OFW Remittances amount to around 13.5% of the Philippines' GDP

Money sent by OFWs back to the Philippines is a major factor in the country's economy, amounting to more than US$10 billion in 2005. This makes the country the fourth largest recipient of foreign remittances behind India, China, and Mexico. The amount represents 13.5% of the Philippines' GDP, the largest in proportion to the domestic economy among the four countries mentioned.

Overseas Filipinos sent $15.9 billion worth of remittances to the Philippines in 2008, up from the $14.4 billion in 2007, and $13 billion in 2006.

Source: en.wikipedia.org