Benise Balaoing

Photo illustration of US dollar to PH peso exchange in this photo taken on September 30, 2022. Gigie Cruz, ABS-CBN News

Article (news)

Remittances

ABS-CBN News

MANILA -- Cash remittances to the Philippines reached a record $35.63 billion in 2025, the Bangko Sentral ng Pilipinas (BSP) said Monday.The BSP said this comes as December remittances reached $3.52 billion. The full-year number is 3.3 percent higher than the $34.49 billion seen in 2024.&quot;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,&quot; the central bank said.The BSP said the United States is the Philippines&#x27; top source of remittances in 2025, followed by Singapore and Saudi Arabia.Personal remittances, meanwhile, also went up 3.3 percent to $39.62 billion in 2025, from $38.34 billion in 2024.Personal remittances, which include cash sent through banks and informal channels and remittances sent in kind, hit $3.89 billion in December.The Philippines is one of the largest recipients of remittances. Money sent home by overseas Filipinos helps power domestic consumption and drive economic growth.Household consumption grew by <a href="https://www.abs-cbn.com/news/business/2026/1/29/philippines-gdp-fourth-quarter-2025-below-target-1012" rel="noopener noreferrer" target="_blank">3.8 percent </a>in 2025, the Philippine Statistics Authority said.<div><a href="https://www.abs-cbn.com/news/business/2026/1/15/cash-remittances-climb-in-november-1606" rel="noopener noreferrer" target="_blank">Cash remittances climb in November</a></div>

Cash remittances to the Philippines reached a record-high $35.63 billion in 2025.

Cash remittances to the Philippines reached a record-high $35.63 billion in 2025.

Cash remittances reach $35.63 billion in 2025

News

Entertainment

Lifestyle

Sports

Metro.Style

More

BINI

Sudoku

Word of the Day

Lotto

Horoscope

Business

Cash remittances reach $35.63 billion in 2025

Benise Balaoing,

ABS-CBN News

Published February 16, 2026 01:45 PM PHT

Read More:

remittances

cash remittances

OFWs

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

ABS-CBN Newsletter

Your go-to source for the latest news, entertainment highlights, exclusive interviews, and updates on your favorite Kapamilya stars.

Sign Up

I have read and agree to the Terms and Privacy Policy.

Haven't received our newsletter?

Check your inbox to verify and confirm your subscription. If you don’t see it, please check your spam or junk folder.

ABS-CBN is the leading media and entertainment company in the Philippines, offering quality content across TV, radio, digital, and film. Committed to public service and promoting Filipino values, ABS-CBN continues to inspire and connect audiences worldwide.

Corporate

Investors

Governance

International Distribution

Corporate

Governance

Investors

International Distribution

NPC Seal of Registration

Privacy Policy

AI Policy

Terms of Service

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.

NPC Seal of Registration

Privacy Policy

Terms of Service

AI Policy

Advertise with Us

© 2026 ABS-CBN Corporation. All Rights Reserved.