According to a survey conducted between April and September 2023, overseas Filipino workers (OFWs) based in Europe had the highest average cash remittances sent to the Philippines, amounting to 156,000 Philippine pesos. This was higher than the average cash remittances sent by OFWs globally. In contrast, OFWs in Asia had the lowest average cash remittances sent.
Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment
(in 1,000 Philippine pesos)
Characteristic
Average cash remittance in thousand 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). Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment (in 1,000 Philippine pesos) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/
PSA (Philippines). "Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment (in 1,000 Philippine pesos)." Chart. September 13, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/
PSA (Philippines). (2024). Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment (in 1,000 Philippine pesos). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/
PSA (Philippines). "Average Amount of Cash Remittances Sent by Overseas Filipino Workers (Ofws) in 2023, by Region of Employment (in 1,000 Philippine Pesos)." Statista, Statista Inc., 13 Sep 2024, https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/
PSA (Philippines), Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment (in 1,000 Philippine pesos) Statista, https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/ (last visited November 21, 2024)
Average amount of cash remittances sent by overseas Filipino workers (OFWs) in 2023, by region of employment (in 1,000 Philippine pesos) [Graph], PSA (Philippines), September 13, 2024. [Online]. Available: https://www.statista.com/statistics/1462661/philippines-average-cash-remittance-ofw-by-region-of-employment/
