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 |
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Cumulative |
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Monthly |
Cumulative |
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Monthly |
Cumulative |
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2015 |
Jan |
2,134 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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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Jun |
2,615 |
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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Jul |
2,675 |
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 |
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 |
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 |
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 |
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 |
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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2019 |
Jan |
2,745 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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 |
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) |
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Oct |
3,044 |
27,346
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2,747 |
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24,633 |
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2.5 |
(1.0) |
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2.9 |
(0.9) |
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Nov |
2,643 |
29,988
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2,379 |
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27,013 |
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0.1 |
(0.9) |
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0.3 |
(0.8) |
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Dec |
3,205 |
33,194
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2,890 |
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29,903 |
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(0.3) |
(0.8) |
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(0.4) |
(0.8) |
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2021 p |
Jan |
2,895 |
2,895 |
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2,603 |
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2,603
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(1.7) |
(1.7) |
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(1.7) |
(1.7) |
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Feb |
2,759 |
5,653 |
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2,476 |
r |
5,078
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5.2 |
1.6 |
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5.0 |
1.4 |
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Mar |
2,801 |
8,454 |
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2,514 |
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7,593
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5.6 |
2.9 |
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4.9 |
2.6 |
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p Preliminary |
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r Revised based on post-audit adjustments |
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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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