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The Philippines reports a $1.5 billion BOP deficit in December 2024, reversing from a surplus a year ago.
The Philippines reported a $1.5 billion balance of payments (BOP) deficit in December 2024, compared to a $642 million surplus in December 2023.
The yearly BOP surplus for 2024 was $609 million, down from $3.7 billion in 2023, due to a higher trade deficit and lower service receipts.
The country's gross international reserves stood at $106.3 billion, still considered adequate for external liquidity.
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Filipinas reporta un déficit de $1.5 mil millones de BOP en diciembre de 2024, revirtiendo un superávit de hace un año.