Remittances in Philippines decreased to 2482665 USD Thousand in August from 2783000 USD Thousand in July of 2020.

Remittances in Philippines averaged 1085250.48 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 October of 2020. source: Bangko Sentral ng Pilipinas

Remittances in Philippines is expected to be 2457800.00 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 2473222.00 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
2482665.00 2783000.00 2902415.60 64208.00 1989 - 2020 USD Thousand Monthly
Current Prices, NSA

Philippines Trade Last Previous Highest Lowest Unit
Balance of Trade -2075000.00 -1827000.00 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 7204140.00 7540610.00 10724291.25 37084.30 USD Thousand [+]
Exports 5128230.00 5680960.00 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 2482665.00 2783000.00 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 797.00 481.00 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).