Personal remittances from overseas Filipinos (OFs) rose by 4.1 percent year-on-year to US$2.97 billion in April 2025, from US$2.86 billion in the same month last year, according to data released by the Bangko Sentral ng Pilipinas (BSP). The latest figures underscore the resilience of remittance inflows, an important source of liquidity for the economy and driver of household consumption.
The BSP reported that cumulative personal remittances from January to April 2025 reached US$12.37 billion, up by 3 percent from US$12.01 billion in the comparable period last year. On a seasonally adjusted basis, remittances in April also increased by 1.6 percent month-on-month, highlighting a steady growth trend despite global uncertainties.
Cash remittances coursed through banks — a major component of total inflows — rose to US$2.66 billion in April 2025, up 4 percent from US$2.56 billion a year ago. Year-to-date bank cash remittances hit US$11.11 billion, a 3 percent increase from the US$10.78 billion recorded in the first four months of 2024.
According to the BSP, higher remittance flows from the United States, Saudi Arabia, Singapore, and the United Arab Emirates contributed significantly to the increase. The U.S. remained the largest source of cash remittances, followed by Singapore and Saudi Arabia.
The consistent expansion of remittance inflows supports domestic consumption and foreign exchange liquidity, bolstering overall economic stability amid moderating global growth. The BSP continues to monitor these flows closely as a vital component of external account resilience.
