Philippines - Service imports in current prices

25,247,589,154 (US dollars) in 2022

In 2022, service imports for Philippines was 25,247 million US dollars. Service imports of Philippines increased from 5,407 million US dollars in 2003 to 25,247 million US dollars in 2022 growing at an average annual rate of 9.97%.

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What is service imports?

Services (previously nonfactor services) refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. International transactions in services are defined by the IMF's Balance of Payments Manual (1993)

What is Philippines service imports?