OFW remittances in 2010, $18.76 B

Here’s the annual remittances by overseas Filipino workers (OFWs), in $ billion:

  • 2003,   7.58
  • 2004,   8.55
  • 2005, 10.69
  • 2006, 12.76
  • 2007, 14.45
  • 2008, 16.43
  • 2009, 17.35
  • 2010, 18,76

The average monthly remittances was $1.37 B in 2008, $1.44 B in 2009, and $1.56 B in 2010. It is safe to assume an average of $1.65 to $1.7 B a month this year. In which case, the projected OFW remittances this year will be from $20 to $20.4 B.

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