Migrant remittance inflows in Africa
Africa: Migrant remittance inflows was 2.9% in 2011. ▲ Rising
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, and World Bank and OECD GDP estimates. Measured in % of GDP.
Analysis
The most recent figure for migrant remittance inflows in Africa is 2.9%, measured in 2011.
Compared with earlier readings it is down 2.5% on the previous year and up 38.4% over ten years.
Over the whole period, migrant remittance inflows in Africa peaked at 3.4% in 2005 and was at its lowest, 1.6%, in 1989.
The long-run direction has been consistently rising across the 20 years of available data.
Migrant remittance inflows in Africa, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1988 | 1.7% | — |
| 1989 | 1.6% | -7.0% |
| 1994 | 2.1% | +35.6% |
| 1995 | 2.0% | -8.2% |
| 1996 | 1.8% | -7.2% |
| 1997 | 2.1% | +16.2% |
| 1998 | 2.1% | +0.5% |
| 1999 | 2.0% | -5.5% |
| 2000 | 1.9% | -6.8% |
| 2001 | 2.1% | +13.8% |
| 2002 | 2.2% | +5.0% |
| 2003 | 2.2% | -1.6% |
| 2004 | 2.3% | +5.4% |
| 2005 | 3.4% | +48.2% |
| 2006 | 3.3% | -3.7% |
| 2007 | 3.4% | +1.8% |
| 2008 | 3.2% | -5.3% |
| 2009 | 3.1% | -2.6% |
| 2010 | 3.0% | -2.8% |
| 2011 | 2.9% | -2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.6% | 1.6% | 1.7% | 2 |
| 1990s | 2.0% | 1.8% | 2.1% | 6 |
| 2000s | 2.7% | 1.9% | 3.4% | 10 |
| 2010s | 3.0% | 2.9% | 3.0% | 2 |
Countries ranked near Africa
More trade data for Africa
- Milking, dairy machinery (trade) — Import Value 64,599 1000 USD (2007)
- Milking, dairy machinery (trade) — Export Value 2,418 1000 USD (2007)
- Ploughs (e.g. reversible and non-reversible ploughs) — Import Value 12,951 1000 USD (2007)
- Pedestrian controlled tractors (single axle tractors) — Import Value 20,251 1000 USD (2007)
- Net long-term borrowing 496.17 million BoP, current US$ (2011)
- Pesticides imports 992.27 million FAO, current US$ (2011)
- Manure spreaders and Fertiliser distributors — Import Value 8,033 1000 USD (2007)
- 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)
Frequently asked questions
- What is migrant remittance inflows in Africa?
- Migrant remittance inflows in Africa was 2.9% in 2011, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, and World Bank and OECD GDP estimates.
- What is the highest migrant remittance inflows recorded in Africa?
- The highest recorded value was 3.4% in 2005.
- What is the lowest migrant remittance inflows recorded in Africa?
- The lowest recorded value was 1.6% in 1989.
- How does Africa rank for migrant remittance inflows?
- Africa ranks 3rd 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 38.4%. The long-run trend across the full record is rising.
- 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, and World Bank and OECD GDP estimates, published as part of Migrant remittance inflows (% of GDP). Statizoid updates them automatically from the source API.
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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,