The Central Bank of the Philippines published remittance data showing sustained growth in July 2025, with cash remittances rising 3.0% year on year to USD 3.18 billion. Remittances from sea-based overseas Filipinos grew slightly faster than those from land-based workers, and the increase in cash remittances supported higher personal remittances. Land-based overseas Filipinos accounted for USD 2.59 billion of July cash remittances (up 3.0% year on year), while sea-based workers contributed USD 585 million (up 3.1%). For January to July 2025, cumulative cash remittances increased 3.1% to USD 19.93 billion (from USD 19.33 billion a year earlier), with the United States reported as the top source, followed by Singapore and Saudi Arabia; the central bank noted limitations in attributing remittances by source country due to routing through correspondent banks and the reporting practices of money couriers. Personal remittances rose 3.1% to USD 3.53 billion in July (from USD 3.43 billion), while cumulative personal remittances for January to July increased 3.1% to USD 22.21 billion (from USD 21.53 billion), and were up 0.3% month on month on a seasonally adjusted basis.
Central Bank of the Philippines 2025-09-15
Central Bank of the Philippines reports July cash remittances up 3.0% year on year to USD 3.18 billion
The Central Bank of the Philippines reported a 3.0% year-on-year increase in cash remittances for July 2025, totaling USD 3.18 billion, with sea-based overseas Filipinos contributing USD 585 million and land-based workers USD 2.59 billion. Cumulative cash remittances for January to July rose 3.1% to USD 19.93 billion, with the United States as the top source. Personal remittances grew 3.1% in July to USD 3.53 billion, with cumulative figures reaching USD 22.21 billion for the same period.