Net secondary income (Net current transfers from abroad) in Philippines
Philippines: Net secondary income (Net current transfers from abroad) was 1.79 trillion current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Philippines, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Philippines stood at 1.79 trillion current LCU. That is the highest value across all 27 years on record.
That represents a change of up 6.0% on the previous year and up 85.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Philippines peaked at 1.79 trillion current LCU in 2024 and was at its lowest, 20.00 billion current LCU, in 1998.
That places Philippines 27th out of 202 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Philippines, year by year
| Year | current LCU | Change |
|---|---|---|
| 1998 | 20.00 billion current LCU | — |
| 1999 | 22.35 billion current LCU | +11.8% |
| 2000 | 242.63 billion current LCU | +985.6% |
| 2001 | 338.89 billion current LCU | +39.7% |
| 2002 | 384.74 billion current LCU | +13.5% |
| 2003 | 478.06 billion current LCU | +24.3% |
| 2004 | 505.59 billion current LCU | +5.8% |
| 2005 | 605.41 billion current LCU | +19.7% |
| 2006 | 659.64 billion current LCU | +9.0% |
| 2007 | 636.17 billion current LCU | -3.6% |
| 2008 | 669.96 billion current LCU | +5.3% |
| 2009 | 746.13 billion current LCU | +11.4% |
| 2010 | 754.22 billion current LCU | +1.1% |
| 2011 | 771.82 billion current LCU | +2.3% |
| 2012 | 796.93 billion current LCU | +3.3% |
| 2013 | 863.74 billion current LCU | +8.4% |
| 2014 | 962.21 billion current LCU | +11.4% |
| 2015 | 1.02 trillion current LCU | +6.1% |
| 2016 | 1.15 trillion current LCU | +12.4% |
| 2017 | 1.27 trillion current LCU | +10.9% |
| 2018 | 1.37 trillion current LCU | +7.5% |
| 2019 | 1.40 trillion current LCU | +2.6% |
| 2020 | 1.33 trillion current LCU | -5.0% |
| 2021 | 1.40 trillion current LCU | +5.2% |
| 2022 | 1.60 trillion current LCU | +14.2% |
| 2023 | 1.68 trillion current LCU | +5.1% |
| 2024 | 1.79 trillion current LCU | +6.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.17 billion current LCU | 20.00 billion current LCU | 22.35 billion current LCU | 2 |
| 2000s | 526.72 billion current LCU | 242.63 billion current LCU | 746.13 billion current LCU | 10 |
| 2010s | 1.04 trillion current LCU | 754.22 billion current LCU | 1.40 trillion current LCU | 10 |
| 2020s | 1.56 trillion current LCU | 1.33 trillion current LCU | 1.79 trillion current LCU | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 4.98 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 6.4 Percent per annum (2029)
- Gross domestic savings (current US$), annual growth rate -4.04 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.0845 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 352.34 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate -3.68 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 4.86 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 20,262 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 9.42 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 1.16 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Philippines?
- Net secondary income (net current transfers from abroad) in Philippines was 1.79 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Philippines?
- The highest recorded value was 1.79 trillion current LCU in 2024.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Philippines?
- The lowest recorded value was 20.00 billion current LCU in 1998.
- How does Philippines rank for net secondary income (net current transfers from abroad)?
- Philippines ranks 27th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Philippines?
- Over the last ten years it is up 85.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 27 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.