Net secondary income (Net current transfers from abroad) in Philippines
Philippines: Net secondary income (Net current transfers from abroad) was 31.17 billion current US$ 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 US$.
Analysis
The most recent figure for net secondary income (net current transfers from abroad) in Philippines is 31.17 billion current US$, measured in 2024. That is the highest value across all 27 years on record.
The figure is up 3.0% on the previous year and up 43.8% over ten years.
Over the whole period, net secondary income (net current transfers from abroad) in Philippines peaked at 31.17 billion current US$ in 2024 and was at its lowest, 488.96 million current US$, in 1998.
That places Philippines 5th out of 202 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 530.38 million current US$ | 488.96 million current US$ | 571.79 million current US$ | 2 |
| 2000s | 10.58 billion current US$ | 5.49 billion current US$ | 15.65 billion current US$ | 10 |
| 2010s | 22.03 billion current US$ | 16.72 billion current US$ | 27.10 billion current US$ | 10 |
| 2020s | 29.24 billion current US$ | 26.88 billion current US$ | 31.17 billion current US$ | 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) 1.79 trillion current LCU (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 31.17 billion current US$ 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 31.17 billion current US$ in 2024.
- What is the lowest net secondary income (net current transfers from abroad) recorded in Philippines?
- The lowest recorded value was 488.96 million current US$ in 1998.
- How does Philippines rank for net secondary income (net current transfers from abroad)?
- Philippines ranks 5th 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 43.8%. 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 US$). 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 indicator is expressed in United States dollars.