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OFW Remittances All Over The World Hits P1Trillion

Based on the data from Bangko Central ng Pilipinas, Overseas Filipino Workers remittances worldwide reached a total of Php1Trillion and still counting. Remittances of 2018 is much higher than of in 2017.


According to ACTS-OFW Party-list Rep John Bertiz, Saudi Arabia has the highest remittance on all of OFW even a Saudization rule applies, an estimate of Php8Billion remittance came from Saudi Arabia alone. OFW are still in demand as around 1.9million OFW have been deployed worldwide.

The remittances of OFW provides growth to the economy of the Philippines. Skilled workers and professional workers still finding jobs overseas to have a better financial capacity to bring to their respective families.

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