Net secondary income (Net current transfers from abroad) in Philippines
Philippines: Net secondary income (Net current transfers from abroad) was 31.17 billion current US$ 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 US$.
Analysis
The most recent figure for net secondary income (net current transfers from abroad) in Philippines is 31.17 billion current US$, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 3.0% on the previous year and up 43.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Philippines peaked at 31.17 billion current US$ in 2024 and was at its lowest, 488.96 million current US$, in 1998.
That places Philippines 5th out of 202 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net secondary income (Net current transfers from abroad) in Philippines, year by year
| Year | current US$ | Change |
|---|---|---|
| 1998 | 488.96 million current US$ | — |
| 1999 | 571.79 million current US$ | +16.9% |
| 2000 | 5.49 billion current US$ | +860.2% |
| 2001 | 6.65 billion current US$ | +21.0% |
| 2002 | 7.46 billion current US$ | +12.2% |
| 2003 | 8.82 billion current US$ | +18.3% |
| 2004 | 9.02 billion current US$ | +2.3% |
| 2005 | 10.99 billion current US$ | +21.8% |
| 2006 | 12.85 billion current US$ | +17.0% |
| 2007 | 13.79 billion current US$ | +7.2% |
| 2008 | 15.12 billion current US$ | +9.6% |
| 2009 | 15.65 billion current US$ | +3.5% |
| 2010 | 16.72 billion current US$ | +6.8% |
| 2011 | 17.82 billion current US$ | +6.6% |
| 2012 | 18.87 billion current US$ | +5.9% |
| 2013 | 20.35 billion current US$ | +7.8% |
| 2014 | 21.67 billion current US$ | +6.5% |
| 2015 | 22.43 billion current US$ | +3.5% |
| 2016 | 24.15 billion current US$ | +7.7% |
| 2017 | 25.24 billion current US$ | +4.5% |
| 2018 | 25.97 billion current US$ | +2.9% |
| 2019 | 27.10 billion current US$ | +4.3% |
| 2020 | 26.88 billion current US$ | -0.8% |
| 2021 | 28.48 billion current US$ | +5.9% |
| 2022 | 29.41 billion current US$ | +3.3% |
| 2023 | 30.28 billion current US$ | +3.0% |
| 2024 | 31.17 billion current US$ | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 530.38 million current US$ | 488.96 million current US$ | 571.79 million current US$ | 2 |
| 2000s | 10.58 billion current US$ | 5.49 billion current US$ | 15.65 billion current US$ | 10 |
| 2010s | 22.03 billion current US$ | 16.72 billion current US$ | 27.10 billion current US$ | 10 |
| 2020s | 29.24 billion current US$ | 26.88 billion current US$ | 31.17 billion current US$ | 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)
- Net primary income (Net income from abroad) (current LCU), annual 22.01 % change on previous year (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0124 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 80.53 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 58.8 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.017 (2025)
- Gdp worldbank constant usd, annual growth rate 4.4 % change on previous year (2025)
- Gdp worldbank constant usd, per unit of GDP 0.9749 units per US$ of GDP (2025)
- Gdp worldbank constant usd, per capita 4,066 units per person (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 31.17 billion current US$ 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 31.17 billion current US$ in 2024.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Philippines?
- The lowest recorded value was 488.96 million current US$ in 1998.
- How does Philippines rank for net secondary income (net current transfers from abroad)?
- Philippines ranks 5th 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 43.8%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.