Remittances in Philippines increased to 2609470.90 USD Thousand in May from 2440629.90 USD Thousand in April of 2019. Remittances in Philippines averaged 1028276.29 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.
Remittances in Philippines is expected to be 2450000.00 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 2620000.00 in 12 months time. In the long-term, the Philippines Remittances is projected to trend around 2900000.00 USD Thousand in 2020, according to our econometric models.