Manila: An estimated 10 million overseas Filipino workers sent home $20.116 billion (Dh73.82 billion) in 2011 — 7.22 per cent more than the $18.762 billion they sent in 2010, according to the Philippine Central Bank report.
The amount included $15.776 billion from land-based overseas workers, and $4.34 billion from sea-based workers, the report said.
Filipinos in the Americas made the highest remittance of $10.656 billion, followed by those in Europe ($3.348 billion). Those working in the Middle East sent home $3.215 billion and in Asia $2.568 billion, the report said.
Filipinos in the US mainland and Canada topped in terms of remittances from the Americas, while in Europe, Italy generated the highest remittances to the Philippines. In the Middle East, Saudi Arabia and the UAE generated the highest revenue volumes for the Philippines.
