Between April and September 2022, about 83 billion Philippine pesos worth of remittances sent by overseas Filipino workers (OFWs) were sent through bank transfers, making it the most used transfer mode. Meanwhile, remittances sent through friends or co-workers amounted to approximately 0.09 billion Philippine pesos.
Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode
(in billion Philippine pesos)
One Philippines peso is equal to 0.018 U.S. dollars and 0.017 euros as of October 2023.
Figures are estimates that covers overseas Filipinos whose departure occurred within the last five years and who are working or had worked abroad during the survey period.
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PSA (Philippines). (October 11, 2023). Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode (in billion Philippine pesos) [Graph]. In Statista. Retrieved October 02, 2024, from https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
PSA (Philippines). "Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode (in billion Philippine pesos)." Chart. October 11, 2023. Statista. Accessed October 02, 2024. https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
PSA (Philippines). (2023). Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode (in billion Philippine pesos). Statista. Statista Inc.. Accessed: October 02, 2024. https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
PSA (Philippines). "Total Amount of Cash Remittances Sent by Overseas Filipino Workers (Ofws) in 2022, by Mode (in Billion Philippine Pesos)." Statista, Statista Inc., 11 Oct 2023, https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
PSA (Philippines), Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/ (last visited October 02, 2024)
Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2022, by mode (in billion Philippine pesos) [Graph], PSA (Philippines), October 11, 2023. [Online]. Available: https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/