Workers' remittances paid reached 246 USD mil in 2017 in Philippines, according to the National Statistical Office. This is 25.6 % more than in the previous year.
Historically, workers' remittances paid in Philippines reached an all time high of 246 USD mil in 2017 and an all time low of 1.00 USD mil in 1984. When compared to Philippines's main peers, workers' remittances paid in China amounted to 16,178 USD mil, 5,203 USD mil in Indonesia and 111 USD mil in Vietnam in 2017.
Philippines has been ranked 87th within the group of 142 countries we follow in terms of workers' remittances paid, 11 places above the position seen 10 years ago.
Workers' remittances and compensation of employees comprise current transfers by migrant workers and wages and salaries earned by non-resident workers.