Philippines' balance of payments recorded a 1.2B USD surplus in March 2024, with reserves at 104.1B USD; year-to-date lower than the previous year.
The Philippines' overall balance of payments posted a surplus of 1.2 billion USD in March 2024, slightly lower than the previous year's surplus. The BOP surplus in March reflected inflows from the national government's net foreign currency deposits and net income from investments abroad. The final gross international reserves level increased to 104.1 billion USD. The current year-to-date BOP level is lower than last year's corresponding period.
April 19, 2024
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