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.
2026-02-15Central Bank of the Philippines
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.