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