Our OFWs are keeping us afloat!
OFWs sent us a total of 24.3 Billion US Dollars in 2014, based on data from the BSP.
This total includes only remittances that passed through the Philippines banking system.
It’s estimated that 2.62 Billion US Dollars were sent through personal or padala networks in 2014, bringing the overall total of OFW remittances in 2014 to 26.9 Billion US Dollars.
BILLION-DOLLAR SOURCES: THE TOP 5
| Country | Total Remittance in US Dollars | |
| 1. | United States | 10.4 billion |
| 2. | Saudi Arabia | 2.6 billion |
| 3. | United Arab Emirates | 1.7 billion |
| 4. | United Kingdom | 1.4 billion |
| 5. | Singapore | 1.2 billion |
MULTI-MILLION-DOLLAR SOURCES
| 6. | Japan | 981.9 million |
| 7. | Hong Kong | 694.1 million |
| 8. | Canada | 650.9 million |
| 9. | Germany | 603.6 million |
| 10. | Australia | 427.1 million |
| 11. | Qatar | 426.9 million |
| 12. | Norway | 363.9 million |
| 13. | Greece | 335.4 million |
| 14. | Kuwait | 297.5 million |
| 15. | Taiwan | 213.5 million |
| 16. | Malaysia | 198.1 million |
| 17. | South Korea | 182.9 million |
| 18. | Bahrain | 171.7 million |
| 19. | Netherlands | 148.3 million |
| 20. | Italy | 136.5 million |
| 21. | Oman | 119.3 million |
TIER-3 SOURCES
| 22. | Switzerland | 99.8 million |
| 23. | France | 91.8 million |
| 24. | Guam | 87.0 million |
| 25. | Denmark | 62.3 million |
| 26. | Israel | 52.4 million |
| 27. | New Zealand | 51.7 million |
| 28. | Belgium | 50.8 million |
| 29. | Spain | 35.9 million |
| 30. | Cyprus | 33.4 million |
| 31. | China | 31.6 million |
| 32. | Panama | 30.8 million |
| 33. | Russia | 29.4 million |
| 34. | Lebanon | 20.8 million |
| 35. | Brunei | 17.1 million |
| 36. | Sweden | 16.5 million |
| 37. | Indonesia | 16.2 million |
| 38. | Austria | 16.0 million |
| 39. | Thailand | 14.0 million |
| 40. | Papua New Guinea | 12.4 million |
| 41. | Ireland | 11.6 million |
| 42. | Monaco | 11.4 million |
| 43. | Virgin Islands | 10.1 million |
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