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BSP: OFW Remittances Rise Two Percent in April Despite Monthly Dip

  • Arwen Gutierrez
  • Business & Finance
  • June 15, 2026

Cash remittances from overseas Filipinos increased by two percent year-on-year to US$2.718 billion in April 2026, up from US$2.664 billion in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP).

However, the April figure reflected a decline from March’s US$2.874 billion and marked the lowest monthly inflow in 11 months, when remittances reached US$2.658 billion in May 2025.

Despite the monthly slowdown, total cash remittances for the January–April period rose to US$11.39 billion, up 2.6 percent from US$11.10 billion recorded in the same period last year.

Personal remittances, which include both cash and in-kind transfers, also increased by 2.1 percent to US$3.037 billion in April from US$2.975 billion a year earlier. Cumulative personal remittances for the first four months reached US$12.701 billion, a 2.7 percent rise from 2025 levels.

The United States remained the largest source of remittances in April, followed by Singapore and Saudi Arabia, underscoring continued strong inflows from major overseas Filipino worker destinations.

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