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Aug 14, 2015

Remittance from US to the Philippines

Jan Paula Plamenco     8/14/2015  No comments

Remittances from OFWs in the US to the Philippines:

Based on 2015 Philippines Central Bank data, most remittances to the Philippines came from the USA - a total of $10.4 billion dollars. There are currently more than 4 million Overseas Filipino Workers (OFWs) in the US. Almost half of all remittances to the Philippines came from the United States.

In 2014, the Philippines received more than $24 billion dollars from mostly OFWs abroad. That amount is ten percent of the Philippines' GDP (gross domestic product).

Here is a list of the top ten countries that sent money/ remittances to the Philippines in 2014 (in US dollars):


Top ten source countries of remittances to the Philippines in 2014 (in US dollars):

Money from US to Philippines 
#1. Unites States (USA) - 10.4 billion dollars (about 43% of remittances)
Money sent to the Philippines from: 
#2. Saudi Arabia - 2.5 billion dollars (about 10% of remittances)
Money sent to the Philippines from: 
#3. UAE - 1.7 billion dollars (about 7% of remittances)
Money sent to the Philippines from: 
#4. United Kindom(UK) - 1.4 billion dollars (about 6% of remittances)
Money sent to the Philippines from: 
#5. Singapore- 1.2 billion dollars (about 5% of remittances)
Money sent to the Philippines from: 
#6. Japan- 980 million dollars (about 4% of remittances)
Money sent to the Philippines from: 
#7. Hongkong - 694 million dollars (about 3% of remittances)
Money sent to the Philippines from: 
#8. Canada - 650 million dollars (about 3% of remittances)
Money sent to the Philippines from: 
#9. Germany - 490 million dollars (about 2% of remittances)
Money sent to the Philippines from: 
#10. Austrlia - 472 million dollars (about 2% of remittances)

No, let's take a look at the breakdown of the remittance amounts that was sent to the Philippines in 2014 by world region:

Here are the exact remittance amounts sent to the Philippines in 2014 (in US dollars):


Remittances to the Philippines in 2014 by region (in US dollars):

Remittance from US to Philippines:
#1. Americas - 11.1 billion dollars
Remittance amount to Phil. from:
#2. Middle East - 5.3 billion dollars
Remittance amount to Phil. from:
#3. Europe - 3.8 billion dollars
Remittance amount to Phil. from:
#4. Asia - 3.5 billion dollars
Remittance amount to Phil. from:
#5. Oceana - 510 million dollars
Remittance amount to Phil. from:
#6. Africa - 29 million dollars

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