BALANCE OF PAYMENTS(NEW CONCEPT)                                
  1999 to 2002      
  in million U.S. dollars      
    1999 2000 2001 2002  
  CURRENT ACCOUNT 7,219.0 6,258.0 1,323.0 4,197.0  
     
  Goods  and  Services 2,247.0 1,384.0 (2,793.0) (856.0)  
  Export 39,014.0 41,267.0 34,391.0 37,439.0  
  Import 36,767.0 39,883.0 37,184.0 38,295.0  
     
  Goods 4,959.0 3,814.0 (743.0) 408.0  
  Credit: Exports 34,211.0 37,295.0 31,243.0 34,383.0  
  Debit:   Imports 29,252.0 33,481.0 31,986.0 33,975.0  
     
  Services (2,712.0) (2,430.0) (2,050.0) (1,264.0)  
  Credit: Exports 4,803.0 3,972.0 3,148.0 3,056.0  
  Debit:   Imports 7,515.0 6,402.0 5,198.0 4,320.0  
     
  Income 4,460.0 4,437.0 3,669.0 4,550.0  
  Credit:   Receipts 8,082.0 7,804.0 7,152.0 7,931.0  
  Debit:     Disbursements 3,622.0 3,367.0 3,483.0 3,381.0  
     
  Current  Transfers 512.0 437.0 447.0 503.0  
  Credit:   Receipts 607.0 552.0 517.0 594.0  
  Debit:     Disbursements 95.0 115.0 70.0 91.0  
     
  CAPITAL  AND  FINANCIAL  ACCOUNT (2,333.0) 4,119.0 (1,080.0) (2,104.0)  
  Capital  Account (8.0) 38.0 (12.0) (19.0)  
  Credit:    Receipts 44.0 74.0 12.0 2.0  
  Debit:      Disbursements 52.0 36.0 24.0 21.0  
     
  Financial  Account (2,325.0) (4,157.0) (1,068.0) (2,085.0)  
  Direct Investment 1,754.0 1,453.0 1,142.0 1,026.0  
  Debit: Assets, Residents'  Investments Abroad (29.0) (108.0) (160.0) 85.0  
  Credit: Liabilities, Non-Residents'  Investments in the Phil. 1,725.0 1,345.0 982.0 1,111.0  
       
  Portfolio Investment 6,874.0 207.0 1,050.0 1,912.0  
  Debit: Assets, Residents'  Investments Abroad 807.0 812.0 399.0 369.0    
  Credit: Liabilities, Non-Residents'  Investments in the Phil. 7,681.0 1,019.0 1,449.0 2,281.0  
       
  Financial Derivatives 0.0 0.0 0.0 0.0  
  Debit: Assets, Residents'  Investments Abroad 0.0 0.0 0.0 0.0  
  Credit: Liabilities, Non-Residents'  Investments in the Phil.  0.0 0.0 0.0 0.0  
       
  Other Investment (10,953.0) (5,817.0) (3,260.0) (5,023.0)  
  Debit: Assets, Residents'  Investments Abroad 18,639.0 15,313.0 13,898.0 13,214.0  
  Credit: Liabilities, Non-Residents'  Investments in the Phil.  7,686.0 9,496.0 10,638.0 8,191.0  
     
  NET UNCLASSIFIED ITEMS (1,300.0) (2,652.0) (435.0) (1,433.0)  
     
  OVERALL BOP POSITION 3,586.0 (513.0) (192.0) 660.0  
     
  Debit: Change in Reserve Assets 3,950.0 (94.0) 474.0 (402.0)  
     
  Credit: Change in Reserve Liabilities 364.0 419.0 666.0 (1,062.0)  
  Use of Fund Credits 289.0 304.0 (8.0) (407.0)  
  Short-term 75.0 115.0 674.0 (655.0)  
       
  Memo Items:    
  Change in Commercial Banks' Net Foreign Assets (2,455.0) 880.0 (778.0) (237.0)  
  Basic Balance 8,811.0 8,634.0 3,502.0 4,254.0  
  Net Unclassified Items as Percent of total Trade (2.0) (3.7) (0.7) (2.1)  
         
         
  BALANCE OF PAYMENTS(OLD CONCEPT)    
  1985  to 1998      
  in million US dollars            
  Item 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996  1997 1998  1999 p  
  I. Current  Account       
         
  A. Trade, Net -482 513 -1,017 -1,165 -2,286 -3,281 -1,696 -1,675 -3,715 -3,886 -4,179 -4,542 -5,431 1,110 6,188  
      Goods, Net -482 -202 -1,017 -1,085 -2,598 -4,020 -3,211 -4,695 -6,222 -7,850 -8,944 -11,342 -11,127 -29 4,296  
          Exports 4,629 4,842 5,720 7,074 7,821 8,186 8,840 9,824 11,375 13,483 17,447 20,543 25,228 29,496 35,038  
          Imports 5,111 5,044 6,737 8,159 10,419 12,206 12,051 14,519 17,597 21,333 26,391 31,885 36,355 29,525 30,742  
      Services, Net   715   -80 312 739 1,515 3,020 2,507 3,964 4,765 6,800 5,696 1,139 1,892  
          Receipts 3,288 3,791 3,454 3,592 4,586 4,842 5,624 7,443 7,497 10,550 14,374 19,006 22,835 13,917 12,885  
          Payments 3,288 3,076 3,454 3,672 4,274 4,103 4,109 4,423 4,990 6,586 9,609 12,206 17,139 12,778 10,993  
  B. Transfers,  Net 379 441 573 775 830 714 827 817 699 936 882 589 1,080 435 504  
          Inflow 388 445 575 778 832 717 828 826 746 1,041 1,147 1,185 1,670 758 651  
          Outflow 9 4 2 3 2 3 1 9 47 105 265 596 590 323 147  
  Current Account, Net -103 954 -444 -390 -1,456 -2,567 -869 -858 -3,016 -2,950 -3,297 -3,953 -4,351 1,545 6,692  
         
  II. 'Capital  and Financial Account      
         
  A. Medium  & Long-Term Loans, Net 2,787 732 159 -519 381 674 835 633 2,455 1,313 1,276 2,841 4,824 2,740 5,467  
         Availment 3,962 2,605 2,598 2,412 2,797 4,575 3,622 7,432 5,205 4,369 3,927 6,540 7,724 6,025 10,178  
         Repayment 1,175 1,873 2,439 2,931 2,416 3,901 2,787 6,799 2,750 3,056 2,651 3,699 2,900 3,285 4,711  
  B.  Trading of Bonds in the Secondary Market   -37 -676 -1,083 102  
         Resale of Bonds   4,148 3,072 3,307 4,511  
         Purchase of Bonds   4,185 3,748 4,390 4,409  
  C.  Investments, Net 17 140 326 986 843 480 654 737 812 1,558 1,609 3,517 762 1,672 1,329  
         Non-Res. Investments in the Phils. 85 135 378 976 859 498 681 931 2,135 2,492 2,944 3,621 843 2,016 3,089  
         Resident Investments Abroad 68 -5 52 -10 16 18 27 194 1,323 934 1,335 104 81 344 1,760  
  D. Change in the NFA of KBs    603 40 289 -299 674 564 4,214 1,188 -1,330 -2,373  
  E. Purchase of Collateral   -469    
  E. Short-Term Capital, Net -1,731 -824 80 -303 -89 19 349 660 -148 1,002 -56 540 495 -1,521 -6,320  
     Capital and Financial Account, Net 1,073 48 565 164 1,135 1,776 1,878 1,850 2,820 4,547 3,393 11,075 6,593 478 -1,795  
       
  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 82  
      Others, Total 133 207 287 397 389 1,018 632 657 544 254 81 -5 -360 96 280  
       
  IV. Net Unclassified Items 638 33 -144 422 383 -320 462 -157 -514 -49 454 -3,010 -5,245 -760 -1,338  
       
  V. Overall BOP Position  2,301 1,242 264 593 451 -93 2,103 1,492 -166 1,802 631 4,107 -3,363 1,359 3,839  
       
       
  Source: Bangko Sentral ng pilipinas