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Economy > Balance of payments Stats: compare key data on Philippines & Thailand

Definitions

  • Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US: Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors. Data are in current U.S. dollars."
  • Capital and financial account > Foreign direct investment > Net inflows in reporting econ: Foreign direct investment (net) shows the net change in foreign investment in the reporting country. Foreign direct investment is defined as investment that is made to acquire a lasting management interest (usually of 10 percent of voting stock) in an enterprise operating in a country other than that of the investor (defined according to residency), the investor's purpose being an effective voice in the management of the enterprise. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows in the reporting economy. Data are in current U.S. dollars."
  • Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$: Net errors and omissions constitute a residual category needed to ensure that all debit and credit entries in the balance of payments statement sum to zero. In the International Financial Statistics presentation, this is equal to the difference between reserves and related items and the sum of the balances of the current, capital, and financial accounts. Data are in current U.S. dollars."
  • Capital and financial account > Profit remittances on FDI > Current US$: Profit remittances on foreign direct investment covers payments of direct investment income (debit side), which consist of income on equity (dividends, branch profits, and reinvested earnings) and income on the intercompany debt (interest). Data are in current U.S. dollars."
  • Current account > Balances > Current account balance > Current US$: Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars."
  • Current account > Balances > Net trade in goods > US$: Net trade in goods is the difference between exports and imports of goods. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Trade in services is not included. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Exports > Goods and services > Current U: Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Exports of goods > Services > Income and wo: Exports of goods and services are the total value of goods and services exported as well as income and workers' remittances received. Workers' remittances include compensation of employees. Data are in current U.S. dollars.
  • Current account > Goods > Services and income > Salary and investment income to foreigner: Income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Current account > Transfers > Current transfers > Receipts > BoP > Current US$: Current transfers (receipts) are recorded in the balance of payments whenever an economy receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Financial > Reserves: Changes in net reserves is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. These include changes in holdings of monetary gold, SDRs, foreign exchange assets, reserve position in the International Monetary Fund, and other claims on nonresidents that are available to the central authority. The measure is net of liabilities constituting foreign authorities' reserves, and counterpart items for valuation changes and exceptional financing items. Data are in current U.S. dollars."
  • Foreign investment > Net > USD: Foreign direct investment is net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows total net, that is, net FDI in the reporting economy from foreign sources less net FDI by the reporting economy to the rest of the world. Data are in current U.S. dollars."
  • Migrant capital transfers > Investment grants and debt forgiveness BoP > Current US$: Net capital account includes government debt forgiveness, investment grants in cash or in kind by a government entity, and taxes on capital transfers. Also included are migrants' capital transfers and debt forgiveness and investment grants by nongovernmental entities. Data are in current U.S. dollars."
  • Reserves and other items > Total > Reserves in months of imports: Total reserves comprise holdings of monetary gold, special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. The gold component of these reserves is valued at year-end (December 31) London prices. This item shows reserves expressed in terms of the number of months of imports of goods and services they could pay for [Reserves/(Imports/12)]."
  • Shares > Current US$ > DRS: Portfolio equity includes net inflows from equity securities other than those recorded as direct investment and including shares, stocks, depository receipts (American or global), and direct purchases of shares in local stock markets by foreign investors. Data are in current U.S. dollars."
  • Capital and financial account > Portfolio investment > Excluding LCFAR > BoP > Current US$: Portfolio investment excluding liabilities constituting foreign authorities' reserves covers transactions in equity securities and debt securities. Data are in current U.S. dollars.
  • Current account > Balances > Net trade in goods and services > Current US$: Net trade in goods and services is derived by offsetting imports of goods and services against exports of goods and services. Exports and imports of goods and services comprise all transactions involving a change of ownership of goods and services between residents of one country and the rest of the world. Data are in current U.S. dollars.
  • Current account > Goods > Services and income > Exports of goods > Services and income: Exports of goods, services and income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts. Data are in current U.S. dollars."
  • Reserves and other items > Total > Reserves minus gold > Current US$: Total reserves minus gold comprise special drawing rights, reserves of IMF members held by the IMF, and holdings of foreign exchange under the control of monetary authorities. Gold holdings are excluded. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Royalty and license fees > Receipts > BoP,: Royalty and license fees are payments and receipts between residents and nonresidents for the authorized use of intangible, nonproduced, nonfinancial assets and proprietary rights (such as patents, copyrights, trademarks, industrial processes, and franchises) and for the use, through licensing agreements, of produced originals of prototypes (such as films and manuscripts). Data are in current U.S. dollars."
  • Reserves and other items > Total > Reserves > % of total external debt: International reserves to total external debt stocks.
  • Reserves and other items > Technical cooperation grants > Current US$: Technical cooperation grants include free-standing technical cooperation grants, which are intended to finance the transfer of technical and managerial skills or of technology for the purpose of building up general national capacity without reference to any specific investment projects; and investment-related technical cooperation grants, which are provided to strengthen the capacity to execute specific investment projects. Data are in current U.S. dollars."
  • Current account > Balances > Current account balance > % of GDP: Current account balance is the sum of net exports of goods, services, net income, and net current transfers."
  • Reserves and other items > Grants > Excluding technical cooperation > Current US$: Grants are defined as legally binding commitments that obligate a specific value of funds available for disbursement for which there is no repayment requirement. Data are in current U.S. dollars.
  • Current account > Transfers > Net current transfers > BoP > Current US$: Net current transfers are recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. Data are in current U.S. dollars."
  • Shares > Current US$: Portfolio equity includes net inflows from equity securities other than those recorded as direct investment and including shares, stocks, depository receipts (American or global), and direct purchases of shares in local stock markets by foreign investors. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Imports > Goods and services > Current : Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, goods sent for processing and repairs, nonmonetary gold, and services. Data are in current U.S. dollars."
  • Current account > Transfers > Workers' remittances and compensation of employees > Receiv: Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by nonresident workers. Data are the sum of three items defined in the fifth edition of the IMF's Balance of Payments Manual: workers' remittances, compensation of employees, and migrants' transfers. Remittances are classified as current private transfers from migrant workers resident in the host country for more than a year, irrespective of their immigration status, to recipients in their country of origin. Migrants' transfers are defined as the net worth of migrants who are expected to remain in the host country for more than one year that is transferred from one country to another at the time of migration. Compensation of employees is the income of migrants who have lived in the host country for less than a year. Data are in current U.S. dollars."
  • Capital and financial account > Foreign direct investment > Net outflows > % of GDP: Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net outflows of investment from the reporting economy to the rest of the world and is divided by GDP."
  • Current account > Transfers > Workers' remittances > Receipts > BoP > Current US$: Workers' remittances are current transfers by migrants who are employed or intend to remain employed for more than a year in another economy in which they are considered residents. Some developing countries classify workers' remittances as a factor income receipt (and thus as a component of GNI). The World Bank adheres to international guidelines in defining GNI, and its classification of workers' remittances may therefore differ from national practices. This item shows receipts by the reporting country. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Income receipts > BoP > Current US$: Income receipts refer to employee compensation paid to resident workers working abroad and investment income (receipts on direct investment, portfolio investment, other investments, and receipts on reserve assets). Income derived from the use of intangible assets is excluded from income and recorded under business services. Data are in current U.S. dollars."
  • Current account > Goods > Services and income > Communications > Computer > Etc. > % of ser: Communications, computer, information, and other services (% of service exports, BoP) cover international telecommunications and postal and courier services; computer data; news-related service transactions between residents and nonresidents; construction services; royalties and license fees; miscellaneous business, professional, and technical services; personal, cultural, and recreational services; and government services not included elsewhere. Service exports refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993), but definitions may nevertheless vary among reporting economies."
  • Foreign investment > Net > % of GDP: Foreign direct investment are the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP."
  • Current account > Goods > Services and income > Goods > Exports > Current US$: Goods exports refer to all movable goods (including nonmonetary gold) involved in a change of ownership from residents to nonresidents. The category includes goods previously included in services: goods received or sent for processing and their subsequent export or import in the form of processed goods, repairs on goods, and goods procured in ports by carriers. Data are in current U.S. dollars."
STAT Philippines Thailand HISTORY
Capital and financial account > Foreign direct investment > Net inflows > BoP > Current US $1.95 billion
Ranked 57th.
$4.98 billion
Ranked 35th. 3 times more than Philippines

Capital and financial account > Foreign direct investment > Net inflows in reporting econ $1.95 billion
Ranked 27th.
$5.96 billion
Ranked 12th. 3 times more than Philippines

Capital and financial account > Net errors and omissions > Adjusted > BoP > Current US$ $-1,295,443,507.83
Ranked 113th.
$6.17 billion
Ranked 8th.

Capital and financial account > Profit remittances on FDI > Current US$ $2.04 billion
Ranked 19th.
$4.16 billion
Ranked 13th. 2 times more than Philippines

Current account > Balances > Current account balance > Current US$ $8.55 billion
Ranked 22nd.
$21.86 billion
Ranked 13th. 3 times more than Philippines

Current account > Balances > Net trade in goods > US$ $-8,878,000,000.00
Ranked 129th.
$32.69 billion
Ranked 12th.

Current account > Goods > Services and income > Exports > Goods and services > Current U $47.61 billion
Ranked 48th.
$180.65 billion
Ranked 24th. 4 times more than Philippines

Current account > Goods > Services and income > Exports of goods > Services > Income and wo $68.46 billion
Ranked 40th.
$186.53 billion
Ranked 26th. 3 times more than Philippines

Current account > Goods > Services and income > Salary and investment income to foreigner 5.78 billion
Ranked 47th.
13.38 billion
Ranked 34th. 2 times more than Philippines

Current account > Transfers > Current transfers > Receipts > BoP > Current US$ $16.64 billion
Ranked 13th. 3 times more than Thailand
$4.97 billion
Ranked 33th.

Financial > Reserves -4,508,264,852.56
Ranked 122nd.
-20,996,068,464.24
Ranked 138th. 5 times more than Philippines

Foreign investment > Net > USD 1.59 billion
Ranked 39th. 84% more than Thailand
861.92 million
Ranked 51st.

Migrant capital transfers > Investment grants and debt forgiveness BoP > Current US$ $105.00 million
Ranked 58th.
0.0
Ranked 122nd.

Reserves and other items > Total > Reserves in months of imports 8.73
Ranked 18th.
9.82
Ranked 13th. 12% more than Philippines

Shares > Current US$ > DRS $-1,096,000,000.00
Ranked 121st.
$1.87 billion
Ranked 8th.

Capital and financial account > Portfolio investment > Excluding LCFAR > BoP > Current US$ $1.45 billion
Ranked 30th.
$-5,946,114,610.04
Ranked 128th.

Current account > Balances > Net trade in goods and services > Current US$ $-7,339,000,000.00
Ranked 126th.
$24.88 billion
Ranked 13th.

Current account > Goods > Services and income > Exports of goods > Services and income $53.32 billion
Ranked 46th.
$186.53 billion
Ranked 26th. 3 times more than Philippines

Reserves and other items > Total > Reserves minus gold > Current US$ $38.78 billion
Ranked 35th.
$135.48 billion
Ranked 10th. 3 times more than Philippines

Current account > Goods > Services and income > Royalty and license fees > Receipts > BoP, $2.00 million
Ranked 71st.
$145.16 million
Ranked 32nd. 73 times more than Philippines

Reserves and other items > Total > Reserves > % of total external debt 70.27%
Ranked 36th.
235.59%
Ranked 7th. 3 times more than Philippines

Reserves and other items > Technical cooperation grants > Current US$ $177.46 million
Ranked 20th. 70% more than Thailand
$104.57 million
Ranked 41st.

Current account > Balances > Current account balance > % of GDP 5.31%
Ranked 16th.
8.29%
Ranked 10th. 56% more than Philippines

Reserves and other items > Grants > Excluding technical cooperation > Current US$ $271.34 million
Ranked 57th. 84% more than Thailand
$147.42 million
Ranked 75th.

Current account > Transfers > Net current transfers > BoP > Current US$ $15.96 billion
Ranked 5th. 4 times more than Thailand
$4.48 billion
Ranked 16th.

Shares > Current US$ $-1,096,000,000.00
Ranked 126th.
$1.33 billion
Ranked 28th.

Current account > Goods > Services and income > Imports > Goods and services > Current $54.95 billion
Ranked 42nd.
$155.78 billion
Ranked 24th. 3 times more than Philippines

Current account > Transfers > Workers' remittances and compensation of employees > Receiv $19.77 billion
Ranked 5th. 12 times more than Thailand
$1.64 billion
Ranked 52nd.

Capital and financial account > Foreign direct investment > Net outflows > % of GDP 0.22%
Ranked 64th.
1.56%
Ranked 28th. 7 times more than Philippines

Current account > Transfers > Workers' remittances > Receipts > BoP > Current US$ $15.14 billion
Ranked 5th.
0.0
Ranked 114th.

Current account > Goods > Services and income > Income receipts > BoP > Current US$ $5.71 billion
Ranked 33th.
$5.88 billion
Ranked 32nd. 3% more than Philippines

Current account > Goods > Services and income > Communications > Computer > Etc. > % of ser 64.68%
Ranked 13th. 2 times more than Thailand
27.74%
Ranked 77th.

Foreign investment > Net > % of GDP 1.21%
Ranked 127th.
1.89%
Ranked 103th. 56% more than Philippines

Current account > Goods > Services and income > Goods > Exports > Current US$ $37.51 billion
Ranked 47th.
$150.71 billion
Ranked 21st. 4 times more than Philippines

SOURCES: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and Development and official national sources.; x; World Bank, Global Development Finance.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files.; International Monetary Fund, International Financial Statistics and data files.; International Monetary Fund, Balance of Payments Statistics Yearbook and data files, and World Bank and OECD GDP estimates.; International Monetary Fund, Balance of Payments database, and World Bank, Global Development Finance.; World Bank staff estimates based on IMF balance of payments data.; International Monetary Fund, International Financial Statistics and Balance of Payments databases, World Bank, Global Development Finance, and World Bank and OECD GDP estimates.

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