Cash remittances from overseas Filipinos rose by 3.7 percent year-on-year to US$2.99 billion in June 2025, up from US$2.88 billion in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP). This steady growth highlights the resilience of remittance inflows and their continued importance in shaping domestic economic policy.
Land-based workers accounted for the bulk of June inflows, sending US$2.43 billion, while sea-based workers contributed US$555 million, both reflecting 3.7 percent and 3.5 percent year-on-year increases, respectively.
For the first half of 2025, cumulative cash remittances rose 3.1 percent to US$16.75 billion from US$16.25 billion in the same period in 2024. The BSP noted that the United States remained the largest reported source of these inflows, followed by Singapore and Saudi Arabia.
The continued rise in remittances contributes positively to household consumption and provides critical support for the country’s current account and exchange rate stability—key considerations for monetary and fiscal policy planning.
Personal remittances, which include informal transfers and in-kind support, also grew 3.7 percent to US$3.33 billion in June, with year-to-date personal remittances reaching US$18.67 billion, up 3.1 percent from a year earlier.
The BSP continues to monitor these trends closely, citing remittances as a key buffer for the economy amid global uncertainties.
