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Philippine remittances hit a record $39.62B in 2025, driven by strong U.S. and regional flows, supporting household spending.
Philippine personal remittances hit a record $39.62 billion in 2025, a 3.3% increase from 2024, driven by strong December inflows of $3.89 billion, including $3.52 billion in cash via formal channels.
Cash remittances rose 4.2% in December and totaled $35.63 billion for the year, surpassing the BSP’s forecast.
The U.S. was the top source, followed by Singapore and Saudi Arabia.
Remittances accounted for 7.3% of GDP and supported household spending despite slower economic growth.
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Las remesas filipinas alcanzaron un récord de $ 39.62B en 2025, impulsadas por fuertes flujos estadounidenses y regionales, que apoyan el gasto de los hogares.