Between January to December 2023, preliminary figures show that overseas Filipino workers (OFWs) in the Americas accounted for the highest total cash remittances sent to the Philippines. Cash remittances from the region reached approximately 15.38 billion U.S. dollars. In comparison, OFWs in Europe sent about 3.82 billion U.S. dollars that year.
Cash remittances refer to the money sent through banks by land-based and sea-based workers.
Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region
(in billion U.S. dollars)
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BSP. (February 14, 2024). Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. "Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region (in billion U.S. dollars)." Chart. February 14, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. (2024). Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. "Total Value of Cash Remittances Sent by Overseas Filipino Workers (Ofws) to The Philippines in 2023, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 14 Feb 2024, https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP, Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/ (last visited December 30, 2024)
Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2023, by region (in billion U.S. dollars) [Graph], BSP, February 14, 2024. [Online]. Available: https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
