Overseas Filipinos sent USD 22.8 Billion in 2013

BSP reports that remittances hit an all-time high of 22.8 billion US Dollars for the year 2013. For December alone, overseas Filipinos sent home a record 2.2 Billion US Dollars. The amount is an increase of 6.4 percent  year on year. USD 22.8 billion dollars represent about 8.4 percent of Gross domestic product in 2013.