Remittance inflows from overseas Filipino workers softened in November 2025, reaching their weakest point in half a year, based on new figures released by Bangko Sentral ng Pilipinas.
The central bank reported that cash remittances for the month amounted to $2.91 billion, a decline of roughly $210 million from October’s level. Although the November total exceeded the $2.8 billion posted in the same month last year, it was the smallest monthly inflow recorded since May 2025, when remittances stood at $2.66 billion.
Data from the BSP showed that land-based Filipino workers accounted for the bulk of November inflows, sending $2.30 billion, while sea-based workers contributed $0.61 billion.
Despite the monthly dip, remittances continued to expand when viewed over a longer horizon. From January to November 2025, cumulative cash remittances reached $32.11 billion, up 3.2 percent from $31.11 billion in the comparable period in 2024.
In terms of origin, the United States remained the largest source of remittances during the first 11 months of the year, followed by Singapore and Saudi Arabia.
The BSP also reported that personal remittances—which cover cash sent through formal and informal channels as well as transfers in kind—totaled $3.23 billion in November. For the January–November period, personal remittances rose by 3.2 percent to $35.73 billion, compared with $34.61 billion a year earlier.
In recent years, remittances have consistently contributed between 8.3 percent and 8.9 percent of the country’s gross domestic product, with full-year inflows in 2024 reaching $38.34 billion, equivalent to 8.3 percent of GDP.
