Remittances eased to USD 1,597.2 million in September from USD 1,642.7 million, but annual growth rose to 22.9% in September...
Remittances in Philippines
Remittances averaged USD 28.1 billion in the decade to 2022 and were USD 32.5 billion in 2022.
Philippines Remittances Chart
Note: This chart displays Remittances (USD bn) for Philippines from 2023 to 2022.
Source: Macrobond.
Philippines Remittances Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Remittances (USD bn) | 25.6 | 25.6 | 27.0 | 28.0 | 33.5 |
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine remittances projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable remittances forecast available for Philippine remittances.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine remittances projections.
Want to get access to the full dataset of Philippine remittances forecasts? Send an email to info@focus-economics.com.
Latest Global Remittances News
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Guatemala: Growth in remittances accelerate in September -
Guatemala: Growth in remittances accelerate in August Remittances rose to USD 1,642.7 million in August and annual growth accelerated to 18.3% year on year in the month... -
Mexico: Remittances rise in June Remittances totaled USD 5.2 billion in June, reflecting a 15.6% year-on-year increase, following May’s 14.3% year-on-year expansion. On a cumulative... -
Philippines: Remittances rise at a more moderate pace in May Remittances came in at USD 2.4 billion in May, representing a 1.8% year-on-year rise. This follows April’s 3.9% year-on-year increase.... -
Mexico: Remittances grow in May Remittances totaled USD 5.2 billion in May, reflecting a 14.3% year-on-year increase, following April’s 16.5% year-on-year expansion. On a cumulative... -
Philippines: Remittances rise in April at fastest rate since November 2021 Remittances came in at USD 2.4 billion in April, reflecting a 3.9% year-on-year rise, following March’s 3.2% year-on-year increase. The... -
Guatemala: Growth in remittances cools in June Remittances rose to a record-high USD 1,666.2 million in June, but annual growth decelerated to 22.3% year on year in...