Cash remittances coursed through banks in the Philippines grew by 2.6% year-on-year to USD 2.8 billion in February 2026 from USD 2.7 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.7% and 2% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%). Considering the first two months of the year, cash remittances rose by 3.1% to USD 5.81 billion compared to the same period last year. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 2.6% to USD 2.79 billion from USD 2.72 billion a year ago. source: Bangko Sentral ng Pilipinas

Remittances in Philippines decreased to 2785899.81 USD Thousand in February from 3020361.09 USD Thousand in January of 2026. Remittances in Philippines averaged 1337210.61 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 April of 2026.

Related	Last	Previous	Unit	Reference
Capital Flows	9.23	8.19	USD Million	Dec 2025
Current Account	-379.13	-884.49	USD Million	Dec 2025
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	443.00	560.00	USD Million	Jan 2026
Cash Remittances	2785899.81	3020361.09	USD Thousand	Feb 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
	2785899.81	3020361.09	3522495.45	64208.00	1989 - 2026	USD Thousand	Monthly	Current Prices, NSA

Compare: Remittances by Country

News Stream

Philippine Remittances Up 2.6% in February

Cash remittances coursed through banks in the Philippines grew by 2.6% year-on-year to USD 2.8 billion in February 2026 from USD 2.7 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.7% and 2% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%). Considering the first two months of the year, cash remittances rose by 3.1% to USD 5.81 billion compared to the same period last year. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 2.6% to USD 2.79 billion from USD 2.72 billion a year ago.

2026-04-15

Philippine Remittances Rise 3.5% YoY in January

Cash remittances coursed through banks in the Philippines grew by 3.5% year-on-year to USD 3.02 billion in January 2026 from USD 2.92 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 3.5% each from a year earlier. By country of origin, the US remained the top source, accounting for 40.2% of total remittances, followed by Singapore (7.6%), Saudi Arabia (6.7%), Japan (5.8%), and the United Kingdom (4.6%). Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 3.5% to USD 3.36 billion from USD 3.24 billion a year ago.

2026-03-16

Philippine Remittances Hit Record Peak

Cash remittances coursed through banks in the Philippines rose by 4.2% year-on-year to a record high of USD 3.52 billion in December 2025 from USD 3.38 billion in the same month of the previous year. This also brought total inflows for 2025 to an all-time high of USD 35.63 billion, 3.3% higher than the USD 34.49 billion recorded in 2024, and equivalent to 7.3% of GDP and 6.4% of GNI. Both land-based workers and sea-based workers recorded higher remittances, increasing 4.5% and 3.3% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 39.7% of total remittances, followed by Singapore (7.3%), Saudi Arabia (6.6%), and Japan (5%). Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, grew by 4.2% to USD 3.89 billion from USD 3.73 billion a year ago. For the full year, personal remittances increased by 3.3 percent to an all time high of US$39.62 billion from US$38.34 billion in 2024.?

2026-02-16