Cash remittances coursed through banks in the Philippines grew by 1.9% year-on-year to USD 3.18 billion in July 2026, up from USD 3.17 billion a year earlier. This marked the highest level of monthly inflow since December last year. The US remained the largest source of remittances, accounting for 39.7% of total inflows, followed by Singapore (7.1%), Saudi Arabia (6.3%), Japan (5.0%), and the UK (4.7%). In the first seven months of the year, cash remittances rose by 2.3% to USD 20.39 billion from USD 19.93 in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, increased by 2.0% to USD 3.60 billion in July and grew by 2.3% to USD 22.73 billion on a year-to-date basis. source: Bangko Sentral ng Pilipinas

Remittances in Philippines increased to 3180000 USD Thousand in July from 3039000 USD Thousand in June of 2026. Remittances in Philippines averaged 1354581.35 USD Thousand from 1989 until 2026, reaching an all time high of 3522495.45 USD Thousand in December of 2025 and a record low of 64208.00 USD Thousand in February of 1989. This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Cash Remittances - values, historical data and charts - was last updated on October of 2026.

Related	Last	Previous	Unit	Reference
Capital Flows	7.00	6.21	USD Million	Jun 2026
Current Account	-1483.26	-3264.80	USD Million	Jun 2026
Current Account to GDP	-3.30	-4.00	percent of GDP	Dec 2025
External Debt	147650.80	137628.30	USD Million	Dec 2025
Foreign Direct Investment	447.00	638.00	USD Million	Jun 2026
Cash Remittances	3180000.00	3039000.00	USD Thousand	Jul 2026

Philippines Cash Remittances

In the Philippines, cash remittances refer to cash sent by land-based and sea-based workers through the banking system. Filipinos have worked and settled across international borders over the past decades and personal remittances remain a major source of the Southeast Asian country's foreign exchange inflows. In 2022, remittances from overseas Filipino workers accounted for 8.9 percent of the country's gross domestic product.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	3180000.00	3039000.00	3522495.45	64208.00	1989 - 2026	USD Thousand	Monthly	Current Prices, NSA

Compare: Remittances by Country

News Stream

Philippine Cash Remittances Rise 1.9% in July

Cash remittances coursed through banks in the Philippines grew by 1.9% year-on-year to USD 3.18 billion in July 2026, up from USD 3.17 billion a year earlier. This marked the highest level of monthly inflow since December last year. The US remained the largest source of remittances, accounting for 39.7% of total inflows, followed by Singapore (7.1%), Saudi Arabia (6.3%), Japan (5.0%), and the UK (4.7%). In the first seven months of the year, cash remittances rose by 2.3% to USD 20.39 billion from USD 19.93 in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, increased by 2.0% to USD 3.60 billion in July and grew by 2.3% to USD 22.73 billion on a year-to-date basis.

2026-09-15

Philippine Cash Remittances Up 1.7% in June

Cash remittances coursed through banks in the Philippines rose 1.7% year-on-year to USD 3.04 billion in June 2026, up from USD 2.99 billion a year earlier. This was the slowest annual growth in more than four years, but the monthly inflow reached its highest level since December last year. The US remained the largest source of remittances, followed by Singapore and Saudi Arabia. In the first half of the year, cash remittances increased by 2.4% to USD 17.15 billion from USD 16.75 billion in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 1.8% to USD 3.39 billion in June and increased by 2.4% to USD 19.12 billion on a year-to-date basis.

2026-08-17

Philippine Cash Remittances Up 2% in May

Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026 from USD 2.66 billion in the same month last year. Both land-based and sea-based workers recorded higher remittance inflows, increasing by 2.1% and 1.7% year-on-year, respectively. By origin, the US remained the largest source of remittances, accounting for 39.4% of total inflows, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the UK (4.6%). In the first five months of the year, cash remittances increased by 2.5% to USD 14.11 billion from USD 13.77 billion in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 2.1% to USD 3.03 billion in May and increased by 2.6% to USD 15.43 billion on a year-to-date basis.

2026-07-15