Net secondary income (Net current transfers from abroad) in Philippines
Philippines: Net secondary income (Net current transfers from abroad) was 1.79 trillion current LCU in 2024. ◆ Volatile
Net secondary income (Net current transfers from abroad) in Philippines, 1998–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, net secondary income (net current transfers from abroad) in Philippines stood at 1.79 trillion current LCU. That is the highest value across all 27 years on record.
That represents a change of up 6.0% on the previous year and up 85.6% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Philippines peaked at 1.79 trillion current LCU in 2024 and was at its lowest, 20.00 billion current LCU, in 1998.
That places Philippines 27th out of 202 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 21.17 billion current LCU | 20.00 billion current LCU | 22.35 billion current LCU | 2 |
| 2000s | 526.72 billion current LCU | 242.63 billion current LCU | 746.13 billion current LCU | 10 |
| 2010s | 1.04 trillion current LCU | 754.22 billion current LCU | 1.40 trillion current LCU | 10 |
| 2020s | 1.56 trillion current LCU | 1.33 trillion current LCU | 1.79 trillion current LCU | 5 |
Countries ranked near Philippines
More economy & growth data for Philippines
- DEC alternative conversion factor 57.51 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 31.17 billion current US$ (2024)
- Net primary income (Net income from abroad) 4.19 trillion current LCU (2025)
- Net primary income (Net income from abroad) 72.84 billion current US$ (2025)
- GNI per capita 275,706 current LCU (2025)
- GNI per capita, Atlas method 4,850 current US$ (2025)
- GNI 32.20 trillion current LCU (2025)
- GNI 559.93 billion current US$ (2025)
- GNI, Atlas method 566.82 billion current US$ (2025)
- Gross domestic savings 8.4% (2025)
Frequently asked questions
- What is net secondary income (net current transfers from abroad) in Philippines?
- Net secondary income (net current transfers from abroad) in Philippines was 1.79 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest net secondary income (net current transfers from abroad) recorded in Philippines?
- The highest recorded value was 1.79 trillion current LCU in 2024.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Philippines?
- The lowest recorded value was 20.00 billion current LCU in 1998.
- How does Philippines rank for net secondary income (net current transfers from abroad)?
- Philippines ranks 27th out of 202 countries with data for 2024.
- Is net secondary income (net current transfers from abroad) rising or falling in Philippines?
- Over the last ten years it is up 85.6%. The long-run trend across the full record is volatile.
- Where does this Philippines data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Net secondary income (Net current transfers from abroad) (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.