Remittances in Philippines increased to 2783000 USD Thousand in July from 2465332.60 USD Thousand in June of 2020.

Remittances in Philippines averaged 1081563.37 USD Thousand from 1989 until 2020, reaching an all time high of 2902415.60 USD Thousand in December of 2019 and a record low of 64208 USD Thousand in February of 1989. This page provides - Philippines Remittances - actual values, historical data, forecast, chart, statistics, economic calendar and news. Philippines Remittances - values, historical data and charts - was last updated on September of 2020. source: Bangko Sentral ng Pilipinas

Remittances in Philippines is expected to be 2452052.00 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 2469298.00 in 12 months time. In the long-term, the Philippines Remittances is projected to trend around 2480795.00 USD Thousand in 2021 and 2509084.00 USD Thousand in 2022, according to our econometric models.

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Philippines Remittances

Actual Previous Highest Lowest Dates Unit Frequency
2783000.00 2465332.60 2902415.60 64208.00 1989 - 2020 USD Thousand Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -1827000.00 -1375480.00 1144700.00 -4415446.66 USD Thousand [+]
Current Account 1041.43 1056.87 2284.16 -1409.65 USD Million [+]
Current Account to GDP 2.20 -0.70 5.80 -7.70 percent [+]
Imports 7480870.00 6756540.00 10724291.25 37084.30 USD Thousand [+]
Exports 5653530.00 5381060.00 6341727.87 23000.00 USD Thousand [+]
External Debt 83617.93 78959.57 83617.93 20893.00 USD Million [+]
Capital Flows 5.03 5.23 93.66 -35.31 USD Million [+]
Remittances 2783000.00 2465332.60 2902415.60 64208.00 USD Thousand [+]
Tourist Arrivals 776798.00 684063.00 776798.00 63628.00 [+]
Gold Reserves 197.90 197.90 274.42 126.89 Tonnes [+]
Terrorism Index 7.14 7.18 7.27 5.78 [+]
Foreign Direct Investment 481.00 399.00 2256.00 -396.00 USD Million [+]


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