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Overseas Filipinos sent USD 22.8 Billion in 2013

BSP reports that remittances hit an all-time high of 22.8 billion US Dollars for the year 2013. For December alone, overseas Filipinos sent home a record 2.2 Billion US Dollars. The amount is an increase of 6.4 percent  year on year. USD 22.8 billion dollars represent about 8.4 percent of Gross domestic product in 2013.

 

source: http://business.inquirer.net/164304/remittances-hit-all-time-high-in-2013