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.

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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