1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	CURRENT ACCOUNT						731	502	-505	728	-674	54	-137	-757	7	-488	-229	-710	160	5	292	457		-282
	(Totals as percent of GNI) r									3.9				-3.8				-3.5				2.0		-0.3
	(Totals as percent of GDP) r									4.1				-4.0				-3.7				2.2		-0.3
	Goods  and  Services						135	-131	-1126	-1122	-1400	-638	-663	-2701	-599	-1115	-677	-2391	-474	-582	-262	-1318		-7532
		(Totals as percent of GNI) r								-5.9				-13.4				-11.9				-5.8		-7.8
		(Totals as percent of GDP) r								-6.4				-14.2				-12.6				-6.2		-9.3
		Export					2858	2855	3048	8761	2958	3163	3188	9309	3466	3264	3354	10084	3229	3273	3175	9677		37831
		Import					2723	2986	4174	9883	4358	3801	3851	12010	4065	4379	4031	12475	3703	3855	3437	10995		45363
		Goods					296	-17	-933	-654	-1185	-470	-545	-2200	-434	-916	-485	-1835	-290	-414	-137	-841		-5530
		(Totals as percent of GNI) r								-3.5				-11.0				-9.1				-3.7		-5.7
		(Totals as percent of GDP) r								-3.7				-11.6				-9.7				-4.0		-6.8
			Credit: Exports				2566	2563	2779	7908	2678	2851	2877	8406	3167	2968	3111	9246	2973	3022	2848	8843		34403
			Debit:   Imports				2270	2580	3712	8562	3863	3321	3422	10606	3601	3884	3596	11081	3263	3436	2985	9684		39933
		Services					-161	-114	-193	-468	-215	-168	-118	-501	-165	-199	-192	-556	-184	-168	-125	-477		-2002
			Credit: Exports				292	292	269	853	280	312	311	903	299	296	243	838	256	251	327	834		3428
			Debit:   Imports				453	406	462	1321	495	480	429	1404	464	495	435	1394	440	419	452	1311		5430
	Income						4	69	-38	35	-17	-29	-133	-179	-97	-36	-169	-302	14	22	-20	16		-430
		Credit:   Receipts					279	280	319	878	314	275	227	816	247	256	272	775	285	294	258	837		3306
		Debit:     Payments					275	211	357	843	331	304	360	995	344	292	441	1077	271	272	278	821		3736
	Current  Transfers						592	564	659	1815	743	721	659	2123	703	663	617	1983	620	565	574	1759		7680
		Credit:   Receipts					618	591	681	1890	763	741	675	2179	732	683	636	2051	644	590	594	1828		7948
		Debit:     Payments					26	27	22	75	20	20	16	56	29	20	19	68	24	25	20	69		268
	CAPITAL  AND  FINANCIAL  ACCOUNT						805	-363	2578	3020	-589	-63	-271	-923	-544	-787	-202	-1533	118	372	2	492		1056
	Capital  Account						1	1	0	2	3	3	3	9	2	3	3	8	3	2	3	8		27
		Credit:    Receipts					2	3	3	8	4	4	4	12	4	5	5	14	5	5	6	16		50
		Debit:      Payments					1	2	3	6	1	1	1	3	2	2	2	6	2	3	3	8		23
	Financial  Account						804	-364	2578	3018	-592	-66	-274	-932	-546	-790	-205	-1541	115	370	-1	484		1029
		Direct Investment					85	130	944	1159	220	-18	-45	157	-20	22	11	13	26	89	33	148		1477
			Debit: Assets, Residents'  Investments Abroad				2	-29	32	5	-19	30	2	13	13	4	-2	15	1	29	2	32		65
			Credit: Liabilities, Non-Residents'				87	101	976	1164	201	12	-43	170	-7	26	9	28	27	118	35	180		1542
				Investments in the Phil.
		Portfolio Investment					905	-197	456	1164	179	-141	-148	-110	-470	-707	-107	-1284	-34	83	927	976		746
			Debit: Assets, Residents'  Investments Abroad				-68	45	250	227	1	-28	-110	-137	5	534	62	601	262	14	-339	-63		628
			Credit: Liabilities, Non-Residents'				837	-152	706	1391	180	-169	-258	-247	-465	-173	-45	-683	228	97	588	913		1374
				Investments in the Phil.
		Financial Derivatives					-2	-2	-5	-9	-3	-6	3	-6	0	8	-16	-8	0	2	0	2		-21
			Debit: Assets, Residents'  Investments Abroad				-4	-3	-3	-10	-3	-7	-9	-19	-8	-31	-6	-45	-4	-3	-4	-11		-85
			Credit: Liabilities, Non-Residents'				-6	-5	-8	-19	-6	-13	-6	-25	-8	-23	-22	-53	-4	-1	-4	-9		-106
				Investments in the Phil.
		Other Investment					-184	-295	1183	704	-988	99	-84	-973	-56	-113	-93	-262	123	196	-961	-642		-1173
			Debit: Assets, Residents'  Investments Abroad				-139	176	90	127	891	-101	-213	577	-384	373	-991	-1002	379	-382	557	554		256
			Credit: Liabilities, Non-Residents'				-323	-119	1273	831	-97	-2	-297	-396	-440	260	-1084	-1264	502	-186	-404	-88		-917
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-727	-285	-620	-1632	1048	9	248	1305	-110	1091	276	1257	-618	-227	-49	-894		36
	OVERALL BOP POSITION						809	-146	1453	2116	-215	0	-160	-375	-647	-184	-155	-986	-340	150	245	55		810
	(Totals as percent of GNI) r									11.2				-1.9				-4.9				0.2		0.8
	(Totals as percent of GDP) r									12.0				-2.0				-5.2				0.3		1.0
	Debit: Change in Reserve Assets						619	-185	1066	1500	-365	-177	-179	-721	-695	-73	-200	-968	-87	-201	224	-64		-253
	Credit: Change in Reserve Liabilities						-190	-39	-387	-616	-150	-177	-19	-346	-48	111	-45	18	253	-351	-21	-119		-1063
		Use of Fund Credits					-53	-30	-15	-98	0	-47	-20	-67	-57	-48	-43	-148	-59	-15	-20	-94		-407
		Short-term					-137	-9	-372	-518	-150	-130	1	-279	9	159	-2	166	312	-336	-1	-25		-656
	Memo Items:
		Change in Commercial Banks' (KBs)					23	-233	433	223	-474	363	-74	-185	-278	-783	339	-722	-147	322	-95	80		-604
			Net Foreign Assets (NFA)
		OFW Cash Remittances					677	655	745	2077	828	807	709	2344	778	723	689	2190	694	651	651	1996		8607
			of which channeled thru the banking system				541	524	596	1661	663	645	567	1875	623	579	551	1753	555	521	521	1597		6886
		Basic Balance					809	648	641	2098	-575	-32	-242	-849	54	-609	-547	-1102	232	67	42	341		488
		Net Unclassified Items as Percent of total Trade					-15.0	-5.5	-9.6	-9.9	16.0	0.1	3.9	6.9	-1.6	15.9	4.1	6.2	-9.9	-3.5	-0.8	-4.8		0.0
	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
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	GOODS						296	-17	-933	-654	-1185	-470	-545	-2200	-434	-916	-485	-1835	-290	-414	-137	-841		-5530
		EXPORTS					2566	2563	2779	7908	2678	2851	2877	8406	3167	2968	3111	9246	2973	3022	2848	8843		34403
		IMPORTS					2270	2580	3712	8562	3863	3321	3422	10606	3601	3884	3596	11081	3263	3436	2985	9684		39933
	General Merchandise						-156	-307	-981	-1444	-1058	-647	-718	-2423	-661	-884	-689	-2234	-530	-677	-408	-1615		-7716
		General Merchandise Exports, fob					1591	1627	1706	4924	1690	1764	1737	5191	2017	1779	1893	5689	1862	1834	1806	5502		21306
			Exports of goods in trade statistics, fob				2631	2628	2849	8108	2749	2918	2936	8603	3223	3032	3191	9446	3033	3103	2914	9050		35207
			Adjustments				-1040	-1001	-1143	-3184	-1059	-1154	-1199	-3412	-1206	-1253	-1298	-3757	-1171	-1269	-1108	-3548		-13901
					For  Coverage		-65	-65	-70	-200	-71	-67	-59	-197	-56	-64	-80	-200	-60	-81	-66	-207		-804
					For  Classification		-975	-936	-1073	-2984	-988	-1087	-1140	-3215	-1150	-1189	-1218	-3557	-1111	-1188	-1042	-3341		-13097
					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					1747	1934	2687	6368	2748	2411	2455	7614	2678	2663	2582	7923	2392	2511	2214	7117		29022
			Imports of goods in trade statistics, fob				2226	2544	3436	8206	3881	3303	3353	10537	3520	3857	3537	10914	3247	3437	2896	9580		39237
			Adjustments				-479	-610	-749	-1838	-1133	-892	-898	-2923	-842	-1194	-955	-2991	-855	-926	-682	-2463		-10215
					For  Coverage		-36	-45	198	117	-77	-55	-27	-159	-42	-73	-71	-186	-77	-87	-41	-205		-433
					For  Classification		-523	-646	-1025	-2194	-1115	-910	-967	-2992	-923	-1221	-1014	-3158	-871	-925	-771	-2567		-10911
					For  Valuation		80	81	78	239	59	73	96	228	123	100	130	353	93	86	130	309		1129
					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)						450	287	47	784	-127	178	191	242	223	-40	186	369	231	261	282	774		2169
		Exports					967	928	1066	2961	979	1081	1125	3185	1138	1175	1197	3510	1098	1179	1023	3300		12956
		Imports					517	641	1019	2177	1106	903	934	2943	915	1215	1011	3141	867	918	741	2526		10787
																								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					450	287	47	784	-127	178	191	242	223	-40	186	369	231	261	282	774		2169
			Exports				967	928	1066	2961	979	1081	1125	3185	1138	1175	1197	3510	1098	1179	1023	3300		12956
			Imports				517	641	1019	2177	1106	903	934	2943	915	1215	1011	3141	867	918	741	2526		10787
																								0
	Repairs on goods:						0	0	0	0	0	0	-27	-27	0	0	0	0	0	0	-26	-26		-53
		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	27	27	0	0	0	0	0	0	26	26		53
	Goods procured in ports by  carriers						-3	-2	-3	-8	-3	-3	-2	-8	-3	-2	2	-3	2	-1	2	3		-16
		Exports					2	2	1	5	3	3	3	9	3	3	3	9	4	4	4	12		35
		Imports					5	4	4	13	6	6	5	17	6	5	1	12	2	5	2	9		51
	Nonmonetary  Gold						5	5	4	14	3	2	11	16	7	10	16	33	7	3	13	23		86
		Exports					6	6	6	18	6	3	12	21	9	11	18	38	9	5	15	29		106
		Imports					1	1	2	4	3	1	1	5	2	1	2	5	2	2	2	6		20
		Held as a store of value  (Gold Bullion)					6	4	4	14	4	3	9	16	8	8	12	28	8	2	3	13		71
			Exports				6	4	4	14	4	3	9	16	8	8	12	28	8	2	3	13		71
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					-1	1	0	0	-1	-1	2	0	-1	2	4	5	-1	1	10	10		15
			Exports				0	2	2	4	2	0	3	5	1	3	6	10	1	3	12	16		35
			Imports				1	1	2	4	3	1	1	5	2	1	2	5	2	2	2	6		20
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
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	SERVICES						-161	-114	-193	-468	-215	-168	-118	-501	-165	-199	-192	-556	-184	-168	-125	-477		-2002
		EXPORTS					292	292	269	853	280	312	311	903	299	296	243	838	256	251	327	834		3428
		IMPORTS					453	406	462	1321	495	480	429	1404	464	495	435	1394	440	419	452	1311		5430
	Transportation						-68	-89	-128	-285	-144	-122	-126	-392	-127	-148	-123	-398	-120	-129	-102	-351		-1426
		Exports					76	63	69	208	74	75	72	221	78	74	82	234	71	69	74	214		877
		Imports					144	152	197	493	218	197	198	613	205	222	205	632	191	198	176	565		2303
		of which: Passenger					12	2	1	15	1	-4	-3	-6	-1	-2	4	1	-2	-3	4	-1		9
			Exports				29	19	19	67	24	19	20	63	22	20	26	68	18	17	24	59		257
			Imports				17	17	18	52	23	23	23	69	23	22	22	67	20	20	20	60		248
		of which: Freight					-64	-78	-115	-257	-137	-108	-110	-355	-113	-132	-114	-359	-105	-112	-90	-307		-1278
			Exports				36	36	40	112	38	41	41	120	45	42	45	132	41	43	40	124		488
			Imports				100	114	155	369	175	149	151	475	158	174	159	491	146	155	130	431		1766
		of which: Other					-16	-13	-14	-43	-8	-10	-13	-31	-13	-14	-13	-40	-13	-14	-16	-43		-157
			Exports				11	8	10	29	12	15	11	38	11	12	11	34	12	9	10	31		132
			Imports				27	21	24	72	20	25	24	69	24	26	24	74	25	23	26	74		289
	Travel						-1	58	7	64	1	27	49	77	13	28	-16	25	-17	-6	-8	-31		135
		Exports					156	178	150	484	157	185	169	511	142	154	101	397	114	118	137	369		1761
		Imports					157	120	143	420	156	158	120	434	129	126	117	372	131	124	145	400		1626
	Communication  services						1	15	14	30	13	19	31	63	28	25	20	73	21	27	79	127		293
		Exports					18	20	20	58	19	23	37	79	38	35	23	96	30	32	83	145		378
		Imports					17	5	6	28	6	4	6	16	10	10	3	23	9	5	4	18		85
	Construction  services						-31	-25	-12	-833	-7	-10	-7	-833	-6	-2	2	-833	0	3	2	-833		-93
		Exports					1	4	1	-833	1	2	3	-833	2	2	4	-833	2	4	4	-833		30
		Imports					32	29	13	-833	8	12	10	-833	8	4	2	-833	2	1	2	-833		123
	Insurance  services						-9	-10	-14	-33	-16	-14	-14	-44	-15	-16	-15	-46	-14	-14	-12	-40		-163
		Exports					1	1	1	3	1	1	1	3	1	1	1	3	1	1	1	3		12
		Imports					10	11	15	36	17	15	15	47	16	17	16	49	15	15	13	43		175
	Financial  services						-7	-2	-6	-15	-2	-3	-5	-10	0	-3	-1	-4	-3	-3	-3	-9		-38
		Exports					4	2	2	8	3	2	2	7	5	2	4	11	3	1	2	6		32
		Imports					11	4	8	23	5	5	7	17	5	5	5	15	6	4	5	15		70
	Computer and Information  services						-5	-6	-3	-14	-1	-6	-3	-10	-6	-2	-3	-11	-3	-2	-3	-8		-43
		Exports					2	3	6	11	4	2	3	9	5	2	3	10	2	3	2	7		37
		Imports					7	9	9	25	5	8	6	19	11	4	6	21	5	5	5	15		80
	Royalties and license fees						-11	-13	-15	-39	-18	-21	-12	-51	-13	-47	-23	-83	-12	-14	-36	-62		-235
		Exports					0	0	0	0	0	0	0	0	0	1	0	1	0	0	0	0		1
		Imports					11	13	15	39	18	21	12	51	13	48	23	84	12	14	36	62		236
	Other business services						-24	-37	-32	-93	-35	-34	-28	-97	-34	-30	-28	-92	-32	-25	-39	-96		-378
		Exports					34	20	20	74	21	21	22	64	27	24	25	76	32	23	24	79		293
		Imports					58	57	52	167	56	55	50	161	61	54	53	168	64	48	63	175		671
		Merchanting and other trade-related services					4	4	3	11	3	2	2	7	0	0	0	0	0	3	1	4		22
			Exports				4	4	3	11	3	2	2	7	0	0	0	0	0	3	1	4		22
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-5	-7	-7	-19	-4	-9	-6	-19	-6	-7	-5	-18	-5	-5	-6	-16		-72
			Exports				1	0	0	1	3	0	0	3	0	0	2	2	3	0	0	3		9
			Imports				6	7	7	20	7	9	6	22	6	7	7	20	8	5	6	19		81
	and technical services	Misc. business, professional					-23	-34	-28	-85	-34	-27	-24	-85	-28	-23	-23	-74	-27	-23	-34	-84		-328
			and technical services
			Exports				29	16	17	62	15	19	20	54	27	24	23	74	29	20	23	72		262
			Imports				52	50	45	147	49	46	44	139	55	47	46	148	56	43	57	156		590
	Personal, cultural and recreational services						-2	-1	-1	-4	-2	0	0	-2	-1	0	-2	-3	0	-1	0	-1		-10
		Exports					0	1	0	1	0	1	2	3	1	1	0	2	1	0	0	1		7
		Imports					2	2	1	5	2	1	2	5	2	1	2	5	1	1	0	2		17
		Audio-Visual and related services					-2	-1	-1	-4	-2	0	0	-2	-1	0	-2	-3	0	-1	0	-1		-10
			Exports				0	1	0	1	0	1	1	2	1	1	0	2	1	0	0	1		6
			Imports				2	2	1	5	2	1	1	4	2	1	2	5	1	1	0	2		16
		Other personal, cultural and					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			recreational services																					0
			Exports				0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0		1
			Imports				0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0		1
	Government services, n.i.e.						-4	-4	-3	-11	-4	-4	-3	-11	-4	-4	-3	-11	-4	-4	-3	-11		-44
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				4	4	3	11	4	4	3	11	4	4	3	11	4	4	3	11		44
4	INCOME
	in million U.S. dollars
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	INCOME						4	69	-38	35	-17	-29	-133	-179	-97	-36	-169	-302	14	22	-20	16		-430
		RECEIPTS					279	280	319	878	314	275	227	816	247	256	272	775	285	294	258	837		3306
		PAYMENTS					275	211	357	843	331	304	360	995	344	292	441	1077	271	272	278	821		3736
	Compensation of emp. incl. border,						206	205	224	635	240	220	186	646	211	209	207	627	215	222	223	660		2568
		seasonal, and other workers
		Receipts					206	205	224	635	240	220	186	646	211	209	207	627	215	222	223	660		2568
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-202	-136	-262	-600	-257	-249	-319	-825	-308	-245	-376	-929	-201	-200	-243	-644		-2998
		Receipts					73	75	95	243	74	55	41	170	36	47	65	148	70	72	35	177		738
		Payments					275	211	357	843	331	304	360	995	344	292	441	1077	271	272	278	821		3736
		Direct Investment Income					-57	-43	-114	-214	-114	-119	-155	-388	-105	-139	-104	-348	-58	-99	-85	-242		-1192
			Receipts				2	0	8	10	0	0	2	2	0	6	0	6	1	0	0	1		19
			Payments				59	43	122	224	114	119	157	390	105	145	104	354	59	99	85	243		1211
			Income on Equity				-56	-41	-99	-196	-113	-110	-140	-363	-103	-136	-89	-328	-57	-96	-71	-224		-1111
				Receipts			2	0	8	10	0	0	2	2	0	6	0	6	1	0	0	1		19
				Payments			58	41	107	206	113	110	142	365	103	142	89	334	58	96	71	225		1130
				Dividends and distributed			-37	-27	-75	-139	-97	-104	-135	-336	-87	-114	-28	-229	-46	-57	-69	-172		-876
					branch profits																			0
					Receipts		2	0	8	10	0	0	2	2	0	6	0	6	1	0	0	1		19
					Payments		39	27	83	149	97	104	137	338	87	120	28	235	47	57	69	173		895
				Reinvested earnings and			-19	-14	-24	-57	-16	-6	-5	-27	-16	-22	-61	-99	-11	-39	-2	-52		-235
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		19	14	24	57	16	6	5	27	16	22	61	99	11	39	2	52		235
			Income on debt (interest)				-1	-2	-15	-18	-1	-9	-15	-25	-2	-3	-15	-20	-1	-3	-14	-18		-81
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			1	2	15	18	1	9	15	25	2	3	15	20	1	3	14	18		81
		Portfolio  Investment Income					-12	-8	-53	-73	-66	-66	-60	-192	-89	-23	-171	-283	-72	-33	-67	-172		-720
			Receipts				51	50	63	164	45	26	15	86	10	21	28	59	51	50	14	115		424
			Payments				63	58	116	237	111	92	75	278	99	44	199	342	123	83	81	287		1144
			Income on Equity (dividends)				-2	0	0	-2	-2	-1	-3	-6	-1	-2	-3	-6	-5	-1	0	-6		-20
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			2	0	0	2	2	1	3	6	1	2	3	6	5	1	0	6		20
				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	0	0	-2	-2	-1	-3	-6	-1	-2	-3	-6	-5	-1	0	-6		-20
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		2	0	0	2	2	1	3	6	1	2	3	6	5	1	0	6		20
			Income on debt (interest)				-10	-8	-53	-71	-64	-65	-57	-186	-88	-21	-168	-277	-67	-32	-67	-166		-700
				Receipts			51	50	63	164	45	26	15	86	10	21	28	59	51	50	14	115		424
				Payments			61	58	116	235	109	91	72	272	98	42	196	336	118	82	81	281		1124
				Bonds and notes			-13	-8	-55	-76	-64	-68	-57	-189	-88	-21	-169	-278	-67	-32	-67	-166		-709
					Receipts		47	50	61	158	44	23	15	82	9	21	27	57	51	50	14	115		412
					Payments		60	58	116	234	108	91	72	271	97	42	196	335	118	82	81	281		1121
					Monetary authorities		38	22	50	110	27	-19	-19	-11	1	-3	16	14	31	9	-12	28		141
						Receipts	38	35	50	123	32	17	2	51	1	10	22	33	36	44	10	90		297
						Payments	0	13	0	13	5	36	21	62	0	13	6	19	5	35	22	62		156
					General government		-39	-3	-55	-97	-94	-9	-8	-111	-68	-3	-129	-200	-95	-2	-32	-129		-537
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	39	3	55	97	94	9	8	111	68	3	129	200	95	2	32	129		537
					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		-12	-27	-50	-89	3	-40	-30	-67	-21	-15	-56	-92	-3	-39	-23	-65		-313
					Receipts	Receipts	9	15	11	35	12	6	13	31	8	11	5	24	15	6	4	25		115
					Payments	Payments	21	42	61	124	9	46	43	98	29	26	61	116	18	45	27	90		428
				Money market instruments			3	0	2	5	0	3	0	3	0	0	1	1	0	0	0	0		9
				Receipts	Receipts		4	0	2	6	1	3	0	4	1	0	1	2	0	0	0	0		12
				Payments	Payments		1	0	0	1	1	0	0	1	1	0	0	1	0	0	0	0		3
				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		3	0	2	5	0	3	0	3	0	0	1	1	0	0	0	0		9
				Receipts		Receipts	4	0	2	6	1	3	0	4	1	0	1	2	0	0	0	0		12
				Payments		Payments	1	0	0	1	1	0	0	1	1	0	0	1	0	0	0	0		3
		Other investment Income					-133	-85	-95	-313	-77	-64	-104	-245	-114	-83	-101	-298	-71	-68	-91	-230		-1086
			Receipts				20	25	24	69	29	29	24	82	26	20	37	83	18	22	21	61		295
			Payments				153	110	119	382	106	93	128	327	140	103	138	381	89	90	112	291		1381
			Monetary authorities				3	-17	-7	-21	0	-10	11	1	6	-4	6	8	-2	-12	2	-12		-24
				Receipts			11	12	11	34	11	12	11	34	10	10	10	30	5	8	5	18		116
				Payments			8	29	18	55	11	22	0	33	4	14	4	22	7	20	3	30		140
			General government				-49	-39	-44	-132	-24	-23	-46	-93	-46	-48	-44	-138	-24	-24	-45	-93		-456
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			49	39	44	132	24	23	46	93	46	48	44	138	24	24	45	93		456
			Banks				-13	-1	-14	-28	-10	2	-43	-51	-11	0	-24	-35	1	3	-12	-8		-122
				Receipts			8	8	10	26	13	9	9	31	9	8	22	39	10	11	13	34		130
				Payments			21	9	24	54	23	7	52	82	20	8	46	74	9	8	25	42		252
			Other sectors				-74	-28	-30	-132	-43	-33	-26	-102	-63	-31	-39	-133	-46	-35	-36	-117		-484
				Receipts			1	5	3	9	5	8	4	17	7	2	5	14	3	3	3	9		49
				Payments			75	33	33	141	48	41	30	119	70	33	44	147	49	38	39	126		533
5	CURRENT TRANSFERS
	in million U.S. dollars
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	CURRENT TRANSFERS						592	564	659	1815	743	721	659	2123	703	663	617	1983	620	565	574	1759		7680
		RECEIPTS					618	591	681	1890	763	741	675	2179	732	683	636	2051	644	590	594	1828		7948
		PAYMENTS					26	27	22	75	20	20	16	56	29	20	19	68	24	25	20	69		268
		General government					41	39	49	129	50	38	41	129	39	39	42	120	38	38	43	119		497
			Receipts				44	43	53	140	55	44	46	145	45	45	48	138	45	46	49	140		563
			Payments				3	4	4	11	5	6	5	16	6	6	6	18	7	8	6	21		66
		Other sectors					551	525	610	1686	693	683	618	1994	664	624	575	1863	582	527	531	1640		7183
			Receipts				574	548	628	1750	708	697	629	2034	687	638	588	1913	599	544	545	1688		7385
			Payments				23	23	18	64	15	14	11	40	23	14	13	50	17	17	14	48		202
			Workers' remittances				560	538	619	1717	694	687	611	1992	665	608	574	1847	571	520	520	1611		7167
				Receipts			560	538	619	1717	694	687	611	1992	665	608	574	1847	571	520	520	1611		7167
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				-9	-13	-9	-31	-1	-4	7	2	-1	16	1	16	11	7	11	29		16
				Receipts			14	10	9		14	10	18		22	30	14		28	24	25			218
				Payments			23	23	18		15	14	11		23	14	13		17	17	14			202
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	CAPITAL ACCOUNT						1	1	0	2	3	3	3	9	2	3	3	8	3	2	3	8		27
		RECEIPTS					2	3	3	8	4	4	4	12	4	5	5	14	5	5	6	16		50
		PAYMENTS					1	2	3	6	1	1	1	3	2	2	2	6	2	3	3	8		23
		Capital transfers					1	1	0	2	3	3	3	9	2	3	3	8	3	2	3	8		27
			Receipts				2	3	3	8	4	4	4	12	4	5	5	14	5	5	6	16		50
			Payments				1	2	3	6	1	1	1	3	2	2	2	6	2	3	3	8		23
			General government				2	3	3	8	4	4	4	12	4	4	5	13	5	5	5	15		48
				Receipts			2	3	3	8	4	4	4	12	4	4	5	13	5	5	5	15		48
				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			2	3	3	8	4	4	4	12	4	4	5	13	5	5	5	15		48
					Receipts		2	3	3	8	4	4	4	12	4	4	5	13	5	5	5	15		48
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				-1	-2	-3	-6	-1	-1	-1	-3	-2	-1	-2	-5	-2	-3	-2	-7		-21
				Receipts			0	0	0	0	0	0	0	0	0	1	0	1	0	0	1	1		2
				Payments			1	2	3	6	1	1	1	3	2	2	2	6	2	3	3	8		23
				Migrants transfers			-1	-2	-1	-4	-1	-1	-1	-3	-2	-2	-2	-6	-2	-3	-3	-8		-21
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		1	2	1	4	1	1	1	3	2	2	2	6	2	3	3	8		21
				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	-2	-2	0	0	0	0	0	1	0	1	0	0	1	1		0
					Receipts		0	0	0	0	0	0	0	0	0	1	0	1	0	0	1	1		2
					Payments		0	0	2	2	0	0	0	0	0	0	0	0	0	0	0	0		2
		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
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	DIRECT INVESTMENT						85	130	944	1159	220	-18	-45	157	-20	22	11	13	26	89	33	148		1477
		ASSETS :  Residents' Investments Abroad					2	-29	32	5	-19	30	2	13	13	4	-2	15	1	29	2	32		65
		Equity  capital					2	-29	32	5	-19	30	2	13	13	4	-2	15	1	29	2	32		65
			Claims on affiliated enterprises				2	-29	32	5	-19	30	2	13	13	4	-2	15	1	29	2	32		65
				Placements			2	-29	32	5	-19	30	2	13	13	4	-1	16	1	30	3	34		68
				Withdrawals			0	0	0	0	0	0	0	0	0	0	1	1	0	1	1	2		3
			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					87	101	976	1164	201	12	-43	170	-7	26	9	28	27	118	35	180		1542
			in the Philippines
		Equity  capital					152	62	999	1213	6	29	13	48	137	57	83	277	4	54	11	69		1607
			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				152	62	999	1213	6	29	13	48	137	57	83	277	4	54	11	69	0	1607
				Placements			172	63	1002	1237	20	42	18	80	151	59	86	296	24	71	24	119	0	1732
				Withdrawals			20	1	3	24	14	13	5	32	14	2	3	19	20	17	13	50		125
		Reinvested earnings					19	14	24	57	16	6	5	27	16	22	61	99	11	39	2	52		235
			Claims				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities				19	14	24	57	16	6	5	27	16	22	61	99	11	39	2	52		235
		Other Capital					-84	25	-47	-106	179	-23	-61	95	-160	-53	-135	-348	12	25	22	59		-300
			Claims on direct investors				131	-1	37	167	-136	22	55	-59	83	-20	121	184	2	-17	-50	-65		227
			Liabilities to direct investors				47	24	-10	61	43	-1	-6	36	-77	-73	-14	-164	14	8	-28	-6		-73
	Note:    Balance is derived by deducting assets from liabilities.
8	PORTFOLIO INVESTMENT
	in million U.S. dollars
							2002																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2002
	PORTFOLIO INVESTMENT						905	-197	456	1164	179	-141	-148	-110	-470	-707	-107	-1284	-34	83	927	976		746
		ASSETS :  Residents' Investments Abroad					-68	45	250	227	1	-28	-110	-137	5	534	62	601	262	14	-339	-63		628
		Equity  securities					1	1	0	2	1	1	0	2	1	0	1	2	0	1