Countries · Asia
Philippines
Remittances from Filipinos working abroad are one of the largest sources of foreign income for the Philippines.
At a glance
Net inflows of foreign direct investment were $8.12bn in 2025, against an average of $8.94bn a year in 2015–2024. Investors based in Philippines put a net $1.60bn into direct investment abroad in the same year, less than Philippines received. Foreign investors were net sellers of $0.61bn of shares in Philippines in 2025. Money sent home by workers abroad came to $41.6bn in 2025, equal to 8.5% of GDP. Investors in Philippines held $49.4bn of US Treasury securities at the end of August 2026, −$10.5bn on a year earlier, and $3.70bn of US shares.
Money sent home by Filipino workers came to $41.6bn in 2025, more than five times direct investment that year. Business process outsourcing is the other main source of foreign earnings.
Philippines's holdings of US securities
Treasuries, shares and bonds issued in the US and held by investors in Philippines.
Holdings of US securities
End of month, Aug 2025 to Aug 2026, $bn.
Net purchases of long-term US securities
Each month, $bn. Positive means net buying.
The US Treasury records holdings by the country where securities are held in custody, which is not always the owner's country. Why this matters.
Direct and equity investment
Annual net flows, $bn. Direct investment means building or buying businesses; portfolio equity means buying listed shares and fund units.
Net flows by year
Direct investment into and out of Philippines, and foreign buying of its shares, $bn.
Current account and reserves
The balance of trade and income with the rest of the world, and the reserves held by the central bank.
Current account balance
Each year, $bn. A surplus means the country lends to the rest of the world.
Foreign exchange reserves, including gold
End of year, $bn.
Remittances
Money sent home by people working abroad, compared with direct investment, $bn.
Remittances and direct investment
Each year, $bn.
The economy
GDP
Current US dollars, $bn. Dollar figures also move with exchange rates.
Growth and inflation
Real GDP growth and consumer price inflation, per cent.
All figures
Annual figures from the World Bank, as published. Download them for every country on the data page.
| Indicator | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Population (m) | 105.31 | 106.74 | 108.12 | 109.47 | 110.80 | 112.08 | 113.10 | 113.96 | 114.89 | 115.84 | 116.79 |
| GDP ($bn) | 306.4 | 318.6 | 328.5 | 346.8 | 376.8 | 361.8 | 394.1 | 404.4 | 437.1 | 461.7 | 487.1 |
| GDP per person ($) | 2,910 | 2,985 | 3,038 | 3,169 | 3,401 | 3,228 | 3,484 | 3,548 | 3,804 | 3,985 | 4,171 |
| Real GDP growth (%) | 6.3 | 7.1 | 6.9 | 6.3 | 6.1 | −9.5 | 5.7 | 7.6 | 5.5 | 5.7 | 4.4 |
| Inflation (%) | 0.7 | 1.3 | 2.9 | 5.3 | 2.4 | 2.4 | 3.9 | 5.8 | 6.0 | 3.2 | 1.7 |
| Current account ($bn) | 7.27 | −1.20 | −2.14 | −8.88 | −3.05 | 11.58 | −5.94 | −18.26 | −12.39 | −18.57 | −16.85 |
| Current account (% GDP) | 2.4 | −0.4 | −0.7 | −2.6 | −0.8 | 3.2 | −1.5 | −4.5 | −2.8 | −4.0 | −3.5 |
| Reserves incl. gold ($bn) | 80.6 | 80.7 | 81.4 | 79.2 | 89.5 | 110.0 | 108.8 | 96.0 | 103.7 | 106.2 | 110.9 |
| Direct investment in ($bn) | 5.64 | 8.28 | 10.26 | 9.95 | 8.67 | 6.82 | 11.98 | 9.49 | 8.93 | 9.40 | 8.12 |
| Direct investment out ($bn) | 5.54 | 2.40 | 3.30 | 4.12 | 3.35 | 3.56 | 2.25 | 3.86 | 3.53 | 2.70 | 1.60 |
| Portfolio equity in ($bn) | −0.74 | 0.13 | 0.50 | −1.03 | 1.76 | −2.54 | −0.98 | −0.49 | −0.44 | −0.09 | −0.61 |
| Remittances ($bn) | 29.80 | 31.14 | 32.81 | 33.81 | 35.17 | 34.88 | 36.69 | 38.05 | 39.10 | 40.28 | 41.56 |
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