: Liabilities, Non-Residents'				932	606	250	1788	378	227	208	813	61	510	-33	538	357	8	414	779		3918
				Investments in the Phil.
		Financial Derivatives					0	0	0	0	2	1	-1	2	-1	10	-1	8	-1	-1	0	-2		8
			Debit: Assets, Residents'  Investments Abroad				0	0	0	0	-22	-1	-1	-24	0	-11	-11	-22	-3	-1	-1	-5		-51
			Credit: Liabilities, Non-Residents'				0	0	0	0	-20	0	-2	-22	-1	-1	-12	-14	-4	-2	-1	-7		-43
				Investments in the Phil.
		Other Investment					769	-603	-1	165	597	209	622	1428	314	70	263	647	-1374	-212	-1069	-2655		-415
			Debit: Assets, Residents'  Investments Abroad				-951	254	675	-22	-249	497	159	407	-943	-278	145	-1076	574	-631	1799	1742		1051
			Credit: Liabilities, Non-Residents'				-182	-349	674	143	348	706	781	1835	-629	-208	408	-429	-800	-843	730	-913		636
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-718	520	889	691	605	-210	-71	324	-57	-401	-482	-940	905	-11	1312	2206		2281
	OVERALL BOP POSITION						878	477	554	1909	887	-54	149	982	-119	293	46	220	73	106	301	480		3591
	(Totals as percent of GNI) r									3.0				0.8				0.2				1.4		3.8
	(Totals as percent of GDP) r									3.1				0.8				0.2				1.4		4.3
	Debit: Change in Reserve Assets						890	557	736	2183	836	-38	131	929	100	225	64	389	58	114	282	454		3955
	Credit: Change in Reserve Liabilities						12	80	182	274	-51	16	-18	-53	219	-68	18	169	-15	8	-19	-26		364
		Use of Fund Credits					0	0	129	129	0	-9	-22	-31	214	0	0	214	0	0	-23	-23		289
		Short-term					12	80	53	145	-51	25	4	-22	5	-68	18	-45	-15	8	4	-3		75
	Memo Items:
		Change in Commercial Banks' (KBs)					808	-829	-599	-620	592	157	444	1193	-182	59	186	63	-1121	-121	-1229	-2471		-1835
			Net Foreign Assets (NFA)
		OFW Cash Remittances *					672	475	536	1683	572	632	560	1764	510	446	408	1364	375	388	448	1211		6022
			of which channeled thru the banking system				672	475	536	1683	572	632	560	1764	510	446	408	1364	375	388	448	1211		6022
		Basic Balance					-37	136	-53	46	-570	-243	-506	-1319	-276	80	409	213	314	152	-124	342		-718
		Net Unclassified Items as Percent of total Trade					-12.6	9.7	14.7	4.0	10.7	-3.5	-1.1	1.8	-0.9	-6.1	-6.9	-4.7	13.2	-0.2	20.5	11.4		3.1
	*	For 1999 and 2000, there is no differentiation between total OFW cash remittances and remittances chanelled through the banking system.  This period represents the transition years
		of the revised foreign exchange monitoring report form (FX Form 1).
	r	The National Statistical Coordination Board (NSCB) has adopted the terminology Gross National Income (GNI) in place of Gross National Product (GNP) as one of the features of the revised (based 2000)
		Philippine System of National Accounts (PSNA) for the period 1998-2010 based on the recommendation of the 1993 System of National Accounts. However, quarterly data are still based on the old PSNA (based 1985)
		since revised quarterly data prior to 2008 are not yet available.
	Technical Notes:
	1. Balances in the current and capital and financial accounts excluding reserves are derived by deducting debit entries from credit entries.
	2. Overall BOP position is determined by deducting change in reserve liabilities from change in reserve assets.
	3. Net unclassifed items is an offsetting account to the overstatement or understatement in either receipts or payments of the recorded BOP components vis-à-vis the overall BOP position.
	4. Change in KBs NFA as a BOP entry is derived by deducting foreign assets from foreign liabilities, consistent with the principle described in technical note No. 1. This includes assigned capital of
	foreign banks in local branches that are converted to pesos.
	5. Basic balance represents a BOP position that excludes transactions that are volatile and are in the short run susceptible to being reversed. It is derived using the following formula: Overall BOP
	position less (Net portfolio investments + net short-ter liabilities) less errors and omissions. In the old BOP series,  all transactions in assets and liabilities of commercial banks were deemed to be
	long-term. With the refinements in the new series on the maturity structure of KBs' transactions, short-term financial transactions of KBs are now excluded from the basic balance.
2	GOODS
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	GOODS						-678	-537	-750	-1965	-1050	-636	-660	-2346	-817	-330	266	-881	-20	-153	-612	-785		-5977
		EXPORTS					2520	2425	2643	7588	2291	2680	2806	7777	2801	3132	3637	9570	3411	3007	2890	9308		34243
		IMPORTS					3198	2962	3393	9553	3341	3316	3466	10123	3618	3462	3371	10451	3431	3160	3502	10093		40220
	General Merchandise						-841	-747	-897	-2485	-1187	-805	-799	-2791	-947	-476	39	-1384	-222	-305	-753	-1280		-7940
		General Merchandise Exports, fob					1235	1198	1471	3904	1202	1408	1514	4124	1569	1677	1718	4964	1671	1695	1710	5076		18068
			Exports of goods in trade statistics, fob				2581	2569	2702	7852	2346	2747	2857	7950	2851	3212	3693	9756	3460	3075	2944	9479		35037
			Adjustments				-1346	-1371	-1231	-3948	-1144	-1339	-1343	-3826	-1282	-1535	-1975	-4792	-1789	-1380	-1234	-4403		-16969
					For  Coverage		-61	-144	-59	-264	-55	-67	-51	-173	-50	-80	-56	-186	-49	-68	-54	-171		-794
					For  Classification		-1285	-1227	-1172	-3684	-1089	-1272	-1292	-3653	-1232	-1455	-1919	-4606	-1740	-1312	-1180	-4232		-16175
					For  Valuation		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					For  Timing		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		General Merchandise Imports, fob					2076	1945	2368	6389	2389	2213	2313	6915	2516	2153	1679	6348	1893	2000	2463	6356		26008
			Imports of goods in trade statistics, fob				2400	2257	2656	7313	2599	2533	2671	7803	2792	2661	2555	8008	2613	2352	2653	7618		30742
			Adjustments				-324	-312	-288	-924	-210	-320	-358	-888	-276	-508	-876	-1660	-720	-352	-190	-1262		-4734
					For  Coverage		-62	-163	-124	-349	-94	-99	-89	-282	-68	-108	-69	-245	-42	-56	-50	-148		-1024
					For  Classification		-1122	-1017	-1025	-3164	-952	-1103	-1153	-3208	-1102	-1309	-1692	-4103	-1538	-1160	-1039	-3737		-14212
					For  Valuation		860	868	861	2589	836	882	884	2602	894	909	885	2688	860	864	899	2623		10502
					For  Timing		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
																								0
	Goods for processing:  (On consignment)						110	92	90	292	89	107	95	291	87	112	176	375	160	108	82	350		1308
		Exports					1223	1100	1112	3435	1036	1202	1243	3481	1182	1413	1862	4457	1692	1261	1114	4067		15440
		Imports					1113	1008	1022	3143	947	1095	1148	3190	1095	1301	1686	4082	1532	1153	1032	3717		14132
																								0
		Processing Abroad:					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Processing in the compiling economy					110	92	90	292	89	107	95	291	87	112	176	375	160	108	82	350		1308
			Exports				1223	1100	1112	3435	1036	1202	1243	3481	1182	1413	1862	4457	1692	1261	1114	4067		15440
			Imports				1113	1008	1022	3143	947	1095	1148	3190	1095	1301	1686	4082	1532	1153	1032	3717		14132
																								0
	Repairs on goods:						33	100	35	168	30	42	27	99	25	14	27	66	21	30	33	84		417
		Exports					39	107	37	183	34	48	31	113	31	20	32	83	25	35	37	97		476
		Imports					6	7	2	15	4	6	4	14	6	6	5	17	4	5	4	13		59
	Goods procured in ports by  carriers						3	3	3	9	3	4	3	10	4	4	5	13	5	4	5	14		46
		Exports					3	3	3	9	3	4	3	10	4	4	5	13	5	4	5	14		46
		Imports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Nonmonetary  Gold						17	15	19	51	15	16	14	45	14	16	19	49	16	10	21	47		192
		Exports					20	17	20	57	16	18	15	49	15	18	20	53	18	12	24	54		213
		Imports					3	2	1	6	1	2	1	4	1	2	1	4	2	2	3	7		21
		Held as a store of value  (Gold Bullion)					17	16	16	49	12	16	12	40	12	15	17	44	14	9	9	32		165
			Exports				17	16	16	49	12	16	12	40	12	15	17	44	14	9	9	32		165
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					0	-1	3	2	3	0	2	5	2	1	2	5	2	1	12	15		27
			Exports				3	1	4	8	4	2	3	9	3	3	3	9	4	3	15	22		48
			Imports				3	2	1	6	1	2	1	4	1	2	1	4	2	2	3	7		21
Adjustments to general merchandise exports/imports:
For classification:						a) Exports and imports on consignment are reclassified from general merchandise to goods for processing
						b) Industrial gold and gold bullion are reclassified from general merchandise to non-monetary gold
						c) Repairs on goods cover repair activity on goods provided to or received from non-residents on ships, aircrafts, etc.
3	SERVICES
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	SERVICES						-133	-43	-127	-303	-98	-101	-159	-358	-174	-110	-198	-482	-130	-146	-201	-477		-1620
		EXPORTS					271	306	292	869	255	296	283	834	293	311	254	858	310	285	312	907		3468
		IMPORTS					404	349	419	1172	353	397	442	1192	467	421	452	1340	440	431	513	1384		5088
	Transportation						-128	-119	-143	-390	-139	-138	-159	-436	-150	-132	-137	-419	-142	-143	-174	-459		-1704
		Exports					12	16	13	41	21	22	28	71	33	41	32	106	34	26	29	89		307
		Imports					140	135	156	431	160	160	187	507	183	173	169	525	176	169	203	548		2011
		of which: Passenger					-3	-6	-7	-16	-7	-6	-4	-17	-2	0	-2	-4	-5	-6	-10	-21		-58
			Exports				0	2	2	4	5	4	6	15	10	13	8	31	10	6	8	24		74
			Imports				3	8	9	20	12	10	10	32	12	13	10	35	15	12	18	45		132
		of which: Freight					-118	-112	-130	-360	-128	-125	-130	-383	-136	-129	-123	-388	-127	-116	-129	-372		-1503
			Exports				8	8	8	24	7	8	9	24	9	10	11	30	10	9	9	28		106
			Imports				126	120	138	384	135	133	139	407	145	139	134	418	137	125	138	400		1609
		of which: Other					-7	-1	-6	-14	-4	-7	-25	-36	-12	-3	-12	-27	-10	-21	-35	-66		-143
			Exports				4	6	3	13	9	10	13	32	14	18	13	45	14	11	12	37		127
			Imports				11	7	9	27	13	17	38	68	26	21	25	72	24	32	47	103		270
	Travel						64	127	86	277	82	106	69	257	73	108	37	218	95	81	45	221		973
		Exports					216	249	244	709	194	227	197	618	203	229	169	601	218	207	225	650		2578
		Imports					152	122	158	432	112	121	128	361	130	121	132	383	123	126	180	429		1605
	Communication  services						16	14	12	42	19	1	2	22	2	2	2	6	4	5	4	13		83
		Exports					23	20	16	59	30	3	4	37	5	5	5	15	8	11	9	28		139
		Imports					7	6	4	17	11	2	2	15	3	3	3	9	4	6	5	15		56
	Construction  services						-14	-10	-15	-833	-11	-7	-12	-833	-11	-14	-10	-833	-2	-1	-1	-833		-108
		Exports					1	1	0	-833	3	3	3	-833	8	1	9	-833	13	7	9	-833		58
		Imports					15	11	15	-833	14	10	15	-833	19	15	19	-833	15	8	10	-833		166
	Insurance  services						-10	-9	-11	-30	-11	-10	-11	-32	-12	-11	-10	-33	-11	-10	-11	-32		-127
		Exports					1	1	1	3	1	1	1	3	1	1	1	3	1	1	1	3		12
		Imports					11	10	12	33	12	11	12	35	13	12	11	36	12	11	12	35		139
	Financial  services						0	0	0	0	0	7	7	14	1	5	1	7	5	2	8	15		36
		Exports					0	0	0	0	0	11	11	22	6	8	6	20	8	7	10	25		67
		Imports					0	0	0	0	0	4	4	8	5	3	5	13	3	5	2	10		31
	Computer and Information  services						0	0	-1	-1	-1	-1	1	-1	-12	-9	-6	-27	-5	-3	-8	-16		-45
		Exports					0	0	0	0	0	10	12	22	8	5	6	19	4	6	6	16		57
		Imports					0	0	1	1	1	11	11	23	20	14	12	46	9	9	14	32		102
	Royalties and license fees						-11	-5	-6	-22	-18	-9	-4	-31	-10	-5	-9	-24	-14	-6	-7	-27		-104
		Exports					0	0	0	0	1	1	2	4	1	1	0	2	0	0	0	0		6
		Imports					11	5	6	22	19	10	6	35	11	6	9	26	14	6	7	27		110
	Other business services						-43	-34	-43	-120	-13	-41	-45	-99	-50	-48	-61	-159	-52	-64	-47	-163		-541
		Exports					18	19	18	55	4	15	22	41	25	18	23	66	23	18	22	63		225
		Imports					61	53	61	175	17	56	67	140	75	66	84	225	75	82	69	226		766
		Merchanting and other trade-related services					3	8	5	16	0	7	9	16	9	8	6	23	7	6	8	21		76
			Exports				3	8	5	16	0	7	9	16	9	8	6	23	7	6	8	21		76
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-3	-3	-4	-10	-5	-9	-7	-21	-6	-6	-9	-21	-7	-5	-7	-19		-71
			Exports				0	0	0	0	1	4	5	10	4	0	0	4	0	0	1	1		15
			Imports				3	3	4	10	6	13	12	31	10	6	9	25	7	5	8	20		86
	and technical services	Misc. business, professional					-43	-39	-44	-126	-8	-39	-47	-94	-53	-50	-58	-161	-52	-65	-48	-165		-546
			and technical services
			Exports				15	11	13	39	3	4	8	15	12	10	17	39	16	12	13	41		134
			Imports				58	50	57	165	11	43	55	109	65	60	75	200	68	77	61	206		680
	Personal, cultural and recreational services						-1	-1	0	-2	0	-2	0	-2	1	0	1	2	-2	-1	-3	-6		-8
		Exports					0	0	0	0	1	3	3	7	3	2	3	8	1	2	1	4		19
		Imports					1	1	0	2	1	5	3	9	2	2	2	6	3	3	4	10		27
		Audio-Visual and related services					-1	-1	0	-2	0	0	0	0	1	1	1	3	-1	-1	-2	-4		-3
			Exports				0	0	0	0	1	2	2	5	2	2	2	6	1	1	1	3		14
			Imports				1	1	0	2	1	2	2	5	1	1	1	3	2	2	3	7		17
		Other personal, cultural and					0	0	0	0	0	-2	0	-2	0	-1	0	-1	-1	0	-1	-2		-5
			recreational services																					0
			Exports				0	0	0	0	0	1	1	2	1	0	1	2	0	1	0	1		5
			Imports				0	0	0	0	0	3	1	4	1	1	1	3	1	1	1	3		10
	Government services, n.i.e.						-6	-6	-6	-18	-6	-7	-7	-20	-6	-6	-6	-18	-6	-6	-7	-19		-75
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				6	6	6	18	6	7	7	20	6	6	6	18	6	6	7	19		75
4	INCOME
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	INCOME						-76	-69	-81	-226	-42	-68	-49	-159	-44	-41	-216	-301	-155	-178	-43	-376		-1062
		RECEIPTS					209	188	205	602	197	268	247	712	241	275	218	734	222	203	250	675		2723
		PAYMENTS					285	257	286	828	239	336	296	871	285	316	434	1035	377	381	293	1051		3785
	Compensation of emp. incl. border,						112	84	89	285	110	141	132	383	144	138	129	411	125	126	151	402		1481
		seasonal, and other workers
		Receipts					112	84	89	285	110	141	132	383	144	138	129	411	125	126	151	402		1481
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-188	-153	-170	-511	-152	-209	-181	-542	-188	-179	-345	-712	-280	-304	-194	-778		-2543
		Receipts					97	104	116	317	87	127	115	329	97	137	89	323	97	77	99	273		1242
		Payments					285	257	286	828	239	336	296	871	285	316	434	1035	377	381	293	1051		3785
		Direct Investment Income					-48	-44	-34	-126	0	-48	-53	-101	-46	-87	-209	-342	-85	-118	-29	-232		-801
			Receipts				0	1	0	1	4	12	5	21	1	3	2	6	2	0	5	7		35
			Payments				48	45	34	127	4	60	58	122	47	90	211	348	87	118	34	239		836
			Income on Equity				-40	-44	-19	-103	0	-48	-46	-94	-46	-87	-204	-337	-85	-118	-24	-227		-761
				Receipts			0	1	0	1	4	12	5	21	1	3	2	6	2	0	5	7		35
				Payments			40	45	19	104	4	60	51	115	47	90	206	343	87	118	29	234		796
				Dividends and distributed			-23	-11	-20	-54	-20	-26	-30	-76	-43	-39	-28	-110	-11	-25	-36	-72		-312
					branch profits																			0
					Receipts		0	1	0	1	4	12	5	21	1	3	2	6	2	0	5	7		35
					Payments		23	12	20	55	24	38	35	97	44	42	30	116	13	25	41	79		347
				Reinvested earnings and			-17	-33	1	-49	20	-22	-16	-18	-3	-48	-176	-227	-74	-93	12	-155		-449
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		17	33	-1	49	-20	22	16	18	3	48	176	227	74	93	-12	155		449
			Income on debt (interest)				-8	0	-15	-23	0	0	-7	-7	0	0	-5	-5	0	0	-5	-5		-40
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			8	0	15	23	0	0	7	7	0	0	5	5	0	0	5	5		40
		Portfolio  Investment Income					-47	14	-17	-50	-75	-81	-57	-213	-55	7	-31	-79	-127	-136	-85	-348		-690
			Receipts				27	41	44	112	23	55	38	116	21	60	17	98	33	21	36	90		416
			Payments				74	27	61	162	98	136	95	329	76	53	48	177	160	157	121	438		1106
			Income on Equity (dividends)				2	2	2	6	-8	-7	-1	-16	-8	-3	-1	-12	0	0	0	0		-22
				Receipts			5	5	5	15	0	0	0	0	0	1	0	1	0	0	0	0		16
				Payments			3	3	3	9	8	7	1	16	8	4	1	13	0	0	0	0		38
				Monetary authorities			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
																								0
				General government			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Banks			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Other sectors			2	2	2	6	-8	-7	-1	-16	-8	-3	-1	-12	0	0	0	0		-22
					Receipts		5	5	5	15	0	0	0	0	0	1	0	1	0	0	0	0		16
					Payments		3	3	3	9	8	7	1	16	8	4	1	13	0	0	0	0		38
			Income on debt (interest)				-49	12	-19	-56	-67	-74	-56	-197	-47	10	-30	-67	-127	-136	-85	-348		-668
				Receipts			22	36	39	97	23	55	38	116	21	59	17	97	33	21	36	90		400
				Payments			71	24	58	153	90	129	94	313	68	49	47	164	160	157	121	438		1068
				Bonds and notes			-28	21	4	-3	-66	-75	-56	-197	-46	11	-31	-66	-127	-137	-84	-348		-614
					Receipts		22	36	39	97	23	54	38	115	21	59	16	96	32	19	36	87		395
					Payments		50	15	35	100	89	129	94	312	67	48	47	162	159	156	120	435		1009
					Monetary authorities		13	29	33	75	14	44	1	59	11	31	7	49	-10	1	6	-3		180
						Receipts	13	29	33	75	14	44	23	81	11	47	7	65	17	1	27	45		266
						Payments	0	0	0	0	0	0	22	22	0	16	0	16	27	0	21	48		86
					General government		-25	-8	0	-33	-79	-62	-2	-143	-55	-8	-15	-78	-116	-94	-30	-240		-494
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	25	8	0	33	79	62	2	143	55	8	15	78	116	94	30	240		494
					Banks		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Other sectors		-16	0	-29	-45	-1	-57	-55	-113	-2	-12	-23	-37	-1	-44	-60	-105		-300
					Receipts	Receipts	9	7	6	22	9	10	15	34	10	12	9	31	15	18	9	42		129
					Payments	Payments	25	7	35	67	10	67	70	147	12	24	32	68	16	62	69	147		429
				Money market instruments			-21	-9	-23	-53	-1	1	0	0	-1	-1	1	-1	0	1	-1	0		-54
				Receipts	Receipts		0	0	0	0	0	1	0	1	0	0	1	1	1	2	0	3		5
				Payments	Payments		21	9	23	53	1	0	0	1	1	1	0	2	1	1	1	3		59
				Monetary authorities	Monetary authorities		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Receipts		Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				General government	General government		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Receipts		Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Banks	Banks		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Receipts		Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Other sectors		-21	-9	-23	-53	-1	1	0	0	-1	-1	1	-1	0	1	-1	0		-54
				Receipts		Receipts	0	0	0	0	0	1	0	1	0	0	1	1	1	2	0	3		5
				Payments		Payments	21	9	23	53	1	0	0	1	1	1	0	2	1	1	1	3		59
		Other investment Income					-93	-123	-119	-335	-77	-80	-71	-228	-87	-99	-105	-291	-68	-50	-80	-198		-1052
			Receipts				70	62	72	204	60	60	72	192	75	74	70	219	62	56	58	176		791
			Payments				163	185	191	539	137	140	143	420	162	173	175	510	130	106	138	374		1843
			Monetary authorities				9	-7	17	19	-18	-3	24	3	15	6	23	44	15	21	26	62		128
				Receipts			20	21	24	65	24	26	26	76	27	31	28	86	28	30	28	86		313
				Payments			11	28	7	46	42	29	2	73	12	25	5	42	13	9	2	24		185
			General government				-71	-71	-83	-225	-35	-58	-61	-154	-61	-98	-82	-241	-63	-55	-65	-183		-803
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			71	71	83	225	35	58	61	154	61	98	82	241	63	55	65	183		803
			Banks				19	-28	2	-7	-6	10	7	11	11	18	-19	10	3	12	-4	11		25
				Receipts			50	41	48	139	25	30	41	96	42	43	35	120	34	26	29	89		444
				Payments			31	69	46	146	31	20	34	85	31	25	54	110	31	14	33	78		419
			Other sectors				-50	-17	-55	-122	-18	-29	-41	-88	-52	-25	-27	-104	-23	-28	-37	-88		-402
				Receipts			0	0	0	0	11	4	5	20	6	0	7	13	0	0	1	1		34
				Payments			50	17	55	122	29	33	46	108	58	25	34	117	23	28	38	89		436
5	CURRENT TRANSFERS
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	CURRENT TRANSFERS						667	468	526	1661	578	606	541	1725	475	424	379	1278	351	358	411	1120		5784
		RECEIPTS					680	481	541	1702	591	621	556	1768	492	440	396	1328	366	375	430	1171		5969
		PAYMENTS					13	13	15	41	13	15	15	43	17	16	17	50	15	17	19	51		185
		General government					30	36	39	105	34	33	35	102	34	43	38	115	37	33	41	111		433
			Receipts				35	41	43	119	39	38	40	117	40	48	44	132	43	38	46	127		495
			Payments				5	5	4	14	5	5	5	15	6	5	6	17	6	5	5	16		62
		Other sectors					637	432	487	1556	544	573	506	1623	441	381	341	1163	314	325	370	1009		5351
			Receipts				645	440	498	1583	552	583	516	1651	452	392	352	1196	323	337	384	1044		5474
			Payments				8	8	11	27	8	10	10	28	11	11	11	33	9	12	14	35		123
			Workers' remittances				625	439	498	1562	520	558	488	1566	426	363	330	1119	298	312	355	965		5212
				Receipts			625	439	498	1562	520	558	488	1566	426	363	330	1119	298	312	355	965		5212
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				12	-7	-11	-6	24	15	18	57	15	18	11	44	16	13	15	44		139
				Receipts			20	1	0		32	25	28		26	29	22		25	25	29			262
				Payments			8	8	11		8	10	10		11	11	11		9	12	14			123
6	CAPITAL ACCOUNT
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	CAPITAL ACCOUNT						15	14	15	44	18	-4	7	21	7	19	10	36	21	17	24	62		163
		RECEIPTS					17	17	17	51	26	22	20	68	20	23	24	67	25	28	31	84		270
		PAYMENTS					2	3	2	7	8	26	13	47	13	4	14	31	4	11	7	22		107
		Capital transfers					15	14	15	44	18	-3	7	22	7	19	10	36	21	17	24	62		164
			Receipts				17	17	17	51	26	22	20	68	20	23	24	67	25	28	31	84		270
			Payments				2	3	2	7	8	25	13	46	13	4	14	31	4	11	7	22		106
			General government				17	17	17	51	17	17	17	51	19	20	20	59	20	20	20	60		221
				Receipts			17	17	17	51	17	17	17	51	19	20	20	59	20	20	20	60		221
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Debt  forgiveness			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Other			17	17	17	51	17	17	17	51	19	20	20	59	20	20	20	60		221
					Receipts		17	17	17	51	17	17	17	51	19	20	20	59	20	20	20	60		221
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				-2	-3	-2	-7	1	-20	-10	-29	-12	-1	-10	-23	1	-3	4	2		-57
				Receipts			0	0	0	0	9	5	3	17	1	3	4	8	5	8	11	24		49
				Payments			2	3	2	7	8	25	13	46	13	4	14	31	4	11	7	22		106
				Migrants transfers			-2	-3	-2	-7	5	1	0	6	-1	0	-2	-3	0	2	1	3		-1
					Receipts		0	0	0	0	5	1	2	8	1	3	3	7	2	3	4	9		24
					Payments		2	3	2	7	0	0	2	2	2	3	5	10	2	1	3	6		25
				Debt  forgiveness			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Other			0	0	0	0	-4	-21	-10	-35	-11	-1	-8	-20	1	-5	3	-1		-56
					Receipts		0	0	0	0	4	4	1	9	0	0	1	1	3	5	7	15		25
					Payments		0	0	0	0	8	25	11	44	11	1	9	21	2	10	4	16		81
		Acquisition/disposal of nonproduced,					0	0	0	0	0	-1	0	-1	0	0	0	0	0	0	0	0		-1
			nonfinancial assets
			Receipts				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Payments				0	0	0	0	0	1	0	1	0	0	0	0	0	0	0	0		1
7	DIRECT INVESTMENT
	in million U.S. dollars
							1999																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		1999
	DIRECT INVESTMENT						72	180	-53	199	-17	17	-31	-31	24	82	182	288	37	379	242	658		1114
		ASSETS :  Residents' Investments Abroad					4	29	3	36	10	24	3	37	10	-6	10	14	19	12	15	46		133
		Equity  capital					4	29	3	36	10	24	3	37	10	-6	10	14	19	12	15	46		133
			Claims on affiliated enterprises				4	29	3	36	10	24	3	37	10	-6	10	14	19	12	15	46		133
				Placements			4	29	3	36	10	24	3	37	10	0	10	20	19	19	20	58		151
				Withdrawals			0	0	0	0	0	0	0	0	0	6	0	6	0	7	5	12		18
			Liabilities to affiliated enterprises				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Reinvested earnings					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Other Capital					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Claims on affiliated enterprises				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities to affiliated enterprises				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		LIABILITIES : Non-residents' Investments					76	209	-50	235	-7	41	-28	6	34	76	192	302	56	391	257	704		1247
			in the Philippines
		Equity  capital					119	224	61	404	53	68	77	198	67	79	80	226	34	29	287	350		1178
			Claims on direct investors				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities to direct investors				119	224	61	404	53	68	77	198	67	79	80	226	34	29	287	350		1178
				Placements			119	224	61	404	55	77	78	210	70	79	80	229	35	29	398	462		1305
				Withdrawals			0	0	0	0	2	9	1	12	3	0	0	3	1	0	111	112		127
		Reinvested earnings					17	33	-1	49	-20	22	16	18	3	48	176	227	74	93	-12	155		449
			Claims				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities				17	33	-1	49	-20	22	16	18	3	48	176	227	74	93	-12	155		449
		Other Capital					-60	-48	-110	-218	-40	-49	-121	-210	-36	-51	-64	-151	-52	269	-18	199		-380
			Claims on direct investors				45	46	50	141	46	49	50	145	46	48	51	145	52	48	51	151		582
			Liabilities to direct investors				-15	-2	-60	-77	6	0	-71	-65	10	-3	-13	-6	0	317	33	350		202
	Note:    Balance is derived by deducting assets from liabilities.
8	PORTFOLIO INVESTMENT