BusinessWorld E-paper
January 27, 2022
THE PHILIPPINES’ balance of payments (BoP) position stood at a $1.345-billion surplus in 2021, its smallest since 2008, due to a wider trade deficit, according to the central bank.
Data released by the Bangko Sentral ng Pilipinas (BSP) on Tuesday evening showed last
year’s BoP surplus was significantly smaller than the $16.022-billion surfeit seen in 2020, and below the projected $1.6-billion surplus for 2021.
