Volume of remittances (in United States dollars) as a proportion of in Philippines
Philippines: Volume of remittances (in United States dollars) as a proportion of was 8.7% in 2024. ▼ Falling
Volume of remittances (in United States dollars) as a proportion of in Philippines, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Philippines is 8.7%, measured in 2024.
That represents a change of down 2.5% on the previous year and down 9.5% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Philippines peaked at 12.8% in 2005 and was at its lowest, 8.3%, in 2000.
That places Philippines 38th out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 25 years of available data.
Volume of remittances (in United States dollars) as a proportion of in Philippines, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 8.3% | — |
| 2001 | 11.1% | +34.1% |
| 2002 | 11.5% | +4.0% |
| 2003 | 11.8% | +1.9% |
| 2004 | 12.1% | +2.6% |
| 2005 | 12.8% | +5.9% |
| 2006 | 12.1% | -5.0% |
| 2007 | 10.5% | -13.2% |
| 2008 | 10.4% | -1.5% |
| 2009 | 11.3% | +9.3% |
| 2010 | 10.3% | -8.8% |
| 2011 | 9.8% | -4.9% |
| 2012 | 9.4% | -4.5% |
| 2013 | 9.4% | +0.2% |
| 2014 | 9.6% | +2.5% |
| 2015 | 9.7% | +0.8% |
| 2016 | 9.8% | +0.5% |
| 2017 | 10.0% | +2.2% |
| 2018 | 9.7% | -2.4% |
| 2019 | 9.3% | -4.3% |
| 2020 | 9.6% | +3.3% |
| 2021 | 9.3% | -3.5% |
| 2022 | 9.4% | +1.1% |
| 2023 | 8.9% | -4.9% |
| 2024 | 8.7% | -2.5% |
Philippines compared with similar countries
- Philippines's 8.7% is above the median for upper middle income countries, which is 3.6%, 2.4× the median. (53 countries reporting)
- Philippines's 8.7% is above the median for East Asia & Pacific, which is 3.8%, 2.3× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) as a proportion of in Philippines changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2001 | +34.1% | 8.3% | 11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.2% | 8.3% | 12.8% | 10 |
| 2010s | 9.7% | 9.3% | 10.3% | 10 |
| 2020s | 9.2% | 8.7% | 9.6% | 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 1.60 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0033 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 13.72 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 7.79 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -17.1 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.016 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 66.71 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 4.46 % change on previous year (2025)
Frequently asked questions
- What is volume of remittances (in united states dollars) as a proportion of in Philippines?
- Volume of remittances (in united states dollars) as a proportion of in Philippines was 8.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Philippines?
- The highest recorded value was 12.8% in 2005.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Philippines?
- The lowest recorded value was 8.3% in 2000.
- How does Philippines rank for volume of remittances (in united states dollars) as a proportion of?
- Philippines ranks 38th out of 203 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Philippines?
- Over the last ten years it is down 9.5%. The long-run trend across the full record is falling.
- Where does this Philippines data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).