Philippines Remittances Received
Personal remittances received BX.TRF.PWKR.CD.DT
Philippines's remittances received was $41.8B in 2025, ranked 4th globally. This represents a 3.7% increase from 2024. Data from World Bank, covering 1977–2025.
Overview
Philippines's remittances received stood at $41.8B in 2025, a rise of +$1.5B from 2024. Based on recent trends, this figure is projected to reach $41.8B by 2025. Philippines ranked 4th globally.
The Philippines has experienced a dramatic increase in remittances received, with the country receiving a record high of 41,760,045,572.83 in 2025, marking a significant milestone in its economic history. This milestone surpasses that of France, which received 40,655,188,276.47 in remittances in the same year. Since 1977, when the country first began to receive remittances, the Philippines has seen a remarkable growth of 123,044.28% in this sector. The country's strong diaspora, particularly in the United States and other developed economies, has been a major driver of this growth. In comparison, Mexico, another country with a significant diaspora, received 76,423,033,890.60 in remittances in 2025, placing it ahead of the Philippines. The steady rise in remittances is expected to continue, driven by the increasing global mobility of Filipino workers and the improving economic conditions in their host countries. However, a decline in global economic growth or a shift in migration policies could potentially alter the trajectory of remittances received by the Philippines.
Data & projection
| Year | Remittances Received | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $44.4B | - | - |
| 2026* trend | $43.1B | - | - |
| 2025* trend | $41.8B | - | - |
| 2025 | $41.8B | +$1.5B | #4 |
| 2024 | $40.3B | +$1.2B | #181 |
| 2023 | $39.1B | +$1.0B | #182 |
| 2022 | $38.0B | +$1.4B | #182 |
| 2021 | $36.7B | +$1.8B | #182 |
| 2020 | $34.9B | −$284.6M | #183 |
| 2019 | $35.2B | +$1.4B | #182 |
| 2018 | $33.8B | +$999.2M | #181 |
| 2017 | $32.8B | +$1.7B | #181 |
| 2016 | $31.1B | +$1.3B | #180 |
| 2015 | $29.8B | +$1.1B | #179 |
| 2014 | $28.7B | +$2.0B | #179 |
| 2013 | $26.7B | +$2.1B | #176 |
| 2012 | $24.6B | +$1.6B | #178 |
| 2011 | $23.1B | +$1.5B | #178 |
Detected Pattern
Analysis
Philippines matched the Export Boom Cycle pattern in 2012. Historically, 71% of countries showing this pattern (546 out of 768) saw remittances received improve within 24 months. View full analysis →
Frequently Asked Questions
Philippines's remittances received was $41.8B in 2025. Ranked 4th globally. This represents a 3.7% increase from the previous year.
Philippines's remittances received peaked at $41.8B in 2025.
The lowest remittances received in Philippines was $339.0M in 1977.
Philippines ranks 4th globally in remittances received as of 2025.
The World Bank indicator code is BX.TRF.PWKR.CD.DT. Data sourced from World Bank.
Philippines's remittances received is projected to reach $41.8B by 2025 based on trend extrapolation.
Philippines's remittances received was approximately 41.76 billion ($41.8B) in 2025.
The remittances received of Philippines in 2025 was $41.8B. This ranks 4th in the world.
Cite this page
@misc{historysaid_philippines_remittances,
title = {Philippines Remittances Received},
url = {https://historysaid.com/philippines/remittances/},
publisher = {HistorySaid},
year = {2026}
}