The Central Bank of the Philippines published remittance data showing Overseas Filipino cash remittances reached a record USD 3.52 billion in December 2025, taking full-year inflows to an all-time high of USD 35.63 billion. The 2025 total was 3.3% higher than the USD 34.49 billion recorded in 2024. Full-year 2025 cash remittances represented 7.3% of the Philippines’ gross domestic product and 6.4% of gross national income. The United States was the largest reported source of cash remittances in 2025, followed by Singapore and Saudi Arabia, with the central bank noting limitations in source-country attribution due to routing through correspondent banks and the treatment of money-courier flows. Personal remittances rose to a record USD 3.89 billion in December 2025 and increased 3.3% year on year to an all-time high of USD 39.62 billion for 2025.
Central Bank of the Philippines 2026-02-15
Central Bank of the Philippines reports record USD 35.63 billion cash remittances in 2025
The Central Bank of the Philippines reported Overseas Filipino cash remittances reached a record USD 3.52 billion in December 2025, with full-year inflows hitting an all-time high of USD 35.63 billion, a 3.3% increase from 2024. These remittances accounted for 7.3% of the Philippines' GDP and 6.4% of gross national income. The United States was the largest source, followed by Singapore and Saudi Arabia, though source-country attribution faced limitations due to routing through correspondent banks.