REMITTANCES FROM U.S. STILL TOP OF LIST

As usual, overseas remittances in the country are still led by Filipinos in the U.S. Figures from the Central Bank of the Philippines for 2008 show total remittances of US$7.825 Billion from Filipinos in the U.S, followed by Saudi Arabia and Canada, with $1.387 Billion and $1.308 Billion, respectively.

Rounding the other top 15 countries are (in order) United Kingdom, Italy, UAE, Japan, Singapore, Hong Kong, Germany, Taiwan, Norway, Australia, Kuwait, and Qatar.

The Filipinos in the U.S have consistently topped the CB's Remittances of Overseas Filipinos. These figures by CB are based on reports from banks and other financial institutions. Below is the summary of the listing.

Remittances of Overseas Filipinos
Top 15 Countries 2004 – 2008
(In 000 USD)

 
2004
2005
2006
2007
2008
1. U.S.A
4, 904, 302
6, 424, 848
6, 526, 429
7, 564, 887
7, 825, 607
2. Saudi Arabia
877, 209
949, 372
1, 117, 915
1, 141, 319
1, 387, 120
3. Canada
67, 338
117, 061
590, 627
595, 079
1, 308, 692
4. United Kingdom
280, 805
300, 725
561, 670
684, 007
776, 354
5. Italy
449, 289
430, 071
574, 662
635, 944
678, 539
6. United Arab Emirates
183, 442
257, 429
427, 246
529, 963
621, 232
7. Japan
308, 128
356, 659
453, 398
401, 612
575, 181
8. Singapore
182, 567
240, 149
285, 126
386, 409
523, 951
9. Hong Kong
273, 812
338, 895
413, 723
383, 160
406, 134
10.Germany
108, 124
142, 530
162, 020
207, 935
304, 644
11.Taiwan
72, 714
86, 551
168, 998
183, 357
194, 071
12.Norway
18, 627
19, 814
128, 279
159, 150
185, 619
13.Australia
38, 566
49, 919
68, 572
92, 205
129, 453
14.Kuwait
86, 028
91, 765
123, 931
165, 226
125, 093
15.Qatar
18, 832
42, 012
128, 530
132, 853
122, 912
Total all Countries
7, 869, 783
9, 847, 800
11, 731, 126
13, 263, 106
15, 164, 602

 

 

 

 

 
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