Overseas Filipino (OF) Remittances
	levels in million US dollars and growth rates in percent; as of periods indicated
						Levels						Percent Change
						Personal Remittances*			Cash Remittances**			Personal Remittances*			Cash Remittances**
						Monthly	Cumulative		Monthly	Cumulative		Monthly	Cumulative		Monthly	Cumulative
	2022
				January		2,966	2,966		2,668	2,668		2.5	2.5		2.5	2.5
				February		2,793	5,759		2,509	5,177		1.2	1.9		1.3	1.9
				March		2,888	8,646		2,594	7,771		3.1	2.3		3.2	2.4
				April		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
				June		3,064	17,086		2,755	15,347		4.4	2.8		4.4	2.9
				July		3,240	20,326		2,917	18,264		2.3	2.7		2.3	2.8
				August		3,017	23,343		2,721	20,985		4.4	3.0		4.3	3.0
				September		3,148	26,491		2,840	23,825		4.0	3.1		3.8	3.1
				October		3,227	29,718		2,911	26,736		3.5	3.1		3.5	3.1
				November		2,931	32,649		2,644	29,380		5.8	3.4		5.7	3.3
				December		3,487	36,136		3,159	32,539		5.7	3.6		5.8	3.6
	2023
				January		3,071	3,071		2,762	2,762		3.5	3.5		3.5	3.5
				February		2,860	5,931		2,569	5,331		2.4	3.0		2.4	3.0
				March		2,973	8,905		2,671	8,002		3.0	3.0		3.0	3.0
				April		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
				June		3,131	17,590		2,812	15,793		2.2	3.0		2.1	2.9
				July		3,321	20,911		2,992	18,785		2.5	2.9		2.6	2.9
				August		3,102	24,013		2,796	21,581		2.8	2.9		2.7	2.8
				September		3,229	27,242		2,913	24,494		2.6	2.8		2.6	2.8
				October		3,327	30,569		2,998	27,492		3.1	2.9		3.0	2.8
				November		3,017	33,585		2,719	30,211		2.9	2.9		2.8	2.8
				December		3,625	37,210		3,280	33,491		3.9	3.0		3.8	2.9
	2024p
				January		3,153	3,153		2,836	2,836		2.7	2.7		2.7	2.7
				February		2,946	6,100		2,646	5,481		3.0	2.8		3.0	2.8
				March		3,051	9,151		2,738	8,219		2.6	2.8		2.5	2.7
				April		2,859	12,010		2,562	10,782		3.1	2.8		3.1	2.8
				May		2,884	14,894		2,583	13,365		3.7	3.0		3.6	3.0
				June		3,210	18,105		2,882	16,247		2.5	2.9		2.5	2.9
				July		3,428	21,532		3,085	19,332		3.2	3.0		3.1	2.9
				August		3,204	24,736		2,885	22,217		3.3	3.0		3.2	2.9
				September		3,336	28,072		3,009	25,226		3.3	3.0		3.3	3.0
				October		3,415	31,487		3,079	28,304		2.7	3.0		2.7	3.0
				November		3,121	34,608		2,808	31,113		3.5	3.0		3.3	3.0
				December		3,733	38,341		3,380	34,493		3.0	3.0		3.0	3.0
	2025p
				January		3,243	3,243		2,918	2,918		2.9	2.9		2.9	2.9
				February		3,024	6,267		2,716	5,633		2.6	2.7		2.7	2.8
	*	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 dependents 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.
		Details may not add up to total due to rounding.
	p	preliminary
		Source: Bangko Sentral ng Pilipinas