1	PHILIPPINES:  BALANCE OF PAYMENTS
	in million U.S. dollars
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	CURRENT ACCOUNT						300	569	142	1011	499	223	151	873	-514	-169	148	-535	637	628	1013	2278		3627
	(Totals as percent of GNI) r									1.9				1.6				-1.0				4.0		1.7
	(Totals as percent of GDP) r									2.4				2.0				-1.3				5.1		2.1
	Goods  and  Services						-808	-588	-919	-2315	-1084	-1265	-1262	-3611	-1823	-1128	-1142	-4093	-896	-508	-302	-1706		-11725
		(Totals as percent of GNI) r								-4.4				-6.4				-7.6				-3.0		-5.3
		(Totals as percent of GDP) r								-5.5				-8.1				-9.7				-3.8		-6.8
		Export					4888	4688	5066	14642	4989	4872	5345	15206	5351	5140	5052	15543	4818	4105	3656	12579		57970
		Import					5696	5276	5985	16957	6073	6137	6607	18817	7174	6268	6194	19636	5714	4613	3958	14285		69695
		Goods					-936	-633	-1195	-2764	-1117	-1217	-1379	-3713	-1923	-1229	-1042	-4194	-981	-438	-795	-2214		-12885
		(Totals as percent of GNI) r								-5.3				-6.6				-7.8				-3.9		-5.9
		(Totals as percent of GDP) r								-6.6				-8.3				-9.9				-5.0		-7.4
			Credit: Exports				4140	4042	4123	12305	4260	4154	4452	12866	4376	4335	4379	13090	3918	3446	2628	9992		48253
			Debit:   Imports				5076	4675	5318	15069	5377	5371	5831	16579	6299	5564	5421	17284	4899	3884	3423	12206		61138
		Services					128	45	276	449	33	-48	117	102	100	101	-100	101	85	-70	493	508		1160
			Credit: Exports				748	646	943	2337	729	718	893	2340	975	805	673	2453	900	659	1028	2587		9717
			Debit:   Imports				620	601	667	1888	696	766	776	2238	875	704	773	2352	815	729	535	2079		8557
	Income						-148	36	-242	-354	302	168	93	563	31	-226	109	-86	220	-183	-55	-18		105
		Credit:   Receipts					434	602	642	1678	599	465	509	1573	506	509	541	1556	498	300	368	1166		5973
		Debit:     Payments					582	566	884	2032	297	297	416	1010	475	735	432	1642	278	483	423	1184		5868
	Current  Transfers						1256	1121	1303	3680	1281	1320	1320	3921	1278	1185	1181	3644	1313	1319	1370	4002		15247
		Credit:   Receipts					1284	1149	1341	3774	1314	1376	1374	4064	1313	1248	1227	3788	1360	1351	1443	4154		15780
		Debit:     Payments					28	28	38	94	33	56	54	143	35	63	46	144	47	32	73	152		533
	CAPITAL  AND  FINANCIAL  ACCOUNT						-1059	1011	776	728	-38	811	-498	275	991	1297	-1473	815	-1186	200	-2481	-3467		-1649
	Capital  Account						8	7	6	21	3	3	3	9	8	6	4	18	2	0	3	5		53
		Credit:    Receipts					14	9	10	33	6	9	9	24	13	10	9	32	9	8	8	25		114
		Debit:      Payments					6	2	4	12	3	6	6	15	5	4	5	14	7	8	5	20		61
	Financial  Account						-1067	1004	770	707	-41	808	-501	266	983	1291	-1477	797	-1188	200	-2484	-3472		-1702
		Direct Investment					65	171	258	494	164	-7	120	277	301	30	234	565	-144	111	-18	-51		1285
			Debit: Assets, Residents'  Investments Abroad				21	11	-38	-6	46	18	13	77	38	57	8	103	33	31	21	85		259
			Credit: Liabilities, Non-Residents'				86	182	220	488	210	11	133	354	339	87	242	668	-111	142	3	34		1544
				Investments in the Phil.
		Portfolio Investment					-629	1371	259	1001	-241	31	-1366	-1576	-690	-151	-88	-929	-817	-971	-335	-2123		-3627
			Debit: Assets, Residents'  Investments Abroad				389	-545	-893	-1049	-679	-318	40	-957	1066	298	-286	1078	13	-117	243	139		-789
			Credit: Liabilities, Non-Residents'				-240	826	-634	-48	-920	-287	-1326	-2533	376	147	-374	149	-804	-1088	-92	-1984		-4416
				Investments in the Phil.
		Financial Derivatives					-44	-46	2	-88	6	26	29	61	-14	49	46	81	-132	-21	-14	-167		-113
			Debit: Assets, Residents'  Investments Abroad				-36	-20	-36	-92	-20	-38	-41	-99	-39	-60	-51	-150	-85	-73	-42	-200		-541
			Credit: Liabilities, Non-Residents'				-80	-66	-34	-180	-14	-12	-12	-38	-53	-11	-5	-69	-217	-94	-56	-367		-654
				Investments in the Phil.
		Other Investment					-459	-492	251	-700	30	758	716	1504	1386	1363	-1669	1080	-95	1081	-2117	-1131		753
			Debit: Assets, Residents'  Investments Abroad				1844	-1366	-2556	-2078	672	605	-870	407	-1296	-1296	570	-2022	279	-1451	560	-612		-4305
			Credit: Liabilities, Non-Residents'				1385	-1858	-2305	-2778	702	1363	-154	1911	90	67	-1099	-942	184	-370	-1557	-1743		-3552
				Investments in the Phil.
	NET UNCLASSIFIED ITEMS						1018	-531	-513	-26	-33	-993	99	-927	-335	-1182	843	-674	-646	-809	1193	-262		-1889
	OVERALL BOP POSITION						259	1049	405	1713	428	41	-248	221	142	-54	-482	-394	-1195	19	-275	-1451		89
	(Totals as percent of GNI) r									3.3				0.4				-0.7				-2.5		0.0
	(Totals as percent of GDP) r									4.1				0.5				-0.9				-3.2		0.1
	Debit: Change in Reserve Assets						263	1053	411	1727	434	36	236	706	146	151	-276	21	-588	19	-288	-857		1597
	Credit: Change in Reserve Liabilities						4	4	6	14	6	-5	484	485	4	205	206	415	607	0	-13	594		1508
		Use of Fund Credits					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Short-term					4	4	6	14	6	-5	484	485	4	205	206	415	607	0	-13	594		1508
	Memo Items:
		Change in Commercial Banks' (KBs)
			Net Foreign Assets (NFA)				-901	655	1696	1450	-269	327	412	470	403	1479	-519	1363	122	966	-1366	-278		3005
		OFW Cash Remittances					1308	1303	1478	4089	1460	1480	1502	4442	1415	1379	1380	4174	1485	1357	1457	4299		17004
			of which channeled thru the banking system				1264	1259	1428	3951	1410	1430	1451	4291	1367	1332	1333	4032	1435	1311	1408	4154		16428
		Basic Balance					-256	179	784	707	1301	-389	112	1024	-388	-38	-280	-706	457	1020	832	2309		3334
		Net Unclassified Items as Percent of total Trade					11.0	-6.1	-5.4	-0.1	-0.3	-10.4	1.0	-3.1	-3.1	-11.9	8.6	-2.2	-7.3	-11.0	19.7	-1.2		-1.7
	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.
	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
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	GOODS						-936	-633	-1195	-2764	-1117	-1217	-1379	-3713	-1923	-1229	-1042	-4194	-981	-438	-795	-2214		-12885
		EXPORTS					4140	4042	4123	12305	4260	4154	4452	12866	4376	4335	4379	13090	3918	3446	2628	9992		48253
		IMPORTS					5076	4675	5318	15069	5377	5371	5831	16579	6299	5564	5421	17284	4899	3884	3423	12206		61138
	General Merchandise						-1076	-830	-1392	-3298	-1243	-1290	-1467	-4000	-2071	-1309	-1093	-4473	-1147	-521	-856	-2524		-14295
		General Merchandise Exports, fob					2928	2884	2843	8655	3096	2958	3239	9293	3160	3016	3154	9330	2837	2439	1991	7267		34545
			Exports of goods in trade statistics, fob				4231	4112	4200	12543	4327	4225	4527	13079	4437	4394	4446	13277	3990	3513	2675	10178		49077
			Adjustments				-1303	-1228	-1357	-3888	-1231	-1267	-1288	-3786	-1277	-1378	-1292	-3947	-1153	-1074	-684	-2911		-14532
					For  Coverage		-91	-70	-77	-238	-67	-71	-75	-213	-61	-59	-67	-187	-72	-67	-47	-186		-824
					For  Classification		-1212	-1158	-1280	-3650	-1164	-1196	-1213	-3573	-1216	-1319	-1225	-3760	-1081	-1007	-637	-2725		-13708
					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					4004	3714	4235	11953	4339	4248	4706	13293	5231	4325	4247	13803	3984	2960	2847	9791		48840
			Imports of goods in trade statistics, fob				4996	4491	5123	14610	4857	4776	5322	14955	5882	5044	4891	15817	4578	3485	3301	11364		56746
			Adjustments				-992	-777	-888	-2657	-518	-528	-616	-1662	-651	-719	-644	-2014	-594	-525	-454	-1573		-7906
					For  Coverage		27	25	57	109	46	39	77	162	46	76	89	211	13	24	63	100		582
					For  Classification		-1072	-961	-1083	-3116	-1038	-1123	-1125	-3286	-1068	-1239	-1174	-3481	-915	-924	-576	-2415		-12298
					For  Valuation		53	159	138	350	474	556	432	1462	371	444	441	1256	308	375	59	742		3810
					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)						133	190	218	541	114	60	127	301	146	139	127	412	144	91	73	308		1562
		Exports					1146	1101	1219	3466	1097	1128	1164	3389	1159	1284	1186	3629	1032	980	617	2629		13113
		Imports					1013	911	1001	2925	983	1068	1037	3088	1013	1145	1059	3217	888	889	544	2321		11551
		Processing Abroad:					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.
			Exports				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.
			Imports				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.
		Processing in the compiling economy					133	190	218	541	114	60	127	301	146	139	127	412	144	91	73	308		1562
			Exports				1146	1101	1219	3466	1097	1128	1164	3389	1159	1284	1186	3629	1032	980	617	2629		13113
			Imports				1013	911	1001	2925	983	1068	1037	3088	1013	1145	1059	3217	888	889	544	2321		11551
	Repairs on goods:						-4	-4	-4	-12	-4	-4	-4	-12	-4	-4	-4	-12	-4	-4	-6	-14		-50
		Exports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Imports					4	4	4	12	4	4	4	12	4	4	4	12	4	4	6	14		50
	Goods procured in ports by  carriers						-32	-26	-54	-112	-27	-23	-69	-119	-45	-85	-106	-236	-19	-31	-23	-73		-540
		Exports					23	20	24	67	24	28	15	67	6	5	5	16	4	0	3	7		157
		Imports					55	46	78	179	51	51	84	186	51	90	111	252	23	31	26	80		697
	Nonmonetary  Gold						43	37	37	117	43	40	34	117	51	30	34	115	45	27	17	89		438
		Exports					43	37	37	117	43	40	34	117	51	30	34	115	45	27	17	89		438
		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)					36	30	30	96	28	32	26	86	35	22	26	83	27	20	10	57		322
			Exports				36	30	30	96	28	32	26	86	35	22	26	83	27	20	10	57		322
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Others (Industrial Gold)					7	7	7	21	15	8	8	31	16	8	8	32	18	7	7	32		116
			Exports				7	7	7	21	15	8	8	31	16	8	8	32	18	7	7	32		116
			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
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	SERVICES						128	45	276	449	33	-48	117	102	100	101	-100	101	85	-70	493	508		1160
		EXPORTS					748	646	943	2337	729	718	893	2340	975	805	673	2453	900	659	1028	2587		9717
		IMPORTS					620	601	667	1888	696	766	776	2238	875	704	773	2352	815	729	535	2079		8557
	Transportation						-235	-221	-251	-707	-264	-265	-280	-809	-270	-269	-250	-789	-232	-207	-170	-609		-2914
		Exports					106	93	101	300	107	109	110	326	151	114	126	391	109	76	93	278		1295
		Imports					341	314	352	1007	371	374	390	1135	421	383	376	1180	341	283	263	887		4209
		of which: Passenger					8	1	10	19	1	-8	-1	-8	25	1	16	42	1	-17	-8	-24		29
			Exports				46	39	47	132	47	39	44	130	68	44	57	169	41	22	31	94		525
			Imports				38	38	37	113	46	47	45	138	43	43	41	127	40	39	39	118		496
		of which: Freight					-239	-218	-256	-713	-259	-260	-274	-793	-305	-274	-261	-840	-234	-187	-172	-593		-2939
			Exports				41	40	41	122	43	42	45	130	44	43	44	131	39	34	26	99		482
			Imports				280	258	297	835	302	302	319	923	349	317	305	971	273	221	198	692		3421
		of which: Other					-4	-4	-5	-13	-6	3	-5	-8	10	4	-5	9	1	-3	10	8		-4
			Exports				19	14	13	46	17	28	21	66	39	27	25	91	29	20	36	85		288
			Imports				23	18	18	59	23	25	26	74	29	23	30	82	28	23	26	77		292
	Travel						167	41	93	301	68	-2	-17	49	12	48	-17	43	-17	-55	121	49		442
		Exports					289	193	245	727	221	210	190	621	215	191	130	536	214	153	248	615		2499
		Imports					122	152	152	426	153	212	207	572	203	143	147	493	231	208	127	566		2057
	Communication  services						20	25	24	69	19	14	23	56	24	22	16	62	18	24	28	70		257
		Exports					27	31	28	86	30	28	38	96	41	36	33	110	31	39	42	112		404
		Imports					7	6	4	17	11	14	15	40	17	14	17	48	13	15	14	42		147
	Construction  services						4	5	-1	-833	3	1	5	-833	5	9	6	-833	5	3	12	-833		57
		Exports					5	5	4	-833	5	4	10	-833	8	11	8	-833	9	7	14	-833		90
		Imports					1	0	5	-833	2	3	5	-833	3	2	2	-833	4	4	2	-833		33
	Insurance  services						-18	-19	-21	-58	-22	-21	-22	-65	-26	-22	-22	-70	-20	-16	-14	-50		-243
		Exports					3	1	1	5	1	2	3	6	1	2	2	5	1	1	1	3		19
		Imports					21	20	22	63	23	23	25	71	27	24	24	75	21	17	15	53		262
	Financial  services						1	-10	1	-8	-6	-4	1	-9	1	0	-2	-1	-5	-6	6	-5		-23
		Exports					6	5	9	20	2	3	5	10	4	5	3	12	4	3	10	17		59
		Imports					5	15	8	28	8	7	4	19	3	5	5	13	9	9	4	22		82
	Computer and Information  services						59	60	87	206	69	82	84	235	104	91	66	261	128	99	139	366		1068
		Exports					63	63	91	217	72	90	90	252	118	99	72	289	136	109	145	390		1148
		Imports					4	3	4	11	3	8	6	17	14	8	6	28	8	10	6	24		80
	Royalties and license fees						-23	-24	-28	-75	-46	-25	-31	-102	-54	-24	-26	-104	-51	-26	-24	-101		-382
		Exports					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Imports					23	24	28	75	46	25	31	102	54	24	26	104	51	26	24	101		382
	Other business services						172	206	390	768	229	190	373	792	321	263	147	731	277	131	413	821		3112
		Exports					248	254	463	965	289	270	445	1004	434	346	298	1078	393	269	473	1135		4182
		Imports					76	48	73	197	60	80	72	212	113	83	151	347	116	138	60	314		1070
		Merchanting and other trade-related services					2	1	3	6	3	3	3	9	4	2	1	7	2	2	3	7		29
			Exports				2	1	3	6	3	3	3	9	4	2	1	7	2	2	3	7		29
			Imports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Operational leasing services					-7	-7	-9	-23	-10	-6	-12	-28	-10	-15	-9	-34	-12	-12	-12	-36		-121
			Exports				1	1	0	2	0	3	1	4	2	1	1	4	1	1	1	3		13
			Imports				8	8	9	25	10	9	13	32	12	16	10	38	13	13	13	39		134
	and technical services	Misc. business, professional					177	212	396	785	236	193	382	811	327	276	155	758	287	141	422	850		3204
			and technical services
			Exports				245	252	460	957	286	264	441	991	428	343	296	1067	390	266	469	1125		4140
			Imports				68	40	64	172	50	71	59	180	101	67	141	309	103	125	47	275		936
	Personal, cultural and recreational services						-1	0	-1	-2	0	-1	-1	-2	0	0	0	0	0	0	-1	-1		-5
		Exports					1	1	1	3	2	2	2	6	3	1	1	5	3	2	2	7		21
		Imports					2	1	2	5	2	3	3	8	3	1	1	5	3	2	3	8		26
		Audio-Visual and related services					-1	0	-2	-3	-1	0	-1	-2	0	-1	-1	-2	-1	0	-1	-2		-9
			Exports				0	1	0	1	1	1	1	3	1	0	0	1	1	1	1	3		8
			Imports				1	1	2	4	2	1	2	5	1	1	1	3	2	1	2	5		17
		Other personal, cultural and					0	0	1	1	1	-1	0	0	0	1	1	2	1	0	0	1		4
			recreational services
			Exports				1	0	1	2	1	1	1	3	2	1	1	4	2	1	1	4		13
			Imports				1	0	0	1	0	2	1	3	2	0	0	2	1	1	1	3		9
	Government services, n.i.e.						-18	-18	-17	-53	-17	-17	-18	-52	-17	-17	-18	-52	-18	-17	-17	-52		-209
			Exports				0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Imports				18	18	17	53	17	17	18	52	17	17	18	52	18	17	17	52		209
4	INCOME
	in million U.S. dollars
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	INCOME						-148	36	-242	-354	302	168	93	563	31	-226	109	-86	220	-183	-55	-18		105
		RECEIPTS					434	602	642	1678	599	465	509	1573	506	509	541	1556	498	300	368	1166		5973
		PAYMENTS					582	566	884	2032	297	297	416	1010	475	735	432	1642	278	483	423	1184		5868
	Compensation of emp. incl. border,						231	395	399	1025	403	335	368	1106	360	362	378	1100	388	203	270	861		4092
		seasonal, and other workers
		Receipts					231	395	399	1025	403	335	368	1106	360	362	378	1100	388	203	270	861		4092
		Payments					0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
	Investment Income						-379	-359	-641	-1379	-101	-167	-275	-543	-329	-588	-269	-1186	-168	-386	-325	-879		-3987
		Receipts					203	207	243	653	196	130	141	467	146	147	163	456	110	97	98	305		1881
		Payments					582	566	884	2032	297	297	416	1010	475	735	432	1642	278	483	423	1184		5868
		Direct Investment Income					-187	-84	-104	-375	-89	-42	-112	-243	-138	-185	-91	-414	-110	-347	-154	-611		-1643
			Receipts				7	6	0	13	0	0	3	3	2	1	0	3	12	0	1	13		32
			Payments				194	90	104	388	89	42	115	246	140	186	91	417	122	347	155	624		1675
			Income on Equity				-186	-83	-83	-352	-88	-41	-89	-218	-138	-186	-60	-384	-110	-345	-134	-589		-1543
				Receipts			7	6	0	13	0	0	3	3	1	0	0	1	10	0	1	11		28
				Payments			193	89	83	365	88	41	92	221	139	186	60	385	120	345	135	600		1571
				Dividends and distributed			-184	-70	-87	-341	-83	-32	-76	-191	-15	-138	-28	-181	-222	-397	-158	-777		-1490
					branch profits
					Receipts		7	6	0	13	0	0	3	3	1	0	0	1	10	0	1	11		28
					Payments		191	76	87	354	83	32	79	194	16	138	28	182	232	397	159	788		1518
				Reinvested earnings and			-2	-13	4	-11	-5	-9	-13	-27	-123	-48	-32	-203	112	52	24	188		-53
					undistributed branch profits
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		2	13	-4	11	5	9	13	27	123	48	32	203	-112	-52	-24	-188		53
			Income on debt (interest)				-1	-1	-21	-23	-1	-1	-23	-25	0	1	-31	-30	0	-2	-20	-22		-100
				Receipts			0	0	0	0	0	0	0	0	1	1	0	2	2	0	0	2		4
				Payments			1	1	21	23	1	1	23	25	1	0	31	32	2	2	20	24		104
		Portfolio  Investment Income					-154	-188	-444	-786	22	-32	19	9	-146	-351	-84	-581	-8	36	9	37		-1321
			Receipts				107	124	156	387	128	81	101	310	99	97	128	324	74	79	85	238		1259
			Payments				261	312	600	1173	106	113	82	301	245	448	212	905	82	43	76	201		2580
			Income on Equity (dividends)				-24	-97	-375	-496	-18	-70	-22	-110	-8	-294	-18	-320	-7	-7	-12	-26		-952
				Receipts			0	0	0	0	0	0	0	0	0	9	0	9	0	0	0	0		9
				Payments			24	97	375	496	18	70	22	110	8	303	18	329	7	7	12	26		961
				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
				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			-24	0	-10	-34	0	-3	-5	-8	0	-52	-14	-66	0	-1	0	-1		-109
					Receipts		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
					Payments		24	0	10	34	0	3	5	8	0	52	14	66	0	1	0	1		109
				Other sectors			0	-97	-365	-462	-18	-67	-17	-102	-8	-242	-4	-254	-7	-6	-12	-25		-843
					Receipts		0	0	0	0	0	0	0	0	0	9	0	9	0	0	0	0		9
					Payments		0	97	365	462	18	67	17	102	8	251	4	263	7	6	12	25		852
			Income on debt (interest)				-130	-91	-69	-290	40	38	41	119	-138	-57	-66	-261	-1	43	21	63		-369
				Receipts			107	124	156	387	128	81	101	310	99	88	128	315	74	79	85	238		1250
				Payments			237	215	225	677	88	43	60	191	237	145	194	576	75	36	64	175		1619
				Bonds and notes			-130	-92	-69	-291	40	38	41	119	-138	-57	-66	-261	-1	43	21	63		-370
					Receipts		107	123	156	386	128	81	101	310	99	88	128	315	74	79	85	238		1249
					Payments		237	215	225	677	88	43	60	191	237	145	194	576	75	36	64	175		1619
					Monetary authorities		77	83	133	293	91	66	72	229	66	73	69	208	67	64	62	193		923
						Receipts	77	83	133	293	91	70	81	242	66	73	69	208	67	69	75	211		954
						Payments	0	0	0	0	0	4	9	13	0	0	0	0	0	5	13	18		31
					General government		-204	-179	-178	-561	-52	0	-2	-54	-211	-121	-144	-476	-39	-1	-9	-49		-1140
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	204	179	178	561	52	0	2	54	211	121	144	476	39	1	9	49		1140
					Banks		-9	-8	0	-17	-9	0	-19	-28	-1	-4	0	-5	-9	0	-9	-18		-68
						Receipts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
						Payments	9	8	0	17	9	0	19	28	1	4	0	5	9	0	9	18		68
					Other sectors		6	12	-24	-6	10	-28	-10	-28	8	-5	9	12	-20	-20	-23	-63		-85
					Receipts	Receipts	30	40	23	93	37	11	20	68	33	15	59	107	7	10	10	27		295
					Payments	Payments	24	28	47	99	27	39	30	96	25	20	50	95	27	30	33	90		380
				Money market instruments			0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0		1
				Receipts	Receipts		0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0		1
				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		0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0		1
				Receipts		Receipts	0	1	0	1	0	0	0	0	0	0	0	0	0	0	0	0		1
				Payments		Payments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
		Other investment Income					-38	-87	-93	-218	-34	-93	-182	-309	-45	-52	-94	-191	-50	-75	-180	-305		-1023
			Receipts				89	77	87	253	68	49	37	154	45	49	35	129	24	18	12	54		590
			Payments				127	164	180	471	102	142	219	463	90	101	129	320	74	93	192	359		1613
			Monetary authorities				34	24	25	83	22	15	8	45	19	28	15	62	5	-1	0	4		194
				Receipts			34	26	25	85	22	16	8	46	20	31	16	67	6	1	1	8		206
				Payments			0	2	0	2	0	1	0	1	1	3	1	5	1	2	1	4		12
			General government				-24	-56	-45	-125	-22	-52	-38	-112	-20	-47	-41	-108	-18	-53	-47	-118		-463
				Receipts			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Payments			24	56	45	125	22	52	38	112	20	47	41	108	18	53	47	118		463
			Banks				-7	-26	-28	-61	6	0	-15	-9	-7	-6	-21	-34	-6	2	-17	-21		-125
				Receipts			51	47	46	144	43	31	26	100	23	16	17	56	15	15	9	39		339
				Payments			58	73	74	205	37	31	41	109	30	22	38	90	21	13	26	60		464
			Other sectors				-41	-29	-45	-115	-40	-56	-137	-233	-37	-27	-47	-111	-31	-23	-116	-170		-629
				Receipts			4	4	16	24	3	2	3	8	2	2	2	6	3	2	2	7		45
				Payments			45	33	61	139	43	58	140	241	39	29	49	117	34	25	118	177		674
5	CURRENT TRANSFERS
	in million U.S. dollars
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	CURRENT TRANSFERS						1256	1121	1303	3680	1281	1320	1320	3921	1278	1185	1181	3644	1313	1319	1370	4002		15247
		RECEIPTS					1284	1149	1341	3774	1314	1376	1374	4064	1313	1248	1227	3788	1360	1351	1443	4154		15780
		PAYMENTS					28	28	38	94	33	56	54	143	35	63	46	144	47	32	73	152		533
		General government					26	27	26	79	20	15	13	48	20	27	19	66	17	22	70	109		302
			Receipts				36	36	37	109	32	35	28	95	33	40	32	105	29	36	77	142		451
			Payments				10	9	11	30	12	20	15	47	13	13	13	39	12	14	7	33		149
		Other sectors					1230	1094	1277	3601	1261	1305	1307	3873	1258	1158	1162	3578	1296	1297	1300	3893		14945
			Receipts				1248	1113	1304	3665	1282	1341	1346	3969	1280	1208	1195	3683	1331	1315	1366	4012		15329
			Payments				18	19	27	64	21	36	39	96	22	50	33	105	35	18	66	119		384
			Workers' remittances				1187	1048	1229	3464	1206	1283	1278	3767	1194	1154	1142	3490	1244	1260	1311	3815		14536
				Receipts			1187	1048	1229	3464	1206	1283	1278	3767	1194	1154	1142	3490	1244	1260	1311	3815		14536
				Payments			0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other transfers				43	46	48	137	55	22	29	106	64	4	20	88	52	37	-11	78		409
				Receipts			61	65	75		76	58	68		86	54	53		87	55	55			793
				Payments			18	19	27		21	36	39		22	50	33		35	18	66			384
6	CAPITAL ACCOUNT
	in million U.S. dollars
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	CAPITAL ACCOUNT						8	7	6	21	3	3	3	9	8	6	4	18	2	0	3	5		53
		RECEIPTS					14	9	10	33	6	9	9	24	13	10	9	32	9	8	8	25		114
		PAYMENTS					6	2	4	12	3	6	6	15	5	4	5	14	7	8	5	20		61
		Capital transfers					8	7	6	21	3	3	3	9	8	6	4	18	3	1	3	7		55
			Receipts				14	9	10	33	6	9	9	24	13	10	9	32	9	8	8	25		114
			Payments				6	2	4	12	3	6	6	15	5	4	5	14	6	7	5	18		59
			General government				8	7	9	24	5	8	8	21	12	7	6	25	7	7	7	21		91
				Receipts			8	7	9	24	5	8	8	21	12	7	6	25	7	7	7	21		91
				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			8	7	9	24	5	8	8	21	12	7	6	25	7	7	7	21		91
					Receipts		8	7	9	24	5	8	8	21	12	7	6	25	7	7	7	21		91
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
			Other sectors				0	0	-3	-3	-2	-5	-5	-12	-4	-1	-2	-7	-4	-6	-4	-14		-36
				Receipts			6	2	1	9	1	1	1	3	1	3	3	7	2	1	1	4		23
				Payments			6	2	4	12	3	6	6	15	5	4	5	14	6	7	5	18		59
				Migrants transfers			-2	0	-3	-5	-2	-5	-4	-11	-3	-2	-1	-6	-4	-2	-2	-8		-30
					Receipts		1	2	1	4	1	0	1	2	1	1	3	5	1	1	1	3		14
					Payments		3	2	4	9	3	5	5	13	4	3	4	11	5	3	3	11		44
				Debt  forgiveness			3	0	0	3	0	0	0	0	0	0	0	0	0	0	0	0		3
					Receipts		3	0	0	3	0	0	0	0	0	0	0	0	0	0	0	0		3
					Payments		0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0		0
				Other			-1	0	0	-1	0	0	-1	-1	-1	1	-1	-1	0	-4	-2	-6		-9
					Receipts		2	0	0	2	0	1	0	1	0	2	0	2	1	0	0	1		6
					Payments		3	0	0	3	0	1	1	2	1	1	1	3	1	4	2	7		15
		Acquisition/disposal of nonproduced,					0	0	0	0	0	0	0	0	0	0	0	0	-1	-1	0	-2		-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	0	0	0	0	0	0	0	1	1	0	2		2
7	DIRECT INVESTMENT
	in million U.S. dollars
							2008																	Jan-Dec
							Jan	Feb	Mar	Q1	Apr	May	Jun	Q2	Jul	Aug	Sep	Q3	Oct	Nov	Dec	Q4		2008
	DIRECT INVESTMENT						65	171	258	494	164	-7	120	277	301	30	234	565	-144	111	-18	-51		1285
		ASSETS :  Residents' Investments Abroad					21	11	-38	-6	46	18	13	77	38	57	8	103	33	31	21	85		259
		Equity  capital					21	11	-38	-6	46	18	13	77	38	57	8	103	33	31	21