Top Sources of OFW Jobs and OFW Remittances in Asia 2011

Of the about $6.2 billion of OFW money sent to the Philippines for the first 4 months of 2011,

about 13.24 percent or $822.43 million came from OFWs working in other Asian countries, according to data compiled by the Bangko Sentral ng Pilipinas.

With a growth rate of 442%, remittances from Mongolia showed the highest rate of increase compared to remittances in the first 4 months of 2010. India followed, with an increase rate of almost 102%. The biggest drop rates were seen in remittances from Pakistan, Macau, Maldive Islands and Vietnam.

Rank¬†   Asian Country     Remittance Jan-Apr 2011
in US dollars
1. Japan 296.40 million
2. Singapore 255.37 million
3. Hongkong 121.54 million
4. Taiwan 51.75 million
5. South Korea 44.75 million
6. Malaysia 31.63 million
7. China 8.76 million
8. Indonesia 5.14 million
9. Thailand 2.07 million
10. Brunei 1.41 million
11. India 1.19 million
12. Vietnam 777 thousand
13. Cambodia 339 thousand
14. Mongolia 320 thousand
15. Macau 266 thousand
16. Sri Lanka 206 thousand
17. Afghanistan 148 thousand
18. Laos 119 thousand
19. Bangladesh 110 thousand
20. Maldive Islands 47 thousand
21. Pakistan 34 thousand
22. Nepal 33 thousand
23. East Timor 1 thousand
– Bhutan 0
– Myanmar 0
– North Korea 0

Note for North Korea:  A total of US$ 7.55 million were remitted from North Korea from 2006 to 2007. According to a 2006 issue of Manila Standard Today, some Filipinos worked during those years for United Nations agencies and the British-American Tobacco Co. and the others were musicians.

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