{"id":1120,"date":"2024-09-17T17:38:56","date_gmt":"2024-09-17T17:38:56","guid":{"rendered":"https:\/\/kuwaitnewslive.com\/en\/?p=1120"},"modified":"2024-09-17T18:28:05","modified_gmt":"2024-09-17T18:28:05","slug":"filipino-remittances-from-kuwait-drop-by-2-15-amid-gcc-growth","status":"publish","type":"post","link":"https:\/\/colorsnewslive.com\/en\/2024\/09\/17\/filipino-remittances-from-kuwait-drop-by-2-15-amid-gcc-growth\/","title":{"rendered":"Filipino Remittances from Kuwait Drop by 2.15% Amid GCC Growth]"},"content":{"rendered":"<p>KUWAIT CITY, Sep 17: Official data from the Central Bank of the Philippines revealed that there has been a decline in remittances by 2.15% sent by Filipino workers from Kuwait during the last seven months of this year, totaling $317.07 million, down from $324.03 million during the same period in 2023. Despite the drop from Kuwait, overall remittances from Filipino workers in the Gulf Cooperation Council (GCC) countries grew by 4% year-on-year, reaching $3.2 billion in the first seven months of 2024, compared to $3.08 billion during the same period in 2023. Saudi Arabia continued to lead in remittances, with $1.17 billion sent home by Filipino workers in the first seven months of 2024, marking a 4.39% annual increase. Bahrain recorded the lowest remittances among Gulf nations, with $158.8 million, up 3.6% from $153.2 million in 2023.The statistics also showed that remittances from GCC countries made up 16.55% of the total remittances from Filipino workers worldwide, which amounted to $19.33 billion during the first seven months of 2024. Furthermore, remittances from the Gulf represented 41.7% of total remittances from Filipino workers in Asia, which reached $7.67 billion. In the broader Middle East region, remittances totaled $3.32 billion, with 96.22% coming from GCC countries. The World Bank has projected that remittances to low- and middle-income countries will grow by 2.3% in 2024, although this growth is expected to vary across different regions.<\/p>","protected":false},"excerpt":{"rendered":"<p>KUWAIT CITY, Sep 17: Official data from the Central Bank of the Philippines revealed that there has been a decline in remittances by 2.15% sent by Filipino workers from Kuwait during the last seven months of this year, totaling $317.07 million, down from $324.03 million during the same period in 2023. Despite the drop from [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1121,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-1120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uncategorized"},"acf":[],"_links":{"self":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/comments?post=1120"}],"version-history":[{"count":1,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1120\/revisions"}],"predecessor-version":[{"id":1122,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/posts\/1120\/revisions\/1122"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/media\/1121"}],"wp:attachment":[{"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/media?parent=1120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/categories?post=1120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/colorsnewslive.com\/en\/wp-json\/wp\/v2\/tags?post=1120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}