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Wednesday, January 15, 2025, 12:17 PM

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Philippine Standard time
Wednesday, January 15, 2025, 12:17 PM

Overseas Filipino's Cash Remittances, by Source

Cash remittances are the total value of private income transfers sent back by our OFs. These remittances bestow macroeconomic benefits to the country’s economy whenever majority of OFs send part of their earnings back home in the form of cash or goods to support their families

thousand U.S. dollars

Location:

Location	Scope
Philippines	National

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Indicators	2024M10	2024M9	2024M8	2024M7	2024M6	2024M5	2024M4	2024M3	2024M2	2024M1
Total	3,078,713.369	3,008,765.056	2,885,405.137	3,084,756.560	2,881,751.099	2,583,468.575	2,562,306.965	2,737,834.128	2,645,557.231	2,835,904.995
Land-based	2,476,363.622	2,400,078.523	2,282,189.118	2,516,760.576	2,346,187.372	2,064,095.181	1,999,771.374	2,149,047.337	2,129,813.250	2,253,857.247
Sea-based	602,349.747	608,686.533	603,216.019	567,995.983	535,563.727	519,373.395	562,535.591	588,786.791	515,743.981	582,047.747
ASIA	1,238,818.545	1,172,551.215	1,126,757.511	1,210,652.164	1,114,971.123	1,005,011.439	1,014,732.193	1,134,687.416	1,063,764.953	1,126,607.001
Land-based	1,089,073.103	1,036,730.667	1,011,110.349	1,086,969.169	1,007,160.401	868,636.700	859,534.145	992,270.768	923,030.437	972,156.699
Sea-based	149,745.442	135,820.548	115,647.162	123,682.995	107,810.723	136,374.739	155,198.048	142,416.648	140,734.517	154,450.302
ASEAN	324,202.604	265,005.348	248,387.407	283,102.159	244,146.460	239,280.821	213,316.886	268,243.446	271,706.073	287,350.484
Land-based	250,795.633	202,250.581	201,230.853	230,893.060	203,304.816	180,096.045	141,778.537	201,447.969	205,462.109	218,526.689
Sea-based	73,406.971	62,754.767	47,156.554	52,209.099	40,841.644	59,184.776	71,538.348	66,795.477	66,243.965	68,823.795
MIDDLE EAST	533,243.923	530,067.773	548,005.258	563,694.378	490,747.743	416,976.950	440,277.604	523,687.945	432,473.276	456,733.212
Land-based	530,771.173	526,151.380	544,752.964	559,594.692	487,300.293	412,537.781	435,939.193	519,220.641	428,667.279	453,858.622
Sea-based	2,472.749	3,916.393	3,252.294	4,099.686	3,447.450	4,439.169	4,338.411	4,467.304	3,805.997	2,874.591
AMERICAS	1,403,925.103	1,411,123.754	1,353,597.270	1,464,699.413	1,320,214.479	1,178,101.998	1,172,864.051	1,243,180.902	1,199,035.478	1,315,859.168
Land-based	1,180,364.522	1,169,885.507	1,066,280.541	1,234,889.491	1,107,609.419	1,007,336.322	967,660.736	1,004,617.196	1,015,634.193	1,092,471.206
Sea-based	223,560.581	241,238.247	287,316.729	229,809.922	212,605.061	170,765.676	205,203.315	238,563.705	183,401.285	223,387.963
OCEANIA	75,174.366	66,012.656	65,328.587	61,814.966	65,868.596	65,560.720	60,929.767	61,399.466	59,360.587	62,467.202
Land-based	47,779.662	41,606.341	40,443.379	37,419.708	41,233.391	37,767.324	33,500.234	37,406.875	40,326.486	39,582.717
Sea-based	27,394.704	24,406.315	24,885.208	24,395.258	24,635.206	27,793.397	27,429.533	23,992.591	19,034.101	22,884.485
EUROPE	340,443.957	342,292.676	321,210.079	329,938.442	360,344.525	316,030.786	297,205.164	280,639.546	306,972.068	312,558.901
Land-based	155,144.560	148,491.089	160,802.796	153,917.057	186,750.864	146,986.271	136,248.287	111,613.088	147,857.271	146,724.402
Sea-based	185,299.397	193,801.587	160,407.283	176,021.386	173,593.662	169,044.515	160,956.877	169,026.458	159,114.797	165,834.499
AFRICA	20,351.398	16,583.046	18,511.690	17,651.575	20,352.375	18,706.748	16,575.790	17,902.676	16,424.145	18,412.722
Land-based	4,001.775	3,163.211	3,552.053	3,565.151	3,433.298	3,311.680	2,827.972	3,139.411	2,964.863	2,922.223
Sea-based	16,349.623	13,419.835	14,959.637	14,086.423	16,919.077	15,395.068	13,747.818	14,763.265	13,459.282	15,490.499
OTHERS	0.000	201.708	0.000	0.000	0.000	56.884	0.000	24.122	0.000	0.000
Land-based	0.000	201.708	0.000	0.000	0.000	56.884	0.000	0.000	0.000	0.000
Sea-based	0.000	0.000	0.000	0.000	0.000	0.000	0.000	24.122	0.000	0.000

Showing 1-10 of 22 Results.

REMARKS

There are some limitations on the remittance data by source. A common practice of remittance centers in various cities abroad is to course remittances through correspondent banks mostly located in the U.S. On the other hand OTHERS - Total amount of remittances of overseas Filipinos (OFs) from countries not elsewhere classified.

SOURCE

Bangko Sentral ng Pilipinas (BSP)

DATE MODIFIED

December 20, 2024