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.?. source: Bangko Sentral ng Pilipinas

Remittances in Philippines increased to 3522495.45 USD Thousand in December from 2909686.52 USD Thousand in November of 2025. Remittances in Philippines averaged 1330156.91 USD Thousand from 1989 until 2025, 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 February of 2026.

Related	Last	Previous	Unit	Reference
Capital Flows	10.25	7.90	USD Million	Sep 2025
Current Account	-926.54	-931.15	USD Million	Sep 2025
Current Account to GDP	-3.80	-2.80	percent of GDP	Dec 2024
External Debt	137628.30	125393.69	USD Million	Dec 2024
Foreign Direct Investment	897.00	642.00	USD Million	Nov 2025
Cash Remittances	3522495.45	2909686.52	USD Thousand	Dec 2025

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
	3522495.45	2909686.52	3522495.45	64208.00	1989 - 2025	USD Thousand	Monthly	Current Prices, NSA

Compare: Remittances by Country

News Stream

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

Philippine Remittances Rise 3.6% YoY in November

Cash remittances coursed through banks in the Philippines grew by 3.6% year-on-year to USD 2.91 billion in November 2025 from USD 2.81 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 3.6% each from a year earlier. From January to November, cash remittances expanded by 3.2% to USD 32.11 billion, mainly driven by increased inflows from the US, Singapore, and Saudi Arabia. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.1%), Saudi Arabia (6.4%), and Japan (5%). Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 3.6% to USD 3.23 billion from USD 3.12 billion a year ago. Cumulative personal remittances for January to November reached USD 35.73 billion, marking a 3.2% gain from USD 34.61 billion in the same period in 2024.

2026-01-15

Philippine Remittances Hit 3-Month High

Cash remittances coursed through banks in the Philippines rose by 3% year-on-year to USD 3.17 billion in October 2025 from USD 3.08 billion in the same month of the previous year. This marked the highest inflow since last July, when Filipino migrants sent home USD 3.18 billion, but the pace of growth slowed compared with September’s 3.7% increase. From January to October, cash remittances expanded by 3.2% to USD 29.2 billion, mainly driven by increased inflows from the US, Singapore, and Saudi Arabia. By country of origin, the US remained the top source, accounting for 40.3% of total remittances, followed by Singapore (7.2%), Saudi Arabia (6.4%), and Japan (4.9%). Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, grew by 3% to USD 3.52 billion from USD 3.42 billion a year ago. Cumulative personal remittances for January to October reached USD 32.49 billion, marking a 3.2% gain from USD 28.97 billion in the same period in 2024.

2025-12-16