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The document summarizes statistics about Filipino workers overseas and remittances. It states that there are approximately 10 million Filipino workers abroad as of 2012, with the top destination countries being the US, Saudi Arabia, Canada, UAE, and Malaysia. For the Philippines overall, foreign remittances make up 11.6% of total income on average, but it is higher in the Ilocos region at 17.9%. Ilocos Norte province specifically has the highest share of foreign remittances in total income at 21.7% and the largest percentage of households receiving foreign remittances.
The document summarizes statistics about Filipino workers overseas and remittances. It states that there are approximately 10 million Filipino workers abroad as of 2012, with the top destination countries being the US, Saudi Arabia, Canada, UAE, and Malaysia. For the Philippines overall, foreign remittances make up 11.6% of total income on average, but it is higher in the Ilocos region at 17.9%. Ilocos Norte province specifically has the highest share of foreign remittances in total income at 21.7% and the largest percentage of households receiving foreign remittances.
The document summarizes statistics about Filipino workers overseas and remittances. It states that there are approximately 10 million Filipino workers abroad as of 2012, with the top destination countries being the US, Saudi Arabia, Canada, UAE, and Malaysia. For the Philippines overall, foreign remittances make up 11.6% of total income on average, but it is higher in the Ilocos region at 17.9%. Ilocos Norte province specifically has the highest share of foreign remittances in total income at 21.7% and the largest percentage of households receiving foreign remittances.
The number of Filipino workers abroad is estimated to be at around 10
million as 2012 -Commission on Filipino Overseas
Central and Northern Luzon (Ilocos Region) are among the regions which has the largest number of OFs. 1.8 million or 85 % of Filipino-Americans in Hawaii are of Ilocano descent
Permanent - 4.86 Million or 47 % Temporary - 4.51 Million or 43 % Irregular - 1.07 Million 10 %
The top 10 destination countries of Filipinos are US (33%), Saudi Arabia (15%), Canada (8%), UAE (7%), Malaysia (5%), Australia (4%),Qatar (3%), Japan (2%), United Kingdom (2%), Kuwait (2%). (See Figure 2). Except for Qatar, all of these countries were also last years top destination countries. - Commission on Filipino Overseas (CFO) For the country as a whole, mean share of foreign remittances in total income is only 11.6%, and for the Ilocos region 17.9%. Source: CFO Based on FIES 2009, Ilocos Norte is the province with the highest share of foreign remittances in total income (21.7%). It is also the province with largest share of HHs receiving foreign remittances (61.4%) by a wide margin. No other province reports more than 50%. From 2006 to 2009, remittances grew at 9.6% per year in nominal terms. The current estimated remittances to Ilocos Norte is at 15 18 billion PhP. -31 Universal and Commercial Banks -5 Thrift Banks -16 Rural Banks A total of 52 Banks Thank You ! Edwin C. Carino -Millennium Development Goals Project Manager