2026.02.1605:02:51UTC+00Philippine Remittances Hit Record Peak

Cash remittances coursed through banks in the Philippines rose by 4.2% year-on-year to a record high of USD 3.52 billion in December 2025, up from USD 3.38 billion in the same month a year earlier. This brought total cash remittance inflows for 2025 to an all-time high of USD 35.63 billion, 3.3% higher than the USD 34.49 billion recorded in 2024. These inflows were equivalent to 7.3% of GDP and 6.4% of GNI.

Both land-based and sea-based workers contributed to the increase, with remittances from land-based workers rising by 4.5% and those from sea-based workers by 3.3% year-on-year. By country of origin, the United States remained the largest source of remittances, accounting for 39.7% of the total, followed by Singapore (7.3%), Saudi Arabia (6.6%), and Japan (5%).

Meanwhile, personal remittances—which cover bank transfers, informal channels, and in-kind transfers—grew by 4.2% to USD 3.89 billion in December 2025 from USD 3.73 billion a year earlier. For the full year, personal remittances increased by 3.3% to an all-time high of USD 39.62 billion, up from USD 38.34 billion in 2024.