The personal remittances received as a share of the gross domestic product in the Philippines decreased by *** percentage points (-5.31 percent) in 2023 in comparison to the previous year. This marks the lowest personal remittances received during the observed period.

Overseas Filipino workers (OFWs) based in the United States were the leading source of remittances received by the Philippines in 2024. Remittances from the U.S. amounted to around ** billion U.S. dollars. Singapore follows, with remittances amounting to around **** billion U.S. dollars. Economic contribution of remittances  Remittances, in case or kind, have been a fundamental source of income in the Philippines. In fact, in 2020, the county ranked second to India when it comes to the total personal remittances received in the Asia Pacific region. Overall, personal remittances contributed about **** percent to the country's GDP. Demographics of OFWs  Of the **** million Filipino labor migrants employed worldwide in 2023, women accounted for the higher share of OFWs compared to men. In terms of age, most women OFWs were between the age of 30 and 34, while the majority of male OFWs were 45 years old and above.

Remittances in Philippines decreased to 2663701 USD Thousand in April from 2810175 USD Thousand in March of 2025. This dataset provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news.

According to the preliminary figures reported for 2024, the value of cash remittances sent to the Philippines by overseas workers reached approximately **** billion U.S. dollars. Most of these remittances came from land-based overseas Filipino workers (OFWs).