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Friday, October 23, 2026
Economic Tracker

Steady gains: OFW inflows rise to $5.8B in first two months of 2026, US remains top source

Cash sent home by overseas Filipinos climbed 2.6% in February to $2.79 billion, according to the Bangko Sentral ng Pilipinas (BSP).

The steady inflows, a key driver of domestic consumption, pushed year-to-date remittances up 3.1% to $5.81 billion. Personal remittances, which include cash transfers through banks and informal channels as well as in‑kind contributions, also grew 2.6% to $3.10 billion in February.

For the first two months of 2026, personal remittances rose 3.1% to $6.46 billion.

The United States remained the top source of cash remittances, followed by Singapore, Saudi Arabia, Japan, the United Kingdom and the United Arab Emirates.

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