Overseas Filipino Remittances Soar to Record $35.63 Billion in 2025
Cash remittances from overseas Filipinos reached an unprecedented high of US$35.63 billion in 2025, marking a significant 3.3 percent increase from the $34.49 billion recorded in 2024. This growth underscores the remarkable resilience of overseas workers' income flows, even in the face of persistent global economic headwinds that have impacted many nations.
December Inflows Set Monthly Record
Data revealed that December 2025 alone witnessed a historic monthly peak, with inflows hitting $3.52 billion. This robust year-end performance provided a substantial boost to household consumption across the Philippines, while also enhancing foreign exchange liquidity and strengthening the country's financial stability.
Economic Impact and Key Sources
The full-year 2025 cash remittances accounted for 7.3 percent of the Philippines' gross domestic product and 6.4 percent of its gross national income, cementing their status as a vital pillar of the national economy. The United States remained the largest source of these remittances during the year, followed closely by Singapore and Saudi Arabia, reflecting the diverse geographic spread of Filipino workers abroad.
Personal Remittances Also Reach New Heights
In a related development, personal remittances—which encompass cash transfers through both formal banking channels and informal methods, as well as remittances in kind—rose to a record $39.62 billion in 2025. This represents a 3.3 percent increase from the $38.34 billion recorded in 2024. December 2025 also saw personal remittances achieve a historic monthly high of $3.89 billion, further amplifying the positive economic impact.
Sustained Benefits for the Philippine Economy
The steady growth in remittance inflows continues to play a crucial role in supporting domestic consumption, bolstering the country's external economic position, and providing a reliable buffer against global market volatility. This consistent flow of funds helps maintain economic resilience and fosters stability in the face of international uncertainties.
