Current transfers, payments in Africa
Africa: Current transfers, payments was 7.58 billion BoP, current US$ in 2005. ▲ Rising
Current transfers, payments in Africa, 1978–2005
Source: International Monetary Fund, Balance of Payments Statistics Yearbook and data files. Measured in BoP, current US$.
Analysis
In 2005, current transfers, payments in Africa stood at 7.58 billion BoP, current US$.
That represents a change of down 6.0% on the previous year and up 115.2% over ten years.
Over the whole period, current transfers, payments in Africa peaked at 8.06 billion BoP, current US$ in 2004 and was at its lowest, 3.21 billion BoP, current US$, in 1989.
The long-run direction has been consistently rising across the 28 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.55 billion BoP, current US$ | 3.27 billion BoP, current US$ | 3.83 billion BoP, current US$ | 2 |
| 1980s | 4.10 billion BoP, current US$ | 3.21 billion BoP, current US$ | 5.22 billion BoP, current US$ | 10 |
| 1990s | 3.51 billion BoP, current US$ | 3.22 billion BoP, current US$ | 3.78 billion BoP, current US$ | 10 |
| 2000s | 5.88 billion BoP, current US$ | 4.20 billion BoP, current US$ | 8.06 billion BoP, current US$ | 6 |
Countries ranked near Africa
- 1 South Africa 3.51 billion BoP, current US$ compare
- 2 Angola 1.48 billion BoP, current US$ compare
- 3 Sudan 946.62 million BoP, current US$ compare
- 4 Cote d'Ivoire 872.08 million BoP, current US$ compare
- 5 Libya 680.80 million BoP, current US$ compare
- 6 Algeria 664.93 million BoP, current US$ compare
More trade data for Africa
- Net long-term borrowing 496.17 million BoP, current US$ (2011)
- Pesticides imports 992.27 million FAO, current US$ (2011)
- Food imports excluding fish 51.61 billion FAO, current US$ (2010)
- Total agricultural imports 62.76 billion FAO, current US$ (2010)
- Cereal imports 18.44 billion FAO, current US$ (2010)
- Cereal imports quantity 66.37 million FAO, tonnes (2010)
- Total agricultural exports 35.30 billion FAO, current US$ (2010)
- Cereal exports 1.05 billion FAO, current US$ (2010)
- Cereal exports quantity 3.62 million FAO, tonnes (2010)
- Merchandise exports, WB 443.28 billion current US$ (2009)
Frequently asked questions
- What is current transfers, payments in Africa?
- Current transfers, payments in Africa was 7.58 billion BoP, current US$ in 2005, according to International Monetary Fund, Balance of Payments Statistics Yearbook and data files.
- What is the highest current transfers, payments recorded in Africa?
- The highest recorded value was 8.06 billion BoP, current US$ in 2004.
- What is the lowest current transfers, payments recorded in Africa?
- The lowest recorded value was 3.21 billion BoP, current US$ in 1989.
- How does Africa rank for current transfers, payments?
- Africa ranks 3rd out of 6 groups with data for 2005.
- Is current transfers, payments rising or falling in Africa?
- Over the last ten years it is up 115.2%. The long-run trend across the full record is rising.
- Where does this Africa data come from?
- The figures come from International Monetary Fund, Balance of Payments Statistics Yearbook and data files, published as part of Current transfers, payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Current transfers comprise transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Data are in current U.S. dollars.