1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2005																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2005
	CURRENT ACCOUNT						295	374	-8	661	-205	159	-50	-96	382	97	-113	366	131	429	489	1049		1980
	(Totals as percent of GNI) r									2.7				-0.4				1.4				3.4		1.5
	(Totals as percent of GDP) r									2.9				-0.4				1.5				3.7		1.9
	Goods  and  Services						-418	-473	-841	-1732	-1136	-766	-1086	-2988	-501	-918	-984	-2403	-856	-574	-560	-1990		-9113
		(Totals as percent of GNI) r								-7.1				-11.4				-9.3				-6.4		-7.0
		(Totals as percent of GDP) r								-7.7				-12.4				-10.1				-7.0		-8.8
		Export					3627	3234	3534	10395	3523	3568	3650	10741	3832	3882	3906	11620	3933	3917	4182	12032		44788
		Import					4045	3707	4375	12127	4659	4334	4736	13729	4333	4800	4890	14023	4789	4491	4742	14022		53901
		Goods					-345	-335	-684	-1364	-941	-624	-976	-2541	-463	-889	-811	-2163	-668	-483	-554	-1705		-7773
		(Totals as percent of GNI) r								-5.6				-9.7				-8.4				-5.5		-6.0
		(Totals as percent of GDP) r								-6.1				-10.6				-9.1				-6.0		-7.5
			Credit: Exports				3235	2941	3185	9361	3181	3222	3284	9687	3439	3450	3580	10469	3558	3550	3638	10746		40263
			Debit:   Imports				3580	3276	3869	10725	4122	3846	4260	12228	3902	4339	4391	12632	4226	4033	4192	12451		48036
		Services					-73	-138	-157	-368	-195	-142	-110	-447	-38	-29	-173	-240	-188	-91	-6	-285		-1340
			Credit: Exports				392	293	349	1034	342	346	366	1054	393	432	326	1151	375	367	544	1286		4525
			Debit:   Imports				465	431	506	1402	537	488	476	1501	431	461	499	1391	563	458	550	1571		5865
	Income						-104	49	-91	-146	-14	-7	29	8	-66	-43	-147	-256	48	34	14	96		-298
		Credit:   Receipts					316	321	337	974	338	318	325	981	354	314	369	1037	297	318	330	945		3937
		Debit:     Payments					420	272	428	1120	352	325	296	973	420	357	516	1293	249	284	316	849		4235
	Current  Transfers						817	798	924	2539	945	932	1007	2884	949	1058	1018	3025	939	969	1035	2943		11391
		Credit:   Receipts					850	826	955	2631	977	955	1028	2960	971	1082	1042	3095	963	994	1068	3025		11711
		Debit:     Payments					33	28	31	92	32	23	21	76	22	24	24	70	24	25	33	82		320
	CAPITAL  AND  FINANCIAL  ACCOUNT						47	1263	408	1718	1078	1137	186	2401	498	481	210	1189	-333	-1186	-1560	-3079		2229
	Capital  Account						1	10	3	14	2	0	2	4	4	5	4	13	2	4	3	9		40
		Credit:    Receipts					3	11	4	18	3	3	3	9	6	7	5	18	4	5	4	13		58
		Debit:      Payments					2	1	1	4	1	3	1	5	2	2	1	5	2	1	1	4		18
	Financial  Account						46	1253	405	1704	1076	1137	184	2397	494	476	206	1176	-335	-1190	-1563	-3088		2189
		Direct Investment					288	135	108	531	210	32	43	285	69	430	-80	419	166	223	41	430		1665
			Debit: Assets, Residents'  Investments Abroad				4	-1	23	26	8	5	32	45	17	-2	29	44	1	-9	82	74		189
			Credit: Liabilities, Non-Residents'				292	134	131	557	218	37	75	330	86	428	-51	463	167	214	123	504		1854
				Investments in the Phil.
		Portfolio Investment					247	1203	-261	1189	1030	932	94	2056	210	776	604	1590	233	-719	-874	-1360		3475
			Debit: Assets, Residents'  Investments Abroad				289	840	749	1878	-335	-101	-12	-448	-448	-939	93	-1294	-101	-194	305	10		146
			Credit: Liabilities, Non-Residents'				536	2043	488	3067	695	831	82	1608	-238	-163	697	296	132	-913	-569	-1350		3621
				Investments in the Phil.
		Financial Derivatives					-10	-18	-14	-42	1	-1	16	16	13	1	4	18	-5	-14	-16	-35		-43
			Debit: Assets, Residents'  Investments Abroad				-4	-3	-7	-14	-17	-8	-22	-47	-16	-5	-9	-30	-2	-2	-3	-7		-98
			Credit: Liabilities, Non-Residents'				-14	-21	-21	-56	-16	-9	-6	-31	-3	-4	-5	-12	-7	-16	-19	-42		-141
				Investments in the Phil.
		Other Investment					-479	-67	572	26	-165	174	31	40	202	-731	-322	-851	-729	-680	-714	-2123		-2908
			Debit: Assets, Residents'  Investments Abroad				689	327	-346	670	572	-185	986	1373	-49	100	352	403	223	793	1329	2345		4791
			Credit: Liabilities, Non-Residents'				210	260	226	696	407	-11	1017	1413	153	-631	30	-448	-506	113	615	222		1883
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-619	-675	-303	-1597	-768	-545	205	-1108	-864	-286	329	-821	-207	587	1347	1727		-1799
	OVERALL BOP POSITION						-277	962	97	782	105	751	341	1197	16	292	426	734	-409	-170	276	-303		2410
	(Totals as percent of GNI) r									3.2				4.6				2.9				-1.0		1.9
	(Totals as percent of GDP) r									3.5				5.0				3.1				-1.1		2.3
	Debit: Change in Reserve Assets						-331	622	-20	271	102	682	340	1124	-38	161	422	545	-411	-186	278	-319		1621
	Credit: Change in Reserve Liabilities						-54	-340	-117	-511	-3	-69	-1	-73	-54	-131	-4	-189	-2	-16	2	-16		-789
		Use of Fund Credits					-65	-45	-31	-141	0	-45	0	-45	-62	-43	-30	-135	0	0	0	0		-321
		Short-term					11	-295	-86	-370	-3	-24	-1	-28	8	-88	26	-54	-2	-16	2	-16		-468
	Memo Items:
		Change in Commercial Banks' (KBs)					-801	-768	-95	-1664	496	584	-849	231	692	320	-308	704	235	-231	-806	-802		-1531
			Net Foreign Assets (NFA)
		OFW Cash Remittances					905	892	1026	2823	1030	1011	1076	3117	1017	1119	1083	3219	997	1030	1106	3133		12292
			of which channeled thru the banking system				787	776	893	2456	895	879	935	2709	885	973	942	2800	867	895	962	2724		10689
		Basic Balance					523	396	153	1072	-30	-27	37	-20	244	329	-190	383	-248	1190	834	1776		3211
		Net Unclassified Items as Percent of total Trade					-9.1	-10.9	-4.3	-8.0	-10.5	-7.7	2.7	-5.1	-11.8	-3.7	4.1	-3.6	-2.7	7.7	17.2	7.4		-2.0
	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
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	GOODS						-345	-335	-684	-1364	-941	-624	-976	-2541	-463	-889	-811	-2163	-668	-483	-554	-1705		-7773
		EXPORTS					3235	2941	3185	9361	3181	3222	3284	9687	3439	3450	3580	10469	3558	3550	3638	10746		40263
		IMPORTS					3580	3276	3869	10725	4122	3846	4260	12228	3902	4339	4391	12632	4226	4033	4192	12451		48036
	General Merchandise						-623	-532	-891	-2046	-1054	-789	-1106	-2949	-710	-1094	-1061	-2865	-809	-698	-790	-2297		-10157
		General Merchandise Exports, fob					2019	1839	1962	5820	2045	2075	2118	6238	2231	2295	2250	6776	2411	2339	2308	7058		25892
			Exports of goods in trade statistics, fob				3294	3000	3268	9562	3246	3305	3358	9909	3503	3513	3675	10691	3635	3631	3827	11093		41255
			Adjustments				-1275	-1161	-1306	-3742	-1201	-1230	-1240	-3671	-1272	-1218	-1425	-3915	-1224	-1292	-1519	-4035		-15363
					For  Coverage		-59	-59	-83	-201	-65	-83	-74	-222	-64	-63	-95	-222	-77	-81	-189	-347		-992
					For  Classification		-1216	-1102	-1223	-3541	-1136	-1147	-1166	-3449	-1208	-1155	-1330	-3693	-1147	-1211	-1330	-3688		-14371
					For  Valuation		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					For  Timing		n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
		General Merchandise Imports, fob					2642	2371	2853	7866	3099	2864	3224	9187	2941	3389	3311	9641	3220	3037	3098	9355		36049
			Imports of goods in trade statistics, fob				3501	3211	3832	10544	4113	3798	4210	12121	3833	4239	4337	12409	4159	3975	4209	12343		47417
			Adjustments				-859	-840	-979	-2678	-1014	-934	-986	-2934	-892	-850	-1026	-2768	-939	-938	-1111	-2988		-11368
					For  Coverage		-28	-24	-31	-83	-44	-42	-36	-122	-35	-20	-43	-98	-36	-28	-125	-189		-492
					For  Classification		-938	-905	-1016	-2859	-1023	-982	-1036	-3041	-961	-950	-1080	-2991	-1006	-996	-1094	-3096		-11987
					For  Valuation		107	89	68	264	53	90	86	229	104	120	97	321	103	86	108	297		1111
					For  Timing		n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
	Goods for processing:  (On consignment)						275	205	217	697	119	165	146	430	249	226	272	747	152	239	272	663		2537
		Exports					1200	1094	1207	3501	1120	1132	1156	3408	1200	1149	1320	3669	1136	1200	1317	3653		14231
		Imports					925	889	990	2804	1001	967	1010	2978	951	923	1048	2922	984	961	1045	2990		11694
		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					275	205	217	697	119	165	146	430	249	226	272	747	152	239	272	663		2537
			Exports				1200	1094	1207	3501	1120	1132	1156	3408	1200	1149	1320	3669	1136	1200	1317	3653		14231
			Imports				925	889	990	2804	1001	967	1010	2978	951	923	1048	2922	984	961	1045	2990		11694
	Repairs on goods:						0	0	-11	-11	0	0	-11	-11	0	0	-10	-10	0	0	-10	-10		-42
		Exports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Imports					0	0	11	11	0	0	11	11	0	0	10	10	0	0	10	10		42
	Goods procured in ports by  carriers						-2	-7	-2	-11	1	-2	-5	-6	-4	-20	-13	-37	-13	-27	-25	-65		-119
		Exports					10	5	10	25	10	9	5	24	5	1	4	10	4	3	4	11		70
		Imports					12	12	12	36	9	11	10	30	9	21	17	47	17	30	29	76		189
	Nonmonetary  Gold						5	-1	3	7	-7	2	0	-5	2	-1	1	2	2	3	-1	4		8
		Exports					6	3	6	15	6	6	5	17	3	5	6	14	7	8	9	24		70
		Imports					1	4	3	8	13	4	5	22	1	6	5	12	5	5	10	20		62
		Held as a store of value  (Gold Bullion)					2	2	3	7	2	2	1	5	0	2	2	4	2	3	3	8		24
			Exports				2	2	3	7	2	2	1	5	0	2	2	4	2	3	3	8		24
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					3	-3	0	0	-9	0	-1	-10	2	-3	-1	-2	0	0	-4	-4		-16
			Exports				4	1	3	8	4	4	4	12	3	3	4	10	5	5	6	16		46
			Imports				1	4	3	8	13	4	5	22	1	6	5	12	5	5	10	20		62
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
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	SERVICES						-73	-138	-157	-368	-195	-142	-110	-447	-38	-29	-173	-240	-188	-91	-6	-285		-1340
		EXPORTS					392	293	349	1034	342	346	366	1054	393	432	326	1151	375	367	544	1286		4525
		IMPORTS					465	431	506	1402	537	488	476	1501	431	461	499	1391	563	458	550	1571		5865
	Transportation						-169	-163	-190	-522	-195	-165	-160	-520	-143	-170	-204	-517	-197	-188	-219	-604		-2163
		Exports					74	63	74	211	85	97	88	270	83	86	82	251	78	75	77	230		962
		Imports					243	226	264	733	280	262	248	790	226	256	286	768	275	263	296	834		3125
		of which: Passenger					17	3	18	38	17	17	25	59	24	26	24	74	18	18	15	51		222
			Exports				37	23	38	98	44	44	52	140	45	47	45	137	39	39	37	115		490
			Imports				20	20	20	60	27	27	27	81	21	21	21	63	21	21	22	64		268
		of which: Freight					-181	-162	-200	-543	-211	-180	-182	-573	-165	-187	-224	-576	-211	-207	-228	-646		-2338
			Exports				28	33	27	88	30	44	28	102	29	26	28	83	29	23	28	80		353
			Imports				209	195	227	631	241	224	210	675	194	213	252	659	240	230	256	726		2691
		of which: Other					-5	-4	-8	-17	-1	-2	-3	-6	-2	-9	-4	-15	-4	1	-6	-9		-47
			Exports				9	7	9	25	11	9	8	28	9	13	9	31	10	13	12	35		119
			Imports				14	11	17	42	12	11	11	34	11	22	13	46	14	12	18	44		166
	Travel						114	36	64	214	60	45	67	172	104	141	35	280	35	67	218	320		986
		Exports					232	141	173	546	165	160	171	496	201	233	129	563	179	157	324	660		2265
		Imports					118	105	109	332	105	115	104	324	97	92	94	283	144	90	106	340		1279
	Communication  services						26	30	28	84	22	23	38	83	35	43	38	116	41	49	34	124		407
		Exports					39	36	41	116	32	31	48	111	48	53	48	149	49	55	42	146		522
		Imports					13	6	13	32	10	8	10	28	13	10	10	33	8	6	8	22		115
	Construction  services						3	9	4	-833	4	5	3	-833	9	3	6	-833	2	5	6	-833		59
		Exports					4	10	6	-833	5	5	3	-833	9	4	6	-833	3	5	6	-833		66
		Imports					1	1	2	-833	1	0	0	-833	0	1	0	-833	1	0	0	-833		7
	Insurance  services						-14	-13	-15	-42	-17	-14	-17	-48	-15	-17	-18	-50	-16	-15	-15	-46		-186
		Exports					1	1	1	3	1	2	1	4	1	1	1	3	1	2	4	7		17
		Imports					15	14	16	45	18	16	18	52	16	18	19	53	17	17	19	53		203
	Financial  services						1	-3	-5	-7	-12	-8	-1	-21	-1	-4	-3	-8	-7	-1	4	-4		-40
		Exports					5	2	5	12	3	3	4	10	4	2	5	11	5	4	11	20		53
		Imports					4	5	10	19	15	11	5	31	5	6	8	19	12	5	7	24		93
	Computer and Information  services						-2	2	4	4	8	-2	1	7	3	3	0	6	5	4	1	10		27
		Exports					5	6	7	18	12	5	5	22	6	8	7	21	9	9	10	28		89
		Imports					7	4	3	14	4	7	4	15	3	5	7	15	4	5	9	18		62
	Royalties and license fees						-17	-16	-20	-53	-40	-12	-21	-73	-17	-16	-21	-54	-39	-13	-27	-79		-259
		Exports					0	0	2	2	0	2	0	2	0	0	0	0	0	1	1	2		6
		Imports					17	16	22	55	40	14	21	75	17	16	21	54	39	14	28	81		265
	Other business services						-11	-16	-23	-50	-19	-7	-14	-40	-8	-7	2	-13	-7	7	-11	-11		-114
		Exports					32	33	39	104	39	41	44	124	40	44	47	131	50	58	58	166		525
		Imports					43	49	62	154	58	48	58	164	48	51	45	144	57	51	69	177		639
		Merchanting and other trade-related services					1	2	0	3	1	2	1	4	0	1	1	2	1	3	1	5		14
			Exports				1	2	0	3	1	2	1	4	0	1	1	2	1	3	1	5		14
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-4	-5	-5	-14	-2	-4	-5	-11	-5	-2	-3	-10	-4	-5	-4	-13		-48
			Exports				0	0	0	0	1	0	0	1	0	1	2	3	0	0	1	1		5
			Imports				4	5	5	14	3	4	5	12	5	3	5	13	4	5	5	14		53
	and technical services	Misc. business, professional					-8	-13	-18	-39	-18	-5	-10	-33	-3	-6	4	-5	-4	9	-8	-3		-80
			and technical services
			Exports				31	31	39	101	37	39	43	119	40	42	44	126	49	55	56	160		506
			Imports				39	44	57	140	55	44	53	152	43	48	40	131	53	46	64	163		586
	Personal, cultural and recreational services						0	0	1	1	0	-1	0	-1	1	1	-2	0	1	0	10	11		11
		Exports					0	1	1	2	0	0	2	2	1	1	1	3	1	1	11	13		20
		Imports					0	1	0	1	0	1	2	3	0	0	3	3	0	1	1	2		9
		Audio-Visual and related services					0	0	1	1	0	0	0	0	1	1	0	2	1	0	10	11		14
			Exports				0	1	1	2	0	0	1	1	1	1	1	3	1	1	11	13		19
			Imports				0	1	0	1	0	0	1	1	0	0	1	1	0	1	1	2		5
		Other personal, cultural and					0	0	0	0	0	-1	0	-1	0	0	-2	-2	0	0	0	0		-3
			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	1	1	2	0	0	2	2	0	0	0	0		4
	Government services, n.i.e.						-4	-4	-5	-13	-6	-6	-6	-18	-6	-6	-6	-18	-6	-6	-7	-19		-68
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				4	4	5	13	6	6	6	18	6	6	6	18	6	6	7	19		68
4	INCOME
	in million U.S. dollars
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	INCOME						-104	49	-91	-146	-14	-7	29	8	-66	-43	-147	-256	48	34	14	96		-298
		RECEIPTS					316	321	337	974	338	318	325	981	354	314	369	1037	297	318	330	945		3937
		PAYMENTS					420	272	428	1120	352	325	296	973	420	357	516	1293	249	284	316	849		4235
	Compensation of emp. incl. border,						244	249	268	761	255	247	247	749	232	239	244	715	210	225	233	668		2893
		seasonal, and other workers
		Receipts					244	249	268	761	255	247	247	749	232	239	244	715	210	225	233	668		2893
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-348	-200	-359	-907	-269	-254	-218	-741	-298	-282	-391	-971	-162	-191	-219	-572		-3191
		Receipts					72	72	69	213	83	71	78	232	122	75	125	322	87	93	97	277		1044
		Payments					420	272	428	1120	352	325	296	973	420	357	516	1293	249	284	316	849		4235
		Direct Investment Income					-180	-30	-113	-323	-145	-135	-112	-392	-138	-97	-189	-424	-26	-123	-84	-233		-1372
			Receipts				0	0	0	0	7	1	0	8	1	0	0	1	2	2	6	10		19
			Payments				180	30	113	323	152	136	112	400	139	97	189	425	28	125	90	243		1391
			Income on Equity				-175	-29	-95	-299	-144	-134	-92	-370	-138	-95	-168	-401	-26	-122	-63	-211		-1281
				Receipts			0	0	0	0	7	1	0	8	1	0	0	1	1	2	5	8		17
				Payments			175	29	95	299	151	135	92	378	139	95	168	402	27	124	68	219		1298
				Dividends and distributed			-97	-12	-89	-198	-140	-120	-85	-345	-122	-79	-183	-384	-14	-114	-86	-214		-1141
					branch profits																			0
					Receipts		0	0	0	0	7	1	0	8	1	0	0	1	1	2	5	8		17
					Payments		97	12	89	198	147	121	85	353	123	79	183	385	15	116	91	222		1158
				Reinvested earnings and			-78	-17	-6	-101	-4	-14	-7	-25	-16	-16	15	-17	-12	-8	23	3		-140
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		78	17	6	101	4	14	7	25	16	16	-15	17	12	8	-23	-3		140
			Income on debt (interest)				-5	-1	-18	-24	-1	-1	-20	-22	0	-2	-21	-23	0	-1	-21	-22		-91
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	1	0	1	2		2
				Payments			5	1	18	24	1	1	20	22	0	2	21	23	1	1	22	24		93
		Portfolio  Investment Income					-80	-110	-160	-350	-55	-52	-18	-125	-82	-109	-125	-316	-57	-21	-55	-133		-924
			Receipts				48	41	41	130	47	43	44	134	94	46	80	220	50	46	45	141		625
			Payments				128	151	201	480	102	95	62	259	176	155	205	536	107	67	100	274		1549
			Income on Equity (dividends)				-9	-4	-11	-24	-3	-28	-11	-42	-49	-5	-12	-66	-6	-3	-22	-31		-163
				Receipts			0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0		1
				Payments			9	4	11	24	3	28	12	43	49	5	12	66	6	3	22	31		164
				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			-1	0	0	-1	0	-4	0	-4	0	0	0	0	0	0	0	0		-5
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		1	0	0	1	0	4	0	4	0	0	0	0	0	0	0	0		5
				Other sectors			-8	-4	-11	-23	-3	-24	-11	-38	-49	-5	-12	-66	-6	-3	-22	-31		-158
					Receipts		0	0	0	0	0	0	1	1	0	0	0	0	0	0	0	0		1
					Payments		8	4	11	23	3	24	12	39	49	5	12	66	6	3	22	31		159
			Income on debt (interest)				-71	-106	-149	-326	-52	-24	-7	-83	-33	-104	-113	-250	-51	-18	-33	-102		-761
				Receipts			48	41	41	130	47	43	43	133	94	46	80	220	50	46	45	141		624
				Payments			119	147	190	456	99	67	50	216	127	150	193	470	101	64	78	243		1385
				Bonds and notes			-81	-110	-153	-344	-59	-29	-9	-97	-36	-106	-114	-256	-54	-24	-35	-113		-810
					Receipts		38	37	37	112	40	38	41	119	91	44	79	214	47	40	43	130		575
					Payments		119	147	190	456	99	67	50	216	127	150	193	470	101	64	78	243		1385
					Monetary authorities		28	30	30	88	31	-6	12	37	85	35	67	187	37	1	13	51		363
						Receipts	28	30	30	88	31	30	34	95	85	35	67	187	37	36	34	107		477
						Payments	0	0	0	0	0	36	22	58	0	0	0	0	0	35	21	56		114
					General government		-88	-118	-126	-332	-64	-3	-10	-77	-87	-129	-132	-348	-64	-6	-43	-113		-870
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	88	118	126	332	64	3	10	77	87	129	132	348	64	6	43	113		870
					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		-21	-22	-57	-100	-26	-20	-11	-57	-34	-12	-49	-95	-27	-19	-5	-51		-303
					Receipts	Receipts	10	7	7	24	9	8	7	24	6	9	12	27	10	4	9	23		98
					Payments	Payments	31	29	64	124	35	28	18	81	40	21	61	122	37	23	14	74		401
				Money market instruments			10	4	4	18	7	5	2	14	3	2	1	6	3	6	2	11		49
				Receipts	Receipts		10	4	4	18	7	5	2	14	3	2	1	6	3	6	2	11		49
				Payments	Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				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		10	4	4	18	7	5	2	14	3	2	1	6	3	6	2	11		49
				Receipts		Receipts	10	4	4	18	7	5	2	14	3	2	1	6	3	6	2	11		49
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Other investment Income					-88	-60	-86	-234	-69	-67	-88	-224	-78	-76	-77	-231	-79	-47	-80	-206		-895
			Receipts				24	31	28	83	29	27	34	90	27	29	45	101	35	45	46	126		400
			Payments				112	91	114	317	98	94	122	314	105	105	122	332	114	92	126	332		1295
			Monetary authorities				4	1	6	11	-2	7	15	20	8	1	18	27	-2	15	18	31		89
				Receipts			6	12	10	28	11	13	15	39	10	13	24	47	15	20	18	53		167
				Payments			2	11	4	17	13	6	0	19	2	12	6	20	17	5	0	22		78
			General government				-32	-66	-41	-139	-32	-25	-42	-99	-24	-66	-44	-134	-32	-23	-38	-93		-465
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			32	66	41	139	32	25	42	99	24	66	44	134	32	23	38	93		465
			Banks				-8	5	-28	-31	-7	-18	-21	-46	-17	-7	-26	-50	-8	-10	-7	-25		-152
				Receipts			15	13	10	38	12	9	12	33	8	10	13	31	13	16	14	43		145
				Payments			23	8	38	69	19	27	33	79	25	17	39	81	21	26	21	68		297
			Other sectors				-52	0	-23	-75	-28	-31	-40	-99	-45	-4	-25	-74	-37	-29	-53	-119		-367
				Receipts			3	6	8	17	6	5	7	18	9	6	8	23	7	9	14	30		88
				Payments			55	6	31	92	34	36	47	117	54	10	33	97	44	38	67	149		455
5	CURRENT TRANSFERS
	in million U.S. dollars
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	CURRENT TRANSFERS						817	798	924	2539	945	932	1007	2884	949	1058	1018	3025	939	969	1035	2943		11391
		RECEIPTS					850	826	955	2631	977	955	1028	2960	971	1082	1042	3095	963	994	1068	3025		11711
		PAYMENTS					33	28	31	92	32	23	21	76	22	24	24	70	24	25	33	82		320
		General government					36	34	36	106	34	37	37	108	35	35	43	113	34	41	35	110		437
			Receipts				43	40	43	126	43	45	45	133	43	43	51	137	42	49	43	134		530
			Payments				7	6	7	20	9	8	8	25	8	8	8	24	8	8	8	24		93
		Other sectors					781	764	888	2433	911	895	970	2776	914	1023	975	2912	905	928	1000	2833		10954
			Receipts				807	786	912	2505	934	910	983	2827	928	1039	991	2958	921	945	1025	2891		11181
			Payments				26	22	24	72	23	15	13	51	14	16	16	46	16	17	25	58		227
			Workers' remittances				768	749	874	2391	889	874	941	2704	890	989	946	2825	879	899	970	2748		10668
				Receipts			768	749	874	2391	889	874	941	2704	890	989	946	2825	879	899	970	2748		10668
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				13	15	14	42	22	21	29	72	24	34	29	87	26	29	30	85		286
				Receipts			39	37	38		45	36	42		38	50	45		42	46	55			513
				Payments			26	22	24		23	15	13		14	16	16		16	17	25			227
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	CAPITAL ACCOUNT						1	10	3	14	2	0	2	4	4	5	4	13	2	4	3	9		40
		RECEIPTS					3	11	4	18	3	3	3	9	6	7	5	18	4	5	4	13		58
		PAYMENTS					2	1	1	4	1	3	1	5	2	2	1	5	2	1	1	4		18
		Capital transfers					1	10	3	14	2	2	2	6	4	5	4	13	2	4	3	9		42
			Receipts				3	11	4	18	3	3	3	9	6	7	5	18	4	5	4	13		58
			Payments				2	1	1	4	1	1	1	3	2	2	1	5	2	1	1	4		16
			General government				3	3	3	9	3	3	3	9	3	4	4	11	4	4	4	12		41
				Receipts			3	3	3	9	3	3	3	9	3	4	4	11	4	4	4	12		41
				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			3	3	3	9	3	3	3	9	3	4	4	11	4	4	4	12		41
					Receipts		3	3	3	9	3	3	3	9	3	4	4	11	4	4	4	12		41
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				-2	7	0	5	-1	-1	-1	-3	1	1	0	2	-2	0	-1	-3		1
				Receipts			0	8	1	9	0	0	0	0	3	3	1	7	0	1	0	1		17
				Payments			2	1	1	4	1	1	1	3	2	2	1	5	2	1	1	4		16
				Migrants transfers			-2	-1	0	-3	-1	-1	-1	-3	0	-1	0	-1	-2	0	-1	-3		-10
					Receipts		0	0	1	1	0	0	0	0	1	1	1	3	0	1	0	1		5
					Payments		2	1	1	4	1	1	1	3	1	2	1	4	2	1	1	4		15
				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	8	0	8	0	0	0	0	1	2	0	3	0	0	0	0		11
					Receipts		0	8	0	8	0	0	0	0	2	2	0	4	0	0	0	0		12
					Payments		0	0	0	0	0	0	0	0	1	0	0	1	0	0	0	0		1
		Acquisition/disposal of nonproduced,					0	0	0	0	0	-2	0	-2	0	0	0	0	0	0	0	0		-2
			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	2	0	2	0	0	0	0	0	0	0	0		2
7	DIRECT INVESTMENT
	in million U.S. dollars
							2005																	Jan-Dec
							Jan-05	Feb-05	Mar-05	Q1	Apr-05	May-05	Jun-05	Q2	Jul-05	Aug-05	Sep-05	Q3	Oct-05	Nov-05	Dec-05	Q4		2005
	DIRECT INVESTMENT						288	135	108	531	210	32	43	285	69	430	-80	419	166	223	41	430		1665
		ASSETS :  Residents' Investments Abroad					4	-1	23	26	8	5	32	45	17	-2	29	44	1	-9	82	74		189
		Equity  capital					4	-1	23	26	8	5	32	45	17	-2	29	44	1	-9	82	74		189
			Claims on affiliated enterprises				4	-1	23	26	8	5	32	45	17	-2	29	44	1	-9	82	74		189
				Placements			5	4	25	34	9	6	34	49	18	-1	30	47	2	-8	84	78		208
				Withdrawals			1	5	2	8	1	1	2	4	1	1	1	3	1	1	2	4		19
			Liabilities to affiliated enterprises				n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
		Reinvested earnings					n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
		Other Capital					n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
			Claims on affiliated enterprises				n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
			Liabilities to affiliated enterprises				n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
		LIABILITIES : Non-residents' Investments					292	134	131	557	218	37	75	330	86	428	-51	463	167	214	123	504		1854
			in the Philippines
		Equity  capital					343	33	74	450	106	74	51	231	56	291	26	373	39	24	64	127		1181
			Claims on direct investors				n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0	n.a.	n.a.	n.a.	0		n.a.
			Liabilities to direct investors				343	33	74	450	106	74	51	231	56	291	26	373	39	24	64	127		1181
				Placements			346	35	163	544	137	76	60	273	64	297	27	388	43	44	77	164		1369
				Withdrawals			3	2	89	94	31	2	9	42	8	6	1	15	4	20	13	37		188
		Reinvested earnings					78	17	6	101	4	14	7	25	16	16	-15	17	12	8	-23	-3		140
			Claims				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Liabilities				78	17	6	101	4	14	7	25	16	16	-15	17	12	8	-23	-3		140
		Other Capital					-129	84	51	6	108	-51	17	74	14	121	-62	73	116	182	82	380		533
			Claims on direct investors				4	16	-85	-65	26	81	17	124	31	-91	110	50	-108	-146	-45	-299		-190
			Liabilities to direct investors				-125	100	-34	-59	134	30