Philippines Remittances

Cash remittances coursed through banks in the Philippines grew by 3.6% year-on-year to USD 2.91 billion in November 2025 from USD 2.81 billion in the same month of the previous year. Both land-based workers and sea-based workers recorded higher remittances, increasing 3.6% each from a year earlier. From January to November, cash remittances expanded by 3.2% to USD 32.11 billion, mainly driven by increased inflows from the US, Singapore, and Saudi Arabia. By country of origin, the US remained the top source, accounting for 40% of total remittances, followed by Singapore (7.1%), Saudi Arabia (6.4%), and Japan (5%). Meanwhile, personal remittances, which include bank transfers, informal channels, and in-kind transfers, rose by 3.6% to USD 3.23 billion from USD 3.12 billion a year ago. Cumulative personal remittances for January to November reached USD 35.73 billion, marking a 3.2% gain from USD 34.61 billion in the same period in 2024.