Pinoy sailors send home record $6.1B in 2018
MANILA, Philippines – Filipino sailors sent home a new record high of $6.14 billion or around P318.55 billion* in 2018, party-list group ACTS-OFW announced on Sunday, March 3.
The home deposits from the seafarers comprise 19% of the total remittances of overseas Filipino workers (OFWs) in 2018, which hit an all-time high as well, amounting to $32.21 billion despite the Philippines' cooling economy.
The total remittances amounted to 9.7% of the country's gross domestic product, and 8.1% if its gross national income for 2018.
According to data gathered by the ACTS-OFW party list, the top sources of cash transfers from Filipino sailors last year were from the following countries:
- United States - $2.31 billion
- Singapore - $563.85 million
- Germany - $560.98 million
- Japan - $435.82 million
- United Kingdom - $331.23 million
- Hong Kong - $275.53 million
- The Netherlands, $259.12 million
- Greece - $174.98 million
- Panama - $163.62 million
- Cyprus - $125.19 million
- Norway - $115.98 million
Filipino seafarers serve in all kinds of maritime vessels, from bulk carriers to cruise ships, serving from the control rooms to the kitchens and down to the engine rooms.
With this, ACTS-OFW called for the funding of state universities and colleges to put up and expand maritime institutes. – Rambo Talabong/Rappler.com
*1$ = P51.88
In these changing times, courage and clarity become even more important.
Take discussions to the next level with Rappler PLUS — your platform for deeper insights, closer collaboration, and meaningful action.
Sign up today and access exclusive content, events, and workshops curated especially for those who crave clarity and collaboration in an intelligent, action-oriented community.
As an added bonus, we’re also giving a free 1-year Booky Prime membership for the next 200 subscribers.
You can also support Rappler without a PLUS membership. Help us stay free and independent by making a donation: https://www.rappler.com/crowdfunding. Every contribution counts.