Philippines
Inward remittancesGlobal rank #4
$40.3B
Outward remittancesGlobal rank #76
$269M
Net remittance positionNet recipient2024
$40.0B
Inflows are 149.80× outflows
Inward vs. outward remittance trends
Annual nominal transfers in billions USD (2000–2024)
OutwardInward
| Year | Inward ($B) | Outward ($B) | Net Position ($B) |
|---|---|---|---|
| 2000 | 6.92 | 0.00 | 6.92 |
| 2001 | 8.76 | 0.00 | 8.76 |
| 2002 | 9.73 | 0.00 | 9.73 |
| 2003 | 10.24 | 0.00 | 10.24 |
| 2004 | 11.47 | 0.00 | 11.47 |
| 2005 | 13.73 | 0.20 | 13.54 |
| 2006 | 15.50 | 0.06 | 15.43 |
| 2007 | 16.44 | 0.07 | 16.37 |
| 2008 | 18.85 | 0.12 | 18.73 |
| 2009 | 19.96 | 0.09 | 19.87 |
| 2010 | 21.56 | 0.11 | 21.45 |
| 2011 | 23.05 | 0.13 | 22.92 |
| 2012 | 24.61 | 0.15 | 24.46 |
| 2013 | 26.72 | 0.21 | 26.51 |
| 2014 | 28.69 | 0.18 | 28.51 |
| 2015 | 29.80 | 0.15 | 29.65 |
| 2016 | 31.14 | 0.20 | 30.95 |
| 2017 | 32.81 | 0.25 | 32.56 |
| 2018 | 33.81 | 0.26 | 33.55 |
| 2019 | 35.17 | 0.23 | 34.94 |
| 2020 | 34.88 | 0.21 | 34.67 |
| 2021 | 36.69 | 0.26 | 36.43 |
| 2022 | 38.05 | 0.30 | 37.75 |
| 2023 | 39.10 | 0.31 | 38.79 |
| 2024 | 40.28 | 0.27 | 40.01 |
Corridor cost and speed
Fee, FX margin, total cost and transfer speed for money received into Philippines.
| Sending Country | Send $200 | Send $500 | Speed | Survey Period | |||||
|---|---|---|---|---|---|---|---|---|---|
| Fee | FX Margin | Total Cost | Fee | FX Margin | Total Cost | Under 1 Hour | Same Day or Faster | ||
| Qatar | 1.67% | 0.85% | 2.51% | 0.67% | 0.85% | 1.51% | 50.00% | 50.00% | Q3 2025 |
| Australia | 2.23% | 0.38% | 2.61% | 1.09% | 0.38% | 1.47% | 35.29% | 47.06% | Q3 2025 |
| Spain | 2.03% | 0.88% | 2.91% | 0.91% | 0.71% | 1.62% | 39.13% | 65.22% | Q3 2025 |
| Kuwait | 1.91% | 1.03% | 2.94% | 0.83% | 1.03% | 1.86% | 6.67% | 96.67% | Q3 2025 |
| United Arab Emirates | 2.80% | 0.24% | 3.04% | 1.37% | 0.24% | 1.61% | 42.86% | 47.62% | Q3 2025 |
| Singapore | 2.26% | 0.90% | 3.16% | 1.18% | 0.90% | 2.08% | 42.11% | 68.42% | Q3 2025 |
| United Kingdom | 2.33% | 1.00% | 3.33% | 1.00% | 1.00% | 2.00% | 60.53% | 78.95% | Q3 2025 |
| Canada | 3.08% | 0.47% | 3.55% | 1.44% | 0.47% | 1.91% | 43.24% | 51.35% | Q3 2025 |
| Saudi Arabia | 3.06% | 0.75% | 3.82% | 1.23% | 0.75% | 1.98% | 40.00% | 100.00% | Q3 2025 |
| Malaysia | 2.43% | 1.49% | 3.92% | 1.03% | 1.49% | 2.53% | 54.05% | 70.27% | Q3 2025 |
| New Zealand | 3.09% | 0.96% | 4.05% | 1.32% | 0.96% | 2.27% | 37.93% | 55.17% | Q3 2025 |
| Italy | 3.72% | 0.72% | 4.44% | 1.67% | 0.61% | 2.29% | 54.55% | 69.70% | Q3 2025 |
| United States | 3.11% | 1.40% | 4.52% | 1.81% | 1.06% | 2.87% | 51.72% | 56.90% | Q3 2025 |
| Japan | 11.68% | 1.20% | 12.88% | 5.32% | 1.20% | 6.53% | 33.33% | 44.44% | Q3 2025 |
Corridor-balanced summary
Unweighted medians across 14 inbound corridors
- Median cost ($200)
- 3.44% Median across corridors
- Median cost ($500)
- 1.99% Median across corridors
- Under 1 Hour
- 42.48% Median corridor share
- Same Day or Faster
- 61.06% Median corridor share
Cost vs. speed
Each dot represents a corridor · $200 transfer
Hover over or focus a dot for corridor details.
Sources
| Dataset | Source / Publisher | Release / Period | Link |
|---|---|---|---|
| Remittance Flows Datasets | World Bank | July 2025 | Open |
| Remittance Prices Worldwide | World Bank | Q3 2025 | Open |
Methodology
Figures shown on this page include calculations derived from the underlying datasets.
View full methodology