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.?

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.

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.