Overseas Filipino workers (OFWs) based in the United States were the leading source of remittances received by the Philippines in 2023. Remittances from the U.S. amounted to around 13.71 billion U.S. dollars. Singapore follows, with remittances amounting to around 2.36 billion U.S. dollars.
Of the 2.33 million Filipino labor migrants employed worldwide in 2023, women accounted for the higher share of OFWs compared to men. In terms of age, most women OFWs were between the age of 30 and 34, while the majority of male OFWs were 45 years old and above.
Leading sources of overseas Filipino (OF) remittances in 2023, by country
(in billion U.S. dollars)
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BSP. (April 15, 2024). Leading sources of overseas Filipino (OF) remittances in 2023, by country (in billion U.S. dollars) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/
BSP. "Leading sources of overseas Filipino (OF) remittances in 2023, by country (in billion U.S. dollars)." Chart. April 15, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/
BSP. (2024). Leading sources of overseas Filipino (OF) remittances in 2023, by country (in billion U.S. dollars). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/
BSP. "Leading Sources of Overseas Filipino (Of) Remittances in 2023, by Country (in Billion U.S. Dollars)." Statista, Statista Inc., 15 Apr 2024, https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/
BSP, Leading sources of overseas Filipino (OF) remittances in 2023, by country (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/ (last visited November 23, 2024)
Leading sources of overseas Filipino (OF) remittances in 2023, by country (in billion U.S. dollars) [Graph], BSP, April 15, 2024. [Online]. Available: https://www.statista.com/statistics/1242763/remittance-overseas-filipino-workers-by-country/