FootnotesOverseas Filipinos' Personal and Cash Remittances

Overseas Filipinos' Personal and Cash Remittances

Footnotes

- not available* Remittances coursed through banksNote: Personal remittances is computed as the sum of net compensation of employees (i.e., gross earnings of overseas Filipino (OF) workers with work contracts of less than one year, including all sea-based workers, less taxes, social contributions, and transportation and travel expenditures in their host countries), personal transfers (i.e., all current transfers in cash or in kind by OF workers with work contracts of one year or more as well as other household-to-household transfers between Filipinos who have migrated abroad and their families in the Philippines) and capital transfers between households (i.e., the provision of resources for capital purposes, such as for construction of residential houses,between resident and non-resident households without anything of economic value being supplied in return).