Philippines (BSP): Filipino remittances abroad in 2019: record $ 30.1 billion

Philippines (BSP): Filipino remittances abroad in 2019: record $ 30.1 billion

Manila

March 11, 2020

Central Bank of the Philippines (BSP): (See diagram)

On February 17, 2019, remittances to Filipinos abroad / Domestic (on a bank remittance basis) increased 4.1% from the previous year.

At $ 30,133,3 million, the company announced a record high.

Overseas Filipinos include Filipino Overseas Workers (OFW).

Land remittances: up 3.5% to $ 23,594.05 million,
Remittances from maritime professions: up 6.5% to $ 6.5392.5 billion.

-JETRO

https://www.jetro.go.jp/biznews/2020/03/077518cefc6527a9.html