Migrant remittance inflows in Somalia
Somalia: Migrant remittance inflows was 21.70 million current US$ in 1983. ◆ Volatile
Latest (1983)
21.70 million current US$
Change on year
up 9.1%
World rank
38th
of 50 countries
All-time high
57.25 million current US$
in 1980
All-time low
7.15 million current US$
in 1981
Years of data
5
1979–1983
Migrant remittance inflows in Somalia, 1979–1983
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
In 1983, migrant remittance inflows in Somalia stood at 21.70 million current US$.
That represents a change of up 9.1% on the previous year and down 40.8% over five years.
That places Somalia 38th out of 50 countries with data for 1983, putting it in the bottom quarter.
Migrant remittance inflows in Somalia, year by year
| Year | current US$ | Change |
|---|---|---|
| 1979 | 36.65 million current US$ | — |
| 1980 | 57.25 million current US$ | +56.2% |
| 1981 | 7.15 million current US$ | -87.5% |
| 1982 | 19.90 million current US$ | +178.3% |
| 1983 | 21.70 million current US$ | +9.1% |
Somalia compared with similar countries
- Somalia's 21.70 million current US$ is below the median for low income countries, which is 96.19 million current US$, 23% of the median. (18 countries reporting)
- Somalia's 21.70 million current US$ is below the median for Sub-Saharan Africa, which is 84.49 million current US$, 26% of the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36.65 million current US$ | 36.65 million current US$ | 36.65 million current US$ | 1 |
| 1980s | 26.50 million current US$ | 7.15 million current US$ | 57.25 million current US$ | 4 |
Countries ranked near Somalia
More trade data for Somalia
- Extensive Margin, Theil index 1.43 (2014)
- Export Diversification, Theil index 4.77 (2014)
- Intensive Margin, Theil index 3.35 (2014)
- Imports of goods and services, US dollar (Balance of Payments and) 14.55 billion (2030)
- Exports of goods and services, US dollar (Balance of Payments and) 4.18 billion (2030)
- Net long-term borrowing 0 BoP, current US$ (2011)
- Pesticides imports 1.35 million FAO, current US$ (2010)
- Food imports excluding fish 313.48 million FAO, current US$ (2010)
- Total agricultural imports 376.15 million FAO, current US$ (2010)
- Cereal imports 122.56 million FAO, current US$ (2010)
Frequently asked questions
- What is migrant remittance inflows in Somalia?
- Migrant remittance inflows in Somalia was 21.70 million current US$ in 1983, 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 Somalia?
- The highest recorded value was 57.25 million current US$ in 1980.
- What is the lowest migrant remittance inflows recorded in Somalia?
- The lowest recorded value was 7.15 million current US$ in 1981.
- How does Somalia rank for migrant remittance inflows?
- Somalia ranks 38th out of 50 countries with data for 1983.
- Where does this Somalia 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 — 5 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,