Between April and September 2023, about 116.5 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 0.07 billion Philippine pesos.
Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by mode
(in billion Philippine pesos)
One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of October 2024.
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). (September 13, 2024). Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by mode (in billion Philippine pesos) [Graph]. In Statista. Retrieved November 19, 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 2023, by mode (in billion Philippine pesos)." Chart. September 13, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
PSA (Philippines). (2024). Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by mode (in billion Philippine pesos). Statista. Statista Inc.. Accessed: November 19, 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 2023, by Mode (in Billion Philippine Pesos)." Statista, Statista Inc., 13 Sep 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 2023, by mode (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/ (last visited November 19, 2024)
Total amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by mode (in billion Philippine pesos) [Graph], PSA (Philippines), September 13, 2024. [Online]. Available: https://www.statista.com/statistics/1287006/philippines-value-of-remittance-sent-ofws-by-mode/
