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Saturday, September 7, 2024, 06:46 PM

GOV.PH

Philippine Standard time
Saturday, September 7, 2024, 06:46 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	2024M4	2024M3	2024M2	2024M1	2023M12	2023M11	2023M10	2023M9	2023M8	2023M7
Total	2,562,306.965	2,737,834.128	2,645,557.231	2,835,904.995	3,280,333.485	2,718,834.516	2,997,924.507	2,912,882.483	2,795,824.561	2,991,816.264
Land-based	1,999,771.374	2,149,047.337	2,129,813.250	2,253,857.247	2,614,800.442	2,139,087.722	2,399,240.663	2,312,923.552	2,196,695.049	2,429,040.016
Sea-based	562,535.591	588,786.791	515,743.981	582,047.747	665,533.043	579,746.794	598,683.844	599,958.931	599,129.513	562,776.248
ASIA	1,014,732.193	1,134,687.416	1,063,764.953	1,126,607.001	1,378,650.870	1,124,270.373	1,188,993.589	1,130,001.383	1,046,115.892	1,169,599.901
Land-based	859,534.145	992,270.768	923,030.437	972,156.699	1,208,403.471	986,568.941	1,039,896.354	994,637.342	930,960.006	1,047,081.531
Sea-based	155,198.048	142,416.648	140,734.517	154,450.302	170,247.399	137,701.432	149,097.235	135,364.041	115,155.886	122,518.369
ASEAN	213,316.886	268,243.446	271,706.073	287,350.484	351,059.286	244,928.558	305,967.773	249,678.691	232,817.601	277,854.870
Land-based	141,778.537	201,447.969	205,462.109	218,526.689	273,609.442	176,557.133	233,055.104	187,235.222	185,932.250	225,979.524
Sea-based	71,538.348	66,795.477	66,243.965	68,823.795	77,449.844	68,371.425	72,912.669	62,443.469	46,885.352	51,875.346
MIDDLE EAST	440,277.604	523,687.945	432,473.276	456,733.212	606,487.782	505,701.833	508,473.062	514,183.028	479,353.268	537,477.577
Land-based	435,939.193	519,220.641	428,667.279	453,858.622	602,100.624	501,753.939	505,968.332	510,291.606	476,159.983	533,590.691
Sea-based	4,338.411	4,467.304	3,805.997	2,874.591	4,387.158	3,947.894	2,504.729	3,891.422	3,193.286	3,886.886
AMERICAS	1,172,864.051	1,243,180.902	1,199,035.478	1,315,859.168	1,446,500.901	1,168,328.850	1,376,156.963	1,364,374.923	1,350,039.089	1,426,898.883
Land-based	967,660.736	1,004,617.196	1,015,634.193	1,092,471.206	1,185,565.839	960,394.561	1,153,590.986	1,126,409.128	1,063,850.017	1,198,356.768
Sea-based	205,203.315	238,563.705	183,401.285	223,387.963	260,935.062	207,934.289	222,565.977	237,965.795	286,189.073	228,542.115
OCEANIA	60,929.767	61,399.466	59,360.587	62,467.202	77,551.145	79,006.140	74,043.917	64,888.073	64,131.360	60,567.392
Land-based	33,500.234	37,406.875	40,326.486	39,582.717	44,285.835	46,419.690	47,355.002	41,159.104	39,940.953	36,788.526
Sea-based	27,429.533	23,992.591	19,034.101	22,884.485	33,265.310	32,586.450	26,688.915	23,728.969	24,190.406	23,778.866
EUROPE	297,205.164	280,639.546	306,972.068	312,558.901	357,454.792	330,294.556	338,826.434	337,398.735	317,454.447	317,159.840
Land-based	136,248.287	111,613.088	147,857.271	146,724.402	172,123.914	142,739.598	154,391.938	147,559.488	158,375.180	143,249.610
Sea-based	160,956.877	169,026.458	159,114.797	165,834.499	185,330.878	187,554.957	184,434.496	189,839.247	159,079.267	173,910.230
AFRICA	16,575.790	17,902.676	16,424.145	18,412.722	20,175.778	15,043.514	19,894.039	16,219.369	18,079.839	17,216.884
Land-based	2,827.972	3,139.411	2,964.863	2,922.223	4,421.383	2,947.082	3,996.817	3,158.490	3,564.958	3,521.175
Sea-based	13,747.818	14,763.265	13,459.282	15,490.499	15,754.395	12,096.432	15,897.222	13,060.879	14,514.880	13,695.709
OTHERS	0.000	24.122	0.000	0.000	0.000	1,891.084	9.566	0.000	3.935	373.364
Land-based	0.000	0.000	0.000	0.000	0.000	17.850	9.566	0.000	3.935	42.406
Sea-based	0.000	24.122	0.000	0.000	0.000	1,873.234	0.000	0.000	0.000	330.958

Showing 1-10 of 16 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

June 18, 2024