Philippines: Foreign exchange reserves
* indicates monthly or quarterly data series
The most recent value is 106.84 billion U.S. Dollar as of December 2024, a decline compared to the previous value of 108.49 billion U.S. Dollar. Historically, the average for the Philippines from January 1960 to December 2024 is 24.83 billion U.S. Dollar. The minimum of 0.05 billion U.S. Dollar was recorded in December 1961, while the maximum of 112.71 billion U.S. Dollar was reached in September 2024.
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* indicates monthly or quarterly data series
- Measure: billion U.S. Dollar
- Source: Central Bank of the Philippines
| Recent values | Philippines: Foreign exchange reserves, billion currency units |
|---|---|
| 2024 Dec | 106.84 |
| 2024 Nov | 108.49 |
| 2024 Oct | 111.08 |
| 2024 Sep | 112.71 |
| 2024 Aug | 107.86 |
| 2024 Jul | 106.74 |
| 2024 Jun | 105.19 |
| 2024 May | 105.02 |
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Definition: Foreign exchange reserves consist of foreign currency, deposits denominated in foreign
currency, Monetary Gold, Special Drawing Rights (SDRs) and Reserve position in the
International Monetary Fund (IMF). Foreign exchange reserves are held by monetary authorities
to finance trade imbalances, check the impact of foreign exchange fluctuations and address
other issues under the purview of the central bank.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 95.83 | 2021 | percent |
| Trade openness | 67.40 | 2023 | percent |
| Financial openness | -0.042 | 2021 | index points |
| Exports, percent of GDP | 26.65 | 2023 | percent |
| Exports, billion dollars | 116.52 | 2023 | billion U.S. dollars |
| Growth of exports | 1.44 | 2023 | percent |
| Imports, percent of GDP | 40.74 | 2023 | percent |
| Imports, billion dollars | 178.11 | 2023 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 2.03 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 9.12 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 396.30 | 2023 | million dollars (current) |
| Current account, percent of GDP | -0.40 | 2023 | percent |
| Current account, in dollars | -11.82 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -14.09 | 2023 | percent |
| Trade balance, in dollars | -47.20 | 2023 | billion U.S. dollars |
| Reserves | 103.74 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 8.94 | 2023 | percent |
| Remittances | 39,096.89 | 2023 | million U.S. dollars |
| Net errors and omissions | 1,353.78 | 2023 | million USD |
| External debt | 25.98 | 2022 | percent |
| Short-term external debt | 14.08 | 2023 | percent |
| Short-term debt to reserves | 16.48 | 2023 | percent |
| Foreign exchange reserves | 106.84 | 12/2024 | billion |