Personal remittance inflow towards Southeast Asia as a whole 1975-2022
The value of personal remittances sent to Southeast Asia increased by more than three percent between 2020 and 2021, a recovery from the decline in 2020. This is according to estimates made by the World Bank on data from the IMF that tracked the balance of payments between countries. All figures provided here have been summed from this individual country's data. The source adds that "personal remittances" consist of both personal transfers between resident and nonresident individuals, as well as the compensation of employees. By definition, then, the numbers shown here focus on migrant workers and likely includes remittances sent from Overseas Filipino Workers (OFW) back to the Philippines. Note, however, that consumers with a second home abroad but who receive pensions from their country of origin can sometimes also be counted as remittances.
