The Philippines saw sustained growth in cash remittances in July of this year, with remittances from sea-based overseas Filipinos (OFs) increasing slightly faster than funds from land-based OFs.

These remittances rose from $3.08 billion in July 2024 to $3.18 billion in July 2025, marking a 3.0 percent increase.

Of that figure, land-based OFs accounted for the much bigger share of $2.59 billion (up 3.0 percent year-on-year), while the sea-based OFs accounted for the smaller share of $585 million (up 3.1 percent).

In January-July 2025, cumulative cash remittances rose from $19.33 billion in January-July 2024 to $19.93 billion, indicating a 3.1 percent growth.

The United States remained the top source of remittances to the Philippines during January-July 2025, followed by Singapore and Saudi Arabia.

The increase in cash remittances drove an increase in personal remittances. Personal remittances include cash sent through banks and informal channels, along with remittances in kind.

Personal remittances rose by 3.1 percent from $3.43 billion in July 2024 to $3.53 billion in July 2025.

Cumulative personal remittances also increased by 3.1 percent from $21.53 billion recorded in January-July 2024 to $22.21 billion in January-July 2025. Bangko Sentral ng Pilipinas