Remittances in Philippines decreased to 2477282 USD Thousand in February from 2602547.20 USD Thousand in January of 2021. source: Bangko Sentral ng Pilipinas

Remittances in Philippines averaged 1109050.84 USD Thousand from 1989 until 2021, reaching an all time high of 2902415.60 USD Thousand in December of 2019 and a record low of 64208 USD Thousand in February of 1989. This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Remittances - values, historical data and charts - was last updated on May of 2021.

Remittances in Philippines is expected to be 2469298.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Philippines to stand at 2498541.00 in 12 months time. In the long-term, the Philippines Remittances is projected to trend around 2509084.00 USD Thousand in 2022, according to our econometric models.

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Philippines Remittances

Actual Previous Highest Lowest Dates Unit Frequency
2477282.00 2602547.20 2902415.60 64208.00 1989 - 2021 USD Thousand Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2412000.00 -2711443.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account 1009.98 1628.49 2284.16 -1409.65 USD Million [+]
Current Account to GDP 2.20 -0.70 5.80 -7.70 percent [+]
Imports 9097210.00 7601951.20 10724291.25 37084.30 USD Thousand [+]
Exports 6684330.00 5308715.02 6684330.00 23000.00 USD Thousand [+]
External Debt 98488.01 83617.93 98488.01 20893.00 USD Million [+]
Capital Flows 7.34 6.01 93.66 -35.31 USD Million [+]
Remittances 2477282.00 2602547.20 2902415.60 64208.00 USD Thousand [+]
Tourist Arrivals 19793.00 13604.00 796164.00 948.00 [+]
Gold Reserves 187.91 191.13 274.42 126.89 Tonnes [+]
Foreign Direct Investment 608.00 1000.00 2256.00 -396.00 USD Million [+]
Terrorism Index 7.10 7.14 7.27 5.78 [+]


Philippines Remittances
In the Philippines, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).