The personal remittances received as share of the gross domestic product in the Philippines declined to 8.94 percent in 2023. The personal remittances received thereby reached their lowest value in recent years. 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.
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World Bank. (September 19, 2024). Personal remittances received as share of the gross domestic product (GDP) in the Philippines from 2014 to 2023 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/
World Bank. "Personal remittances received as share of the gross domestic product (GDP) in the Philippines from 2014 to 2023." Chart. September 19, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/
World Bank. (2024). Personal remittances received as share of the gross domestic product (GDP) in the Philippines from 2014 to 2023. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/
World Bank. "Personal Remittances Received as Share of The Gross Domestic Product (Gdp) in The Philippines from 2014 to 2023." Statista, Statista Inc., 19 Sep 2024, https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/
World Bank, Personal remittances received as share of the gross domestic product (GDP) in the Philippines from 2014 to 2023 Statista, https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/ (last visited October 06, 2024)
Personal remittances received as share of the gross domestic product (GDP) in the Philippines from 2014 to 2023 [Graph], World Bank, September 19, 2024. [Online]. Available: https://www.statista.com/statistics/1241883/remittance-share-of-gdp-philippines/