Overseas Filipinos' (OF) Remittances
for the periods indicated
		Levels (in Million US Dollars)						Growth Rates Year-on-Year (%)
		Personal Remittances*			Cash Remittances**			Personal Remittances			Cash Remittances
		Monthly	Cumulative		Monthly	Cumulative		Monthly	Cumulative		Monthly	Cumulative
2018	Jan	2,655	2,655		2,379	2,379		10.8	10.8		9.7	9.7
	Feb	2,528	5,182		2,267	4,647		5.4	8.1		4.5	7.1
	Mar	2,627	7,809		2,360	7,006		-9.9	1.3		-9.8	0.8
	Apr	2,616	10,426		2,347	9,353		12.9	4.0		12.7	3.5
	May	2,746	13,172		2,469	11,822		6.1	4.4		6.9	4.2
	June	2,615	15,787		2,357	14,179		-4.9	2.8		-4.5	2.7
	July	2,675	18,462		2,401	16,580		4.5	3.0		5.2	3.0
	Aug	2,760	21,223		2,476	19,057		-1.4	2.4		-0.9	2.5
	Sep	2,490	23,713		2,237	21,294		2.0	2.4		2.3	2.5
	Oct	2,757	26,470		2,474	23,768		8.0	2.9		8.7	3.1
	Nov	2,586	29,057		2,326	26,094		2.4	2.9		2.8	3.1
	Dec	3,157	32,213		2,849	28,943		3.6	3.0		3.9	3.1
2019	Jan	2,745	2,745		2,484	2,484		3.4	3.4		4.4	4.4
	Feb	2,557	5,302		2,301	4,784		1.2	2.3		1.5	3.0
	Mar	2,796	8,098		2,514	7,299		6.4	3.7		6.6	4.2
	Apr	2,713	10,811		2,441	9,739		3.7	3.7		4.0	4.1
	May	2,896	13,707		2,609	12,349		5.5	4.1		5.7	4.5
	Jun	2,545	16,252		2,290	14,638		-2.7	2.9		-2.9	3.2
	Jul	2,867	19,119		2,581	17,219		7.2	3.6		7.5	3.9
	Aug	2,875	21,995		2,589	19,808		4.2	3.6		4.6	3.9
	Sep	2,648	24,643		2,379	22,187		6.3	3.9		6.3	4.2
	Oct	2,969	27,612		2,671	24,858		7.7	4.3		8.0	4.6
	Nov	2,639	30,252		2,372	27,231		2.0	4.1		2.0	4.4
	Dec	3,216	33,467		2,902	30,133		1.9	3.9		1.9	4.1
2020	Jan	2,944	2,944		2,648	2,648		7.3	7.3		6.6	6.6
	Feb	2,623	5,566		2,358	5,006		2.6	5.0		2.5	4.6
	Mar	2,652	8,218		2,397	7,403		-5.2	1.5		-4.7	1.4
	Apr	2,276	10,494		2,046	9,448		-16.1	-2.9		-16.2	-3.0
	May	2,341	12,835		2,106	11,554		-19.2	-6.4		-19.3	-6.4
	Jun	2,737	15,573		2,465	14,019		7.6	-4.2		7.7	-4.2
	Jul	3,085	18,658		2,783	16,802		7.6	-2.4		7.8	-2.4
	Aug	2,756	21,414		2,483	19,285		-4.2	-2.6		-4.1	-2.6
	Sep	2,888	24,302		2,601	21,886		9.1	-1.4		9.3	-1.4
	Oct	3,044	27,346		2,747	24,633		2.5	-1.0		2.9	-0.9
	Nov	2,643	29,988		2,379	27,013		0.1	-0.9		0.3	-0.8
	Dec	3,205	33,194		2,890	29,903		-0.3	-0.8		-0.4	-0.8
2021	Jan	2,895	2,895		2,603	2,603		-1.7	-1.7		-1.7	-1.7
	Feb	2,759	5,653		2,476	5,078		5.2	1.6		5.0	1.4
	Mar	2,801	8,454		2,514	7,593		5.6	2.9		4.9	2.6
	Apr	2,574	11,028		2,305	9,898		13.1	5.1		12.7	4.8
	May	2,652	13,680		2,382	12,280		13.3	6.6		13.1	6.3
	Jun	2,936	16,616		2,638	14,918		7.3	6.7		7.0	6.4
	Jul	3,167	19,783		2,853	17,771		2.6	6.0		2.5	5.8
	Aug	2,889	22,672		2,609	20,380		4.8	5.9		5.1	5.7
	Sep	3,026	25,699		2,737	23,117		4.8	5.7		5.2	5.6
	Oct	3,117	28,816		2,812	25,929		2.4	5.4		2.4	5.3
	Nov	2,770	31,586		2,502	28,430		4.8	5.3		5.1	5.2
	Dec	3,298	34,884		2,987	31,418		2.9	5.1		3.3	5.1
2022	Jan	2,966	2,966		2,668	2,668		2.5	2.5		2.5	2.5
	Feb	2,793	5,759		2,509	5,177		1.2	1.9		1.3	1.9
	Mar	2,888	8,646		2,594	7,771		3.1	2.3		3.2	2.4
	Apr	2,671	11,317		2,395	10,167		3.8	2.6		3.9	2.7
	May	2,705	14,022		2,425	12,592		2.0	2.5		1.8	2.5
	Jun	3,064	17,086		2,755	15,347		4.4	2.8		4.4	2.9
	Jul	3,240	20,326		2,917	18,264		2.3	2.7		2.3	2.8
	Aug	3,017	23,343		2,721	20,985		4.4	3.0		4.3	3.0
	Sep	3,148	26,491		2,840	23,825		4.0	3.1		3.8	3.1
	Oct	3,227	29,718		2,911	26,736		3.5	3.1		3.5	3.1
	Nov	2,931	32,649		2,644	29,380		5.8	3.4		5.7	3.3
	Dec	3,487	36,136		3,159	32,539		5.7	3.6		5.8	3.6
2023 p	Jan	3,071	3,071		2,762	2,762		3.5	3.5		3.5	3.5
	Feb	2,860	5,931		2,569	5,331		2.4	3.0		2.4	3.0
	Mar	2,973	8,905		2,671	8,002		3.0	3.0		3.0	3.0
	Apr	2,773	11,677		2,485	10,487		3.8	3.2		3.7	3.2
	May	2,782	14,459		2,494	12,981		2.9	3.1		2.8	3.1
	Jun	3,131	17,590		2,812	15,793		2.2	3.0		2.1	2.9
	Jul	3,321	20,911		2,992	18,785		2.5	2.9		2.6	2.9
	Aug	3,102	24,013		2,796	21,581		2.8	2.9		2.7	2.8
	Sep	3,229	27,242		2,913	24,494		2.6	2.8		2.6	2.8
	Oct	3,327	30,569		2,998	27,492		3.1	2.9		3.0	2.8
	Nov	3,017	33,585		2,719	30,211		2.9	2.9		2.8	2.8
	Dec	3,625	37,210		3,280	33,491		3.9	3.0		3.8	2.9
2024 p	Jan	3,153	3,153		2,836	2,836		2.7	2.7		2.7	2.7
	Feb	2,946	6,100		2,646	5,481		3.0	2.8		3.0	2.8
p Preliminary
* Personal remittances cover cash sent through banks and informal channels as well as remittances in kind.  Personal remittances are 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 formation purposes, such as for construction of residential houses, between resident and non-resident households without anything of economic value being supplied in return).
** Cash remittances refer to cash sent by land-based and sea-based workers through the banking system.
Note: Details may not add up to total due to rounding
Source: Bangko Sentral ng Pilipinas