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Current account gap further widens in Q1

15 June 2025
in Business
Reading Time: 4 mins read
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Current account gap further widens in Q1
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THE PHILIPPINES’ current account deficit (CAD) ballooned to $4.25 billion in the first quarter amid a larger trade gap, the central bank said.

Data from the Bangko Sentral ng Pilipinas (BSP) showed that the current account deficit surged by 105% to $4.25 billion in the first quarter from $2.07 billion in the same period a year ago.

This brought the CAD as a share of gross domestic product (GDP) to 3.7% in the January-to-March period, larger than the 1.9% in the same quarter in 2024.

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