Source: VNA
The countries that contributed most to the increase in the month were the US and Canada.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla said personal remittances reached USD32.2 billion last year, the highest annual level to date.

Personal remittances are a major driver of domestic consumption, accounting for 9.7 percent of the country’s gross domestic product (GDP) and 8.1 percent of the gross national income (GNI) in 2018, Espenilla added./.