Remittances in Philippines decreased to 2372398.50 USD Thousand in November from 2671198.90 USD Thousand in October of 2019. Remittances in Philippines averaged 1051772.67 USD Thousand from 1989 until 2019, reaching an all time high of 2849065.80 USD Thousand in December of 2018 and a record low of 64208 USD Thousand in February of 1989. source: Bangko Sentral ng Pilipinas

Remittances in Philippines is expected to be 2630000.00 USD Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Remittances in Philippines to stand at 3000000.00 in 12 months time. In the long-term, the Philippines Remittances is projected to trend around 3080000.00 USD Thousand in 2020, according to our econometric models.

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Philippines Remittances

Actual Previous Highest Lowest Dates Unit Frequency
2372398.50 2671198.90 2849065.80 64208.00 1989 - 2019 USD Thousand Monthly
Current Prices, NSA


Philippines Remittances
In the Philippines, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances).

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -3341861.07 -3240253.49 1144700.00 -4415446.66 USD Thousand [+]
Current Account -81.51 664.11 1810.97 -1409.65 USD Million [+]
Current Account to GDP -2.40 -0.70 5.80 -7.70 percent [+]
Imports 8938342.63 9567715.99 10724291.25 37084.30 USD Thousand [+]
Exports 5596481.56 6327462.51 6327462.51 23000.00 USD Thousand [+]
External Debt 78959.57 73097.87 79949.42 20893.00 USD Million [+]
Capital Flows 5.70 5.70 93.66 -35.31 USD Million [+]
Remittances 2372398.50 2671198.90 2849065.80 64208.00 USD Thousand [+]
Tourist Arrivals 638549.00 606553.00 766865.00 63628.00 [+]
Gold Reserves 197.93 197.93 274.42 126.89 Tonnes [+]
Terrorism Index 7.14 7.18 7.27 5.78 [+]
Foreign Direct Investment 672.00 566.00 2256.00 -396.00 USD Million [+]