Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026 from USD 2.66 billion in the same month last year. Both land-based and sea-based workers recorded higher remittance inflows, increasing by 2.1% and 1.7% year-on-year, respectively. By origin, the US remained the largest source of remittances, accounting for 39.4% of total inflows, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the UK (4.6%). In the first five months of the year, cash remittances increased by 2.5% to USD 14.11 billion from USD 13.77 billion in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 2.1% to USD 3.03 billion in May and increased by 2.6% to USD 15.43 billion on a year-to-date basis. source: Bangko Sentral ng Pilipinas

Remittances in Philippines decreased to 2710000 USD Thousand in May from 2717621.23 USD Thousand in April of 2026. Remittances in Philippines averaged 1346764.34 USD Thousand from 1989 until 2026, reaching an all time high of 3522495.45 USD Thousand in December of 2025 and a record low of 64208.00 USD Thousand in February of 1989. This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Cash Remittances - values, historical data and charts - was last updated on July of 2026.

Related	Last	Previous	Unit	Reference
Capital Flows	7.37	6.88	USD Million	Mar 2026
Current Account	-2691.41	-1456.16	USD Million	Mar 2026
Current Account to GDP	-3.30	-4.00	percent of GDP	Dec 2025
External Debt	147650.80	137628.30	USD Million	Dec 2025
Foreign Direct Investment	250.00	611.00	USD Million	Apr 2026
Cash Remittances	2710000.00	2717621.23	USD Thousand	May 2026

Philippines Cash 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.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	2710000.00	2717621.23	3522495.45	64208.00	1989 - 2026	USD Thousand	Monthly	Current Prices, NSA

Compare: Remittances by Country

News Stream

Philippine Cash Remittances Up 2% in May

Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.71 billion in May 2026 from USD 2.66 billion in the same month last year. Both land-based and sea-based workers recorded higher remittance inflows, increasing by 2.1% and 1.7% year-on-year, respectively. By origin, the US remained the largest source of remittances, accounting for 39.4% of total inflows, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.1%), and the UK (4.6%). In the first five months of the year, cash remittances increased by 2.5% to USD 14.11 billion from USD 13.77 billion in the corresponding period a year earlier. Meanwhile, personal remittances, which include transfers through banks, informal channels, and in-kind transfers, rose by 2.1% to USD 3.03 billion in May and increased by 2.6% to USD 15.43 billion on a year-to-date basis.

2026-07-15

Philippine Remittances Rise 2% in April

Cash remittances coursed through banks in the Philippines rose by 2% year-on-year to USD 2.72 billion in April 2026 from USD 2.66 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.12% and 0.59% 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 (6.4%), Japan (5.1%), and United Arab Emirates (4.6%). Considering the first four months of the year, cash remittances grew by 2.6% to USD 11.4 billion compared to the same period a year earlier. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, went up by 2.1% to USD 3.04 billion from USD 2.97 billion a year ago.

2026-06-16

Philippine Remittances Up 2.6% in February

Cash remittances coursed through banks in the Philippines grew by 2.6% year-on-year to USD 2.8 billion in February 2026 from USD 2.7 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 2.7% and 2% from a year earlier, respectively. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.7%), Saudi Arabia (5.5%), the United Kingdom (4.8%), and Japan (4.6%). Considering the first two months of the year, cash remittances rose by 3.1% to USD 5.81 billion compared to the same period last year. Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 2.6% to USD 2.79 billion from USD 2.72 billion a year ago.

2026-04-15