Exports of Services (BoP, USD) in Philippines

Exports of services as a part of balance of payment reached 34.8 USD bil in 2017 in Philippines, according to the National Statistical Office. This is 11.6 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Philippines reached an all time high of 34.8 USD bil in 2017 and an all time low of 0.733 USD bil in 1977. When compared to Philippines's main peers, exports of services as a part of balance of payment in China amounted to 206 USD bil, 25.3 USD bil in Indonesia and 13.1 USD bil in Vietnam in 2017.

Philippines has been ranked 34th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 10 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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