Overseas Filipinos' (OF) Remittances |
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for the periods
indicated |
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Levels (in Million US Dollars) |
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Growth
Rates Year-on-Year (%) |
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Personal Remittances |
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Cash Remittances* |
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Personal Remittances |
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Cash
Remittances |
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Monthly |
Cumulative |
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Monthly |
Cumulative |
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Monthly |
Cumulative |
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Monthly |
Cumulative |
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2014 |
Jan |
2,074
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2,074
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1,865
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1,865
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10.7 |
10.7 |
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9.8 |
9.8 |
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Feb |
1,989
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4,063
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1,791
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3,656
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5.7 |
8.2 |
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5.3 |
7.6 |
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Mar |
2,285
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6,347
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2,063
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5,719
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16.9 |
11.2 |
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16.6 |
10.7 |
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Apr |
2,215
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8,562
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1,998
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7,717
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9.7 |
10.8 |
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9.8 |
10.5 |
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May |
2,172
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10,735 |
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1,959
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9,676
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4.4 |
9.4 |
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4.3 |
9.1 |
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Jun |
2,226
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12,960 |
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2,009
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11,685 |
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4.9 |
8.6 |
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3.8 |
8.2 |
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Jul |
2,350
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15,311 |
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2,125
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13,810 |
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10.2 |
8.9 |
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9.2 |
8.3 |
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Aug |
2,224
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17,535 |
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2,007
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15,817 |
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4.8 |
8.3 |
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3.6 |
7.7 |
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Sep |
2,437
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19,972 |
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2,205
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18,022 |
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13.1 |
8.9 |
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12.9 |
8.3 |
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Oct |
2,495
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22,467 |
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2,258
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20,280 |
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8.3 |
8.8 |
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8.4 |
8.3 |
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Nov |
2,206
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24,673 |
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1,993
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22,274 |
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(4.5) |
7.5 |
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(4.4) |
7.1 |
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Dec |
2,599
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27,273 |
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2,354
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24,628 |
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7.7 |
7.5 |
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8.0 |
7.2 |
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2015 |
Jan |
2,134
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2,134
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1,927
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1,927
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2.9 |
2.9 |
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3.3 |
3.3 |
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Feb |
2,143
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4,277
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1,936
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3,863
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7.7 |
5.3 |
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8.1 |
5.7 |
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Mar |
2,644
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6,920
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2,394
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6,257
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15.7 |
9.0 |
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16.1 |
9.4 |
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Apr |
2,292
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9,212
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2,070
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8,327
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3.5 |
7.6 |
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3.6 |
7.9 |
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May |
2,287
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11,500 |
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2,068
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10,395 |
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5.3 |
7.1 |
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5.5 |
7.4 |
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Jun |
2,458
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13,958 |
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2,227
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12,622 |
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10.5 |
7.7 |
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10.9 |
8.0 |
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Jul |
2,490
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16,447 |
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2,253
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14,874 |
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5.9 |
7.4 |
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6.0 |
7.7 |
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Aug |
2,205
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18,653 |
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1,994
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16,868 |
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(0.8) |
6.4 |
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(0.6) |
6.6 |
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Sep |
2,469
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21,122 |
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2,234
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19,103 |
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1.3 |
5.8 |
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1.3 |
6.0 |
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Oct |
2,392
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23,514 |
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2,164
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21,266 |
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(4.1) |
4.7 |
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(4.2) |
4.9 |
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Nov |
2,068
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25,582 |
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1,871
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23,137 |
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(6.2) |
3.7 |
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(6.2) |
3.9 |
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Dec |
2,726
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28,308 |
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2,470
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25,607 |
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4.9 |
3.8 |
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4.9 |
4.0 |
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2016 |
Jan |
2,208
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2,208
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1,997
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1,997
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3.4 |
3.4 |
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3.6 |
3.6 |
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Feb |
2,320
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4,528
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2,098
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4,095
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8.3 |
5.9 |
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8.4 |
6.0 |
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Mar |
2,606
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7,134
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2,362
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6,457
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(1.4) |
3.1 |
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(1.4) |
3.2 |
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Apr |
2,443
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9,577
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2,213
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8,670
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6.6 |
4.0 |
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6.9 |
4.1 |
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May |
2,416
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11,993 |
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2,188
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10,859 |
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5.7 |
4.3 |
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5.8 |
4.5 |
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Jun |
2,575
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14,569 |
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2,334
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13,192 |
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4.8 |
4.4 |
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4.8 |
4.5 |
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Jul |
2,355
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16,923 |
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2,131
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15,323 |
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(5.4) |
2.9 |
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(5.4) |
3.0 |
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Aug |
2,559
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19,482 |
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2,319
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17,642 |
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16.0 |
4.4 |
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16.3 |
4.6 |
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Sep |
2,626
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22,108 |
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2,383
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20,025 |
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6.3 |
4.7 |
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6.7 |
4.8 |
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Oct |
2,326
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24,434 |
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2,099
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22,124 |
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(2.8) |
3.9 |
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(3.0) |
4.0 |
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Nov |
2,448
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26,883 |
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2,217
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24,341 |
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18.4 |
5.1 |
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18.5 |
5.2 |
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Dec |
2,823
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29,706 |
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2,559
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26,900 |
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3.6 |
4.9 |
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3.6 |
5.0 |
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2017 |
Jan |
2,396
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2,396
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2,169
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2,169
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8.5 |
8.5 |
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8.6 |
8.6 |
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Feb |
2,397
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4,794
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2,169
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4,338
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3.3 |
5.9 |
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3.4 |
5.9 |
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Mar |
2,915
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7,709
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2,615
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6,953
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11.8 |
8.1 |
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10.7 |
7.7 |
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Apr |
2,317
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10,026 |
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2,083
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9,036
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(5.2) |
4.7 |
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(5.9) |
4.2 |
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May |
2,588
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12,613 |
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2,310
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11,346 |
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7.1 |
5.2 |
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5.5 |
4.5 |
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Jun |
2,751
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15,364 |
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2,467
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13,813 |
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6.8 |
5.5 |
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5.7 |
4.7 |
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Jul |
2,559
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17,923 |
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2,283
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16,095 |
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8.7 |
5.9 |
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7.1 |
5.0 |
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Aug |
2,800
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20,723 |
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2,499
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18,595 |
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9.4 |
6.4 |
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7.8 |
5.4 |
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Sep |
2,442
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23,164 |
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2,186
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20,781 |
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(7.0) |
4.8 |
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(8.3) |
3.8 |
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Oct |
2,552
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25,717 |
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2,275
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23,056 |
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9.7 |
5.2 |
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8.4 |
4.2 |
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Nov |
2,526
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28,242 |
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2,262
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25,318 |
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3.2 |
5.1 |
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2.0 |
4.0 |
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Dec |
3,046
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31,288 |
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2,741
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28,060 |
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7.9 |
5.3 |
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7.1 |
4.3 |
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2018 |
Jan |
2,655
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2,655
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2,379
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2,379
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10.8 |
10.8 |
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9.7 |
9.7 |
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Feb |
2,528
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5,182
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2,267
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4,647
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5.4 |
8.1 |
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4.5 |
7.1 |
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Mar |
2,627
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7,809
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2,360
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7,006
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(9.9) |
1.3 |
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(9.8) |
0.8 |
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Apr |
2,616
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10,426 |
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2,347
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9,353
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12.9 |
4.0 |
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12.7 |
3.5 |
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May |
2,746
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13,172 |
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2,469
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11,822 |
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6.1 |
4.4 |
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6.9 |
4.2 |
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June |
2,615
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15,787 |
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2,357
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14,179 |
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(4.9) |
2.8 |
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(4.5) |
2.7 |
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July |
2,675
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18,462 |
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2,401
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16,580 |
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4.5 |
3.0 |
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5.2 |
3.0 |
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Aug |
2,760
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21,223 |
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2,476
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19,057 |
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(1.4) |
2.4 |
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(0.9) |
2.5 |
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Sep |
2,490
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23,713 |
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2,237
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21,294 |
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2.0 |
2.4 |
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2.3 |
2.5 |
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Oct |
2,757
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26,470 |
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2,474
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23,768 |
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8.0 |
2.9 |
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8.7 |
3.1 |
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Nov |
2,586
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29,057 |
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2,326
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26,094 |
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2.4 |
2.9 |
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2.8 |
3.1 |
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Dec |
3,157
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32,213 |
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2,849
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28,943 |
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3.6 |
3.0 |
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3.9 |
3.1 |
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2019p |
Jan |
2,745
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2,745
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2,484
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2,484
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3.4 |
3.4 |
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4.4 |
4.4 |
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Feb |
2,557
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5,302
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2,301
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4,784
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1.2 |
2.3 |
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1.5 |
3.0 |
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Mar |
2,796
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8,098
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2,514
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7,299
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6.4 |
3.7 |
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6.6 |
4.2 |
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Apr |
2,713
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10,811 |
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2,441
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9,739
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3.7 |
3.7 |
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4.0 |
4.1 |
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May |
2,896
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13,707 |
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2,609
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12,349 |
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5.5 |
4.1 |
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5.7 |
4.5 |
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Jun |
2,545
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16,252 |
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2,290
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14,638 |
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(2.7) |
2.9 |
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(2.9) |
3.2 |
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Jul |
2,867
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19,119 |
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2,581
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17,219 |
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7.2 |
3.6 |
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7.5 |
3.9 |
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Aug |
2,875
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21,995 |
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2,589
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19,808 |
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4.2 |
3.6 |
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4.6 |
3.9 |
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Sep |
2,648
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24,643 |
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2,379
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22,187 |
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6.3 |
3.9 |
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6.3 |
4.2 |
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Oct |
2,969
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27,612 |
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2,671
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24,858 |
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7.7 |
4.3 |
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8.0 |
4.6 |
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Nov |
2,639
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30,252 |
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2,372
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27,231 |
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2.0 |
4.1 |
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2.0 |
4.4 |
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Dec |
3,216
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33,467 |
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2,902
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30,133 |
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1.9 |
3.9 |
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1.9 |
4.1 |
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2020 p |
Jan |
2,944
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2,944
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2,648
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2,648
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7.3 |
7.3 |
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6.6 |
6.6 |
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Feb |
2,623
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5,566
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2,358
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5,006
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2.6 |
5.0 |
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2.5 |
4.6 |
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Mar |
2,652
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8,218
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2,397
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7,403
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(5.2) |
1.5 |
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(4.7) |
1.4 |
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Apr |
2,276
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10,494 |
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2,046
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9,448
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(16.1) |
(2.9) |
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(16.2) |
(3.0) |
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May |
2,341
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12,835 |
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2,106
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11,554 |
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(19.2) |
(6.4) |
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(19.3) |
(6.4) |
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Jun |
2,737
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15,573 |
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2,465
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14,019 |
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7.6 |
(4.2) |
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7.7 |
(4.2) |
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Jul |
3,085
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18,658 |
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2,783
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16,802 |
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7.6 |
(2.4) |
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7.8 |
(2.4) |
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Aug |
2,756
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21,414 |
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2,483
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19,285 |
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(4.2) |
(2.6) |
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(4.1) |
(2.6) |
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Sep |
2,888
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24,302 |
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2,601
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21,886 |
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9.1 |
(1.4) |
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9.3 |
(1.4) |
p Preliminary |
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* Remittances
coursed through banks by land-based and sea-based workers |
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Details may not
add up to total due to rounding. |
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Note: Personal remittances
is computed as the sum of net compensation of employees (i.e., gross earnings
of overseas Filipino (OF) workers |
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with work
contracts of less than one year, including all sea-based workers, less taxes,
social contributions, and transportation and travel |
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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 |
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year or more
as well as other household-to-household transfers between Filipinos who have
migrated abroad and their families in the Philippines) |
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and capital
transfers between households (i.e., the provision of resources for capital
formation purposes, such as for construction of residential |
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houses,
between resident and non-resident households without anything of economic
value being supplied in return). |
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