Preliminary figures for 2023 revealed that Filipinos working in South Korea sent around 835 million U.S. dollars in cash remittances to the Philippines, reflecting an increase from the previous year. Cash remittances sent to the Philippines from South Korea doubled between 2018 and 2019 and has continuously increased since then.
Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023
(in million U.S. dollars)
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BSP. (April 15, 2024). Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 20, 2024, from https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/
BSP. "Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023 (in million U.S. dollars)." Chart. April 15, 2024. Statista. Accessed November 20, 2024. https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/
BSP. (2024). Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 20, 2024. https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/
BSP. "Total Value of Cash Remittances Sent by Overseas Filipino Workers (Ofws) Based in South Korea from 2014 to 2023 (in Million U.S. Dollars)." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/
BSP, Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/ (last visited November 20, 2024)
Total value of cash remittances sent by overseas Filipino workers (OFWs) based in South Korea from 2014 to 2023 (in million U.S. dollars) [Graph], BSP, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/1070021/philippines-value-cash-remittances-overseas-filipino-workers-south-korea/