PH remittances hit USD 3.2B in July 2025

Cash remittances to the Philippines reached USD 3.18 billion in July 2025, reflecting a 3.0 percent year-on-year growth from USD 3.08 billion in July 2024.

The increase was driven by both land-based and sea-based overseas Filipinos (OFs), with sea-based workers recording slightly faster growth.

Land-based OFs contributed USD 2.59 billion, representing a 3.0 percent rise compared to the same month last year.

Sea-based OFs sent USD 585 million in July 2025, marking a 3.1 percent increase year-on-year.

From January to July 2025, total cash remittances climbed to USD 19.93 billion, up 3.1 percent from USD 19.33 billion in the same period in 2024.

The United States remained the top source of remittances, followed by Singapore and Saudi Arabia, based on bank-attributed flows.

However, authorities note that remittance data may overrepresent the U.S. due to the routing of transfers through U.S.-based correspondent banks and money couriers.

In addition to cash remittances, personal remittances — which include transfers through informal channels and remittances in kind — also saw a similar increase.

Personal remittances rose by 3.1 percent from USD 3.43 billion in July 2024 to USD 3.53 billion in July 2025.

Cumulatively, personal remittances from January to July 2025 totaled USD 22.21 billion, up from USD 21.53 billion in the same period last year.

On a seasonally adjusted month-on-month basis, personal remittances in July 2025 grew by 0.3 percent.

The steady growth in remittances continues to support household consumption, which remains a key driver of the Philippine economy.