Migrant remittance outflows in Africa
Africa: Migrant remittance outflows was 5.71 billion current US$ in 2011. ▲ Rising
Migrant remittance outflows in Africa, 1970–2011
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
Africa recorded 5.71 billion current US$ for migrant remittance outflows in 2011.
The figure is down 14.1% on the previous year and up 87.6% over ten years.
Over the whole period, migrant remittance outflows in Africa peaked at 6.64 billion current US$ in 2010 and was at its lowest, 236.60 million current US$, in 1970.
The long-run direction has been consistently rising across the 42 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.34 billion current US$ | 236.60 million current US$ | 3.66 billion current US$ | 10 |
| 1980s | 3.82 billion current US$ | 3.05 billion current US$ | 4.94 billion current US$ | 10 |
| 1990s | 2.77 billion current US$ | 2.36 billion current US$ | 3.41 billion current US$ | 10 |
| 2000s | 4.31 billion current US$ | 3.04 billion current US$ | 6.25 billion current US$ | 10 |
| 2010s | 6.17 billion current US$ | 5.71 billion current US$ | 6.64 billion current US$ | 2 |
Countries ranked near Africa
- 1 South Africa 1.44 billion current US$ compare
- 2 Cote d'Ivoire 725.59 million current US$ compare
- 3 Libya 650.00 million current US$ compare
- 4 Angola 564.26 million 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 migrant remittance outflows in Africa?
- Migrant remittance outflows in Africa was 5.71 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 outflows recorded in Africa?
- The highest recorded value was 6.64 billion current US$ in 2010.
- What is the lowest migrant remittance outflows recorded in Africa?
- The lowest recorded value was 236.60 million current US$ in 1970.
- How does Africa rank for migrant remittance outflows?
- Africa ranks 1st out of 6 groups with data for 2011.
- Is migrant remittance outflows rising or falling in Africa?
- Over the last ten years it is up 87.6%. 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, published as part of Migrant remittance outflows (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 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,