Philippines's external balance on goods and services (current US$) was −US$66.7 billion in 2025, the latest year in the World Bank's World Development Indicators. That is down 360.58% from −US$14.48 billion in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$66.7 billion | 2025 |
| Five years earlier | −US$28.09 billion | 2020 |
| Ten years earlier | −US$14.48 billion | 2015 |
| Highest | US$3.72 billion | 2007 |
| Lowest | −US$66.7 billion | 2025 |
| Average since 2016 | −US$47.64 billion | 2016–2025 |
| First recorded | −US$1.2 billion |
What the numbers say
In 2025, Philippines' external balance on goods and services (current US$) fell US$262.7 million on 2024 (from −US$66.43 billion to −US$66.7 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was −US$2.11 billion and a typical year strayed about US$6.67 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$17.42 billion in 2020 and the biggest yearly fall was US$19.13 billion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 the straight-line trend is downward, about US$4.81 billion a year. A straight line explains 81% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Philippines had the 136th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Philippines in the 2025 ranking
- Egypt, Arab Rep. — 133rd of 137: −US$42.71 billion
- United Kingdom — 134th of 137: −US$50.57 billion
- Ukraine — 135th of 137: −US$56.8 billion
- India — 137th of 137: −US$68.92 billion
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 45 values
| Year | External balance on goods and services (current US$) |
|---|---|
| 2025 | -66,696,379,970 |
| 2024 | -66,433,681,262 |
| 2023 | -61,827,071,803 |
| 2022 | -63,301,036,887 |
| 2021 | -47,213,793,709 |
| 2020 | -28,085,930,915 |
| 2019 | -45,505,202,474 |
| 2018 | -40,706,015,494 |
| 2017 | -29,772,797,714 |
| 2016 | -26,860,444,594 |
External balance on goods and services (current US$) in nearby economies
- American Samoa — −US$268 million (2022)
- Australia — US$10.57 billion (2025)
- Brunei Darussalam — US$2.94 billion (2025)
- Cambodia — US$616.89 million (2025)
- China — US$816.19 billion (2025)
- Fiji — −US$605.83 million (2024)
- French Polynesia — −US$1.76 billion (2024)
- Guam — −US$3.88 billion (2022)
- Hong Kong SAR, China — US$12.26 billion (2025)
More economic policy & debt data for Philippines
- Total reserves, including gold (current US$) — US$110.93 billion (2025)
- Total reserves, excluding gold (current US$) — US$92.26 billion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$70.26 billion (2025)
- General government final consumption expenditure (constant LCU) — 3.5 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$) — US$339.25 billion (2025)
- Households and NPISHs final consumption expenditure (constant LCU) — 16.86 trillion (2025)
- Households and NPISHs final consumption expenditure per capita (constant 2015 US$) — US$2,905 (2025)
- Final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Philippines's external balance on goods and services (current US$)?
- −US$66.7 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1981?
- It is down 5,469% from −US$1.2 billion in 1981. The highest value was US$3.72 billion in 2007 and the lowest −US$66.7 billion in 2025.
- How does Philippines rank?
- 136th highest of 137 economies with data for 2025.
- Is the latest change in external balance on goods and services (current US$) unusual for Philippines?
- In 2025, Philippines' external balance on goods and services (current US$) fell US$262.7 million on 2024 (from −US$66.43 billion to −US$66.7 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$2.11 billion and a typical year strayed about US$6.67 billion from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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