1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	CURRENT ACCOUNT						223	-275	-345	-397	-819	-274	-236	-1329	-376	-171	-243	-790	272	307	187	766		-1750
	(Totals as percent of GNI) r									-2.2				-7.1				-4.3				3.7		-1.9
	(Totals as percent of GDP) r									-2.4				-7.7				-4.6				3.9		-2.3
	Goods  and  Services						-727	-259	-804	-1790	-1431	-950	-916	-3297	-1017	-898	-664	-2579	-322	-223	-342	-887		-8553
		(Totals as percent of GNI) r								-10.0				-17.7				-13.9				-4.3		-9.5
		(Totals as percent of GDP) r								-10.6				-19.1				-14.9				-4.5		-11.2
		Export					3166	3014	3085	9265	2501	2791	2765	8057	2783	2810	2875	8468	3047	2739	2809	8595		34385
		Import					3893	3273	3889	11055	3932	3741	3681	11354	3800	3708	3539	11047	3369	2962	3151	9482		42938
		Goods					-569	-101	-609	-1279	-1299	-760	-735	-2794	-747	-709	-465	-1921	-69	-21	-181	-271		-6265
		(Totals as percent of GNI) r								-7.1				-15.0				-10.4				-1.3		-7.0
		(Totals as percent of GDP) r								-7.6				-16.2				-11.1				-1.4		-8.2
			Credit: Exports				2827	2745	2793	8365	2174	2509	2504	7187	2538	2568	2660	7766	2849	2567	2579	7995		31313
			Debit:   Imports				3396	2846	3402	9644	3473	3269	3239	9981	3285	3277	3125	9687	2918	2588	2760	8266		37578
		Services					-158	-158	-195	-511	-132	-190	-181	-503	-270	-189	-199	-658	-253	-202	-161	-616		-2288
			Credit: Exports				339	269	292	900	327	282	261	870	245	242	215	702	198	172	230	600		3072
			Debit:   Imports				497	427	487	1411	459	472	442	1373	515	431	414	1360	451	374	391	1216		5360
	Income						422	-524	-90	-192	48	62	115	225	53	152	-144	61	-26	-1	-124	-151		-57
		Credit:   Receipts					301	247	263	811	294	316	306	916	326	334	247	907	314	309	296	919		3553
		Debit:     Payments					-121	771	353	1003	246	254	191	691	273	182	391	846	340	310	420	1070		3610
	Current  Transfers						528	508	549	1585	564	614	565	1743	588	575	565	1728	620	531	653	1804		6860
		Credit:   Receipts					552	534	578	1664	587	632	582	1801	607	595	584	1786	643	553	672	1868		7119
		Debit:     Payments					24	26	29	79	23	18	17	58	19	20	19	58	23	22	19	64		259
	CAPITAL  AND  FINANCIAL  ACCOUNT						-465	-1182	1229	-418	-518	154	199	-165	-538	-178	695	-21	380	1345	-210	1515		911
	Capital  Account						3	3	4	10	7	7	6	20	5	3	6	14	4	7	7	18		62
		Credit:    Receipts					7	6	6	19	8	8	7	23	6	6	8	20	8	8	8	24		86
		Debit:      Payments					4	3	2	9	1	1	1	3	1	3	2	6	4	1	1	6		24
	Financial  Account						-468	-1185	1225	-428	-525	147	193	-185	-543	-181	689	-35	376	1338	-217	1497		849
		Direct Investment					-401	215	167	-19	2	132	-9	125	-371	20	126	-225	65	154	235	454		335
			Debit: Assets, Residents'  Investments Abroad				1	6	2	9	15	-22	-158	-165	-2	-5	17	10	-7	0	13	6		-140
			Credit: Liabilities, Non-Residents'				-400	221	169	-10	17	110	-167	-40	-373	15	143	-215	58	154	248	460		195
				Investments in the Phil.
		Portfolio Investment					-3	-511	283	-231	-496	-155	661	10	65	-174	421	312	-6	798	144	936		1027
			Debit: Assets, Residents'  Investments Abroad				-40	74	106	140	119	73	6	198	-43	157	-297	-183	-12	-568	482	-98		57
			Credit: Liabilities, Non-Residents'				-43	-437	389	-91	-377	-82	667	208	22	-17	124	129	-18	230	626	838		1084
				Investments in the Phil.
		Financial Derivatives					1	-4	-2	-5	3	-4	2	1	2	-8	0	-6	1	-6	0	-5		-15
			Debit: Assets, Residents'  Investments Abroad				-11	-7	-8	-26	-11	-6	-8	-25	-8	-4	-6	-18	-5	-3	-6	-14		-83
			Credit: Liabilities, Non-Residents'				-10	-11	-10	-31	-8	-10	-6	-24	-6	-12	-6	-24	-4	-9	-6	-19		-98
				Investments in the Phil.
		Other Investment					-65	-885	777	-173	-34	174	-461	-321	-239	-19	142	-116	316	392	-596	112		-498
			Debit: Assets, Residents'  Investments Abroad				-650	478	-297	-469	-238	323	106	191	-541	111	57	-373	-715	206	399	-110		-761
			Credit: Liabilities, Non-Residents'				-715	-407	480	-642	-272	497	-355	-130	-780	92	199	-489	-399	598	-197	2		-1259
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-378	990	-308	304	1092	77	229	1398	606	132	-634	104	-864	-1206	901	-1169		637
	OVERALL BOP POSITION						-620	-467	576	-511	-245	-43	192	-96	-308	-217	-182	-707	-212	446	878	1112		-202
	(Totals as percent of GNI) r									-2.8				-0.5				-3.8				5.3		-0.2
	(Totals as percent of GDP) r									-3.0				-0.6				-4.1				5.6		-0.3
	Debit: Change in Reserve Assets						-611	-234	596	-249	-269	-47	142	-174	-253	-206	144	-315	-112	451	870	1209		471
	Credit: Change in Reserve Liabilities						9	233	20	262	-24	-4	-50	-78	55	11	326	392	100	5	-8	97		673
		Use of Fund Credits					0	0	0	0	0	0	-4	-4	0	0	0	0	0	0	-4	-4		-8
		Short-term					9	233	20	262	-24	-4	-46	-74	55	11	326	392	100	5	-4	101		681
	Memo Items:
		Change in Commercial Banks' (KBs)					-429	-323	279	-473	-73	46	-294	-321	148	-43	172	277	319	1094	-1233	180		-337
			Net Foreign Assets (NFA)
		OFW Cash Remittances					584	554	596	1734	653	688	627	1968	671	669	625	1965	706	613	735	2054		7721
			of which channeled thru the banking system				456	433	465	1354	510	538	490	1538	524	522	488	1534	552	479	574	1605		6031
		Basic Balance					-518	114	-46	-450	-809	35	-449	-1223	-989	-148	-111	-1248	423	284	622	1329		-1592
		Net Unclassified Items as Percent of total Trade					-6.1	17.7	-5.0	1.7	19.3	1.3	4.0	8.1	10.4	2.3	-11.0	0.6	-15.0	-23.4	16.9	-7.2		0.9
	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
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	GOODS						-569	-101	-609	-1279	-1299	-760	-735	-2794	-747	-709	-465	-1921	-69	-21	-181	-271		-6265
		EXPORTS					2827	2745	2793	8365	2174	2509	2504	7187	2538	2568	2660	7766	2849	2567	2579	7995		31313
		IMPORTS					3396	2846	3402	9644	3473	3269	3239	9981	3285	3277	3125	9687	2918	2588	2760	8266		37578
	General Merchandise						-753	-279	-793	-1825	-1431	-905	-876	-3212	-899	-866	-646	-2411	-260	-186	-325	-771		-8219
		General Merchandise Exports, fob					1643	1617	1725	4985	1395	1650	1531	4576	1682	1640	1578	4900	1737	1565	1576	4878		19339
			Exports of goods in trade statistics, fob				2889	2805	2870	8564	2246	2600	2578	7424	2594	2621	2731	7946	2941	2630	2645	8216		32150
			Adjustments				-1246	-1188	-1145	-3579	-851	-950	-1047	-2848	-912	-981	-1153	-3046	-1204	-1065	-1069	-3338		-12811
					For  Coverage		-62	-60	-77	-199	-72	-91	-74	-237	-56	-53	-71	-180	-92	-63	-66	-221		-837
					For  Classification		-1184	-1128	-1068	-3380	-779	-859	-973	-2611	-856	-928	-1082	-2866	-1112	-1002	-1003	-3117		-11974
					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					2396	1896	2518	6810	2826	2555	2407	7788	2581	2506	2224	7311	1997	1751	1901	5649		27558
			Imports of goods in trade statistics, fob				3031	2482	3037	8550	3105	2940	2857	8902	2873	2893	2752	8518	2541	2217	2329	7087		33057
			Adjustments				-635	-586	-519	-1740	-279	-385	-450	-1114	-292	-387	-528	-1207	-544	-466	-428	-1438		-5499
					For  Coverage		-56	-49	-45	-150	-33	-72	-31	-136	-26	-34	-37	-97	-35	-17	1	-51		-434
					For  Classification		-1000	-950	-884	-2834	-647	-714	-832	-2193	-704	-771	-901	-2376	-921	-837	-859	-2617		-10020
					For  Valuation		421	413	410	1244	401	401	413	1215	438	418	410	1266	412	388	430	1230		4955
					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)						177	168	162	507	122	134	150	406	142	146	165	453	167	150	154	471		1837
		Exports					1176	1118	1046	3340	769	848	956	2573	846	916	1066	2828	1087	986	987	3060		11801
		Imports					999	950	884	2833	647	714	806	2167	704	770	901	2375	920	836	833	2589		9964
																								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					177	168	162	507	122	134	150	406	142	146	165	453	167	150	154	471		1837
			Exports				1176	1118	1046	3340	769	848	956	2573	846	916	1066	2828	1087	986	987	3060		11801
			Imports				999	950	884	2833	647	714	806	2167	704	770	901	2375	920	836	833	2589		9964
																								0
	Repairs on goods:						0	0	10	10	0	0	-15	-15	0	0	9	9	0	0	-16	-16		-12
		Exports					0	0	10	10	0	0	10	10	0	0	9	9	0	0	9	9		38
		Imports					0	0	0	0	0	0	25	25	0	0	0	0	0	0	25	25		50
	Goods procured in ports by  carriers						4	3	5	12	4	4	3	11	3	3	3	9	3	3	3	9		41
		Exports					4	3	5	12	4	4	3	11	3	3	3	9	3	3	3	9		41
		Imports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Nonmonetary  Gold						3	7	7	17	6	7	3	16	7	8	4	19	21	12	3	36		88
		Exports					4	7	7	18	6	7	4	17	7	9	4	20	22	13	4	39		94
		Imports					1	0	0	1	0	0	1	1	0	1	0	1	1	1	1	3		6
		Held as a store of value  (Gold Bullion)					4	4	3	11	3	3	3	9	4	4	4	12	17	9	4	30		62
			Exports				4	4	3	11	3	3	3	9	4	4	4	12	17	9	4	30		62
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					-1	3	4	6	3	4	0	7	3	4	0	7	4	3	-1	6		26
			Exports				0	3	4	7	3	4	1	8	3	5	0	8	5	4	0	9		32
			Imports				1	0	0	1	0	0	1	1	0	1	0	1	1	1	1	3		6
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
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	SERVICES						-158	-158	-195	-511	-132	-190	-181	-503	-270	-189	-199	-658	-253	-202	-161	-616		-2288
		EXPORTS					339	269	292	900	327	282	261	870	245	242	215	702	198	172	230	600		3072
		IMPORTS					497	427	487	1411	459	472	442	1373	515	431	414	1360	451	374	391	1216		5360
	Transportation						-121	-111	-134	-366	-138	-121	-107	-366	-108	-126	-141	-375	-130	-97	-95	-322		-1429
		Exports					52	47	39	138	62	62	66	190	58	44	35	137	50	34	41	125		590
		Imports					173	158	173	504	200	183	173	556	166	170	176	512	180	131	136	447		2019
		of which: Passenger					11	1	3	15	5	7	19	31	13	2	-9	6	-1	3	8	10		62
			Exports				21	15	16	52	37	34	37	108	28	16	9	53	20	14	22	56		269
			Imports				10	14	13	37	32	27	18	77	15	14	18	47	21	11	14	46		207
		of which: Freight					-127	-104	-128	-359	-133	-124	-121	-378	-121	-122	-116	-359	-105	-92	-97	-294		-1390
			Exports				9	8	9	26	7	8	8	23	8	8	8	24	9	8	8	25		98
			Imports				136	112	137	385	140	132	129	401	129	130	124	383	114	100	105	319		1488
		of which: Other					-5	-8	-9	-22	-10	-4	-5	-19	0	-6	-16	-22	-24	-8	-6	-38		-101
			Exports				22	24	14	60	18	20	21	59	22	20	18	60	21	12	11	44		223
			Imports				27	32	23	82	28	24	26	78	22	26	34	82	45	20	17	82		324
	Travel						49	21	38	108	58	8	-8	58	-86	16	-3	-73	-47	-17	2	-62		31
		Exports					216	163	173	552	184	157	132	473	138	151	107	396	91	99	131	321		1742
		Imports					167	142	135	444	126	149	140	415	224	135	110	469	138	116	129	383		1711
	Communication  services						19	18	43	80	32	13	30	75	8	14	31	53	20	2	26	48		256
		Exports					23	20	46	89	39	19	34	92	14	18	47	79	24	14	30	68		328
		Imports					4	2	3	9	7	6	4	17	6	4	16	26	4	12	4	20		72
	Construction  services						1	-11	-39	-833	-12	-7	-24	-833	-19	-23	-20	-833	-36	-19	-26	-833		-235
		Exports					12	5	6	-833	11	7	3	-833	9	2	3	-833	3	2	1	-833		64
		Imports					11	16	45	-833	23	14	27	-833	28	25	23	-833	39	21	27	-833		299
	Insurance  services						-13	-10	-13	-36	-13	-12	-12	-37	-12	-12	-11	-35	-10	-9	-9	-28		-136
		Exports					1	1	1	3	1	1	1	3	1	1	1	3	1	1	1	3		12
		Imports					14	11	14	39	14	13	13	40	13	13	12	38	11	10	10	31		148
	Financial  services						-2	5	-12	-9	-2	-1	-3	-6	1	2	0	3	0	-5	1	-4		-16
		Exports					3	9	4	16	3	2	3	8	4	4	3	11	2	1	2	5		40
		Imports					5	4	16	25	5	3	6	14	3	2	3	8	2	6	1	9		56
	Computer and Information  services						-7	-7	-8	-22	-4	-7	-6	-17	-6	-6	-3	-15	-6	-4	0	-10		-64
		Exports					2	1	1	4	1	1	2	4	3	2	2	7	2	2	3	7		22
		Imports					9	8	9	26	5	8	8	21	9	8	5	22	8	6	3	17		86
	Royalties and license fees						-19	-12	-17	-48	-6	-28	-7	-41	-8	-16	-9	-33	-10	-14	-12	-36		-158
		Exports					0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	1		1
		Imports					19	12	17	48	6	28	7	41	8	16	9	33	10	15	12	37		159
	Other business services						-59	-41	-46	-146	-37	-28	-36	-101	-33	-31	-36	-100	-29	-34	-43	-106		-453
		Exports					25	21	21	67	25	33	18	76	18	19	17	54	24	17	20	61		258
		Imports					84	62	67	213	62	61	54	177	51	50	53	154	53	51	63	167		711
		Merchanting and other trade-related services					2	3	1	6	1	2	1	4	1	2	2	5	3	3	3	9		24
			Exports				2	3	1	6	1	2	1	4	1	2	2	5	3	3	3	9		24
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-18	-7	-9	-34	-4	-6	-5	-15	-4	-4	-9	-17	-2	-7	-10	-19		-85
			Exports				1	0	1	2	3	1	0	4	0	1	0	1	3	0	0	3		10
			Imports				19	7	10	36	7	7	5	19	4	5	9	18	5	7	10	22		95
	and technical services	Misc. business, professional					-43	-37	-38	-118	-34	-24	-32	-90	-30	-29	-29	-88	-30	-30	-36	-96		-392
			and technical services
			Exports				22	18	19	59	21	30	17	68	17	16	15	48	18	14	17	49		224
			Imports				65	55	57	177	55	54	49	158	47	45	44	136	48	44	53	145		616
	Personal, cultural and recreational services						-1	-5	-2	-8	-5	-2	-3	-10	-2	-1	-1	-4	0	0	0	0		-22
		Exports					5	2	1	8	1	0	2	3	0	1	0	1	1	1	1	3		15
		Imports					6	7	3	16	6	2	5	13	2	2	1	5	1	1	1	3		37
		Audio-Visual and related services					-2	-1	-1	-4	-1	-1	-2	-4	-1	0	-1	-2	0	0	0	0		-10
			Exports				1	1	0	2	0	0	0	0	0	1	0	1	1	1	1	3		6
			Imports				3	2	1	6	1	1	2	4	1	1	1	3	1	1	1	3		16
		Other personal, cultural and					1	-4	-1	-4	-4	-1	-1	-6	-1	-1	0	-2	0	0	0	0		-12
			recreational services																					0
			Exports				4	1	1	6	1	0	2	3	0	0	0	0	0	0	0	0		9
			Imports				3	5	2	10	5	1	3	9	1	1	0	2	0	0	0	0		21
	Government services, n.i.e.						-5	-5	-5	-15	-5	-5	-5	-15	-5	-6	-6	-17	-5	-5	-5	-15		-62
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				5	5	5	15	5	5	5	15	5	6	6	17	5	5	5	15		62
4	INCOME
	in million U.S. dollars
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	INCOME						422	-524	-90	-192	48	62	115	225	53	152	-144	61	-26	-1	-124	-151		-57
		RECEIPTS					301	247	263	811	294	316	306	916	326	334	247	907	314	309	296	919		3553
		PAYMENTS					-121	771	353	1003	246	254	191	691	273	182	391	846	340	310	420	1070		3610
	Compensation of emp. incl. border,						178	158	168	504	214	210	199	623	222	227	195	644	222	210	229	661		2432
		seasonal, and other workers
		Receipts					178	158	168	504	214	210	199	623	222	227	195	644	222	210	229	661		2432
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						244	-682	-258	-696	-166	-148	-84	-398	-169	-75	-339	-583	-248	-211	-353	-812		-2489
		Receipts					123	89	95	307	80	106	107	293	104	107	52	263	92	99	67	258		1121
		Payments					-121	771	353	1003	246	254	191	691	273	182	391	846	340	310	420	1070		3610
		Direct Investment Income					425	-553	-50	-178	32	-46	32	18	-6	-8	-115	-129	-112	-82	-187	-381		-670
			Receipts				1	0	0	1	0	0	0	0	0	0	0	0	1	9	2	12		13
			Payments				-424	553	50	179	-32	46	-32	-18	6	8	115	129	113	91	189	393		683
			Income on Equity				432	-546	-41	-155	41	-37	40	44	0	0	-108	-108	-106	-78	-185	-369		-588
				Receipts			1	0	0	1	0	0	0	0	0	0	0	0	0	7	2	9		10
				Payments			-431	546	41	156	-41	37	-40	-44	0	0	108	108	106	85	187	378		598
				Dividends and distributed			-42	-77	-55	-174	-66	-81	-38	-185	-73	-41	-119	-233	-65	-42	-147	-254		-846
					branch profits																			0
					Receipts		1	0	0	1	0	0	0	0	0	0	0	0	0	7	2	9		10
					Payments		43	77	55	175	66	81	38	185	73	41	119	233	65	49	149	263		856
				Reinvested earnings and			474	-469	14	19	107	44	78	229	73	41	11	125	-41	-36	-38	-115		258
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		-474	469	-14	-19	-107	-44	-78	-229	-73	-41	-11	-125	41	36	38	115		-258
			Income on debt (interest)				-7	-7	-9	-23	-9	-9	-8	-26	-6	-8	-7	-21	-6	-4	-2	-12		-82
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	1	2	0	3		3
				Payments			7	7	9	23	9	9	8	26	6	8	7	21	7	6	2	15		85
		Portfolio  Investment Income					-29	-25	-86	-140	-106	-18	-26	-150	-11	20	-112	-103	-48	-30	-49	-127		-520
			Receipts				63	37	43	143	33	65	68	166	65	71	21	157	61	65	42	168		634
			Payments				92	62	129	283	139	83	94	316	76	51	133	260	109	95	91	295		1154
			Income on Equity (dividends)				-9	1	0	-8	-7	-1	1	-7	1	-4	0	-3	-5	0	0	-5		-23
				Receipts			0	1	1	2	1	0	1	2	1	1	0	2	0	0	0	0		6
				Payments			9	0	1	10	8	1	0	9	0	5	0	5	5	0	0	5		29
				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			-9	1	0	-8	-7	-1	1	-7	1	-4	0	-3	-5	0	0	-5		-23
					Receipts		0	1	1	2	1	0	1	2	1	1	0	2	0	0	0	0		6
					Payments		9	0	1	10	8	1	0	9	0	5	0	5	5	0	0	5		29
			Income on debt (interest)				-20	-26	-86	-132	-99	-17	-27	-143	-12	24	-112	-100	-43	-30	-49	-122		-497
				Receipts			63	36	42	141	32	65	67	164	64	70	21	155	61	65	42	168		628
				Payments			83	62	128	273	131	82	94	307	76	46	133	255	104	95	91	290		1125
				Bonds and notes			-22	-30	-80	-132	-102	-19	-27	-148	-15	22	-116	-109	-46	-34	-60	-140		-529
					Receipts		60	32	40	132	29	63	66	158	59	68	17	144	58	61	31	150		584
					Payments		82	62	120	264	131	82	93	306	74	46	133	253	104	95	91	290		1113
					Monetary authorities		48	-24	28	52	-2	53	27	78	46	34	5	85	36	55	-2	89		304
						Receipts	48	5	28	81	19	53	48	120	46	47	5	98	43	55	20	118		417
						Payments	0	29	0	29	21	0	21	42	0	13	0	13	7	0	22	29		113
					General government		-43	-2	-55	-100	-84	-29	-10	-123	-42	-4	-76	-122	-88	-28	-14	-130		-475
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	43	2	55	100	84	29	10	123	42	4	76	122	88	28	14	130		475
					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		-27	-4	-53	-84	-16	-43	-44	-103	-19	-8	-45	-72	6	-61	-44	-99		-358
					Receipts	Receipts	12	27	12	51	10	10	18	38	13	21	12	46	15	6	11	32		167
					Payments	Payments	39	31	65	135	26	53	62	141	32	29	57	118	9	67	55	131		525
				Money market instruments			2	4	-6	0	3	2	0	5	3	2	4	9	3	4	11	18		32
				Receipts	Receipts		3	4	2	9	3	2	1	6	5	2	4	11	3	4	11	18		44
				Payments	Payments		1	0	8	9	0	0	1	1	2	0	0	2	0	0	0	0		12
				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		2	4	-6	0	3	2	0	5	3	2	4	9	3	4	11	18		32
				Receipts		Receipts	3	4	2	9	3	2	1	6	5	2	4	11	3	4	11	18		44
				Payments		Payments	1	0	8	9	0	0	1	1	2	0	0	2	0	0	0	0		12
		Other investment Income					-152	-104	-122	-378	-92	-84	-90	-266	-152	-87	-112	-351	-88	-99	-117	-304		-1317
			Receipts				59	52	52	163	47	41	39	127	39	36	31	106	30	25	23	78		474
			Payments				211	156	174	541	139	125	129	393	191	123	143	457	118	124	140	382		1773
			Monetary authorities				9	-20	17	6	4	-29	21	-4	2	-16	-6	-20	-2	-19	2	-19		-55
				Receipts			30	24	26	80	24	22	21	67	19	16	15	50	12	11	12	35		232
				Payments			21	44	9	74	20	51	0	71	17	32	21	70	14	30	10	54		484
			General government				-67	-65	-64	-196	-39	-29	-45	-113	-61	-62	-56	-179	-39	-30	-45	-114		-602
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			67	65	64	196	39	29	45	113	61	62	56	179	39	30	45	114		602
			Banks				-6	9	-14	-11	-11	5	-17	-23	-9	3	-15	-21	-8	1	-40	-47		-102
				Receipts			24	25	22	71	20	16	16	52	17	18	13	48	15	12	8	35		206
				Payments			30	16	36	82	31	11	33	75	26	15	28	69	23	11	48	82		308
			Other sectors				-88	-28	-61	-177	-46	-31	-49	-126	-84	-12	-35	-131	-39	-51	-34	-124		-558
				Receipts			5	3	4	12	3	3	2	8	3	2	3	8	3	2	3	8		36
				Payments			93	31	65	189	49	34	51	134	87	14	38	139	42	53	37	132		594
5	CURRENT TRANSFERS
	in million U.S. dollars
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	CURRENT TRANSFERS						528	508	549	1585	564	614	565	1743	588	575	565	1728	620	531	653	1804		6860
		RECEIPTS					552	534	578	1664	587	632	582	1801	607	595	584	1786	643	553	672	1868		7119
		PAYMENTS					24	26	29	79	23	18	17	58	19	20	19	58	23	22	19	64		259
		General government					42	35	44	121	35	37	40	112	40	40	44	124	37	39	38	114		471
			Receipts				46	43	49	138	41	42	44	127	45	45	49	139	42	44	43	129		533
			Payments				4	8	5	17	6	5	4	15	5	5	5	15	5	5	5	15		62
		Other sectors					486	473	505	1464	529	577	525	1631	548	535	521	1604	583	492	615	1690		6389
			Receipts				506	491	529	1526	546	590	538	1674	562	550	535	1647	601	509	629	1739		6586
			Payments				20	18	24	62	17	13	13	43	14	15	14	43	18	17	14	49		197
			Workers' remittances				484	469	504	1457	528	569	512	1609	540	534	514	1588	579	490	605	1674		6328
				Receipts			484	469	504	1457	528	569	512	1609	540	534	514	1588	579	490	605	1674		6328
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				2	4	1	7	1	8	13	22	8	1	7	16	4	2	10	16		61
				Receipts			22	22	25		18	21	26		22	16	21		22	19	24			258
				Payments			20	18	24		17	13	13		14	15	14		18	17	14			197
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	CAPITAL ACCOUNT						3	3	4	10	7	7	6	20	5	3	6	14	4	7	7	18		62
		RECEIPTS					7	6	6	19	8	8	7	23	6	6	8	20	8	8	8	24		86
		PAYMENTS					4	3	2	9	1	1	1	3	1	3	2	6	4	1	1	6		24
		Capital transfers					3	3	4	10	7	7	6	20	5	3	6	14	4	7	7	18		62
			Receipts				7	6	6	19	8	8	7	23	6	6	8	20	8	8	8	24		86
			Payments				4	3	2	9	1	1	1	3	1	3	2	6	4	1	1	6		24
			General government				5	5	5	15	6	6	6	18	6	6	8	20	8	8	8	24		77
				Receipts			5	5	5	15	6	6	6	18	6	6	8	20	8	8	8	24		77
				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			5	5	5	15	6	6	6	18	6	6	8	20	8	8	8	24		77
					Receipts		5	5	5	15	6	6	6	18	6	6	8	20	8	8	8	24		77
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				-2	-2	-1	-5	1	1	0	2	-1	-3	-2	-6	-4	-1	-1	-6		-15
				Receipts			2	1	1	4	2	2	1	5	0	0	0	0	0	0	0	0		9
				Payments			4	3	2	9	1	1	1	3	1	3	2	6	4	1	1	6		24
				Migrants transfers			-2	-2	-1	-5	1	1	0	2	-1	-3	-2	-6	-4	-1	-1	-6		-15
					Receipts		2	1	1	4	2	2	1	5	0	0	0	0	0	0	0	0		9
					Payments		4	3	2	9	1	1	1	3	1	3	2	6	4	1	1	6		24
				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	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
		Acquisition/disposal of nonproduced,					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			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	0	0	0	0	0	0	0	0	0	0	0		0
7	DIRECT INVESTMENT
	in million U.S. dollars
							2001																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2001
	DIRECT INVESTMENT						-401	215	167	-19	2	132	-9	125	-371	20	126	-225	65	154	235	454		335
		ASSETS :  Residents' Investments Abroad					1	6	2	9	15	-22	-158	-165	-2	-5	17	10	-7	0	13	6		-140
		Equity  capital					1	6	2	9	15	-22	-158	-165	-2	-5	17	10	-7	0	13	6		-140
			Claims on affiliated enterprises				1	6	2	9	15	-22	-158	-165	-2	-5	17	10	-7	0	13	6		-140
				Placements			1	10	2	13	16	1	3	20	7	-5	17	19	-6	0	14	8		60
				Withdrawals			0	4	0	4	1	23	161	185	9	0	0	9	1	0	1	2		200
			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					-400	221	169	-10	17	110	-167	-40	-373	15	143	-215	58	154	248	460		195
			in the Philippines
		Equity  capital					-16	53	66	103	25	109	27	161	-146	47	157	58	44	89	101	234		556
			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				-16	53	66	103	25	109	27	161	-146	47	157	58	44	89	101	234		556
				Placements			-11	64	69	122	26	110	27	163	33	48	157	238	50	94	106	250		773
				Withdrawals			5	11	3	19	1	1	0	2	179	1	0	180	6	5	5	16		217
		Reinvested earnings					-474	469	-14	-19	-107	-44	-78	-229	-73	-41	-11	-125	41	36	38	115		-258
			Claims				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities				-474	469	-14	-19	-107	-44	-78	-229	-73	-41	-11	-125	41	36	38	115		-258
		Other Capital					90	-301	117	-94	99	45<