BALANCE OF PAYMENTS

in million US dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

I. Current Account
A. Trade, Net -482 513 -1017 -1165 -2286 -3281 -1696 -1675 -3715 -3886 -4179 -4542 -5431 1111 -4348
(As percent of GNP) -7.3 -3.7 -3.1 -6.7 -5.9 -5.5 -5.3 -6.3 1.6 -5.4
Goods, Net -482 -202 -1017 -1085 -2598 -4020 -3211 -4695 -6222 -7850 -8944 -11342 -11127 -28 -6207
(As percent of GNP) -9.0 -7.0 -8.7 -11.2 -11.9 -11.7 -13.1 -13.0 0.0 -707.0
Exports 4629 4842 5720 7074 7821 8186 8840 9824 11375 13483 17447 20543 25228 29496 35037
Imports 5111 5044 6737 8159 10419 12206 12051 14519 17597 21333 26391 31885 a
36355 b
29524 c
41244 d

Services, Net 0 715 0 -80 312 739 1515 3020 2507 3964 4765 6800 5696 1139 1859
Receipts 3288 3791 3454 3592 4586 4842 5624 7443 7497 10550 14374 19006 22835 13917 10732
Payments 3288 3076 3454 3672 4274 4103 4109 4423 4990 6586 9609 12206 17139 12778 8873
B. Transfers, Net 379 441 573 775 830 714 827 817 699 936 882 589 1080 435 481
Inflow 388 445 575 778 832 717 828 826 746 1041 1147 1185 1670 758 645
Outflow 9 4 2 3 2 3 1 9 47 105 265 596 590 323 164
Current Account, Net -103 954 -444 -390 -1456 -2567 -869 -858 -3016 -2950 -3297 -3953 -4351 1546 -3867
(As percent of GNP) -5.7 -1.9 -1.6 -5.4 -4.5 -4.3 -4.6 -5.1 2.3 -4.8

II. Capital and Financial Account

A. Medium & Long-Term Loans, Net 2787 732 159 -519 381 674 835 633 2455 1313 1276 2841 4824 2740 5467
Availment 3962 2605 2598 2412 2797 4575 3622 7432 5205 4369 3927 6540 7724 6025 10178
Repayment 1175 1873 2439 2931 2416 3901 2787 6799 2750 3056 2651 3699 2900 3285 4711
B. Trading of Bonds in the Secondary Market -37 -676 -1083 102
Resale of Bonds 4148 3072 3307 4511
Purchase of Bonds 4185 3748 4390 4409
C. Investments, Net 17 140 326 986 843 480 654 737 812 1558 1609 3517 762 1672 640
Non-Res. Investments in the Phils. 85 135 378 976 859 498 681 931 2135 2492 2944 3621 843 2016 1236
Resident Investments Abroad 68 -5 52 -10 16 18 27 194 1323 934 1335 104 81 344 596
D. Change in the NFA of KBs 0 0 0 0 0 603 40 289 -299 674 564 4214 1188 -4347 -2117
E. Purchase of Collateral -469
F. Short-Term Capital, Net -1731 -824 80 -303 -89 19 349 660 -148 1002 -56 540 495 1205 -70
Capital and Financial Account, Net 1073 48 565 164 1135 1776 1878 1850 2820 4547 3393 11075 6593 187 4022

III. Others
A. Monetization of Gold 221 279 365 314 288 218 245 130 113 154 177 198 105 118 198
B. Revaluation Adjustments -88 -72 -78 83 101 800 387 527 431 100 -96 -203 -465 -22 294
C. Unremittable Arrears/Adjustments 360 - - - - - - - - - - - - - -
Others, Total 693 207 287 397 389 1018 632 657 544 254 81 -5 -360 96 492

IV. Net Unclassified Items 638 33 -144 422 383 -320 462 -157 -514 -49 454 -3010 -5245 -470 3192

V. Overall BOP Position 2301 1242 264 593 451 -93 2103 1492 -166 1802 631 4107 -3363 1359 3839
(As percent of GNP) -0.2 4.6 2.8 -0.3 2.7 0.8 4.8 -3.9 2.0 4.8
a
Adjusted NSO data to exclude $542 million worth of aircraft procured under operational lease arrangement.
b
Adjusted NSO data to exclude $45 million worth of aircraft procured under operational lease arrangement; while of the $1,110 million worth of aircraft imported under operational lease
arrangement, only $644 million were accounted for in the NSO figure, thus, $466 million have to be added to imports.
c
Adjusted NSO data to exclude $136 million worth of aircraft procured under operational lease agreement.
d
Include valuation adjustments to NSO data
Source: BSP
VALUE OF EXPORTS BY MAJOR COMMODITY GROUP
fob value in million US dollars
Commodities 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999

Coconut Products 466 474 566 582 541 503 447 643 532 639 989 730 835 831 457
Copra 0 18 32 28 25 20 19 11 7 9 13 1 3 1 0
Coconut Oil 347 333 381 408 377 361 299 481 358 475 826 571 673 706 342
Desiccated Coconut 76 44 75 78 76 61 66 88 84 70 68 85 88 73 89
Copra Meal/Cake 36 75 73 64 53 54 55 53 45 53 67 56 52 35 18
Others 7 4 5 4 10 7 8 10 38 32 15 17 19 16 8
Sugar and Products 185 103 71 74 113 133 136 110 129 77 74 140 99 100 71
Centrifugal & Refined 169 87 60 60 89 111 115 88 102 61 66 136 83 80 63
Molasses 16 16 11 14 24 22 21 21 26 14 7 3 15 19 8
Others 0 0 0 0 0 0 0 1 1 2 1 1 1 1 0
Fruits and Vegetables 256 275 283 306 319 326 393 371 439 429 458 486 458 446 455
Canned Pineapple 89 83 86 83 91 89 95 96 94 90 81 93 86 79 82
Pineapple Juice 7 6 6 6 7 7 9 7 8 9 10 11 9 7 9
Pineapple Concentrates 14 18 20 17 18 24 27 24 22 22 24 27 28 33 23
Bananas 113 130 121 146 146 149 173 158 226 215 224 237 216 217 241
Mangoes 7 8 12 17 17 15 24 29 27 30 43 40 40 42 32
Others 26 30 38 37 40 42 65 57 62 63 76 78 79 68 68
Other Agro-Based Products 271 364 376 480 454 431 504 432 476 530 575 507 508 466 476
Fish, Fresh or Preserved 99 143 207 307 296 294 353 290 343 379 378 295 292 306 287
Of which: Shrimps & Prawns 62 104 155 250 231 219 273 211 225 246 215 150 126 129 126
Coffee, Raw not roasted 70 119 32 48 42 8 5 1 1 8 7 1 1 1 0
Abaca Fibers 17 13 12 16 18 16 17 21 19 20 23 21 23 17 19
Tobacco Unmanufactured 24 21 18 19 17 20 43 34 26 23 21 29 29 22 32
Natural Rubber 10 10 8 15 10 12 13 9 12 14 28 34 25 14 12
Ramie Fibers, Raw or Processed 14 22 35 24 10 5 3 1 1 1 0 0 0 0 0
Seaweeds, Dried 20 22 23 27 37 50 21 19 18 22 39 42 34 31 44
Rice 0 0 25 0 3 0 2 9 0 0 0 0 0 0 0
Others 17 14 16 24 21 26 47 48 56 63 79 85 104 75 81
Forest Products 199 201 243 261 197 95 73 57 45 26 38 43 45 24 20
Logs 39 27 0 1 0 0 0 0 0 0 0 0 0 0 0
Lumber 91 104 154 156 136 20 20 19 26 10 18 25 26 10 13
Plywood 51 56 68 79 37 59 44 31 17 4 6 5 5 2 4
Veneer Sheets/Corestocks 12 9 15 21 17 13 8 7 2 12 14 13 14 12 3
Others 6 5 6 4 7 3 1 0 0 0 0 0 0 0 0
Mineral Products 570 539 462 764 829 723 610 633 686 780 893 771 762 592 645
Copper Concentrates 84 90 109 216 237 207 174 140 109 113 134 52 44 25 43
Copper Metal 168 172 162 295 330 281 222 217 264 270 341 297 231 178 236
Gold 2/ 100 140 91 118 109 90 65 128 51 65 62 55 49 34 0
Iron Ore Agglomerates 95 85 76 86 76 81 78 63 62 74 74 70 90 61 73
Chromium Ore 12 11 7 13 19 17 16 14 9 8 12 8 6 6 4
Nickel 64 15 0 0 0 0 1 0 0 0 0 0 0 0 0
Others 47 26 17 36 58 47 54 71 191 250 270 289 342 288 0
Petroleum Products 91 94 133 162 95 155 175 150 136 132 171 272 258 129 216
Manufactures 2539 2672 3430 4338 5192 5706 6403 7293 8729 10615 13868 17095 21462 25843 31741
Elect. & Elect. Eqpt./Parts & Telecom. 1056 919 1119 1476 1751 1964 2293 2753 3551 4984 7413 9988 13028 17137
Electronic Products 2
25094
Other Electronics 871
Garments 623 751 1098 1317 1575 1776 1861 2140 2272 2375 2570 2423 2349 2356 2267
Textile Yarns/Fabrics 39 44 68 71 87 93 100 121 118 173 208 252 299 242 221
Footwear 49 48 57 77 96 109 141 144 168 210 207 170 194 147 86
Travel Goods & Handbags 10 12 16 22 41 43 45 53 54 76 110 121 174 183 154
Wood Manufactures 43 49 62 79 88 117 117 113 105 129 134 151 134 118 129
Furniture & Fixtures 84 89 130 184 204 189 177 181 203 240 276 293 322 323 354
Chemicals 150 243 245 256 279 261 304 268 262 306 343 353 383 340 295
Non-metallic Mineral Mftrs. 24 18 22 33 45 57 74 80 87 96 108 95 105 106 111
Machinery & Transport Eqpt. 3 30 45 78 54 115 150 181 288 363 469 741 1294 2685 3316 590
Processed Food & Beverages 106 116 126 184 206 207 233 220 271 303 292 334 346 306 264
Iron & Steel 40 33 32 64 76 77 53 23 50 53 56 80 46 28 18
Baby Carr., Toys, Games & Sporting Goods 16 17 24 31 51 67 117 149 168 190 231 224 203 169 158
Basketwork, Wickerwork & Other Articles 57 75 93 115 134 128 122 133 132 134 125 101 93 85 85
Misc. Mftrd. Articles, n.e.s. 63 67 82 102 124 133 146 163 187 194 200 221 209 202 204
Others 149 146 178 273 320 335 439 464 738 683 854 995 892 785 839
Special Transactions 12 8 7 27 10 19 17 37 38 74 108 117 287 331 956
Re-Exports 40 112 149 80 71 95 82 98 165 181 273 382 514 734 943
Total Exports 4629 4842 5720 7074 7821 8186 8840 9824 11375 13483 17447 20543 25228 29496 35037
1
Old coverage of electronics parts and equipment.
2
Starting 1999, new coverage of electronics products consists of nine (9) major classifications namely: Semiconductors, Electronic Data Processing, Office Equipment
Consumer Electronics, Telecommunication, Communication/Radar, Control and Instrumentation, Medical/Industrial Instrumentation and Automotive Electronics.
The old coverage includes only Microcircuits, Semiconductors and Other Electronic Component.
3
Starting 1999, the new coverage excludes input/output/peripheral units, office equipment and other automotive electronics which are now lodged under electronic products.
Note: Components may not add up to total due to rounding.
Source: NSO
 VALUE OF IMPORTS BY MAJOR COMMODITY GROUP
fob value in million US dollars
Commodity Group 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Capital Goods 769 839 1164 1637 2424 3122 2952 4023 5610 6868 8029 10472 14369 12051 6805
Power Generating & Specialized Machines 337 363 490 639 987 1282 1047 1434 2078 2502 2874 3647 3804 2568 2395
Office & EDP Machines 29 32 47 69 104 126 151 369 274 333 525 867 1418 1582 1482
Telecommunication Eqpt. & Elect. Mach. 289 330 446 571 761 972 1186 1471 1914 2531 3211 4211 6437 6870 1871
Land Transport Eqpt. excluding Passenger
Cars & Motorized Cycle 34 33 76 144 253 295 186 271 370 401 602 822 803 445 562
Aircraft, Ships & Boats 20 24 33 123 195 305 238 305 723 799 459 459 1439 196 101
Prof., Sci., and Controlling Instruments, &
Photographic Eqpt. & Optical Goods 60 57 72 91 124 142 144 173 251 302 358 466 468 390 394
Raw Materials & Intermediate Goods 2338 2821 3628 4415 5388 5808 5851 6759 7855 9606 12174 14058 14634 11584 17622
Unprocessed Raw Materials 349 421 476 624 807 862 841 947 981 1278 1562 1720 1645 1168 1518
Wheat 106 129 82 136 197 220 172 235 260 324 349 375 423 249 363
Corn 33 0 5 3 19 50 0 0 0 0 33 86 54 78 36
Unmilled Cereals excl. Rice & Corn 1 0 7 0 1 1 1 7 1 2 2 2 2 1 0
Crude Materials, Inedible 150 229 290 413 529 532 597 613 664 862 1090 1195 1045 766 1015
Pulp & Waste Paper 19 31 38 46 52 48 48 47 56 63 114 87 75 67 79
Cotton 25 33 48 72 70 76 80 78 67 107 110 126 107 60 69
Synthetic Fibers 50 57 77 84 95 83 91 103 77 115 118 118 110 82 87
Metalliferous Ores 5 13 17 102 157 162 211 192 227 299 395 384 349 230 328
Others 51 95 110 109 155 163 167 193 237 278 353 480 404 327 452
Tobacco, Unmanufactured 59 63 92 72 61 59 71 92 56 90 88 62 121 74 104
Semi-Processed Raw Materials 1989 2400 3152 3791 4581 4946 5010 5812 6874 8328 10612 12338 12989 10416 16104
Feeding Stuffs for Animals 47 87 98 166 177 174 153 186 234 195 263 197 311 283 202
Animal & Vegetable Oils & Fats 13 13 13 18 24 25 22 34 24 38 38 57 58 59 101
Chemical 584 711 924 1039 1215 1367 1328 1492 1668 2016 2406 2574 2792 2206 2507
Chemical Compounds 219 272 332 367 410 439 437 466 468 524 651 655 685 559 644
Medicinal & Pharmaceutical Chem. 52 71 104 113 123 148 142 171 198 262 293 318 331 311 364
Urea 62 54 59 72 48 73 59 75 67 90 110 107 89 68 76
Fertilizer Excluding Urea 44 29 30 35 56 61 72 70 58 80 85 87 125 94 81
Artificial Resins 94 142 203 230 289 332 327 376 449 576 707 801 867 568 606
Others 113 143 196 222 289 314 291 334 428 484 560 606 695 606 736
Manufactured Goods 508 654 957 1238 1787 1794 1714 2139 2590 2893 3572 3948 3983 2807 3175
Paper & Paper Products 65 73 102 111 131 139 125 155 189 261 310 309 337 266 321
Textile Yarn, Fabrics & Made-up Arts. 140 207 279 324 452 547 539 642 704 780 872 825 919 789 845
Non-metallic Mineral Manufactures 20 21 35 55 74 114 63 126 104 118 186 276 284 144 164
Iron & Steel 135 204 340 475 743 572 564 676 820 870 1312 1436 1260 764 947
Non-ferrous Metals 44 53 88 124 174 177 170 209 209 260 335 347 374 284 362
Metal Products 75 58 63 85 116 132 146 176 366 391 297 405 511 371 302
Others 29 38 50 64 97 113 107 155 198 213 260 350 298 189 234
Embroideries 196 253 334 377 437 426 514 502 468 411 472 349 357 346 334
Mat/Acc for the Mftr. of Elect. Eqpt. 585 640 767 910 885 1106 1208 1401 1808 2711 3772 5130 5407 4634 9728
Iron Ore, not Agglomerated 56 42 59 43 56 54 71 58 82 64 89 83 81 81 57
Centrifugal Sugar for Refining - - - - - - - - - - - - - - -
Mineral Fuels & Lubricants 1452 869 1249 1096 1397 1842 1784 2050 2016 2040 2461 3008 3074 2020 2432
Coal, Coke 50 42 20 45 39 36 65 30 31 33 59 81 109 110 96
Petroleum Crude 1277 728 1062 919 1112 1583 1400 1627 1316 1308 1931 2458 2458 1433 1998
Others 125 99 167 132 246 223 319 393 669 699 471 469 507 477 338
Consumer Goods 320 273 391 597 898 1061 990 1241 1587 2109 2784 3331 3091 2623 2647
Durable 61 77 115 190 365 392 478 620 842 1124 1459 1653 1516 901 1092
Passenger Cars & Motorized Cycle 14 21 40 90 223 215 256 333 471 625 801 932 643 235 305
Home Appliances 4 3 5 8 13 25 34 50 59 95 152 123 142 89 137
Miscellaneous Manufactures 43 53 70 92 129 152 188 237 312 404 506 598 731 577 650
Non-Durable 259 196 276 407 533 669 512 621 745 985 1325 1678 1575 1722 1555
Food & Live Animals Chiefly for Food 239 184 258 379 492 628 460 562 637 815 1204 1578 1435 1603 1435
Dairy Products 72 98 150 161 217 253 211 253 260 316 409 389 405 300 311
Fish & Fish Preparation 1 9 16 35 37 48 62 61 49 53 59 69 70 57 75
Rice 110 0 0 37 51 117 0 0 36 0 76 294 211 586 219
Fruits & Vegetables 8 16 18 37 51 50 37 54 66 99 97 123 137 108 141
Others 48 61 74 109 136 160 150 194 226 347 563 703 612 552 689
Beverages & Tobacco Manufactured 17 9 15 22 29 28 33 37 77 138 72 46 75 64 70
Articles of Apparel, Accessories 3 3 3 6 12 13 19 22 31 32 49 54 65 55 50
Special Transactions 232 242 305 414 312 373 474 446 529 710 943 1016 1187 1246 1214
Articles Temporarily Imported & Exported 53 62 77 218 138 150 198 179 266 434 530 705 869 879 897
Others 179 180 228 196 174 223 276 267 263 276 413 311 318 368 317
Total Imports 5111 5044 6737 8159 10419 12206 12051 14519 17597 21333 26391 31885 a 36355 b 29524 c
41244
a
Adjusted NSO data to exclude the value of aircraft amounting to US$542 million procured under operational lease arrangement
b
Adjusted NSO data to exclude the value of aircraft amounting to US$45 million procured under operational lease arrangement; while of the US$1110 million worth of aircraft imported under capital lease
arrangement, only US$644 million were accounted for in the NSO figure, thus, US$466 million have to be added to imports
c
Adjusted NSO data to exclude the value of aircraft amounting to US$136 million procured under operational lease arrangement
d
Include valuation adjustments to NSO data.
e
Raw materials for the manufacture of electronics, which were formerly grouped with telecommunication equipment and electrical machineries and motorized cycle under capital goods, have been reclassified
material accessories for the manufacture of electronic equipment under raw materials and intermediate goods.
Note: Components may not add up to total due to rounding
Source: NSO
e

d
 SERVICES
in million US dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Services, Net 0 715 0 -80 312 739 1515 3020 2507 3964 4765 6800 5696 1139 1859
Receipts 3288 3791 3454 3592 4586 4842 5624 7443 7497 10550 14374 19006 22835 13917 10732
Freight & merchandise Insurance 167 120 111 136 157 170 166 153 156 185 252 331 329 294 118
Other Transportation 37 44 62 89 84 83 82 128 71 54 29 34 36 38 201
Travel 506 647 458 405 469 466 571 944 1178 973 1124 1546 2341 2413 2578
Investment Income 359 235 300 305 359 395 448 479 548 773 1147 1753 1956 1514 1242
Profits, Earnings & Dividends 13 6 6 8 11 17 50 110 70 116 344 700 589 303 51
Interest Income 346 229 294 297 348 378 398 369 478 657 803 1053 1367 1211 1191
Central Bank 66 70 119 62 52 60 110 191 219 322 345 476 568 601 579
Commercial Banks 276 159 175 235 296 318 288 178 259 335 458 577 799 610 444
Others 4 0 0 0 0 168
Government 1 373 730 489 389 543 347 341 247 56 19 24 18 7 12 0
ESF 79 56 70 0 0 0 0 0 0 0
Others 268 285 177 56 19 24 18 7 12 0
Non-Merchandise Insurance 2 2 3 8 11 7 14 15 12 4 54 21 16 16 0
Personal Income 694 696 809 874 1002 1203 1649 2222 2276 3009 3869 4306 5742 7368 6022
Peso Conversions of FCDs 2 643 866 1263 1680 2815 4827 5863 6006 0 0
Commissions & Fees 64 70 60 91 155 245 223 252 173 207 164 373 260 181 0
Construction Activity 39 18 12 9 11 3 2 4 10 6 10 18 27 37 58
Operating Expense 227 284 333 394 713 684 737 895 476 695 673 822 1214 539 0
Other Services 820 945 817 892 1082 596 525 841 861 1810 2201 3921 4901 1505 513
Payments 3288 3076 3454 3672 4274 4103 4109 4423 4990 6586 9609 12206 17139 12778 8873
Freight & merchandise Insurance 340 351 451 572 752 836 805 942 1176 1300 1950 2285 2602 1886 1748
Other Transportation 38 52 110 166 157 180 279 283 278 181 132 40 113 109 402
Travel 37 56 88 76 77 111 62 102 130 196 422 1266 1935 1950 1605
Investment Expense 2394 2226 2296 2354 2706 2337 2296 2108 1887 1919 2671 2720 3017 2671 3784
Profits, Earnings & Dividends 134 118 167 178 239 283 269 363 326 311 469 470 394 329 385
Reinvested Earnings 10 20 22 17 56 28 34 42 43 29 23 44 56 85 449
Interest Expense 2250 2088 2107 2159 2411 2026 1993 1703 1518 1579 2179 2206 2567 2257 2950
Government 22 21 32 7 28 40 21 3 18 15 20 37 49 20 75
Non-Merchandise Insurance 26 13 24 28 28 23 24 48 64 77 76 42 68 31 0
Personal Income 1 6 2 10 4 5 9 7 13 13 15 57 0 0 0
Commissions & Fees 45 28 35 42 138 135 157 124 150 275 340 775 623 551 0
Construction Activity 0 3 2 18 6 5 28 25 23 23 65 1186 511 218 166
Other Services 385 320 414 399 378 431 428 781 1251 2587 3918 3798 8221 5342 1093
1
No breakdown prior to 1990 data.
2
Based on the sources and uses of foreign currency deposits report. However, beginning 1998, these were reclassified under its proper transaction account.
Sources: BSP; NSO, DOT
 TRANSFERS
in million US dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Transfers, Net 379 441 573 775 830 714 827 817 699 936 882 589 1080 435 481
Inflow 388 445 575 778 832 717 828 826 746 1041 1147 1185 1670 758 645
Private Tranfers 181 239 378 503 475 360 474 482 445 565 698 738 1256 350 246
Institutional Remittances 23 33 59 55 44 35 40 64 52 31 145 146 196 130 95
Personal Remittances 111 163 211 388 360 262 329 315 311 443 433 569 1057 204 102
Voluntary Relief Agencies 45 39 88 56 65 59 105 79 67 76 120 20 2 0 0
Others 2 4 20 4 6 4 0 24 15 15 0 3 1 16 49
Central Government Transfers 207 206 197 275 357 357 354 344 301 476 449 447 414 408 399
U.S.V.A. 113 112 111 113 114 111 112 115 114 114 111 109 112 108 108
U.S. Bilateral Agreement 38 29 73 77 38 72 125 184 139 72 77 71 45 48 70
U.N. Agencies 5 11 6 4 16 19 25 16 0 0 6 6 6 6 6
Others 51 54 7 81 189 155 92 29 48 290 255 261 251 246 215
Outflow 9 4 2 3 2 3 1 9 47 105 265 596 590 323 164
Private Tranfers 9 4 2 3 2 3 1 9 47 105 265 548 554 287 128
Central Government Transfers 1 0 0 0 0 0 0 0 0 0 0 0 48 36 36 36
1
Data represent commitment of the Phil. government to international organizations based on annual appropriations sourced from the Department of Budget and Management (DBM).
Sources: NEDA, USVA, DBM and BSP
MEDIUM- AND LONG-TERM LOANS
in million US dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Medium- and Long-Term Loans 2787 732 159 -519 381 674 835 633 2455 1313 1276 2841 4824 2740 5467
Availment 3962 2605 2598 2412 2797 4575 3622 7432 5205 4369 3927 6540 7724 6025 10178
I. Loans 3962 2605 2598 2412 2797 4151 3622 4464 4021 3500 2737 3380 5253 4523 4808
Multilateral 283 348 396 423 671 986 697 941 1007 824 687 756 808 801 409
Bilateral 433 564 602 515 653 1381 1844 2360 1943 1568 1291 1494 1629 1395 1734
Banks and Financial Inst. 400 525 0 28 0 1217 806 901 942 877 507 782 1518 2178 2561
Others 2846 1168 1600 1446 1473 567 275 262 129 231 252 348 1298 149 104
of which: Financing of
planes under financial lease 0 0 0 0 87 226 204 208 0 0 117 117 1110 0 0
II. Bonds 0 0 0 0 0 424 0 2968 1184 869 1190 3160 2471 1502 5370

Repayment 1175 1873 2439 2931 2416 3901 2787 6799 2750 3056 2651 3699 2900 3285 4711
I. Loans 1175 1873 2439 2931 2416 3733 2664 6742 2750 2806 2561 2462 2635 2757 3368
Multilateral 114 225 254 364 354 378 389 430 471 566 694 766 666 618 657
Bilateral 602 618 765 574 531 489 784 851 958 1257 1433 1280 1357 1218 1530
Banks and Financial Inst. 407 742 1158 1663 1342 2791 1393 5334 1147 861 231 288 424 780 1012
Others 52 288 262 330 189 75 98 127 174 122 203 128 188 141 169
II. Bonds 0 0 0 0 0 168 123 57 0 250 90 1237 265 528 1343
 INVESTMENTS
in million US dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Investments, Net 17 140 326 986 843 480 654 737 812 1558 1609 3517 762 1672 640
A. Non-Resident Investments in the Phils. 85 135 378 976 859 498 681 931 2135 2492 2944 3621 843 2016 1236
Direct Investments 105 157 415 999 568 550 556 776 1238 1591 1459 1520 1249 1752 807
Placements 105 157 415 999 568 550 556 776 1238 1591 1459 1520 1249 1752 934
New Foreign Investment in the Phil. 9 17 34 81 93 171 130 234 547 930 1300 1074 1073 1631 1104
Reinvested Earnings 10 20 22 17 56 28 34 42 43 29 23 44 56 85 370
Technical Fees and Others
Converted to Equity 31 3 17 8 38 22 50 41 5 36 22 0 0 0 26
Debt Conversions 0 43 287 806 306 226 273 269 193 2 0 0 0 0 0
Bond Conversion 0 0 0 0 0 0 0 0 0 45 46 277 114 36 0
Imports Converted into Investments 14 6 14 5 1 2 6 5 0 1 6 0 6 0 0
Others 41 68 41 82 74 101 63 185 450 548 62 125 0 0 0
Withdrawals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 693

Portfolio Investments 1 -20 -22 -37 -23 291 -52 125 155 897 901 1485 2101 -406 264 429
Placements 17 13 21 51 386 152 227 566 2257 2979 3861 6687 6947 4297 12294
Withdrawals 37 35 58 74 95 204 102 411 1360 2078 2376 4586 7353 4033 11865

B. Less: Resident Investments Abroad 68 -5 52 -10 16 18 27 194 1323 934 1335 104 81 344 596
Direct Investments 58 11 53 16 9 22 27 101 374 302 98 182 136 160 116
Placements 58 11 53 16 9 22 27 101 374 302 98 182 136 160 134
Residents' Investments Abroad 24 2 1 2 0 4 2 24 323 112 98 182 136 160 134
Withdrawals 0 0 0 0 0 0 0 0 0 0 0 0 0 0 18

Portfolio Investments 1 10 -16 -1 -26 7 -4 0 93 949 632 1237 -78 -55 184 437
Placements 12 0 2 1 14 0 15 115 1061 1338 1864 119 184 184 788
Withdrawals 2 16 3 27 7 4 15 22 112 706 627 197 239 0 351

Other Investments 1 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 43
Placements n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 501
Withdrawals n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. 458

1 Include financial derivatives transactions

2 Other investments represent deposits/placements of resident abroad.
n.a.
not available
Sources : BSP
 SHORT-TERM CAPITAL
in million U.S. dollars
Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999
Short-Term Capital, Net -1731 -824 80 -303 -89 19 349 660 -148 1002 -56 540 495 1205 -70
Loans -1232 -61 363 -166 60 -66 49 134 -534 266 -326 649 501 -711 58
Others -499 -763 -283 -137 -149 85 300 526 386 736 270 -109 -6 1916 -128
D/A & O/A -85 -264 79 91 126 308 129 89 330 686 228 -104 -78 -645 -34
Advances for Exports 104 140 42 90 189 117 258 287 106 75 42 -5 72 -165 78
Others: Temporary Short-Term Facility -518 -639 -404 -318 -464 -340 -87 150 -50 -25 0 0 0 2726 -172
Sources: BSP