MANILA – The Philippines registered a USD273 million balance of payment surplus in the third quarter of 2025, the Bangko Sentral ng Pilipinas (BSP) reported Friday. BSP data showed, however, that the said figure is lower than year-ago’s USD3.68 billion.
For the first three quarters of this year, the BOP position recorded a USD5.3 billion deficit, a year-on-year decline due to higher imports and the impact of global financial situation.
BSP data showed that the BOP, which is the summary of a country’s total transactions with the rest of the world at a given time, as of end-September this year, is a turn-around from the USD5.12 billion surplus during the same period last year.
It traced the drop in the BOP position to shortfall in the current account, which posted a USD12.51 billion deficit. The current account includes imports and exports.
This deficit was, however, countered by the USD12.2 billion inflows under the financial account, which covers the remittances sent by overseas Filipino workers (OFWs) and the business process outsourcing (BPO) sector, and travel receipts.
The BSP said the inflows in the financial account reflect “continued investor interest and steady capital inflows.”
“This was driven by sustained foreign direct and portfolio investment inflows, alongside foreign borrowings by the National Government,” it added. (PNA)
