1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	CURRENT ACCOUNT						310	391	184	885	301	540	569	1410	449	-212	661	898	537	649	962	2148		5341
	(Totals as percent of GNI) r									3.1				4.6				2.9				5.8		3.5
	(Totals as percent of GDP) r									3.3				5.1				3.1				6.2		4.4
	Goods  and  Services						-626	-396	-602	-1624	-560	-597	-579	-1736	-496	-779	-379	-1654	-681	-476	-424	-1581		-6595
		(Totals as percent of GNI) r								-5.6				-5.7				-5.3				-4.2		-4.3
		(Totals as percent of GDP) r								-6.1				-6.2				-5.8				-4.6		-5.4
		Export					3974	3787	4617	12378	4335	4420	4533	13288	4500	4717	4497	13714	4691	4617	4282	13590		52970
		Import					4600	4183	5219	14002	4895	5017	5112	15024	4996	5496	4876	15368	5372	5093	4706	15171		59565
		Goods					-614	-344	-555	-1513	-579	-696	-610	-1885	-533	-738	-269	-1540	-640	-568	-586	-1794		-6732
		(Totals as percent of GNI) r								-5.2				-6.2				-5.0				-4.8		-4.4
		(Totals as percent of GDP) r								-5.7				-6.8				-5.4				-5.2		-5.5
			Credit: Exports				3458	3383	4106	10947	3855	3802	3970	11627	3933	4210	4120	12263	4140	3959	3590	11689		46526
			Debit:   Imports				4072	3727	4661	12460	4434	4498	4580	13512	4466	4948	4389	13803	4780	4527	4176	13483		53258
		Services					-12	-52	-47	-111	19	99	31	149	37	-41	-110	-114	-41	92	162	213		137
			Credit: Exports				516	404	511	1431	480	618	563	1661	567	507	377	1451	551	658	692	1901		6444
			Debit:   Imports				528	456	558	1542	461	519	532	1512	530	548	487	1565	592	566	530	1688		6307
	Income						-17	-104	-281	-402	-56	-58	4	-110	-147	-565	-9	-721	-4	-53	29	-28		-1261
		Credit:   Receipts					437	289	328	1054	333	361	375	1069	343	373	379	1095	359	410	401	1170		4388
		Debit:     Payments					454	393	609	1456	389	419	371	1179	490	938	388	1816	363	463	372	1198		5649
	Current  Transfers						953	891	1067	2911	917	1195	1144	3256	1092	1132	1049	3273	1222	1178	1357	3757		13197
		Credit:   Receipts					975	914	1091	2980	942	1219	1174	3335	1115	1154	1073	3342	1247	1212	1395	3854		13511
		Debit:     Payments					22	23	24	69	25	24	30	79	23	22	24	69	25	34	38	97		314
	CAPITAL  AND  FINANCIAL  ACCOUNT						1865	-500	35	1400	-518	-766	-320	-1604	-502	858	13	369	360	-270	-235	-145		20
	Capital  Account						96	4	3	103	2	5	5	12	-1	7	3	9	3	4	7	14		138
		Credit:    Receipts					98	8	6	112	6	7	7	20	8	13	7	28	6	7	8	21		181
		Debit:      Payments					2	4	3	9	4	2	2	8	9	6	4	19	3	3	1	7		43
	Financial  Account						1769	-504	32	1297	-520	-771	-325	-1616	-501	851	10	360	357	-274	-242	-159		-118
		Direct Investment					323	73	-11	385	106	298	243	647	-91	1122	185	1216	369	52	149	570		2818
			Debit: Assets, Residents'  Investments Abroad				1	38	-7	32	3	-5	-1	-3	39	-1	24	62	1	5	6	12		103
			Credit: Liabilities, Non-Residents'				324	111	-18	417	109	293	242	644	-52	1121	209	1278	370	57	155	582		2921
				Investments in the Phil.
		Portfolio Investment					2458	-290	-453	1715	-369	-377	-636	-1382	153	1372	462	1987	374	161	188	723		3043
			Debit: Assets, Residents'  Investments Abroad				-347	530	379	562	398	127	561	1086	31	-55	86	62	102	275	-520	-143		1567
			Credit: Liabilities, Non-Residents'				2111	240	-74	2277	29	-250	-75	-296	184	1317	548	2049	476	436	-332	580		4610
				Investments in the Phil.
		Financial Derivatives					-21	-37	-14	-72	4	22	9	35	-4	-19	-22	-45	-17	-13	-26	-56		-138
			Debit: Assets, Residents'  Investments Abroad				-4	-4	-14	-22	-30	-42	-16	-88	-8	-9	-7	-24	-12	-9	-4	-25		-159
			Credit: Liabilities, Non-Residents'				-25	-41	-28	-94	-26	-20	-7	-53	-12	-28	-29	-69	-29	-22	-30	-81		-297
				Investments in the Phil.
		Other Investment					-991	-250	510	-731	-261	-714	59	-916	-559	-1624	-615	-2798	-369	-474	-553	-1396		-5841
			Debit: Assets, Residents'  Investments Abroad				224	-480	-83	-339	-580	120	236	-224	177	1156	1036	2369	26	761	919	1706		3512
			Credit: Liabilities, Non-Residents'				-767	-730	427	-1070	-841	-594	295	-1140	-382	-468	421	-429	-343	287	366	310		-2329
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-250	216	-130	-164	-60	190	-17	113	182	-287	-583	-688	-361	-396	-96	-853		-1592
	OVERALL BOP POSITION						1925	107	89	2121	-277	-36	232	-81	129	359	91	579	536	-17	631	1150		3769
	(Totals as percent of GNI) r									7.3				-0.3				1.9				3.1		2.5
	(Totals as percent of GDP) r									7.9				-0.3				2.0				3.3		3.1
	Debit: Change in Reserve Assets						1731	111	73	1915	-273	-33	206	-100	-66	208	68	210	536	-25	398	909		2934
	Credit: Change in Reserve Liabilities						-194	4	-16	-206	4	3	-26	-19	-195	-151	-23	-369	0	-8	-233	-241		-835
		Use of Fund Credits					-61	0	-29	-90	0	0	0	0	-62	0	-30	-92	0	0	-220	-220		-402
		Short-term					-133	4	13	-116	4	3	-26	-19	-133	-151	7	-277	0	-8	-13	-21		-433
	Memo Items:
		Change in Commercial Banks' (KBs)					-270	-663	13	-920	-63	-583	-263	-909	21	-1187	-721	-1887	198	-520	-330	-652		-4368
			Net Foreign Assets (NFA)
		OFW Cash Remittances					1008	952	1135	3095	988	1256	1215	3459	1153	1201	1115	3469	1304	1258	1452	4014		14037
			of which channeled thru the banking system				917	866	1032	2815	898	1142	1104	3144	1048	1091	1014	3153	1186	1144	1319	3649		12761
		Basic Balance					291	19	286	596	147	663	810	1620	-118	148	747	777	527	464	1535	2526		5519
		Net Unclassified Items as Percent of total Trade					-3.3	3.0	-1.5	-0.7	-0.7	2.3	-0.2	0.4	2.2	-3.1	-6.9	-2.6	-4.0	-4.7	-1.2	-3.4		-1.6
	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
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	GOODS						-614	-344	-555	-1513	-579	-696	-610	-1885	-533	-738	-269	-1540	-640	-568	-586	-1794		-6732
		EXPORTS					3458	3383	4106	10947	3855	3802	3970	11627	3933	4210	4120	12263	4140	3959	3590	11689		46526
		IMPORTS					4072	3727	4661	12460	4434	4498	4580	13512	4466	4948	4389	13803	4780	4527	4176	13483		53258
	General Merchandise						-778	-559	-763	-2100	-702	-861	-865	-2428	-783	-1021	-529	-2333	-742	-762	-703	-2207		-9068
		General Merchandise Exports, fob					2419	2280	2829	7528	2812	2580	2724	8116	2756	2823	2791	8370	2842	2706	2432	7980		31994
			Exports of goods in trade statistics, fob				3533	3448	4174	11155	3918	3885	4055	11858	4016	4274	4178	12468	4207	4031	3690	11928		47409
			Adjustments				-1114	-1168	-1345	-3627	-1106	-1305	-1331	-3742	-1260	-1451	-1387	-4098	-1365	-1325	-1258	-3948		-15415
					For  Coverage		-75	-65	-68	-208	-63	-83	-85	-231	-83	-64	-58	-205	-67	-72	-100	-239		-883
					For  Classification		-1039	-1103	-1277	-3419	-1043	-1222	-1246	-3511	-1177	-1387	-1329	-3893	-1298	-1253	-1158	-3709		-14532
					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					3197	2839	3592	9628	3514	3441	3589	10544	3539	3844	3320	10703	3584	3468	3135	10187		41062
			Imports of goods in trade statistics, fob				3707	3415	4227	11349	4417	4448	4534	13399	4412	4884	4355	13651	4686	4510	4178	13374		51773
			Adjustments				-510	-576	-635	-1721	-903	-1007	-945	-2855	-873	-1040	-1035	-2948	-1102	-1042	-1043	-3187		-10711
					For  Coverage		-30	-36	-22	-88	-21	-27	-30	-78	-37	-5	-41	-83	22	-56	-71	-105		-354
					For  Classification		-875	-888	-1069	-2832	-920	-1057	-991	-2968	-927	-1104	-1069	-3100	-1196	-1059	-1041	-3296		-12196
					For  Valuation		395	348	456	1199	38	77	76	191	91	69	75	235	72	73	69	214		1839
					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)						170	227	228	625	134	161	246	541	215	276	237	728	110	188	110	408		2302
		Exports					1020	1091	1262	3373	1016	1186	1212	3414	1117	1346	1278	3741	1262	1220	1126	3608		14136
		Imports					850	864	1034	2748	882	1025	966	2873	902	1070	1041	3013	1152	1032	1016	3200		11834
		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					170	227	228	625	134	161	246	541	215	276	237	728	110	188	110	408		2302
			Exports				1020	1091	1262	3373	1016	1186	1212	3414	1117	1346	1278	3741	1262	1220	1126	3608		14136
			Imports				850	864	1034	2748	882	1025	966	2873	902	1070	1041	3013	1152	1032	1016	3200		11834
	Repairs on goods:						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
	Goods procured in ports by  carriers						-5	-12	-18	-35	-21	-10	-5	-36	-2	-14	-6	-22	-20	-7	-2	-29		-122
		Exports					10	3	6	19	4	11	12	27	13	12	12	37	13	12	14	39		122
		Imports					15	15	24	54	25	21	17	63	15	26	18	59	33	19	16	68		244
	Nonmonetary  Gold						-1	0	-2	-3	10	14	14	38	37	21	29	87	12	13	9	34		156
		Exports					9	9	9	27	23	25	22	70	47	29	39	115	23	21	18	62		274
		Imports					10	9	11	30	13	11	8	32	10	8	10	28	11	8	9	28		118
		Held as a store of value  (Gold Bullion)					3	3	3	9	17	17	14	48	39	18	29	86	13	12	10	35		178
			Exports				3	3	3	9	17	17	14	48	39	18	29	86	13	12	10	35		178
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					-4	-3	-5	-12	-7	-3	0	-10	-2	3	0	1	-1	1	-1	-1		-22
			Exports				6	6	6	18	6	8	8	22	8	11	10	29	10	9	8	27		96
			Imports				10	9	11	30	13	11	8	32	10	8	10	28	11	8	9	28		118
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
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	SERVICES						-12	-52	-47	-111	19	99	31	149	37	-41	-110	-114	-41	92	162	213		137
		EXPORTS					516	404	511	1431	480	618	563	1661	567	507	377	1451	551	658	692	1901		6444
		IMPORTS					528	456	558	1542	461	519	532	1512	530	548	487	1565	592	566	530	1688		6307
	Transportation						-184	-171	-189	-544	-177	-192	-212	-581	-193	-215	-179	-587	-213	-198	-178	-589		-2301
		Exports					86	78	116	280	96	101	92	289	103	103	102	308	96	93	85	274		1151
		Imports					270	249	305	824	273	293	304	870	296	318	281	895	309	291	263	863		3452
		of which: Passenger					17	10	33	60	12	14	8	34	26	18	16	60	15	13	10	38		192
			Exports				39	32	56	127	47	49	42	138	53	46	44	143	39	37	34	110		518
			Imports				22	22	23	67	35	35	34	104	27	28	28	83	24	24	24	72		326
		of which: Freight					-199	-179	-226	-604	-185	-206	-218	-609	-213	-236	-199	-648	-229	-212	-190	-631		-2492
			Exports				35	34	42	111	39	39	41	119	40	43	42	125	42	40	37	119		474
			Imports				234	213	268	715	224	245	259	728	253	279	241	773	271	252	227	750		2966
		of which: Other					-2	-2	4	0	-4	0	-2	-6	-6	3	4	1	1	1	2	4		-1
			Exports				12	12	18	42	10	13	9	32	10	14	16	40	15	16	14	45		159
			Imports				14	14	14	42	14	13	11	38	16	11	12	39	14	15	12	41		160
	Travel						169	108	122	399	148	271	216	635	231	164	54	449	179	318	289	786		2269
		Exports					271	200	223	694	235	370	312	917	332	270	146	748	292	432	418	1142		3501
		Imports					102	92	101	295	87	99	96	282	101	106	92	299	113	114	129	356		1232
	Communication  services						41	44	50	135	49	42	44	135	31	36	35	102	35	31	39	105		477
		Exports					51	49	58	158	56	53	54	163	38	45	40	123	41	43	47	131		575
		Imports					10	5	8	23	7	11	10	28	7	9	5	21	6	12	8	26		98
	Construction  services						3	5	6	-833	2	5	4	-833	6	2	4	-833	3	5	9	-833		54
		Exports					3	6	7	-833	3	5	4	-833	9	7	4	-833	6	6	9	-833		69
		Imports					0	1	1	-833	1	0	0	-833	3	5	0	-833	3	1	0	-833		15
	Insurance  services						-17	-14	-21	-52	-17	-15	-20	-52	-19	-19	-14	-52	-19	-19	-15	-53		-209
		Exports					1	2	0	3	1	4	1	6	1	2	3	6	2	1	3	6		21
		Imports					18	16	21	55	18	19	21	58	20	21	17	58	21	20	18	59		230
	Financial  services						-25	-2	-15	-42	6	2	3	11	1	3	-3	1	9	-6	3	6		-24
		Exports					8	3	9	20	11	7	8	26	5	8	5	18	19	5	13	37		101
		Imports					33	5	24	62	5	5	5	15	4	5	8	17	10	11	10	31		125
	Computer and Information  services						5	5	3	13	0	2	0	2	1	2	3	6	0	2	5	7		28
		Exports					11	9	13	33	6	7	7	20	7	7	7	21	6	6	9	21		95
		Imports					6	4	10	20	6	5	7	18	6	5	4	15	6	4	4	14		67
	Royalties and license fees						-25	-22	-23	-70	-17	-25	-17	-59	-32	-24	-21	-77	-58	-42	-37	-137		-343
		Exports					1	0	0	1	1	1	0	2	1	1	0	2	1	0	0	1		6
		Imports					26	22	23	71	18	26	17	61	33	25	21	79	59	42	37	138		349
	Other business services						23	2	26	51	32	17	19	68	18	17	17	52	31	8	53	92		263
		Exports					77	56	82	215	69	70	83	222	70	63	68	201	87	69	104	260		898
		Imports					54	54	56	164	37	53	64	154	52	46	51	149	56	61	51	168		635
		Merchanting and other trade-related services					2	1	3	6	2	3	2	7	4	1	1	6	1	2	2	5		24
			Exports				2	1	3	6	2	3	2	7	4	1	1	6	1	2	2	5		24
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-5	-6	-6	-17	-4	-4	-1	-9	-5	-3	-8	-16	-6	-5	-8	-19		-61
			Exports				1	0	1	2	1	1	4	6	0	1	0	1	0	0	0	0		9
			Imports				6	6	7	19	5	5	5	15	5	4	8	17	6	5	8	19		70
	and technical services	Misc. business, professional					26	7	29	62	34	18	18	70	19	19	24	62	36	11	59	106		300
			and technical services
			Exports				74	55	78	207	66	66	77	209	66	61	67	194	86	67	102	255		865
			Imports				48	48	49	145	32	48	59	139	47	42	43	132	50	56	43	149		565
	Personal, cultural and recreational services						6	1	2	9	1	0	2	3	1	1	2	4	0	1	2	3		19
		Exports					7	1	3	11	2	0	2	4	1	1	2	4	1	3	4	8		27
		Imports					1	0	1	2	1	0	0	1	0	0	0	0	1	2	2	5		8
		Audio-Visual and related services					6	1	3	10	1	0	1	2	1	1	2	4	0	1	2	3		19
			Exports				7	1	3	11	2	0	1	3	1	1	2	4	1	2	3	6		24
			Imports				1	0	0	1	1	0	0	1	0	0	0	0	1	1	1	3		5
		Other personal, cultural and					0	0	-1	-1	0	0	1	1	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	1	1	2		3
			Imports				0	0	1	1	0	0	0	0	0	0	0	0	0	1	1	2		3
	Government services, n.i.e.						-8	-8	-8	-24	-8	-8	-8	-24	-8	-8	-8	-24	-8	-8	-8	-24		-96
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				8	8	8	24	8	8	8	24	8	8	8	24	8	8	8	24		96
4	INCOME
	in million U.S. dollars
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	INCOME						-17	-104	-281	-402	-56	-58	4	-110	-147	-565	-9	-721	-4	-53	29	-28		-1261
		RECEIPTS					437	289	328	1054	333	361	375	1069	343	373	379	1095	359	410	401	1170		4388
		PAYMENTS					454	393	609	1456	389	419	371	1179	490	938	388	1816	363	463	372	1198		5649
	Compensation of emp. incl. border,						211	199	226	636	213	235	233	681	219	242	230	691	240	244	266	750		2758
		seasonal, and other workers
		Receipts					211	199	226	636	213	235	233	681	219	242	230	691	240	244	266	750		2758
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-228	-303	-507	-1038	-269	-293	-229	-791	-366	-807	-239	-1412	-244	-297	-237	-778		-4019
		Receipts					226	90	102	418	120	126	142	388	124	131	149	404	119	166	135	420		1630
		Payments					454	393	609	1456	389	419	371	1179	490	938	388	1816	363	463	372	1198		5649
		Direct Investment Income					-189	-66	-189	-444	-152	-157	-140	-449	-140	-506	-59	-705	-131	-126	-107	-364		-1962
			Receipts				2	1	1	4	11	5	17	33	5	8	0	13	1	2	0	3		53
			Payments				191	67	190	448	163	162	157	482	145	514	59	718	132	128	107	367		2015
			Income on Equity				-188	-65	-166	-419	-152	-154	-116	-422	-139	-505	-53	-697	-110	-124	-103	-337		-1875
				Receipts			2	1	1	4	11	5	17	33	5	8	0	13	1	2	0	3		53
				Payments			190	66	167	423	163	159	133	455	144	513	53	710	111	126	103	340		1928
				Dividends and distributed			-141	-26	-132	-299	-107	-107	-70	-284	-94	-459	-4	-557	-62	-81	-107	-250		-1390
					branch profits																			0
					Receipts		2	1	1	4	11	5	17	33	5	8	0	13	1	2	0	3		53
					Payments		143	27	133	303	118	112	87	317	99	467	4	570	63	83	107	253		1443
				Reinvested earnings and			-47	-39	-34	-120	-45	-47	-46	-138	-45	-46	-49	-140	-48	-43	4	-87		-485
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		47	39	34	120	45	47	46	138	45	46	49	140	48	43	-4	87		485
			Income on debt (interest)				-1	-1	-23	-25	0	-3	-24	-27	-1	-1	-6	-8	-21	-2	-4	-27		-87
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			1	1	23	25	0	3	24	27	1	1	6	8	21	2	4	27		87
		Portfolio  Investment Income					13	-156	-211	-354	-57	-79	-15	-151	-158	-229	-105	-492	-37	38	-57	-56		-1053
			Receipts				147	46	54	247	45	39	56	140	57	58	82	197	54	101	63	218		802
			Payments				134	202	265	601	102	118	71	291	215	287	187	689	91	63	120	274		1855
			Income on Equity (dividends)				-3	-12	-66	-81	-5	-51	-24	-80	-26	-141	-4	-171	-5	-11	-43	-59		-391
				Receipts			0	0	0	0	0	0	0	0	0	0	2	2	0	0	0	0		2
				Payments			3	12	66	81	5	51	24	80	26	141	6	173	5	11	43	59		393
				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	-1	0	-1	0	-6	0	-6	-1	0	-6	-7		-14
					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	6	0	6	1	0	6	7		14
				Other sectors			-3	-12	-66	-81	-5	-50	-24	-79	-26	-135	-4	-165	-4	-11	-37	-52		-377
					Receipts		0	0	0	0	0	0	0	0	0	0	2	2	0	0	0	0		2
					Payments		3	12	66	81	5	50	24	79	26	135	6	167	4	11	37	52		379
			Income on debt (interest)				16	-144	-145	-273	-52	-28	9	-71	-132	-88	-101	-321	-32	49	-14	3		-662
				Receipts			147	46	54	247	45	39	56	140	57	58	80	195	54	101	63	218		800
				Payments			131	190	199	520	97	67	47	211	189	146	181	516	86	52	77	215		1462
				Bonds and notes			14	-147	-148	-281	-54	-36	7	-83	-134	-91	-103	-328	-34	18	-14	-30		-722
					Receipts		145	43	51	239	43	31	54	128	55	55	78	188	52	70	63	185		740
					Payments		131	190	199	520	97	67	47	211	189	146	181	516	86	52	77	215		1462
					Monetary authorities		139	37	44	220	38	25	35	98	43	41	35	119	45	40	40	125		562
						Receipts	139	37	44	220	40	26	40	106	43	41	35	119	45	42	44	131		576
						Payments	0	0	0	0	2	1	5	8	0	0	0	0	0	2	4	6		14
					General government		-124	-170	-149	-443	-62	-17	-2	-81	-167	-125	-145	-437	-58	-9	-43	-110		-1071
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	124	170	149	443	62	17	2	81	167	125	145	437	58	9	43	110		1071
					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		-1	-14	-43	-58	-30	-44	-26	-100	-10	-7	7	-10	-21	-13	-11	-45		-213
					Receipts	Receipts	6	6	7	19	3	5	14	22	12	14	43	69	7	28	19	54		164
					Payments	Payments	7	20	50	77	33	49	40	122	22	21	36	79	28	41	30	99		377
				Money market instruments			2	3	3	8	2	8	2	12	2	3	2	7	2	31	0	33		60
				Receipts	Receipts		2	3	3	8	2	8	2	12	2	3	2	7	2	31	0	33		60
				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		2	3	3	8	2	8	2	12	2	3	2	7	2	31	0	33		60
				Receipts		Receipts	2	3	3	8	2	8	2	12	2	3	2	7	2	31	0	33		60
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Other investment Income					-52	-81	-107	-240	-60	-57	-74	-191	-68	-72	-75	-215	-76	-209	-73	-358		-1004
			Receipts				77	43	47	167	64	82	69	215	62	65	67	194	64	63	72	199		775
			Payments				129	124	154	407	124	139	143	406	130	137	142	409	140	272	145	557		1779
			Monetary authorities				22	16	20	58	17	27	28	72	20	18	26	64	23	23	29	75		269
				Receipts			29	21	23	73	32	35	28	95	28	31	31	90	31	30	29	90		348
				Payments			7	5	3	15	15	8	0	23	8	13	5	26	8	7	0	15		79
			General government				-24	-52	-43	-119	-20	-28	-41	-89	-24	-55	-45	-124	-23	-28	-41	-92		-424
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			24	52	43	119	20	28	41	89	24	55	45	124	23	28	41	92		424
			Banks				-23	-18	-57	-98	-16	-25	-16	-57	-16	-7	-28	-51	-31	-160	-28	-219		-425
				Receipts			19	17	18	54	24	35	30	89	28	29	32	89	25	25	28	78		310
				Payments			42	35	75	152	40	60	46	146	44	36	60	140	56	185	56	297		735
			Other sectors				-27	-27	-27	-81	-41	-31	-45	-117	-48	-28	-28	-104	-45	-44	-33	-122		-424
				Receipts			29	5	6	40	8	12	11	31	6	5	4	15	8	8	15	31		117
				Payments			56	32	33	121	49	43	56	148	54	33	32	119	53	52	48	153		541
5	CURRENT TRANSFERS
	in million U.S. dollars
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	CURRENT TRANSFERS						953	891	1067	2911	917	1195	1144	3256	1092	1132	1049	3273	1222	1178	1357	3757		13197
		RECEIPTS					975	914	1091	2980	942	1219	1174	3335	1115	1154	1073	3342	1247	1212	1395	3854		13511
		PAYMENTS					22	23	24	69	25	24	30	79	23	22	24	69	25	34	38	97		314
		General government					20	26	27	73	26	33	27	86	29	23	28	80	25	26	23	74		313
			Receipts				28	34	35	97	36	43	37	116	38	34	38	110	32	36	33	101		424
			Payments				8	8	8	24	10	10	10	30	9	11	10	30	7	10	10	27		111
		Other sectors					933	865	1040	2838	891	1162	1117	3170	1063	1109	1021	3193	1197	1152	1334	3683		12884
			Receipts				947	880	1056	2883	906	1176	1137	3219	1077	1120	1035	3232	1215	1176	1362	3753		13087
			Payments				14	15	16	45	15	14	20	49	14	11	14	39	18	24	28	70		203
			Workers' remittances				886	837	1007	2730	864	1126	1084	3074	1031	1062	983	3076	1173	1122	1306	3601		12481
				Receipts			886	837	1007	2730	864	1126	1084	3074	1031	1062	983	3076	1173	1122	1306	3601		12481
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				47	28	33	108	27	36	33	96	32	47	38	117	24	30	28	82		403
				Receipts			61	43	49		42	50	53		46	58	52		42	54	56			606
				Payments			14	15	16		15	14	20		14	11	14		18	24	28			203
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	CAPITAL ACCOUNT						96	4	3	103	2	5	5	12	-1	7	3	9	3	4	7	14		138
		RECEIPTS					98	8	6	112	6	7	7	20	8	13	7	28	6	7	8	21		181
		PAYMENTS					2	4	3	9	4	2	2	8	9	6	4	19	3	3	1	7		43
		Capital transfers					96	4	3	103	2	5	5	12	-1	7	3	9	3	4	7	14		138
			Receipts				98	8	6	112	6	7	7	20	8	13	7	28	6	7	8	21		181
			Payments				2	4	3	9	4	2	2	8	9	6	4	19	3	3	1	7		43
			General government				5	5	5	15	5	5	5	15	6	5	5	16	5	5	5	15		61
				Receipts			5	5	5	15	5	5	5	15	6	5	5	16	5	5	5	15		61
				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	5	5	5	15	6	5	5	16	5	5	5	15		61
					Receipts		5	5	5	15	5	5	5	15	6	5	5	16	5	5	5	15		61
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				91	-1	-2	88	-3	0	0	-3	-7	2	-2	-7	-2	-1	2	-1		77
				Receipts			93	3	1	97	1	2	2	5	2	8	2	12	1	2	3	6		120
				Payments			2	4	3	9	4	2	2	8	9	6	4	19	3	3	1	7		43
				Migrants transfers			-2	1	-1	-2	-1	1	0	0	-1	0	-2	-3	-3	-1	1	-3		-8
					Receipts		0	2	1	3	1	1	2	4	1	1	0	2	0	1	2	3		12
					Payments		2	1	2	5	2	0	2	4	2	1	2	5	3	2	1	6		20
				Debt  forgiveness			91	0	0	91	0	0	0	0	0	0	0	0	0	0	0	0		91
					Receipts		91	0	0	91	0	0	0	0	0	0	0	0	0	0	0	0		91
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Other			2	-2	-1	-1	-2	-1	0	-3	-6	2	0	-4	1	0	1	2		-6
					Receipts		2	1	0	3	0	1	0	1	1	7	2	10	1	1	1	3		17
					Payments		0	3	1	4	2	2	0	4	7	5	2	14	0	1	0	1		23
		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
							2006																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2006
	DIRECT INVESTMENT						323	73	-11	385	106	298	243	647	-91	1122	185	1216	369	52	149	570		2818
		ASSETS :  Residents' Investments Abroad					1	38	-7	32	3	-5	-1	-3	39	-1	24	62	1	5	6	12		103
		Equity  capital					1	38	-7	32	3	-5	-1	-3	39	-1	24	62	1	5	6	12		103
			Claims on affiliated enterprises				1	38	-7	32	3	-5	-1	-3	39	-1	24	62	1	5	6	12		103
				Placements			2	41	1	44	5	2	2	9	43	4	26	73	2	6	6	14		140
				Withdrawals			1	3	8	12	2	7	3	12	4	5	2	11	1	1	0	2		37
			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					324	111	-18	417	109	293	242	644	-52	1121	209	1278	370	57	155	582		2921
			in the Philippines
		Equity  capital					122	62	75	259	251	46	100	397	-186	215	444	473	135	25	35	195		1324
			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				122	62	75	259	251