Key data points
Last release
—
Observation period
Aug 2024
Next release
—
Forecast
—
Highest
3.28 B USD on Dec 31, 2023
Lowest
64.21 M USD on Feb 28, 1989
About Philippines 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.