The country posted its highest BOP deficit on record in the January to November period in 2022, according to data released by the BSP, which traced the November 2022 outflows to debt payments and net foreign exchange operations. Know more:
THE country posted its highest Balance of Payments deficit on record in the January to November period in 2022, according to data released by the Bangko Sentral ng Pilipinas , which traced the November 2022 outflows to debt payments and net foreign exchange operations.
Prior to the January to November 2022 BOP deficit, the highest on record was in the January to October 2018 period when the deficit reached $5.594 billion. In November 2022, the BOP posted a deficit of $756 million, higher than the $123-million BOP deficit recorded in the same month last year. This was from $94 billion as of end-October 2022, an upward revision from the initial estimate of around $93 billion.
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