The Central Bank of the Philippines published data showing continued growth in personal remittances in April 2025, reflecting higher inflows from both land-based and sea-based Overseas Filipinos. Personal remittances totalled USD 2.97 billion, up 4.1% from April 2024, while cumulative remittances for January to April 2025 increased 3.0% year on year to USD 12.37 billion. Cash remittances coursed through banks reached USD 2.66 billion in April 2025, up 4.0% from a year earlier, and totalled USD 11.11 billion over January to April 2025, a 3.0% increase. On a seasonally adjusted month-on-month basis, personal remittances rose 1.6%. Higher remittances from the United States, Saudi Arabia, Singapore and the United Arab Emirates drove the overall increase, with the United States accounting for the largest share of total cash remittances in January to April 2025, followed by Singapore and Saudi Arabia; the central bank noted limitations in country-source attribution due to the use of correspondent banks and aggregation of some money courier flows.
Central Bank of the Philippines 2025-06-16
Central Bank of the Philippines reports April 2025 personal remittances up 4.1% to USD 2.97 billion
The Central Bank of the Philippines reported a 4.1% year-on-year increase in personal remittances to USD 2.97 billion in April 2025, with cumulative remittances for January to April rising 3.0% to USD 12.37 billion. Cash remittances through banks grew 4.0% to USD 2.66 billion in April, driven by higher inflows from the United States, Saudi Arabia, Singapore, and the UAE. The United States accounted for the largest share of total cash remittances, though the central bank noted limitations in country-source attribution.