Migrant remittance inflows in Africa
Africa: Migrant remittance inflows was 56.87 billion current US$ in 2011. ◆ Volatile
Migrant remittance inflows in Africa, 1988–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
In 2011, migrant remittance inflows in Africa stood at 56.87 billion current US$. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 8.7% on the previous year and up 369.3% over ten years.
Over the whole period, migrant remittance inflows in Africa peaked at 56.87 billion current US$ in 2011 and was at its lowest, 7.18 billion current US$, in 1989.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 7.33 billion current US$ | 7.18 billion current US$ | 7.49 billion current US$ | 2 |
| 1990s | 10.68 billion current US$ | 9.75 billion current US$ | 11.82 billion current US$ | 6 |
| 2000s | 28.22 billion current US$ | 10.91 billion current US$ | 49.72 billion current US$ | 10 |
| 2010s | 54.59 billion current US$ | 52.32 billion current US$ | 56.87 billion current US$ | 2 |
Countries ranked near Africa
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 migrant remittance inflows in Africa?
- Migrant remittance inflows in Africa was 56.87 billion current US$ in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance inflows recorded in Africa?
- The highest recorded value was 56.87 billion current US$ in 2011.
- What is the lowest migrant remittance inflows recorded in Africa?
- The lowest recorded value was 7.18 billion current US$ in 1989.
- How does Africa rank for migrant remittance inflows?
- Africa ranks 1st out of 6 groups with data for 2011.
- Is migrant remittance inflows rising or falling in Africa?
- Over the last ten years it is up 369.3%. The long-run trend across the full record is volatile.
- Where does this Africa data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, published as part of Migrant remittance inflows (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,