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Philippines sees record remittances in 2024, reaching $38.34 billion, with January 2025 up 2.9%.
The Philippines saw a 2.9% rise in remittances from overseas workers in January 2025, totaling $3.24 billion.
This increase, driven by higher cash remittances from Saudi Arabia, the U.S., Singapore, and the UAE, highlights the ongoing importance of these funds to the country's economy.
With nearly 10 million Filipinos working abroad, personal remittances reached a record $38.34 billion in 2024.
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Filipinas ve remesas récord en 2024, alcanzando los 38.340 millones de dólares, con enero de 2025 un aumento del 2,9%.