MANILA, Dec. 15 (Xinhua) -- Personal remittances from overseas Filipinos reached 3.52 billion U.S. dollars in October 2025 from 3.46 billion dollars in September, the Bangko Sentral ng Pilipinas (BSP) said Monday.
From January to October 2025, the BSP added that cumulative personal remittances amounted to 32.49 billion dollars compared to 28.97 billion dollars in the same period in 2024.
Personal remittances include cash sent through banks and informal channels, as well as in-kind transfers.
The United States remained the top source of remittances during the 10 months, followed by Singapore and Saudi Arabia.
Remittances from about 10 million overseas Filipinos remain a vital pillar of the Philippine economy, accounting for roughly 9 percent of GDP and placing the country among the world's top 10 remittance recipients, according to the ADB.
With more than 2 million migrant workers deployed annually since 2016, remittance inflows, benefiting nearly 30 percent of households, support education, health care, housing, savings, and small business growth, delivering broad macroeconomic gains, the BSP said. ■