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Philippine central bank sees wider current account surpluses in 2021,2022

  • For next year, the current-account surplus is expected to reach $6.7 billion.
Published June 18, 2021

MANILA: The Philippine central bank on Friday revised its current account surplus projection for this year to $10 billion, or 2.5% of gross domestic product, wider than its previous forecast of $9.1 billion, or 2.3% of GDP.

For next year, the current-account surplus is expected to reach $6.7 billion, or 1.5% of GDP, also wider than the earlier estimate of $5.2 billion, or 1.2% of gross domestic product, the Bangko Sentral ng Pilipinas said in a briefing.

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