1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	CURRENT ACCOUNT						524	687	684	1895	648	685	516	1849	421	66	841	1328	1116	37	887	2040		7112
	(Totals as percent of GNI) r									5.6				4.9				3.5				4.3		3.8
	(Totals as percent of GDP) r									6.1				5.4				3.8				4.6		4.8
	Goods  and  Services						-250	-173	-243	-666	-554	-564	-643	-1761	-664	-888	-344	-1896	-363	-1086	-370	-1819		-6142
		(Totals as percent of GNI) r								-2.0				-4.7				-4.9				-3.8		-3.3
		(Totals as percent of GDP) r								-2.1				-5.1				-5.4				-4.1		-4.1
		Export					4546	4388	5210	14144	4805	4790	4839	14434	5151	4832	5078	15061	5506	4748	5385	15639		59278
		Import					4796	4561	5453	14810	5359	5354	5482	16195	5815	5720	5422	16957	5869	5834	5755	17458		65420
		Goods					-320	-402	-428	-1150	-715	-683	-711	-2109	-992	-1033	-498	-2523	-606	-1306	-697	-2609		-8391
		(Totals as percent of GNI) r								-3.4				-5.6				-6.6				-5.5		-4.5
		(Totals as percent of GDP) r								-3.7				-6.1				-7.2				-5.9		-5.6
			Credit: Exports				3903	3652	4393	11948	4060	4067	4094	12221	4175	4067	4313	12555	4577	3900	4311	12788		49512
			Debit:   Imports				4223	4054	4821	13098	4775	4750	4805	14330	5167	5100	4811	15078	5183	5206	5008	15397		57903
		Services					70	229	185	484	161	119	68	348	328	145	154	627	243	220	327	790		2249
			Credit: Exports				643	736	817	2196	745	723	745	2213	976	765	765	2506	929	848	1074	2851		9766
			Debit:   Imports				573	507	632	1712	584	604	677	1865	648	620	611	1879	686	628	747	2061		7517
	Income						-310	-225	-362	-897	33	56	59	148	34	-209	88	-87	127	-77	-113	-63		-899
		Credit:   Receipts					378	358	425	1161	386	449	421	1256	463	510	525	1498	544	443	449	1436		5351
		Debit:     Payments					688	583	787	2058	353	393	362	1108	429	719	437	1585	417	520	562	1499		6250
	Current  Transfers						1084	1085	1289	3458	1169	1193	1100	3462	1051	1163	1097	3311	1352	1200	1370	3922		14153
		Credit:   Receipts					1110	1110	1316	3536	1203	1228	1141	3572	1074	1206	1132	3412	1395	1222	1436	4053		14573
		Debit:     Payments					26	25	27	78	34	35	41	110	23	43	35	101	43	22	66	131		420
	CAPITAL  AND  FINANCIAL  ACCOUNT						970	928	-940	958	107	321	-819	-391	1211	1959	-67	3103	600	-219	-524	-143		3527
	Capital  Account						4	5	6	15	6	8	-35	-21	8	4	6	18	4	4	4	12		24
		Credit:    Receipts					9	10	9	28	8	11	10	29	12	10	8	30	7	7	7	21		108
		Debit:      Payments					5	5	3	13	2	3	45	50	4	6	2	12	3	3	3	9		84
	Financial  Account						966	923	-946	943	101	313	-784	-370	1203	1955	-73	3085	596	-223	-528	-155		3503
		Direct Investment					115	1209	174	1498	63	749	-3608	-2796	412	51	-29	434	86	82	76	244		-620
			Debit: Assets, Residents'  Investments Abroad				69	25	28	122	13	17	3246	3276	45	17	29	91	-1	32	16	47		3536
			Credit: Liabilities, Non-Residents'				184	1234	202	1620	76	766	-362	480	457	68	0	525	85	114	92	291		2916
				Investments in the Phil.
		Portfolio Investment					1036	-366	-62	608	719	543	426	1688	1365	204	99	1668	652	192	-185	659		4623
			Debit: Assets, Residents'  Investments Abroad				39	701	364	1104	-1050	322	186	-542	227	-531	-431	-735	-360	27	-328	-661		-834
			Credit: Liabilities, Non-Residents'				1075	335	302	1712	-331	865	612	1146	1592	-327	-332	933	292	219	-513	-2		3789
				Investments in the Phil.
		Financial Derivatives					-15	-38	-7	-60	-17	-43	-30	-90	-23	5	0	-18	-27	-47	-46	-120		-288
			Debit: Assets, Residents'  Investments Abroad				-11	-10	-9	-30	-4	-2	-5	-11	-5	-33	-18	-56	-14	-7	-52	-73		-170
			Credit: Liabilities, Non-Residents'				-26	-48	-16	-90	-21	-45	-35	-101	-28	-28	-18	-74	-41	-54	-98	-193		-458
				Investments in the Phil.
		Other Investment					-170	118	-1051	-1103	-664	-936	2428	828	-551	1695	-143	1001	-115	-450	-373	-938		-212
			Debit: Assets, Residents'  Investments Abroad				-53	28	986	961	214	1594	556	2364	1209	-2033	799	-25	925	819	-204	1540		4840
			Credit: Liabilities, Non-Residents'				-223	146	-65	-142	-450	658	2984	3192	658	-338	656	976	810	369	-577	602		4628
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						-764	-1034	398	-1400	-482	-369	1127	276	-262	194	-859	-927	-537	150	356	-31		-2082
	OVERALL BOP POSITION						730	581	142	1453	273	637	824	1734	1370	2219	-85	3504	1179	-32	719	1866		8557
	(Totals as percent of GNI) r									4.3				4.6				9.1				3.9		4.6
	(Totals as percent of GDP) r									4.6				5.0				10.0				4.2		5.7
	Debit: Change in Reserve Assets						735	585	145	1465	276	631	809	1716	1374	2224	-79	3519	1183	-37	704	1850		8550
	Credit: Change in Reserve Liabilities						5	4	3	12	3	-6	-15	-18	4	5	6	15	4	-5	-15	-16		-7
		Use of Fund Credits					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Short-term					5	4	3	12	3	-6	-15	-18	4	5	6	15	4	-5	-15	-16		-7
	Memo Items:
		Change in Commercial Banks' (KBs)					153	-1121	-1100	-2068	350	-324	-709	-683	-217	2044	-121	1706	564	-545	1	20		-1025
			Net Foreign Assets (NFA)
		OFW Cash Remittances					1138	1123	1351	3612	1233	1280	1155	3668	1135	1249	1180	3564	1437	1229	1446	4112		14956
			of which channeled thru the banking system				1099	1085	1305	3489	1192	1237	1116	3545	1097	1207	1140	3444	1388	1187	1397	3972		14450
		Basic Balance					769	2203	1201	4173	168	1141	-233	1076	859	-62	1186	1983	1134	-96	582	1620		8852
		Net Unclassified Items as Percent of total Trade					-9.4	-13.4	4.3	-5.6	-5.5	-4.2	12.7	1.0	-2.8	2.1	-9.4	-3.4	-5.5	1.6	3.8	-0.1		-1.9
	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
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	GOODS						-320	-402	-428	-1150	-715	-683	-711	-2109	-992	-1033	-498	-2523	-606	-1306	-697	-2609		-8391
		EXPORTS					3903	3652	4393	11948	4060	4067	4094	12221	4175	4067	4313	12555	4577	3900	4311	12788		49512
		IMPORTS					4223	4054	4821	13098	4775	4750	4805	14330	5167	5100	4811	15078	5183	5206	5008	15397		57903
	General Merchandise						-473	-558	-668	-1699	-866	-854	-840	-2560	-1160	-1176	-645	-2981	-880	-1418	-884	-3182		-10422
		General Merchandise Exports, fob					2561	2395	2695	7651	2784	2634	2853	8271	2924	2763	2961	8648	3093	2766	3156	9015		33585
			Exports of goods in trade statistics, fob				3992	3721	4487	12200	4124	4128	4147	12399	4249	4121	4389	12759	4660	3965	4482	13107		50465
			Adjustments				-1431	-1326	-1792	-4549	-1340	-1494	-1294	-4128	-1325	-1358	-1428	-4111	-1567	-1199	-1326	-4092		-16880
					For  Coverage		-89	-69	-94	-252	-64	-61	-53	-178	-74	-54	-76	-204	-83	-65	-171	-319		-953
					For  Classification		-1342	-1257	-1698	-4297	-1276	-1433	-1241	-3950	-1251	-1304	-1352	-3907	-1484	-1134	-1155	-3773		-15927
					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					3034	2953	3363	9350	3650	3488	3693	10831	4084	3939	3606	11629	3973	4184	4040	12197		44007
			Imports of goods in trade statistics, fob				3904	3690	4567	12161	4343	4296	4707	13346	5042	4987	4744	14773	5151	5084	5001	15236		55516
			Adjustments				-870	-737	-1204	-2811	-693	-808	-1014	-2515	-958	-1048	-1138	-3144	-1178	-900	-961	-3039		-11509
					For  Coverage		0	53	13	66	51	41	35	127	45	40	6	91	-28	67	-60	-21		263
					For  Classification		-1189	-1101	-1458	-3748	-1125	-1262	-1112	-3499	-1083	-1161	-1205	-3449	-1210	-1022	-968	-3200		-13896
					For  Valuation		319	311	241	871	381	413	63	857	80	73	61	214	60	55	67	182		2124
					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)						158	160	254	572	137	154	132	423	178	159	163	500	272	91	169	532		2027
		Exports					1316	1232	1664	4212	1229	1375	1204	3808	1219	1273	1321	3813	1436	1074	1086	3596		15429
		Imports					1158	1072	1410	3640	1092	1221	1072	3385	1041	1114	1158	3313	1164	983	917	3064		13402
		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					158	160	254	572	137	154	132	423	178	159	163	500	272	91	169	532		2027
			Exports				1316	1232	1664	4212	1229	1375	1204	3808	1219	1273	1321	3813	1436	1074	1086	3596		15429
			Imports				1158	1072	1410	3640	1092	1221	1072	3385	1041	1114	1158	3313	1164	983	917	3064		13402
	Repairs on goods:						-4	-4	-4	-12	-4	-4	-4	-12	-4	-4	-4	-12	-4	-2	-2	-8		-44
		Exports					1	1	1	3	1	1	1	3	1	1	1	3	1	1	1	3		12
		Imports					5	5	5	15	5	5	5	15	5	5	5	15	5	3	3	11		56
	Goods procured in ports by  carriers						-8	-8	-30	-46	-9	-15	-16	-40	-15	-20	-26	-61	-21	-25	-24	-70		-217
		Exports					18	16	13	47	19	21	19	59	22	22	16	60	20	11	24	55		221
		Imports					26	24	43	93	28	36	35	99	37	42	42	121	41	36	48	125		438
	Nonmonetary  Gold						7	8	20	35	27	36	17	80	9	8	14	31	27	48	44	119		265
		Exports					7	8	20	35	27	36	17	80	9	8	14	31	27	48	44	119		265
		Imports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Held as a store of value  (Gold Bullion)					2	2	14	18	21	29	11	61	3	2	3	8	21	36	30	87		174
			Exports				2	2	14	18	21	29	11	61	3	2	3	8	21	36	30	87		174
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					5	6	6	17	6	7	6	19	6	6	11	23	6	12	14	32		91
			Exports				5	6	6	17	6	7	6	19	6	6	11	23	6	12	14	32		91
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
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
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	SERVICES						70	229	185	484	161	119	68	348	328	145	154	627	243	220	327	790		2249
		EXPORTS					643	736	817	2196	745	723	745	2213	976	765	765	2506	929	848	1074	2851		9766
		IMPORTS					573	507	632	1712	584	604	677	1865	648	620	611	1879	686	628	747	2061		7517
	Transportation						-183	-190	-180	-553	-201	-212	-228	-641	-219	-224	-214	-657	-228	-237	-205	-670		-2521
		Exports					104	88	139	331	119	111	99	329	115	105	98	318	114	101	130	345		1323
		Imports					287	278	319	884	320	323	327	970	334	329	312	975	342	338	335	1015		3844
		of which: Passenger					12	5	39	56	20	16	3	39	26	20	7	53	19	5	23	47		195
			Exports				42	35	69	146	56	52	39	147	55	49	36	140	53	41	60	154		587
			Imports				30	30	30	90	36	36	36	108	29	29	29	87	34	36	37	107		392
		of which: Freight					-198	-194	-225	-617	-223	-227	-232	-682	-245	-243	-222	-710	-232	-242	-229	-703		-2712
			Exports				40	37	45	122	41	41	41	123	42	41	44	127	46	40	45	131		503
			Imports				238	231	270	739	264	268	273	805	287	284	266	837	278	282	274	834		3215
		of which: Other					3	-1	6	8	2	-1	1	2	0	-1	1	0	-15	0	1	-14		-4
			Exports				22	16	25	63	22	18	19	59	18	15	18	51	15	20	25	60		233
			Imports				19	17	19	55	20	19	18	57	18	16	17	51	30	20	24	74		237
	Travel						202	319	279	800	264	231	236	731	458	203	185	846	260	306	327	893		3270
		Exports					320	430	411	1161	388	382	370	1140	606	341	330	1277	427	428	500	1355		4933
		Imports					118	111	132	361	124	151	134	409	148	138	145	431	167	122	173	462		1663
	Communication  services						26	36	49	111	29	31	39	99	44	42	40	126	32	31	19	82		418
		Exports					33	43	56	132	35	39	47	121	52	51	48	151	44	37	32	113		517
		Imports					7	7	7	21	6	8	8	22	8	9	8	25	12	6	13	31		99
	Construction  services						-1	4	5	-833	9	9	7	-833	3	11	18	-833	7	6	14	-833		92
		Exports					3	5	7	-833	11	10	9	-833	7	11	19	-833	8	7	16	-833		113
		Imports					4	1	2	-833	2	1	2	-833	4	0	1	-833	1	1	2	-833		21
	Insurance  services						-18	-16	-19	-53	-18	-20	-18	-56	-21	-21	-18	-60	-20	-21	-19	-60		-229
		Exports					1	3	2	6	1	2	2	5	1	1	2	4	3	2	2	7		22
		Imports					19	19	21	59	19	22	20	61	22	22	20	64	23	23	21	67		251
	Financial  services						-29	4	-11	-36	0	-3	-70	-73	-1	2	-3	-2	-5	-5	-2	-12		-123
		Exports					8	8	8	24	6	7	6	19	8	11	9	28	2	2	12	16		87
		Imports					37	4	19	60	6	10	76	92	9	9	12	30	7	7	14	28		210
	Computer and Information  services						25	18	18	61	17	13	13	43	15	14	23	52	27	27	33	87		243
		Exports					31	23	23	77	19	19	19	57	19	19	27	65	34	34	38	106		305
		Imports					6	5	5	16	2	6	6	14	4	5	4	13	7	7	5	19		62
	Royalties and license fees						-27	-13	-25	-65	-35	-28	-22	-85	-32	-32	-39	-103	-47	-37	-43	-127		-380
		Exports					1	1	0	2	1	0	0	1	0	1	0	1	0	0	1	1		5
		Imports					28	14	25	67	36	28	22	86	32	33	39	104	47	37	44	128		385
	Other business services						86	78	81	245	107	109	119	335	89	159	173	421	228	162	214	604		1605
		Exports					141	133	169	443	165	153	191	509	160	223	231	614	296	236	341	873		2439
		Imports					55	55	88	198	58	44	72	174	71	64	58	193	68	74	127	269		834
		Merchanting and other trade-related services					1	1	1	3	2	1	1	4	1	3	2	6	1	1	3	5		18
			Exports				1	1	1	3	2	1	1	4	1	3	2	6	1	1	3	5		18
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-6	-5	-9	-20	-6	-6	-5	-17	-5	-8	-3	-16	-7	-7	-19	-33		-86
			Exports				1	0	0	1	0	1	2	3	2	1	0	3	1	1	1	3		10
			Imports				7	5	9	21	6	7	7	20	7	9	3	19	8	8	20	36		96
	and technical services	Misc. business, professional					91	82	89	262	111	114	123	348	93	164	174	431	234	168	230	632		1673
			and technical services
			Exports				139	132	168	439	163	151	188	502	157	219	229	605	294	234	337	865		2411
			Imports				48	50	79	177	52	37	65	154	64	55	55	174	60	66	107	233		738
	Personal, cultural and recreational services						0	0	-1	-1	0	-1	2	1	3	1	-1	3	0	-2	-1	-3		0
		Exports					1	2	2	5	0	0	2	2	8	2	1	11	1	1	2	4		22
		Imports					1	2	3	6	0	1	0	1	5	1	2	8	1	3	3	7		22
		Audio-Visual and related services					0	0	-1	-1	0	-1	1	0	6	0	0	6	0	-2	-1	-3		2
			Exports				1	1	1	3	0	0	1	1	7	1	1	9	1	0	1	2		15
			Imports				1	1	2	4	0	1	0	1	1	1	1	3	1	2	2	5		13
		Other personal, cultural and					0	0	0	0	0	0	1	1	-3	1	-1	-3	0	0	0	0		-2
			recreational services																					0
			Exports				0	1	1	2	0	0	1	1	1	1	0	2	0	1	1	2		7
			Imports				0	1	1	2	0	0	0	0	4	0	1	5	0	1	1	2		9
	Government services, n.i.e.						-11	-11	-11	-33	-11	-10	-10	-31	-11	-10	-10	-31	-11	-10	-10	-31		-126
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				11	11	11	33	11	10	10	31	11	10	10	31	11	10	10	31		126
4	INCOME
	in million U.S. dollars
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	INCOME						-310	-225	-362	-897	33	56	59	148	34	-209	88	-87	127	-77	-113	-63		-899
		RECEIPTS					378	358	425	1161	386	449	421	1256	463	510	525	1498	544	443	449	1436		5351
		PAYMENTS					688	583	787	2058	353	393	362	1108	429	719	437	1585	417	520	562	1499		6250
	Compensation of emp. incl. border,						229	223	268	720	242	282	236	760	256	274	252	782	289	228	251	768		3030
		seasonal, and other workers
		Receipts					229	223	268	720	242	282	236	760	256	274	252	782	289	228	251	768		3030
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-539	-448	-630	-1617	-209	-226	-177	-612	-222	-483	-164	-869	-162	-305	-364	-831		-3929
		Receipts					149	135	157	441	144	167	185	496	207	236	273	716	255	215	198	668		2321
		Payments					688	583	787	2058	353	393	362	1108	429	719	437	1585	417	520	562	1499		6250
		Direct Investment Income					-317	-185	-263	-765	-109	-122	-139	-370	-62	-120	-79	-261	-173	-293	-223	-689		-2085
			Receipts				9	1	0	10	1	4	1	6	3	0	1	4	25	0	3	28		48
			Payments				326	186	263	775	110	126	140	376	65	120	80	265	198	293	226	717		2133
			Income on Equity				-291	-179	-234	-704	-103	-116	-121	-340	-42	-118	-74	-234	-155	-291	-190	-636		-1914
				Receipts			9	0	0	9	0	4	1	5	3	0	1	4	23	0	3	26		44
				Payments			300	179	234	713	103	120	122	345	45	118	75	238	178	291	193	662		1958
				Dividends and distributed			-176	-69	-116	-361	-87	-83	-97	-267	-46	-117	-79	-242	-92	-216	-116	-424		-1294
					branch profits																			0
					Receipts		9	0	0	9	0	4	1	5	3	0	1	4	23	0	3	26		44
					Payments		185	69	116	370	87	87	98	272	49	117	80	246	115	216	119	450		1338
				Reinvested earnings and			-115	-110	-118	-343	-16	-33	-24	-73	4	-1	5	8	-63	-75	-74	-212		-620
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		115	110	118	343	16	33	24	73	-4	1	-5	-8	63	75	74	212		620
			Income on debt (interest)				-26	-6	-29	-61	-6	-6	-18	-30	-20	-2	-5	-27	-18	-2	-33	-53		-171
				Receipts			0	1	0	1	1	0	0	1	0	0	0	0	2	0	0	2		4
				Payments			26	7	29	62	7	6	18	31	20	2	5	27	20	2	33	55		175
		Portfolio  Investment Income					-163	-151	-289	-603	-45	-27	24	-48	-144	-302	-25	-471	45	49	62	156		-966
			Receipts				67	78	82	227	76	101	107	284	115	151	181	447	148	140	113	401		1359
			Payments				230	229	371	830	121	128	83	332	259	453	206	918	103	91	51	245		2325
			Income on Equity (dividends)				-13	-25	-131	-169	-11	-76	-37	-124	-27	-290	0	-317	-15	-40	0	-55		-665
				Receipts			0	0	0	0	0	0	0	0	0	7	0	7	0	0	0	0		7
				Payments			13	25	131	169	11	76	37	124	27	297	0	324	15	40	0	55		672
				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			-6	-1	0	-7	0	0	-9	-9	-3	0	0	-3	-9	-2	0	-11		-30
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		6	1	0	7	0	0	9	9	3	0	0	3	9	2	0	11		30
				Other sectors			-7	-24	-131	-162	-11	-76	-28	-115	-24	-290	0	-314	-6	-38	0	-44		-635
					Receipts		0	0	0	0	0	0	0	0	0	7	0	7	0	0	0	0		7
					Payments		7	24	131	162	11	76	28	115	24	297	0	321	6	38	0	44		642
			Income on debt (interest)				-150	-126	-158	-434	-34	49	61	76	-117	-12	-25	-154	60	89	62	211		-301
				Receipts			67	78	82	227	76	101	107	284	115	144	181	440	148	140	113	401		1352
				Payments			217	204	240	661	110	52	46	208	232	156	206	594	88	51	51	190		1653
				Bonds and notes			-150	-127	-160	-437	-34	48	60	74	-118	-13	-25	-156	59	89	57	205		-314
					Receipts		67	77	80	224	76	100	106	282	114	143	181	438	147	140	107	394		1338
					Payments		217	204	240	661	110	52	46	208	232	156	206	594	88	51	50	189		1652
					Monetary authorities		46	49	45	140	62	52	49	163	60	61	64	185	68	52	73	193		681
						Receipts	46	49	45	140	62	55	55	172	60	61	64	185	68	56	80	204		701
						Payments	0	0	0	0	0	3	6	9	0	0	0	0	0	4	7	11		20
					General government		-189	-177	-182	-548	-56	-1	-2	-59	-198	-120	-150	-468	-50	0	-3	-53		-1128
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	189	177	182	548	56	1	2	59	198	120	150	468	50	0	3	53		1128
					Banks		0	0	-5	-5	-9	-5	-10	-24	-9	-8	-5	-22	-9	-5	-10	-24		-75
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	0	0	5	5	9	5	10	24	9	8	5	22	9	5	10	24		75
					Other sectors		-7	1	-18	-24	-31	2	23	-6	29	54	66	149	50	42	-3	89		208
					Receipts	Receipts	21	28	35	84	14	45	51	110	54	82	117	253	79	84	27	190		637
					Payments	Payments	28	27	53	108	45	43	28	116	25	28	51	104	29	42	30	101		429
				Money market instruments			0	1	2	3	0	1	1	2	1	1	0	2	1	0	5	6		13
				Receipts	Receipts		0	1	2	3	0	1	1	2	1	1	0	2	1	0	6	7		14
				Payments	Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1		1
				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		0	1	2	3	0	1	1	2	1	1	0	2	1	0	5	6		13
				Receipts		Receipts	0	1	2	3	0	1	1	2	1	1	0	2	1	0	6	7		14
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	1		1
		Other investment Income					-59	-112	-78	-249	-55	-77	-62	-194	-16	-61	-60	-137	-34	-61	-203	-298		-878
			Receipts				73	56	75	204	67	62	77	206	89	85	91	265	82	75	82	239		914
			Payments				132	168	153	453	122	139	139	400	105	146	151	402	116	136	285	537		1792
			Monetary authorities				29	20	24	73	24	28	29	81	36	40	42	118	42	40	41	123		395
				Receipts			29	23	28	80	27	30	29	86	36	42	42	120	42	42	41	125		411
				Payments			0	3	4	7	3	2	0	5	0	2	0	2	0	2	0	2		16
			General government				-20	-58	-43	-121	-20	-46	-36	-102	-22	-63	-43	-128	-24	-53	-40	-117		-468
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			20	58	43	121	20	46	36	102	22	63	43	128	24	53	40	117		468
			Banks				-34	-30	-21	-85	-6	-27	-18	-51	5	2	-24	-17	-9	-28	-62	-99		-252
				Receipts			36	29	41	106	35	28	37	100	48	37	36	121	35	25	22	82		409
				Payments			70	59	62	191	41	55	55	151	43	35	60	138	44	53	84	181		661
			Other sectors				-34	-44	-38	-116	-53	-32	-37	-122	-35	-40	-35	-110	-43	-20	-142	-205		-553
				Receipts			8	4	6	18	5	4	11	20	5	6	13	24	5	8	19	32		94
				Payments			42	48	44	134	58	36	48	142	40	46	48	134	48	28	161	237		647
5	CURRENT TRANSFERS
	in million U.S. dollars
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	CURRENT TRANSFERS						1084	1085	1289	3458	1169	1193	1100	3462	1051	1163	1097	3311	1352	1200	1370	3922		14153
		RECEIPTS					1110	1110	1316	3536	1203	1228	1141	3572	1074	1206	1132	3412	1395	1222	1436	4053		14573
		PAYMENTS					26	25	27	78	34	35	41	110	23	43	35	101	43	22	66	131		420
		General government					38	43	39	120	40	47	38	125	44	53	40	137	43	44	37	124		506
			Receipts				47	52	47	146	49	57	49	155	54	63	50	167	53	54	50	157		625
			Payments				9	9	8	26	9	10	11	30	10	10	10	30	10	10	13	33		119
		Other sectors					1046	1042	1250	3338	1129	1146	1062	3337	1007	1110	1057	3174	1309	1156	1333	3798		13647
			Receipts				1063	1058	1269	3390	1154	1171	1092	3417	1020	1143	1082	3245	1342	1168	1386	3896		13948
			Payments				17	16	19	52	25	25	30	80	13	33	25	71	33	12	53	98		301
			Workers' remittances				1010	999	1201	3210	1099	1117	1022	3238	985	1090	1035	3110	1276	1106	1315	3697		13255
				Receipts			1010	999	1201	3210	1099	1117	1022	3238	985	1090	1035	3110	1276	1106	1315	3697		13255
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				36	43	49	128	30	29	40	99	22	20	22	64	33	50	18	101		392
				Receipts			53	59	68		55	54	70		35	53	47		66	62	71			693
				Payments			17	16	19		25	25	30		13	33	25		33	12	53			301
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	CAPITAL ACCOUNT						4	5	6	15	6	8	-35	-21	8	4	6	18	4	4	4	12		24
		RECEIPTS					9	10	9	28	8	11	10	29	12	10	8	30	7	7	7	21		108
		PAYMENTS					5	5	3	13	2	3	45	50	4	6	2	12	3	3	3	9		84
		Capital transfers					4	5	6	15	6	8	7	21	8	4	6	18	4	4	4	12		66
			Receipts				9	10	9	28	8	11	10	29	12	10	8	30	7	7	7	21		108
			Payments				5	5	3	13	2	3	3	8	4	6	2	12	3	3	3	9		42
			General government				7	7	7	21	7	7	7	21	9	6	6	21	6	6	6	18		81
				Receipts			7	7	7	21	7	7	7	21	9	6	6	21	6	6	6	18		81
				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			7	7	7	21	7	7	7	21	9	6	6	21	6	6	6	18		81
					Receipts		7	7	7	21	7	7	7	21	9	6	6	21	6	6	6	18		81
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				-3	-2	-1	-6	-1	1	0	0	-1	-2	0	-3	-2	-2	-2	-6		-15
				Receipts			2	3	2	7	1	4	3	8	3	4	2	9	1	1	1	3		27
				Payments			5	5	3	13	2	3	3	8	4	6	2	12	3	3	3	9		42
				Migrants transfers			-3	-3	-2	-8	-2	0	-1	-3	-2	0	-1	-3	-1	-1	-2	-4		-18
					Receipts		1	2	1	4	0	3	2	5	2	2	1	5	1	1	1	3		17
					Payments		4	5	3	12	2	3	3	8	4	2	2	8	2	2	3	7		35
				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	1	1	2	1	1	1	3	1	-2	1	0	-1	-1	0	-2		3
					Receipts		1	1	1	3	1	1	1	3	1	2	1	4	0	0	0	0		10
					Payments		1	0	0	1	0	0	0	0	0	4	0	4	1	1	0	2		7
		Acquisition/disposal of nonproduced,					0	0	0	0	0	0	-42	-42	0	0	0	0	0	0	0	0		-42
			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	42	42	0	0	0	0	0	0	0	0		42
7	DIRECT INVESTMENT
	in million U.S. dollars
							2007																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2007
	DIRECT INVESTMENT						115	1209	174	1498	63	749	-3608	-2796	412	51	-29	434	86	82	76	244		-620
		ASSETS :  Residents' Investments Abroad					69	25	28	122	13	17	3246	3276	45	17	29	91	-1	32	16	47		3536
		Equity  capital					69	25	28	122	13	17	3246	3276	45	17	29	91	-1	32	16	47		3536
			Claims on affiliated enterprises				69	25	28	122	13	17	3246	3276	45	17	29	91	-1	32	16	47		3536
				Placements			71	26	30	127	13	17	3255	3285	46	17	30	93	11	32	16	59		3564
				Withdrawals			2	1	2	5	0	0	9	9	1	0	1	2	12	0	0	12		28
			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					184	1234	202	1620	76	766	-362	480	457	68	0	525	85	114	92	291		2916
			in the Philippines
		Equity  capital					-9	593	114	698	46	779	86	911	113	34	67	214	46	42	38	126		1949
			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				-9	593	114	698	46	779	86	911	113	34	67	214	46	42	38	126		1949