Remittances received as share of GDP Philippines 2013-2022
In 2022, the personal remittances received as share of the gross domestic product in the Philippines remained nearly unchanged at around 9.41 percent.
Personal remittances refer to personal transfers – whether in cash or in kind – sent from a non-resident person to a resident. The indicator also includes the compensation of employees who do not reside in the country of employment. These employees are usually border, seasonal, short-term workers, or residents who are employed by entities registered abroad.
Find more statistics on other topics about the Philippines with key insights such as charges for the use of intellectual property, annual growth of gross capital formation, and personal remittances received.
Personal remittances refer to personal transfers – whether in cash or in kind – sent from a non-resident person to a resident. The indicator also includes the compensation of employees who do not reside in the country of employment. These employees are usually border, seasonal, short-term workers, or residents who are employed by entities registered abroad.
Find more statistics on other topics about the Philippines with key insights such as charges for the use of intellectual property, annual growth of gross capital formation, and personal remittances received.
