International Reserves |
in million US
dollars; as of periods indicated |
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2024 |
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2025 |
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Jan |
Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Nov |
Dec |
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Jan |
Feb |
Mar a |
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Reserve Position in the Fund |
753.9 |
752.5 |
741.3 |
736.1 |
737.2 |
740.4 |
719.9 |
725.9 |
731.1 |
683.9 |
668.2 |
675.6 |
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671.3 |
670.2 |
653.0 |
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Gold |
10,299.1 |
10,337.3 |
10,531.5 |
10,255.2 |
10,021.8 |
9,907.7 |
10,312.2 |
10,221.0 |
10,859.6 |
11,353.9 |
11,026.2 |
11,005.7 |
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11,751.7 |
12,049.9 |
12,762.9 |
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SDRs |
3,776.1 |
3,777.6 |
3,767.6 |
3,741.1 |
3,773.8 |
3,750.4 |
3,787.7 |
3,847.4 |
3,875.3 |
3,803.6 |
3,760.7 |
3,732.7 |
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3,731.9 |
3,752.5 |
3,804.8 |
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Foreign Investments |
87,278.3 |
86,449.4 |
87,944.0 |
87,126.0 |
89,520.5 |
89,988.2 |
91,109.1 |
92,273.8 |
95,199.4 |
93,103.0 |
91,304.1 |
89,476.0 |
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86,368.1 |
90,116.8 |
88,923.9 |
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Foreign Exchange |
1,162.5 |
677.8 |
1,083.2 |
789.4 |
962.3 |
802.2 |
809.0 |
789.5 |
2,041.5 |
2,139.2 |
1,728.8 |
1,366.5 |
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748.2 |
805.7 |
525.1 |
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Gross
International Reserves |
103,269.9 |
101,994.5 |
104,067.5 |
102,647.8 |
105,015.6 |
105,188.9 |
106,737.8 |
107,857.6 |
112,706.9 |
111,083.7 |
108,488.0 |
106,256.5 |
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103,271.2 |
107,395.1 |
106,669.7 |
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Annual Growth Rate (in %) |
2.6 |
3.8 |
2.5 |
0.9 |
4.4 |
5.8 |
6.8 |
8.3 |
14.9 |
9.9 |
5.6 |
2.4 |
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5.3 |
2.5 |
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Less: |
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Liabilities |
587.4 |
20.9 |
37.8 |
53.2 |
32.6 |
26.8 |
43.2 |
21.3 |
36.5 |
50.6 |
30.0 |
22.1 |
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35.6 |
17.6 |
31.4 |
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Net
International Reserves 1 |
102,682.5 |
101,973.6 |
104,029.7 |
102,594.5 |
104,983.1 |
105,162.1 |
106,694.6 |
107,836.3 |
112,670.5 |
111,033.1 |
108,458.0 |
106,234.4 |
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103,235.6 |
107,377.5 |
106,638.3 |
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Reserve
Adequacy Measures |
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Import Cover 2 |
7.6 |
7.4 |
7.6 |
7.4 |
7.5 |
7.5 |
7.6 |
7.7 |
7.9 |
7.7 |
7.5 |
7.3 |
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7.1 |
7.4 |
7.4 |
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Short-Term External Debt Cover (in percent) 3 |
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Original Maturity 4 |
589.2 |
580.2 |
608.7 |
594.5 |
604.4 |
587.7 |
592.9 |
599.0 |
533.8 |
513.4 |
503.8 |
507.3 |
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486.4 r |
505.8 r |
502.4 |
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Residual Maturity 5 |
405.1 r |
394.5 r |
404.3 r |
389.4 r |
393.1 r |
391.1 r |
394.2 r |
389.3 r |
397.9 r |
387.3 r |
382.2 r |
381.9 r |
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356.8 r |
374.3 r |
363.9 |
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Memo Item |
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Percent Share to Total GIR |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
100.0 |
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100.0 |
100.0 |
100.0 |
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Reserve Position in the Fund |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
0.7 |
0.6 |
0.6 |
0.6 |
0.6 |
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0.6 |
0.6 |
0.6 |
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Gold |
10.0 |
10.1 |
10.1 |
10.0 |
9.5 |
9.4 |
9.7 |
9.5 |
9.6 |
10.2 |
10.2 |
10.4 |
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11.4 |
11.2 |
12.0 |
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SDRs |
3.7 |
3.7 |
3.6 |
3.6 |
3.6 |
3.6 |
3.5 |
3.6 |
3.4 |
3.4 |
3.5 |
3.5 |
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3.6 |
3.5 |
3.6 |
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Foreign Investments |
84.5 |
84.8 |
84.5 |
84.9 |
85.2 |
85.5 |
85.4 |
85.6 |
84.5 |
83.8 |
84.2 |
84.2 |
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83.6 |
83.9 |
83.4 |
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Foreign Exchange |
1.1 |
0.7 |
1.0 |
0.8 |
0.9 |
0.8 |
0.8 |
0.7 |
1.8 |
1.9 |
1.6 |
1.3 |
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0.7 |
0.8 |
0.5 |
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1 |
Inclusive
of gold monetization and revaluation of reserve assets and reserve-related
liabilties which are excluded in the calculation of the balance of payments
(BOP). Net International Reserves
(NIR) refer to the difference between Gross International Reserves (GIR) and
the total of the Bangko Sentral's short-term liabilities and the Use of Fund
Credits (UFC). UFC refers to the sum of outstanding drawings from the IMF
under various policies and facilities, other than drawings under the reserve
tranche. |
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2 |
Number of
months of average imports of goods and payment of services and primary income
that can be financed by reserves. Data
starting 2005 are based on International Monetary Fund's (IMF) Balance of
Payments and International Investment Position Manual, 6th Edition (BPM6)
concept. |
3 |
Starting December 2005, outstanding annual
external debt reflects the new reporting framework in line with international
standards under the latest External Debt Statistics Guide and BPM6. |
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4 |
Refers to adequacy of reserves to cover
outstanding short-term external debt, i.e., debt repayable on demand or with
an original maturity of one year or less, as of 31 January 2025. |
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5 |
Refers to
adequacy of reserves to cover outstanding short-term external debt based on
original maturity plus principal payments on medium- and long-term external
loans of the public and private sectors falling due in the next 12 months.
Figures reflect data based on debt service schedule on outstanding external
debt as of 31 December 2024 and outstanding short-term external debt as of 31
January 2025. |
Details may not
add up to total due to rounding. |
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a |
Revised based on the final International
Reserves (IR) report as of end-March 2025. |
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r |
revised |
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. |
rounds off to zero |
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Source: Bangko Sentral ng Pilipinas |
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