The ocean and the beach in the Philippines

Philippines Remittances

Philippines Remittances

Remittances in Philippines

Remittances averaged USD 28.1 billion in the decade to 2022 and were USD 32.5 billion in 2022.

Philippines Remittances Chart

Note: This chart displays Remittances (USD bn) for Philippines from 2013 to 2022.
Source: Central Bank Philippines.

Philippines Remittances Data

2018 2019 2020 2021 2022
Remittances (USD bn) 24.8 25.6 25.6 27.0 28.0
Consensus Forecasts and Projections for the next ten years

How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Philippine remittances projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable remittances forecast available for Philippine remittances.

Download one of our sample reports to visualize what a Consensus Forecast is and see our Philippine remittances projections.

Want to get access to the full dataset of Philippine remittances forecasts? Send an email to

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