Money sent home by Filipinos abroad jumped by 3.3% to a record high of $35.634 billion in 2025, the Bangko Sentral ng Pilipinas (BSP) reported on Monday.
Based on central bank data, money remittances rose by 4.2% to $3.522 billion in December from $3.38 billion in the identical month in 2024, as overseas Filipino employees (OFW) sent extra money home for the vacation season.
This brought the whole money remittances for all the 12 months to $35.634 billion, up by 3.3% annually. This exceeded the BSP’s 3% growth estimate or $35.5 billion in remittances.
“Overseas Filipino money remittances hit a record $3.52 billion in December 2025, bringing full-year inflows to an all-time high of $35.63 billion, 3.3% higher than the $34.49 billion recorded in 2024,” the central bank said in an announcement.
Month on month, money sent home by OFWs soared by 21.03% from $2.91 billion in November.
Meanwhile, personal remittances rose by 4.2% to $3.892 billion in December from $3.733 billion a 12 months ago.
This drove full-year personal remittances to $39.619 billion, climbing by 3.3% from the $38.341 billion logged at end-December 2024. — Katherine K. Chan