Between January to December 2024, preliminary figures indicate that overseas Filipino workers (OFWs) in the Americas sent the highest total cash remittances to the Philippines. Cash remittances from the region reached approximately 15.7 billion U.S. dollars. In comparison, OFWs in Europe sent about 3.9 billion U.S. dollars that year.
Cash remittances refer to the money sent through banks by land-based and sea-based workers.
Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
BSP. (March 17, 2025). Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 06, 2025, from https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. "Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region (in billion U.S. dollars)." Chart. March 17, 2025. Statista. Accessed June 06, 2025. https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. (2025). Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 06, 2025. https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP. "Total Value of Cash Remittances Sent by Overseas Filipino Workers (Ofws) to The Philippines in 2024, by Region (in Billion U.S. Dollars)." Statista, Statista Inc., 17 Mar 2025, https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
BSP, Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/ (last visited June 06, 2025)
Total value of cash remittances sent by overseas Filipino workers (OFWs) to the Philippines in 2024, by region (in billion U.S. dollars) [Graph], BSP, March 17, 2025. [Online]. Available: https://www.statista.com/statistics/1243824/remittance-overseas-filipino-workers-by-region/
