Overseas Filipino (OF) cash remittances hit a record US$3.52 billion in December 2025, bringing full-year inflows to an all-time high of US$35.63 billion, 3.3 percent higher than the US$34.49 billion recorded in 2024, according to a Bangko Sentral ng Pilipinas news release Monday (Feb. 16).
The full-year 2025 cash remittances represented 7.3 percent and 6.4 percent of the country’s Gross Domestic Product (GDP) and Gross National Income (GNI), respectively.
The United States remained the top source of cash remittances to the Philippines in 2025, followed by Singapore and Saudi Arabia.
(The BSP noted some limitations on the remittance data by source, saying that a common practice of remittance centers in various cities abroad is to course remittances through correspondent banks, most of which are located in the US.
Also, remittances coursed through money couriers cannot be disaggregated by actual country source and are lodged under the country where the main offices are located, which, in many cases, is in the US.
Therefore, the US would appear to be the main source of OF remittances because banks attribute the origin of funds to the most immediate source. The countries are listed in order of their share of cash remittances, i.e., from highest to lowest.)
Personal remittances, which include cash sent through banks and informal channels as well as remittances in kind, rose to a record US$3.89 billion in December 2025.
For the full year, personal remittances increased by 3.3 percent to an all-time high of US$39.62 billion from US$38.34 billion in 2024.