The personal remittances received in the Philippines increased by 1.1 billion U.S. dollars (+2.89 percent) since the previous year. While the growth is slowing down, with 39.1 billion U.S. dollars, the personal remittances received are at their peak in the observed period. A remittance is a non-commercial transfer of money by a nonresident worker, a member of a diaspora community, or a citizen with familial ties abroad, for household income in their home country. Workers’ remittances are a significant part of international capital flows, especially regarding labor-exporting countries.
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World Bank. (May 30, 2024). Total value of personal remittances received in the Philippines from 2014 to 2023 (in billion U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/880780/philippines-value-of-remittances/
World Bank. "Total value of personal remittances received in the Philippines from 2014 to 2023 (in billion U.S. dollars)." Chart. May 30, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/880780/philippines-value-of-remittances/
World Bank. (2024). Total value of personal remittances received in the Philippines from 2014 to 2023 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/880780/philippines-value-of-remittances/
World Bank. "Total Value of Personal Remittances Received in The Philippines from 2014 to 2023 (in Billion U.S. Dollars)." Statista, Statista Inc., 30 May 2024, https://www.statista.com/statistics/880780/philippines-value-of-remittances/
World Bank, Total value of personal remittances received in the Philippines from 2014 to 2023 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/880780/philippines-value-of-remittances/ (last visited July 22, 2024)
Total value of personal remittances received in the Philippines from 2014 to 2023 (in billion U.S. dollars) [Graph], World Bank, May 30, 2024. [Online]. Available: https://www.statista.com/statistics/880780/philippines-value-of-remittances/